Leota Steed Foundation
The Leota Steed Foundation is a private foundation based in Wichita Falls, Texas, established in 1993. The foundation operates with no employees and focuses on grantmaking to support local organizations and community initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.1M
+2.7% YoY
Annual Giving
$262K
-1.8% YoY
Grant Count
23
+9.5% YoY
Avg Grant Size
$11K
-10.4% YoY
Grantmaking
The foundation made $209,000 in grants during 2023. Recent grant recipients include:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in the Wichita Falls, Texas area.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $2,994,606
- Total Revenues: $280,697
- Total Expenses: $330,201
- Investment Income and Dividends: $119,410
- Net Gain from Sale of Non-Inventory Assets: $161,262
As of December 31, 2022:
- Investment Income and Dividends: $70,721
- Net Gain from Sale of Non-Inventory Assets: $22,689
The foundation's investment income increased 68.8% year-over-year, while gains from asset sales increased 610.7%.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,075,341 | $2,994,606 | $3,044,110 |
| Revenue | $420,010 | $280,697 | $94,157 |
| Expenses | $339,275 | $330,201 | $330,373 |
| Qualifying Distributions | $261,735 | $266,667 | $279,667 |
| Net Investment Income | $414,560 | $275,322 | $89,307 |
| Distributable Amount | $288,648 | $252,350 | $265,262 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
87 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by trustees Marilyn Steed Stafford and Robert W Goff.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARILYN STEED STAFFORD | PRESIDENT/TRUSTEE | 0.12 | — |
| ROBERT W GOFF JR | VICE PRESIDENT/TRUSTEE | — | — |
| DONALD J HUPP | SEC/TREAS/TRUSTEE | 0.25 | $4,000 |
| KIMBERLY MILLER | TRUSTEE | — | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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