Leota Steed Foundation
The Leota Steed Foundation is a private foundation based in Wichita Falls, Texas. In 2024, it reported making 23 grants totaling $261,735 to charitable organizations.
Leota Steed Foundation at a glance
In short: Leota Steed Foundation gave $262K across 23 grants in 2024 (avg $11K), mostly in Texas. 9% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $261,735
- -1.8% vs 2023
- Grants made (2024)
- 23
- +9.5% vs 2023
- Average grant
- $11,380
- -10.4% vs 2023
- Median grant
- $5,000
- Total assets
- $3,075,341
- +2.7% vs 2023
- New grantees (estimate)
- 9% first-time grantees (2 of 23, 2024; small sample)
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Leota Steed Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds; it states that it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 2304 Midwestern Pkwy Ste 206, Wichita Falls, TX 76308
Phone: (940) 500-4470
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Leota Steed Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Boys & Girls Club of Wichita Falls ($85K). Together the top 10 received $197K.
Grant Size Distribution
87 grants across all recorded years
The most common grant size was under $50K: 76 grants of 87 (87%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2024 went to recipients in Texas. The listed grants include multiple organizations in Wichita Falls.
Grant Distribution by State
Share of 2024 grant dollars across all 23 itemized grants.
States
Cities
Is Leota Steed Foundation open to new grantees?
9%
first-time grantees, 2024
In 2024, 2 of 23 grantees (9%) were first-time recipients. With only 23 grantees, that is a small sample: one grantee more or less moves the share by about 4 points. First grants averaged $5K; repeat grants $12K. How we count
Medians: $5K first-time, $5K repeat.
- 87% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+4%). Method
- In 2024 it paid out 91% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $190K (2020) to $280K (2022). In 2024 it made 23 grants totaling $262K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boys & Girls Club of Wichita Falls Wichita Falls, TX | Operations | $85,000 |
| United Regional Foundation Wichita Falls, TX | Operations | $50,000 |
| Hands to Hands Wichita Falls, TX | Operations | $15,000 |
| Faith Mission Wichita Falls, TX | Operations | $10,000 |
| The Kitchen Wichita Falls, TX | Operations | $10,000 |
| Christ Academy Wichita Falls, TX | Operations | $6,735 |
| Children's Aid Society of West Texas Wichita Falls, TX | Operations | $5,000 |
| Salvation Army of WF Wichita Falls, TX | Operations | $5,000 |
| Arc of Wichita County Wichita Falls, TX | Operations | $5,000 |
| Big Borhters Big Sisters Wichita Falls, TX | Operations | $5,000 |
Ready to take the next step with Leota Steed Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,075,341 | $420,010 | $339,275 | $261,735 | 23 | $261,735 | $414,560 | $288,648 |
| 2023 | $2,994,606 | $280,697 | $330,201 | $266,667 | 21 | $266,667 | $275,322 | $252,350 |
| 2022 | $3,044,110 | $94,157 | $330,373 | $279,667 | 27 | $279,667 | $89,307 | $265,262 |
| 2021 | $3,280,326 | $116,225 | $320,177 | $251,667 | 9 | $251,667 | $48,358 | $281,848 |
| 2020 | $3,508,336 | $252,636 | $248,721 | $190,000 | 7 | — | $26,244 | $251,202 |
Under IRS private-foundation payout rules, Leota Steed Foundation reported a distributable amount of $289K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants supported organizations whose stated work includes youth programs, community services, and assistance for people in need. For example, the Boys & Girls Club of Wichita Falls says its contributions help fund club activities for local youth and defray operating costs. The Kitchen says it brings stability and purpose to people who are homeless, while Faith Mission describes services including food pantries, shelters, housing, and care facilities.
Grantmaking
In 2024, the foundation reported 23 grants totaling $261,735. Grant amounts ranged from $5,000 to $85,000, with a median of $5,000. The largest grants included $85,000 to Boys & Girls Club of Wichita Falls and $50,000 to United Regional Foundation, both for operations. Other grants included $15,000 to Hands to Hands and $10,000 each to Faith Mission and The Kitchen.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Marilyn Steed Stafford as president and trustee; Robert W Goff Jr as vice president and trustee; Donald J Hupp as secretary, treasurer, and trustee; and Kimberly Miller as trustee.
Leota Steed Foundation is led by Marilyn Steed Stafford, President & Trustee on every filing since 2020; 1 of 4 officers listed in 2024 is compensated.
Officers on the 2024 filing
Marilyn Steed Stafford
President & Trustee
On filings since 2020
0.1 hrs/week
No compensation reported
Donald J. Hupp
Secretary, Treasurer & Trustee
On filings since 2020
0.3 hrs/week
$3K (2020) → $4K (2024)
Kimberly Miller
Trustee
On filings since 2020
No compensation reported
Robert W. Goff Jr.
Vice President & Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $4K, to Donald J Hupp (Sec/Treas/Trustee).
Frequently asked questions about Leota Steed Foundation
How much does Leota Steed Foundation give each year?
Leota Steed Foundation gave $262K across 23 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $267K across 21 grants.
What is Leota Steed Foundation's typical grant size?
Leota Steed Foundation's median grant in 2024 was $5,000, and its average grant was $11,380, across 23 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Leota Steed Foundation that year got $5K on average.
Where does Leota Steed Foundation give grants?
Leota Steed Foundation gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Wichita Falls, TX (23 grants).
Does Leota Steed Foundation give general operating support?
Not in 2024: none of the 23 grants with a stated purpose on Leota Steed Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Operations" (23 grants).
Who are Leota Steed Foundation's largest grantees?
Leota Steed Foundation's largest 2024 grantees include Boys & Girls Club of Wichita Falls ($85,000), United Regional Foundation ($50,000) and Hands to Hands ($15,000), according to its 2024 IRS Form 990-PF. Together they received 57% of its itemized 2024 grant dollars.
How large is Leota Steed Foundation?
Leota Steed Foundation reported $3.1M in total assets on its 2024 IRS Form 990-PF. It paid out $262K in qualifying distributions that year, against a required minimum of $289K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Leota Steed Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants supported organizations whose stated work includes youth programs, community services, and assistance for people in need. See mission & focus areas ↑
How do I apply for a grant from Leota Steed Foundation?
The foundation does not accept unsolicited requests for funds; it states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Leota Steed Foundation's EIN?
Leota Steed Foundation's EIN (Employer Identification Number) is 75-2384754. IRS Form 990 filing data is available on this page for 2020–2024.
Does Leota Steed Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Leota Steed Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/leota-steed-foundation-morg_a4e6b2532ee440bc8feb4ca50dc46210
BibTeX
@misc{grantable_752384754_2026,
author = {{Grantable}},
title = {{Leota Steed Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/leota-steed-foundation-morg_a4e6b2532ee440bc8feb4ca50dc46210},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Leota Steed Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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