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
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.
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
Among its reported 2024 grants, the largest include Boys & Girls Club of Wichita Falls ($85,000), United Regional Foundation ($50,000), Hands to Hands ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| BOYS & GIRLS CLUB OF WICHITA FALLS WICHITA FALLS, TX | OPERATIONS | $85,000 |
| BOYS SCOUTS WICHITA FALLS, TX | OPERATIONS | $5,000 |
| CAMP FIRE NORTH TEXAS WICHITA FALLS, TX | OPERATIONS | $5,000 |
| CASA OF RED RIVER WICHITA FALLS, TX | OPERATIONS | $5,000 |
| CHRIST ACADEMY WICHITA FALLS, TX | OPERATIONS | $6,735 |
| COMMUNITY HEALTHCARE CENTER WICHITA FALLS, TX | OPERATIONS | $5,000 |
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 | — | — |
Frequently Asked Questions
How do I apply for a grant from Leota Steed Foundation?
The foundation made $209,000 in grants during 2023. Recent grant recipients include: • Boys and Girls Clubs of Wichita Falls (BGCWF) — $15,000 (Operations) • Wichita Falls Faith Mission — $10,000 (Operations) • Camp Fire - North Texas — $5,000 (Operations) The foundation made additional grants beyond these three documented recipients in 2023.
Where does Leota Steed Foundation make grants?
The foundation primarily funds organizations in the Wichita Falls, Texas area.
What size grants does Leota Steed Foundation award?
In 2024, Leota Steed Foundation awarded 23 grants totaling $262K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Leota Steed Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Leota Steed Foundation reported a distributable amount of $289K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Leota Steed Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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