Looney-montgomery Foundation
Looney-montgomery Foundation is a private foundation, based in EDINBURG, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $438K in total assets. In 2024, it awarded 7 grants totaling $10K. Net investment income was $19K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$438K
+5.1% YoY
Annual Giving
$10K
-18.7% YoY
Grant Count
7
-41.7% YoY
Avg Grant Size
$1K
+39.3% YoY
Under IRS private-foundation payout rules, Looney-montgomery Foundation reported a distributable amount of $21K for 2024 — the minimum it must pay out in qualifying distributions.
About Looney-montgomery Foundation
Based on IRS filings
Looney-montgomery Foundation is a private foundation, based in EDINBURG, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $438K in total assets. In 2024, it awarded 7 grants totaling $10K. Net investment income was $19K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $438,092 | $416,766 | $421,262 |
| Revenue | $35,469 | $12,214 | $3,474 |
| Expenses | $14,143 | $16,710 | $30,402 |
| Qualifying Distributions | $11,043 | $13,978 | $27,864 |
| Net Investment Income | $19,453 | $9,226 | $5,683 |
| Distributable Amount | $21,453 | $20,508 | $21,877 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
52 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Museum of South Texas History ($3,900), The University of Texas Foundation ($2,000), Vannie E Cook Jr Cancer Foundatio ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MUSEUM OF SOUTH TEXAS HISTORY EDINBURG, TX | TO ASSIST WITH OPERATING EXPENSES | $3,900 |
| VANNIE E COOK JR CANCER FOUNDATIO MCALLEN, TX | TO ASSIST WITH OPERATING EXPENSES | $1,000 |
| SALVATION ARMY MCALLEN, TX | TO ASSIST WITH OPERATING EXPENSES | $200 |
| PALM VALLEY ANIMAL SOCIETY EDINBURG, TX | TO ASSIST WITH OPERATING EXPENSES | $1,000 |
| THE UNIVERSITY OF TEXAS FOUNDATION AUSTIN, TX | TO ASSIST WITH OPERATING EXPENSES | $2,000 |
| INTERNATION MUSEUM OF ART & SCIENCE MCALLEN, TX | TO ASSIST WITH OPERATING EXPENSES | $1,000 |
| THE NATIONAL WWII MUSEUM NEW ORLEANS, LA | TO ASSIST WITH OPERATING EXPENSES | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CULLEN R LOONEY | PRESIDENT | — | — |
| CAROL L LOONEY | VP/SEC/TREAS | — | — |
| COURTNEY LOONEY | VP | — | — |
| LORIN RUNNELS | VP/ASST SEC | — | — |
Frequently Asked Questions
How large is Looney-montgomery Foundation?
As of 2024, Looney-montgomery Foundation holds $438K in total assets with $35K in annual revenue. It awarded 7 grants totaling $10K in 2024.
Where does Looney-montgomery Foundation operate?
Looney-montgomery Foundation has awarded grants in California, Louisiana, Texas.
What size grants does Looney-montgomery Foundation award?
In 2024, Looney-montgomery Foundation awarded 7 grants totaling $10K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Looney-montgomery Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Looney-montgomery Foundation reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Looney-montgomery Foundation's EIN?
Looney-montgomery Foundation's EIN (Employer Identification Number) is 74-6050563. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Looney-montgomery Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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