Luther & Teresa King Family Foundation
Luther & Teresa King Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FORT WORTH, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $30.8M in total assets. In 2024, it awarded 11 grants totaling $849K. Net investment income was $2.2M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$30.8M
+4.5% YoY
Annual Giving
$849K
-4.8% YoY
Grant Count
11
+37.5% YoY
Avg Grant Size
$77K
-30.8% YoY
Under IRS private-foundation payout rules, Luther & Teresa King Family Foundation reported a distributable amount of $2.0M for 2024 — the minimum it must pay out in qualifying distributions.
About Luther & Teresa King Family Foundation
Based on IRS filings
Luther & Teresa King Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FORT WORTH, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $30.8M in total assets. In 2024, it awarded 11 grants totaling $849K. Net investment income was $2.2M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $30,794,642 | $29,474,021 | $25,534,156 |
| Revenue | $2,356,873 | $4,952,854 | $8,910,578 |
| Expenses | $1,036,252 | $1,012,989 | $812,034 |
| Qualifying Distributions | $849,335 | $892,000 | $650,000 |
| Net Investment Income | $2,177,519 | $4,751,213 | $8,607,057 |
| Distributable Amount | $1,986,836 | $1,585,700 | $1,489,361 |
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
36 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Mark's School of Texas ($333,335), Texas Christian University ($272,000), Lafayette College ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FORT WORTH ECONOMIC DEVELOPMENT PARTNERSHIP FORT WORTH, TX | CHARITABLE CONTRIBUTION | $25,000 |
| HIGHLAND PARK PRESBYTERIAN CHURCH DALLAS, TX | CHARITABLE CONTRIBUTION | $25,000 |
| LAFAYETTE COLLEGE EASTON, PA | CHARITABLE CONTRIBUTION | $100,000 |
| MADISON VALLEY MEDICAL CENTER FOUNDATION ENNIS, MT | MEDICAL EQUIPMENT | $7,000 |
| PRINCETON UNIVERSITY ART MUSEUM PRINCETON, NJ | SCHOLARSHIP FUND | $25,000 |
| PROJECT HAND UP DESOTO, TX | CHARITABLE CONTRIBUTION | $25,000 |
| ST MARK'S SCHOOL OF TEXAS DALLAS, TX | ALUMNI FOUNDATION | $333,335 |
| TEXAS & SOUTHWESTERN CATTLE RAISERS FOUNDATION FORT WORTH, TX | CHARITABLE CONTRIBUTION | $10,000 |
| TEXAS CHRISTIAN UNIVERSITY FORT WORTH, TX | SCHOLARSHIP FUND | $272,000 |
| THE BIG GOOD FORT WORTH, TX | CHARITABLE CONTRIBUTION | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TERESA A KING | PRESIDENT | 1 | — |
| J LUTHER KING JR | VP, SEC, TREAS. | 1 | — |
| JOHN BRYAN KING | VICE PRESIDENT | 1 | — |
| MASON DANIEL KING | VICE PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Luther & Teresa King Family Foundation?
Luther & Teresa King Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FORT WORTH, TX. It holds $30.8M in total assets as of 2024.
How large is Luther & Teresa King Family Foundation?
As of 2024, Luther & Teresa King Family Foundation holds $30.8M in total assets with $2.4M in annual revenue. It awarded 11 grants totaling $849K in 2024.
Where does Luther & Teresa King Family Foundation operate?
Luther & Teresa King Family Foundation has awarded grants in Montana, New Jersey, Pennsylvania, Texas.
What size grants does Luther & Teresa King Family Foundation award?
In 2024, Luther & Teresa King Family Foundation awarded 11 grants totaling $849K — an average of about $77K per grant, based on its IRS Form 990 filings.
How much is Luther & Teresa King Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Luther & Teresa King Family Foundation reported a distributable amount of $2.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Luther & Teresa King Family Foundation's EIN?
Luther & Teresa King Family Foundation's EIN (Employer Identification Number) is 20-3781741. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Luther & Teresa King Family 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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