Mays Foundation

AMARILLO, TX EIN: 75-1213346 Website

The Mays Foundation is a private foundation based in Amarillo, Texas, designated as a 501(c)(3) organization. The foundation has been tax-exempt since September 1965. It operates as a grantmaking organization with limited staffing, primarily distributing funds to qualified public charities, religious institutions, and educational organizations.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$5.7M

+0.9% YoY

Annual Giving

$300K

-14.7% YoY

Grant Count

-12.1% YoY

Avg Grant Size

$6K

-3.0% YoY

Under IRS private-foundation payout rules, Mays Foundation reported a distributable amount of $375K for 2025 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation supports qualified public charities, religious organizations, and educational institutions. Primary funding areas include:

Educational programs and scholarships
Building and facility projects
Religious organizations and programs
Community initiatives

The foundation has a particular history of supporting Baylor University and other educational institutions.

Grantmaking

Grant Range

$2,500

Review Cycle

- Foundation is possibly open to applications from new applicants

How to Apply

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Geographic Focus

Where this funder awards grants

The foundation funds initiatives across multiple states including Texas, Arkansas, Hawaii, Idaho, Illinois, New Mexico, and Oklahoma. Primary geographic focus includes cities such as Amarillo, Austin, Chicago, and Honolulu.

Grant Distribution by State

Texas $1.6M (94%)

Hawaii $30K (2%)

New Mexico $25K (1%)

Oklahoma $20K (1%)

Idaho $12K (1%)

Arkansas $10K (1%)

Colorado $5K (0%)

Illinois $1K (0%)

States

Arkansas Colorado Hawaii Idaho Illinois New Mexico Oklahoma Texas

Cities

AmarilloAustinBoiseBroomfieldBushlandCanadianCanyonChicagoCollege StationDallasFt WorthHappyHonoluluIrvingLubbockMeridianOklahoma CityPlainviewRed RiverRussellville

Financial History

Multi-year comparison from IRS filings

Assets & Revenue (Fiscal Year Ending July 2025):

Total assets: $5.66 million
Total revenues: $583,935
Total expenses: $540,132
Investment income and dividends: $125,350
Miscellaneous revenues: $293,210

Recent Year Comparison (FY 2024):

Total assets: $5.61 million
Total revenues: $494,254
Total expenses: $565,628
Net income: -$71,374

The foundation maintains a modest annual budget relative to its asset base and distributes approximately $350,000 annually in grants.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$5,658,320	$5,607,381	$5,695,798
Revenue	$583,935	$494,254	$575,705
Expenses	$540,132	$565,628	$652,413
Qualifying Distributions	$301,550	$353,275	$406,350
Net Investment Income	$231,022	$200,215	$197,161
Distributable Amount	$375,092	$378,788	$366,145

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 2025

Grant Size Distribution

231 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Baylor University ($50,250), First Baptist Church ($27,000), Opportunity Plan ($16,000).

Recipient	Purpose	Amount
AMARILLO AREA FOUNDATION AMARILLO, TX	PROGRAMS	$500
AMARILLO CHILDREN'S HOME AMARILLO, TX	PRGRAMS	$7,500
AMARILLO PRAYER BREAKFAST AMARILLO, TX	PROGRAMS	$200
AMARILLO ROTARY WEST AMARILLO, TX	PROGRAMS	$500
AMARILLO SPCA AMARILLO, TX	PROGRAMS	$500
AMARILLO SYMPHONY AMARILLO, TX	PROGRAMS	$15,000
BAYLOR LINE FOUNDATION WACO, TX	PROGRAMS	$5,000
BAYLOR UNIVERSITY WACO, TX	BUILDING, SCHOLARSHIPS	$50,250
BUSHLAND PTO AMARILLO, TX	PROGRAMS	$750
COLORFUL CLOSETS AMARILLO, TX	PROGRAMS	$2,000

Leadership & Key People

Leadership team and compensation from IRS filings

Stacy Sharp – President (serves without compensation)
Randy Sharp – Secretary/Treasurer (serves without compensation)
Karra Hill – Vice President (serves without compensation)

All leadership positions are unpaid, volunteer roles.

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
KARRA HILL	VICE PRESIDENT	—	—
STACY SHARP	PRESIDENT	—	—
RANDY SHARP	SEC/TREAS	—	—

Frequently Asked Questions

What does Mays Foundation fund?

The foundation supports qualified public charities, religious organizations, and educational institutions. Primary funding areas include: • Educational programs and scholarships • Building and facility projects • Religious organizations and programs • Community initiatives The foundation has a particular history of supporting Baylor University and other educational institutions.

How do I apply for a grant from Mays Foundation?

**Grant Activity:** • Made 51 grants in the most recent fiscal year • Median grant size: $2,500 • Grant range: $200 to $50,000 • Recent grants include $50,250 to Baylor University for building and scholarships, $27,000 to First Baptist Church for buildings and programs, and $16,000 to The Opportunity Plan for scholarships **Application Process:** • Requests should be submitted in writing to the Director • No stated application deadlines • Foundation is possibly open to applications from new app…

Where does Mays Foundation make grants?

What size grants does Mays Foundation award?

In 2025, Mays Foundation awarded 51 grants totaling $300K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is Mays Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Mays Foundation reported a distributable amount of $375K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.