Mays Foundation
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
51
-12.1% YoY
Avg Grant Size
$6K
-3.0% YoY
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
Cities
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.
| 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
No grants recorded for .
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 | — | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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