McGlothlin Foundation
McGlothlin Foundation is a private foundation, based in ABILENE, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.9M in total assets. In 2024, it awarded 2 grants totaling $11K. Net investment income was $116K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.9M
+9558.3% YoY
Annual Giving
$11K
Grant Count
2
Avg Grant Size
$5K
Under IRS private-foundation payout rules, McGlothlin Foundation reported a distributable amount of $95K for 2024 — the minimum it must pay out in qualifying distributions.
About McGlothlin Foundation
Based on IRS filings
McGlothlin Foundation is a private foundation, based in ABILENE, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.9M in total assets. In 2024, it awarded 2 grants totaling $11K. Net investment income was $116K.
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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 | $3,868,903 | $40,058 | $52,325 |
| Revenue | $116,286 | $-5,686 | $207 |
| Expenses | $39,295 | $6,581 | $14,568 |
| Qualifying Distributions | $10,600 | — | $13,000 |
| Net Investment Income | $116,226 | $19,668 | $479 |
| Distributable Amount | $94,642 | $2,002 | $2,924 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Pregnancy Resources ($10,000), Christian Homes ($600).
| Recipient | Purpose | Amount |
|---|---|---|
| PREGNANCY RESOURCES ABILENE, TX | NON-PROFIT RELIGIOUS | $10,000 |
| CHRISTIAN HOMES ABILENE, TX | NON-PROFIT RELIGIOUS | $600 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ERIC OLIVER | PRESIDENT, DIRECTOR | — | — |
| COLE OLIVER | VP/SECRETARY/DIRECTOR | — | — |
| MELINDA WILSON | Treasurer | — | — |
| KARYN MCGLOTHLIN HENLEY | DIRECTOR | — | — |
| NITA MCGLOTHLIN RAMPEY | DIRECTOR | — | — |
| CARYL MCGLOTHLIN PARKER | DIRECTOR | — | — |
| DANNA MCGLOTHLIN OLIVER | DIRECTOR | — | — |
| RALPH D HENLEY | DIRECTOR | — | — |
| TIM S RAMPEY | DIRECTOR | — | — |
| SCOTT F PARKER | DIRECTOR | — | — |
Frequently Asked Questions
How large is McGlothlin Foundation?
As of 2024, McGlothlin Foundation holds $3.9M in total assets with $116K in annual revenue. It awarded 2 grants totaling $11K in 2024.
Where does McGlothlin Foundation operate?
McGlothlin Foundation has awarded grants in Texas.
What size grants does McGlothlin Foundation award?
In 2024, McGlothlin Foundation awarded 2 grants totaling $11K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is McGlothlin Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, McGlothlin Foundation reported a distributable amount of $95K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is McGlothlin Foundation's EIN?
McGlothlin Foundation's EIN (Employer Identification Number) is 75-6061282. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in McGlothlin 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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