Perkins-Prothro Foundation
The Perkins-Prothro Foundation is a 501(c)(3) family foundation established in 1967 and based in Wichita Falls, Texas. The foundation operates as a grantmaking organization focused on supporting charitable causes across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$18.1M
+5.0% YoY
Annual Giving
$2.1M
-18.8% YoY
Grant Count
124
+18.1% YoY
Avg Grant Size
$17K
-31.2% YoY
Under IRS private-foundation payout rules, Perkins-Prothro Foundation reported a distributable amount of $1.7M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation provides giving primarily for:
- The arts
- Education
- Health
- Human services
- United Methodist churches
Grantmaking
The foundation maintains an active grantmaking program. As of the most recent tax filings, the foundation had total assets of $17.2 million (2023) and distributed $3.04 million in expenses during that fiscal year, with revenue of $2.79 million.
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Geographic Focus
Where this funder awards grants
The foundation is based in Wichita Falls, Texas and operates from its office at 2304 Midwestern Parkway, Suite 200, Wichita Falls, TX 76308-2334.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $17.2 million
- Total Expenses: $3.04 million
- Revenue: $2.79 million
- Total Liabilities: $0
The foundation has maintained tax-exempt status since December 1967 (EIN: 75-1247407).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $18,061,765 | $17,195,304 | $17,450,143 |
| Revenue | $3,476,701 | $2,785,529 | $2,917,035 |
| Expenses | $2,610,240 | $3,040,368 | $2,924,266 |
| Qualifying Distributions | $2,191,932 | $2,666,670 | $2,515,824 |
| Net Investment Income | $3,097,800 | $2,452,229 | $2,619,009 |
| Distributable Amount | $1,711,288 | $1,562,678 | $1,619,442 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hospice of Wichita Falls ($316,666), First United Methodist Church ($67,500), Cimarron Heritage Center ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Advance GCFA New York, NY | Hurricane Helene Relief | $500 |
| Air Force Villages Charitable Foundation San Antonio, TX | Air Force Village Employ Apprec Fund | $1,000 |
| Alf Engen Ski Museum Foundation Park City, UT | Contribution | $100 |
| Archer City Writers Workshop Wichita Falls, TX | Larry McMurtry Literary Center | $6,000 |
| Art from the Streets Austin, TX | Contribution | $6,000 |
| Arts Council Wichita Falls Area Inc Wichita Falls, TX | Membership | $250 |
| Arts Magnet Advisory Board Dallas, TX | Patron of the Arts Magnet PAM program | $4,000 |
| AT&T Performance Center Dallas, TX | 2024 Center Circle | $1,400 |
| AT&T Performance Center Dallas, TX | Diamond Level Annual Support | $6,666 |
| AT&T Performance Center Dallas, TX | 15th Anniversary event | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kathryn P Yeager | President | 40 | $48,000 |
| K Elizabeth Yeager | V-President/Secretary | 10 | $16,000 |
| Charlotte P Philbin | V-President | 10 | $6,000 |
| David H Prothro | Treasurer | 10 | — |
| James P Prothro | Director | 10 | $6,000 |
| Kathryn R Prothro | Director | 10 | $6,000 |
Contact Information
Telephone: 940-691-7770
Frequently Asked Questions
What does Perkins-Prothro Foundation fund?
The foundation provides giving primarily for: • The arts • Education • Health • Human services • United Methodist churches
How do I apply for a grant from Perkins-Prothro Foundation?
The foundation maintains an active grantmaking program. As of the most recent tax filings, the foundation had total assets of $17.2 million (2023) and distributed $3.04 million in expenses during that fiscal year, with revenue of $2.79 million.
Where does Perkins-Prothro Foundation make grants?
The foundation is based in Wichita Falls, Texas and operates from its office at 2304 Midwestern Parkway, Suite 200, Wichita Falls, TX 76308-2334.
What size grants does Perkins-Prothro Foundation award?
In 2024, Perkins-Prothro Foundation awarded 124 grants totaling $2.1M — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is Perkins-Prothro Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Perkins-Prothro Foundation reported a distributable amount of $1.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Perkins-Prothro Foundation's EIN?
Perkins-Prothro Foundation's EIN (Employer Identification Number) is 75-1247407. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Perkins-Prothro Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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