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
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
No grants recorded for .
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
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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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