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.
Ready to take the next step with Perkins-Prothro Foundation?
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
Similar Funders
Funders that support many of the same organizations
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
Communities Foundation of Texas Inc
DALLAS, TX
Assets
$1.0B
Grants
2,182
Total Given
$143.6M
The Dallas Foundation
DALLAS, TX
Assets
$491.5M
Grants
788
Total Given
$87.3M
Texas Instruments Foundation
DALLAS, TX
Assets
$73.0M
Grants
4,484
Total Given
$22.6M
The Blackbaud Giving Fund
CHARLESTON SC, SC
Assets
$52.7M
Grants
1,860
Total Given
$41.4M
The Ayco Charitable Foundation
COHOES, NY
Assets
$1.2B
Grants
4,719
Total Given
$287.7M
Charities Aid Foundation America
ALEXANDRIA, VA
Assets
$444.9M
Grants
10,157
Total Given
$466.3M
Jpmorgan Chase Foundation
NEW YORK, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
Verizon Foundation
BASKING RIDGE, NJ
Assets
$23.8M
Grants
5,464
Total Given
$7.0M
Gs Donor Advised Philanthropy Fund
NEW YORK, NY
Assets
$12.7B
Grants
7,424
Total Given
$3.0B
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Perkins-Prothro Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities