Pitts Family Foundation

Foundation · Grantmaker Midland, TX EIN: 92-1192313

Pitts Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Midland, TX. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $2.9M in total assets. In 2024, it awarded 6 grants totaling $109K. Net investment income was $440K.

Key facts about Pitts Family Foundation

In short: Pitts Family Foundation gave $109K across 6 grants in 2024 (avg $18K), mostly in Texas. Source: 2024 IRS Form 990-PF.

EIN: 92-1192313
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $109,000
Grants made (2024): 6
Average grant: $18,167
Median grant: $7,500
Total assets: $2,919,978
Primary geography: Texas (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Quick answers about Pitts Family Foundation

How much does Pitts Family Foundation give each year?

Pitts Family Foundation gave $109K across 6 grants in 2024, according to its 2024 IRS Form 990-PF.

What is Pitts Family Foundation's typical grant size?

Pitts Family Foundation's median grant in 2024 was $7,500, and its average grant was $18,167, across 6 grants on its 2024 IRS Form 990-PF.

Where does Pitts Family Foundation give grants?

Pitts Family Foundation gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Midland, TX (5 grants).

Does Pitts Family Foundation give general operating support?

Yes: 100% of Pitts Family Foundation's 2024 grants with a stated purpose (6 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Pitts Family Foundation's largest grantees?

Pitts Family Foundation's largest 2024 grantees include First Methodist Church ($75,000), Manor Park ($10,000) and Permian Basin FCA ($10,000), according to its 2024 IRS Form 990-PF. Together they received 87% of its itemized 2024 grant dollars.

How Pitts Family Foundation gives

In 2024 it paid out 101% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.9M

Annual Giving

$109K

Grant Count

Avg Grant Size

$18K

Under IRS private-foundation payout rules, Pitts Family Foundation reported a distributable amount of $108K for 2024 — the minimum it must pay out in qualifying distributions.

About Pitts Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $109K (100%)

Share of all 6 itemized 2024 grant dollars.

States

Texas

Cities

MidlandAustin

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2022
Total Assets	$2,919,978	$1,400,028
Revenue	$1,062,192	$1,400,028
Expenses	$117,250	—
Qualifying Distributions	$109,000	—
Net Investment Income	$439,742	$28
Distributable Amount	$107,733	—

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2022–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

6 grants across all recorded years

Giving History

Grant recipients and amounts by year

Recipient	Purpose	Amount
First Methodist Church Midland, TX	General Operations	$75,000
Manor Park Midland, TX	General Operations	$10,000
Permian Basin FCA Midland, TX	General Operations	$10,000
Reflection Ministries of Texas Midland, TX	General Operations	$5,000
Red River Ministries Austin, TX	General Operations	$5,000
Midland Children's Rehabilitation C Midland, TX	General Operations	$4,000

Leadership & Key People

Officers and directors from IRS filings

Pitts Family Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

Gregory S Pitts

Co-Trustee

President → Co-Trustee, 2024

On filings since 2022

2 hrs/week

No compensation reported
Amber Pitts Boothe

Co-Trustee

New on the 2024 filing

2 hrs/week

No compensation reported
Steven L Pitts

Co-Trustee

New on the 2024 filing

2 hrs/week

No compensation reported

Data from IRS Form 990 filings, 2022–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Pitts Family Foundation?

Pitts Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Midland, TX. It holds $2.9M in total assets as of 2024.

How large is Pitts Family Foundation?

As of 2024, Pitts Family Foundation holds $2.9M in total assets with $1.1M in annual revenue. It awarded 6 grants totaling $109K in 2024.

How much is Pitts Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Pitts Family Foundation reported a distributable amount of $108K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.