SS Foundation

LUBBOCK, TX EIN: 26-3022597

SS Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LUBBOCK, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.6M in total assets. In 2024, it awarded 14 grants totaling $264K. Net investment income was $291K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.6M

+0.5% YoY

Annual Giving

$264K

-20.1% YoY

Grant Count

-6.7% YoY

Avg Grant Size

$19K

-14.4% YoY

Under IRS private-foundation payout rules, SS Foundation reported a distributable amount of $291K for 2024 — the minimum it must pay out in qualifying distributions.

About SS 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 $1.3M (93%)

Georgia $50K (4%)

Wyoming $26K (2%)

New Mexico $10K (1%)

North Carolina $5K (0%)

Illinois $2K (0%)

States

Georgia Illinois North Carolina New Mexico Texas Wyoming

Cities

AftonAlamogordoAlpineChicagoDallasEtnaIrvingLorenzoLubbockMariettaWacoWake Forest

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,642,960	$4,620,245	$4,593,584
Revenue	$332,621	$405,688	$205,770
Expenses	$309,906	$379,027	$169,321
Qualifying Distributions	$263,668	$330,109	$133,260
Net Investment Income	$291,495	$357,792	$177,011
Distributable Amount	$290,914	$261,912	$274,237

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

64 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include High Point Village ($85,668), Lubbock Symphony Orchestra ($40,000), Methodist Children's Home ($25,000).

Recipient	Purpose	Amount
Lubbock Symphony Orchestra Lubbock, TX	General	$40,000
Burkhart Center for Autism Lubbock, TX	General	$10,000
Lakeridge UMC Lubbock, TX	General	$10,000
High Point Village Lubbock, TX	General	$85,668
Texas Tech School of Music Lubbock, TX	General	$20,000
Methodist Children's Home Lubbock, TX	General	$25,000
Estacado Cemetary Assn Lorenzo, TX	General	$2,000
Applied Dynamics Initiative Alamogordo, NM	General	$10,000
Alpine Wyoming Auxilliary Alpine, WY	General	$5,000
West Texas Children's Chorus Lubbock, TX	General	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Samuel R Scheef	President	—	—
Carroll Leon	Vice President	—	—
David Scheef	Secretary	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is SS Foundation?

SS Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LUBBOCK, TX. It holds $4.6M in total assets as of 2024.

How large is SS Foundation?

As of 2024, SS Foundation holds $4.6M in total assets with $333K in annual revenue. It awarded 14 grants totaling $264K in 2024.

Where does SS Foundation operate?

SS Foundation has awarded grants in Georgia, Illinois, North Carolina, New Mexico, Texas, Wyoming.

What size grants does SS Foundation award?

In 2024, SS Foundation awarded 14 grants totaling $264K — an average of about $19K per grant, based on its IRS Form 990 filings.

How much is SS Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, SS Foundation reported a distributable amount of $291K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.