Stephens Family Foundation
The Stephens Family Foundation is a private foundation based in Wichita Falls, Texas. It reported 24 grants totaling $600,000 in filing year 2025, with recipients including arts, education, health, and community organizations.
Stephens Family Foundation at a glance
In short: Stephens Family Foundation gave $600K across 24 grants in 2025 (avg $25K), mostly in Texas. 42% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $600,000
- +0.0% vs 2024
- Grants made (2025)
- 24
- +60.0% vs 2024
- Average grant
- $25,000
- -37.5% vs 2024
- Median grant
- $10,000
- Total assets
- $6,079,415
- +12.6% vs 2024
- New grantees (estimate)
- 42% first-time grantees (10 of 24, 2025; small sample)
- Primary geography
- Texas (85% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Stephens Family Foundation
- How to Apply
-
The foundation’s 2024 filing says it does not restrict giving to preselected organizations. It lists Thomas P. Stephens as the contact and says to request an application form. The filing lists no restrictions on awards.
- Review Cycle
- None listed.
- Deadline
- None listed.
- Contact
Application contact: Thomas P Stephens
Mailing address: 811 6Th Street, Wichita Falls, TX 76301
Phone: (940) 723-2166
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Stephens Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was MSU Foundation ($100K). Together the top 10 received $490K.
Grant Size Distribution
73 grants across all recorded years
The most common grant size was under $50K: 56 grants of 73 (77%).
Geographic Focus
Where this funder awards grants
In 2025, 85% of grant dollars went to recipients in Texas. The remaining reported shares went to Montana (3%), California (3%), Virginia (3%), and Georgia (2%).
Grant Distribution by State
Share of 2025 grant dollars across all 24 itemized grants.
Cities
Is Stephens Family Foundation open to new grantees?
42%
first-time grantees, 2025
In 2025, 10 of 24 grantees (42%) were first-time recipients. With only 24 grantees, that is a small sample: one grantee more or less moves the share by about 4 points. First grants averaged $27K; repeat grants $23K. How we count
Medians: $10K first-time, $11K repeat.
- 58% of 2025 grantees were also funded in 2024. Method
- Giving grew 184% from 2022 to 2025. Method
- In 2025 it paid out 211% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $111K (2019) to $610K (2023). In 2025 it made 24 grants totaling $600K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| MSU Foundation Wichita Falls, TX | General Operations | $100,000 |
| Young Life Wichita Falls, TX | General Operations | $70,000 |
| Alzheimer Association Wichita Falls, TX | General Operations | $61,225 |
| Saint Mark's Episcopal Church Irving, TX | General Operations | $61,225 |
| Dallas Opera Dallas, TX | General Operations | $60,000 |
| Dallas Symphony Association Dallas, TX | General Operations | $48,550 |
| Broadway Dallas Dallas, TX | General Operations | $30,000 |
| Dallas Symphony Association Dallas Symphony Orchestra League Dallas, TX | General Operations | $25,000 |
| Missoula International School Missoula, MT | General Operations | $20,000 |
| American Friends of Lacmus Festival Newport Beach, CA | General Operations | $13,787 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $6,079,415 | $1,291,935 | $609,591 | $600,000 | 24 | $601,462 | $442,792 | $285,268 |
| 2024 | $5,397,071 | $1,146,530 | $606,941 | $600,000 | 15 | $601,786 | $297,232 | $253,824 |
| 2023 | $4,857,482 | $1,007,745 | $615,855 | $610,000 | 16 | $611,540 | $158,382 | $235,615 |
| 2022 | $4,465,592 | $979,503 | $218,957 | $211,000 | 10 | $212,573 | $122,171 | $213,281 |
| 2021 | $3,705,046 | $964,327 | $164,028 | $160,000 | 8 | $161,425 | $107,837 | $168,675 |
| 2020 | $2,904,747 | $867,185 | $118,192 | $115,000 | 6 | — | $18,191 | $119,468 |
| 2019 | $2,155,754 | $1,592,986 | $114,682 | $110,500 | 7 | — | $5,501 | $64,121 |
Under IRS private-foundation payout rules, Stephens Family Foundation reported a distributable amount of $285K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No foundation mission statement is provided. Its grants show support for organizations with varied missions. For example, the Dallas Symphony Association says its mission is “to inspire and change lives through musical excellence,” while Missoula International School says it inspires global citizens and lifelong learners through bilingual education. The Wichita Falls Area Food Bank describes its mission as strengthening communities to fight hunger with food, education, and advocacy. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In filing year 2025, the foundation awarded 24 grants totaling $600,000. Grant amounts ranged from $2,500 to $100,000, with a median of $10,000.
The largest reported grants included $100,000 to MSU Foundation in Wichita Falls for general operations; $70,000 to Young Life in Wichita Falls for general operations; $61,225 to Alzheimer Association for general operations; $61,225 to Saint Mark’s Episcopal Church in Irving for general operations; and $60,000 to Dallas Opera for general operations. Other grants included $48,550 to Dallas Symphony Association and $30,000 to Broadway Dallas, both for general operations. The Dallas Symphony Association describes its mission as inspiring and changing lives through musical excellence; Broadway Dallas describes its mission as educating the public in music appreciation and fine arts, including through musical theater and other shows with educational value.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Thomas P. Stephens as president/director, Susan S. Geyer and Katherine S. Smethie as vice-presidents/directors, and Craig Lewis as secretary/treasurer.
Stephens Family Foundation is led by Thomas P. Stephens, President & Director on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Thomas P. Stephens
President & Director
On filings since 2019
No compensation reported
Katherine S. Smethie
Vice President & Director
On filings since 2019
No compensation reported
Susan S. Geyer
Vice President & Director
On filings since 2019
No compensation reported
Craig Lewis
Secretary & Treasurer
On filings since 2021
No compensation reported
Former officers (1)
- Former: Tia Turner (2019–2020) — Secretary & Treasurer
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Stephens Family Foundation
How much does Stephens Family Foundation give each year?
Stephens Family Foundation gave $600K across 24 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $600K across 15 grants.
What is Stephens Family Foundation's typical grant size?
Stephens Family Foundation's median grant in 2025 was $10,000, and its average grant was $25,000, across 24 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Stephens Family Foundation that year got $27K on average.
Where does Stephens Family Foundation give grants?
Stephens Family Foundation gives mostly in Texas: 85% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Dallas, TX (8 grants) and Wichita Falls, TX (4 grants).
Does Stephens Family Foundation give general operating support?
Yes: 100% of Stephens Family Foundation's 2025 grants with a stated purpose (24 of 24) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Stephens Family Foundation's largest grantees?
Stephens Family Foundation's largest 2025 grantees include MSU Foundation ($100,000), Young Life ($70,000) and Alzheimer Association ($61,225), according to its 2025 IRS Form 990-PF. Together they received 39% of its itemized 2025 grant dollars.
How large is Stephens Family Foundation?
Stephens Family Foundation reported $6.1M in total assets on its 2025 IRS Form 990-PF. It paid out $601K in qualifying distributions that year, against a required minimum of $285K (roughly 5% of its investment assets).
What does Stephens Family Foundation fund?
No foundation mission statement is provided. Its grants show support for organizations with varied missions. See mission & focus areas ↑
How do I apply for a grant from Stephens Family Foundation?
The foundation’s 2024 filing says it does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Stephens Family Foundation's EIN?
Stephens Family Foundation's EIN (Employer Identification Number) is 20-2784814. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS February 7, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 3, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 31, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 4, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 2, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
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Cite this profile
Grantable. (2026). Stephens Family Foundation funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/stephens-family-foundation-morg_90e8d94b32ba45b88cb7ea08ef815c42
BibTeX
@misc{grantable_202784814_2026,
author = {{Grantable}},
title = {{Stephens Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/stephens-family-foundation-morg_90e8d94b32ba45b88cb7ea08ef815c42},
note = {Accessed 2026-10-13. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Stephens Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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