Terry & Kelly Crofoot Foundation
The Terry & Kelly Crofoot Foundation is a private foundation based in Lubbock, Texas, established in 2017. It operates as a 501(c)(3) organization with a focus on philanthropic giving across multiple states and issue areas.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1K
-100.0% YoY
Annual Giving
$6.0M
+2911.1% YoY
Grant Count
14
-6.7% YoY
Avg Grant Size
$428K
+3126.1% YoY
Mission & Focus Areas
The foundation's grantmaking priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Assisted therapy programs
- Epilepsy research
The foundation's commitment to epilepsy research and support stems from personal experience—when Terry and Kelly Crofoot's son was diagnosed with epilepsy, their search for answers evolved into a broader mission to ensure families can access lifesaving treatment. This personal journey has shaped their philanthropic legacy and commitment to transforming care in their community.
Grantmaking
The foundation funds projects across multiple U.S. states and cities, including major metropolitan areas such as New York, San Francisco, and Dallas.
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Geographic Focus
Where this funder awards grants
Primary funding states include:
- Texas
- Kansas
- Maine
- California
- Florida
- New York
- Virginia
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total assets: $1,000
- Total revenues: $187,194
- Total expenses: $6,026,743
Alternative Financial Data (from other sources):
- Assets reported as approximately $5.18 million
- Annual expenses: $229,973
- Annual revenue: $527,340
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,000 | $5,184,399 | $4,887,032 |
| Revenue | $187,194 | $527,340 | $337,671 |
| Expenses | $6,026,743 | $229,973 | $202,401 |
| Qualifying Distributions | $6,002,134 | $200,840 | $169,937 |
| Net Investment Income | $153,999 | $172,343 | $312,538 |
| Distributable Amount | $170,134 | $208,208 | $205,444 |
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
65 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by trustees who serve without compensation:
- Terry Crofoot
- Kelly Crofoot
- Jordan Stegemoeller
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TERRY CROFOOT | TRUSTEE | 1 | — |
| KELLY CROFOOT | TRUSTEE | 0.1 | — |
| JORDAN STEGEMOELLER | TRUSTEE | 0.1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has demonstrated significant commitment to epilepsy research and neurological care. Their generosity has directly impacted healthcare institutions, ensuring families in their region can access specialized treatment for conditions like epilepsy without traveling far from home. The foundation's support has helped transform care delivery at major health systems in their community.
Subject Areas
Focus areas based on grantmaking activity
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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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