Texas Capital Foundation is a private philanthropic organization based in Dallas, Texas, established in 2022 by Texas Capital Bancshares, Inc. (NASDAQ: TCBI). The foundation was created to expand and elevate the parent company's philanthropic giving across Texas communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.7M
-39.4% YoY
Annual Giving
$1.9M
-10.3% YoY
Grant Count
91
-9.9% YoY
Avg Grant Size
$21K
-0.4% YoY
Mission & Focus Areas
The foundation focuses on supporting nonprofit organizations addressing community needs across Texas. Its grantmaking aligns with three community impact pillars:
- Live – Supporting quality of life initiatives
- Learn – Education and workforce development
- Lift – Economic empowerment and community support
The foundation also maintains a dedicated focus on military service members, veterans, and their families through its STAR (Supporting our Troops, Active and Remembered) Award program.
Grantmaking
The foundation's signature grantmaking program features annual Honors Awards consisting of:
Grant Range
s & Patterns:**
Average Grant
$21,000
Review Cycle
are available on the Texas Capital Bank website.
How to Apply
**
Ready to take the next step with Texas Capital Foundation?
Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in Texas, with secondary grantmaking activity in California and Georgia. Grantmaking reaches organizations across six states, with Texas, California, and Georgia accounting for 97% of all grants.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $3,652,866
- Total revenues: $115,339
- Total expenses: $3,034,051
- Total giving: $2,483,854
Historical context: Total assets declined from $8 million in 2022 to $6 million in 2023, and further to $3.7 million by 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,652,866 | $6,024,432 | $8,000,000 |
| Revenue | $115,339 | $148,465 | $8,000,000 |
| Expenses | $3,034,051 | $3,794,387 | — |
| Qualifying Distributions | $2,483,854 | $2,121,833 | — |
| Net Investment Income | $115,339 | $148,465 | — |
| Distributable Amount | $234,398 | $347,671 | $20,510 |
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
100 grants across all recorded years
Open Grants
3 open opportunities from Texas Capital Foundation
Community Impact Grants
Texas Capital Foundation
Amount
Varies
Deadline
Rolling / Open
Education and Workforce Development Honors Award Grant
Texas Capital Foundation
Amount
US $50,000
Deadline
Rolling / Open
Housing Solutions Honors Award Grant
Texas Capital Foundation
Amount
US $50,000
Deadline
Rolling / Open
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 governed by an uncompensated board of directors:
- Josh Mayfield – Board Chairman
- Brian Maksymowicz – Board Treasurer
- Effie Dennison – Board Member
- Ricky Maldonado – Board Member
- Shannon Woods – Board Member
- Jody Zorn – Board Member
The foundation operates with limited paid staffing, relying on board members who each contribute approximately 2 hours per week.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Effie Dennison | Board Member | 2 | — |
| Brian Maksymowicz | Board Treasurer | 2 | — |
| Ricky Maldonado | Board Member | 2 | — |
| Josh Mayfield | Board Chairman | 2 | — |
| Shannon Woods | Board Member | 2 | — |
| Jody Zorn | Board Member | 2 | — |
Recent News & Activity
Recent developments and announcements
The Texas Capital Foundation announced its second annual Honors Awards in May 2024, distributing $250,000 to four Texas nonprofit organizations. Recipients included organizations addressing education, workforce development, women's health, and veteran services across the state.
Texas Capital Foundation Awards $250000 to Texas NonprofitsSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Texas Capital 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