The Addy Foundation is a private independent foundation established in 2015 by William and Lydia Addy. Based in Dallas, Texas, the foundation serves as a legacy vehicle to continue the founders' long history of philanthropy and volunteerism in North Texas. The foundation operates as a non-operating private foundation with a mission to provide meaningful support to organizations fostering innovative and proven solutions that serve those in need.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$12.2M
-7.5% YoY
Grant Count
94
+23.7% YoY
Avg Grant Size
$130K
-25.2% YoY
Mission & Focus Areas
The Addy Foundation's mission is "to provide timely, meaningful support to organizations fostering innovative and proven solutions that best serve those in need."
The foundation distributes grants across five strategic investment areas:
- Civic and Community Engagement — Community development and civic engagement initiatives
- Education — Youth education and K-12 schools
- Health — Community health programs
- Culture and Arts Education — Arts and culture programming with youth education components
- Social Services — General purpose social services
Grantmaking
In 2023, the foundation made 55 to 76 grants totaling approximately $13.2 million. Notable 2023 grants included:
Grant Range
** $104 to $5,000,000
Review Cycle
February 1, May 1, August 1, and November 1. The foundation requires periodic written reports as part of grant distributions.
Invitation Only
** The foundation operates through an invitation-only grant portal with quarterly submission deadlines: February 1, May 1, August 1, and November 1. The foundation requires periodic written reports as part of grant distributions.
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Geographic Focus
Where this funder awards grants
The foundation primarily serves the North Texas region, with particular emphasis on Dallas. Grantmaking is concentrated in Texas, though the foundation has supported organizations across eight states. Texas, New Jersey, and Massachusetts account for approximately 94% of all grants. The foundation has supported 112 unique organizations.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $93,400,403
- Total Revenues: $12,282,896
- Total Expenses: $13,812,579
- Total Giving: $13,180,415 to $13,516,006
- Giving Rate: 15.7%
Revenue Breakdown (2023):
- Grants and contributions: $10,000,000
- Investment income and dividends: $1,888,314
- Net gain from sale of non-inventory assets: $394,582
Historical Growth:
- 2020: $7.2 million in annual giving
- 2021: $7.8 million in annual giving
- 2022: $29.1 million in annual giving
- 2023: $13.2 million in annual giving
Assets have grown from $15,000 in 2014 to $93.4 million in 2023.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
250 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
- William M Addy — Director, Vice President, Secretary (1 hour per week)
- Lydia B Addy — Director, Vice President (1 hour per week)
- Benjamin J Leal — Director, President, Treasurer (40 hours per week); Compensation: $308,542
- Sarah Scholl — Secretary (6 hours per week)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM M ADDY | DIRECTOR, VICE PRESIDENT, SECRETARY, | 1 | — |
| LYDIA B ADDY | DIRECTOR, VICE PRESIDENT | 1 | — |
| BENJAMIN J LEAL | DIRECTOR, PRESIDENT, TREASURER | 40 | $335,538 |
| SARAH SCHOLL | SECRETARY | 6 | — |
Recent News & Activity
Recent developments and announcements
**2025:** The Addy Foundation announced a $15 million commitment to KERA (North Texas Public Broadcasting) to support a capital campaign and new headquarters, which will be named after the foundation.
The Addy Foundation to award over $3.5 million in 2026 \u2013 Dallas Fort\**2024:** The foundation made a $5 million gift to The Loop Dallas Plaza.
The Addy Foundation to award over $3.5 million in 2026 \u2013 Dallas Fort\**2026:** The foundation approved over $3.5 million in grants during its final meeting of the year.
The Addy Foundation to award over $3.5 million in 2026 \u2013 Dallas Fort\Contact Information
Address: 3232 McKinney Avenue, Suite 1500, Dallas, TX 75204-7402
Phone: 214-303-4900
Email: BLeal@AddyFoundation.org
Website: addyfoundation.org
EIN: 47-2607515
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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