The Billy & Patty Davis Foundation

Private foundation · Grantmaker Waco, TX EIN: 85-3997406

The Billy & Patty Davis Foundation is a private foundation focused on Religion Related, based in Waco, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.0M in total assets. In 2025, it awarded 1 grant totaling $75K. Net investment income was $131K.

Key facts about The Billy & Patty Davis Foundation

In short: The Billy & Patty Davis Foundation gave $75K across 1 grant in 2025 (avg $75K), mostly in Texas. Source: 2025 IRS Form 990-PF.

EIN
85-3997406
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$75,000
Grants made (2025)
1
Average grant
$75,000
Median grant
$75,000
Total assets
$1,967,794
Primary geography
Texas (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$2.0M

+2.9% YoY

Annual Giving

$75K

-40.0% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$75K

-40.0% YoY

Under IRS private-foundation payout rules, The Billy & Patty Davis Foundation reported a distributable amount of $95K for 2025 — the minimum it must pay out in qualifying distributions.

How The Billy & Patty Davis Foundation gives

  • Giving fell 40% from 2022 to 2025. Method
  • In 2025 it paid out 79% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of all 1 itemized 2025 grant dollars.

Cities

WacoAustinDallasEddyMarionSt. LouisWoodway

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K0 grants202011 grants20217 grants20222 grants20231 grants20241 grants2025

From 2021 to 2025, annual grant giving ranged from $75K (2025) to $131K (2023). In 2025 it made 1 grant totaling $75K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

Mission Waco: $75KMission Waco$75K

The largest 2025 recipient was Mission Waco ($75K).

Grant Size Distribution

22 grants across all recorded years

19<$50K1$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 19 grants of 22 (86%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Mission Waco Waco, TXGeneral Fund$75,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M202020212022202320242025
Metric202520242023
Total Assets$1,967,794$1,912,782$1,967,067
Revenue$170,912$82,219$23,509
Expenses$115,900$155,297$157,891
Qualifying Distributions$75,000$125,000$131,000
Net Investment Income$130,742$52,054$9,473
Distributable Amount$94,629$101,974$103,156

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS March 30, 2022)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS June 8, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS March 25, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS March 24, 2026)
  7. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

The Billy & Patty Davis Foundation is led by Billy Davis, President & Director on every filing since 2020; none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Billy Davis

    President & Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Kimberly McMillan

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Melissa Blue

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Patty Davis

    Secretary & Director

    On filings since 2020

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2025. "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 The Billy & Patty Davis Foundation

How much does The Billy & Patty Davis Foundation give each year?

The Billy & Patty Davis Foundation gave $75K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $125K across 1 grant.

How large is The Billy & Patty Davis Foundation?

The Billy & Patty Davis Foundation reported $2.0M in total assets on its 2025 IRS Form 990-PF. It paid out $75K in qualifying distributions that year, against a required minimum of $95K (roughly 5% of its investment assets).

What is The Billy & Patty Davis Foundation?

The Billy & Patty Davis Foundation is a private foundation focused on Religion Related, based in Waco, TX. It holds $2.0M in total assets as of 2025.

Where does The Billy & Patty Davis Foundation operate?

The Billy & Patty Davis Foundation has awarded grants in Indiana, Missouri, Texas.

What is The Billy & Patty Davis Foundation's EIN?

The Billy & Patty Davis Foundation's EIN (Employer Identification Number) is 85-3997406. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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