The Callaway Foundation is a private, non-operating foundation established in 2002 and headquartered in Temple, Texas. The organization operates as a family foundation with a focus on educational scholarships and grantmaking.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.9M
-1.0% YoY
Annual Giving
$531K
-0.9% YoY
Grant Count
25
+0.0% YoY
Avg Grant Size
$21K
-0.9% YoY
Under IRS private-foundation payout rules, The Callaway Foundation reported a distributable amount of $591K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary purpose centers on the sale of investment securities to support its grantmaking activities. Its funding priorities emphasize scholarships for education, with a particular focus on supporting higher education institutions.
Grantmaking
The foundation made 16 grants in 2024 with total giving of $531,422. Grant awards typically range from $1,000 to $120,650.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Texas, with some activity in Washington and Oklahoma.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $11,882,277
- Total Revenues: $493,288
- Total Expenses: $657,840
- Investment Income and Dividends: $428,462
- Net Gain from Sale of Non-Inventory Assets: $64,826
As of December 2023:
- Investment Income and Dividends: $404,666
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,882,277 | $12,004,021 | $11,674,995 |
| Revenue | $493,288 | $976,786 | $549,163 |
| Expenses | $657,840 | $652,383 | $617,252 |
| Qualifying Distributions | $558,903 | $566,719 | $526,198 |
| Net Investment Income | $406,826 | $897,492 | $458,253 |
| Distributable Amount | $591,337 | $537,740 | $570,060 |
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
107 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Temple College ($120,650), Texas A&m University ($57,398), The University of Mary Hardin-baylor ($45,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BAYLOR UNIVERSITY WACO, TX | SCHOLARSHIPS FOR EDUCATION | $25,000 |
| CHARLES & SUE SCHOOL OF HAIR BRYAN, TX | SCHOLARSHIPS FOR EDUCATION | $3,225 |
| DALLAS BAPTIST UNIVERSITY DALLAS, TX | SCHOLARSHIPS FOR EDUCATION | $15,000 |
| EAST TEXAS BAPTIST UNIVERSITY MARSHALL, TX | SCHOLARSHIPS FOR EDUCATION | $15,000 |
| KILGORE COLLEGE KILGORE, TX | SCHOLARSHIPS FOR EDUCATION | $1,000 |
| LOUISIANA STATE UNIVERISTY BATON ROUGE, LA | SCHOLARSHIPS FOR EDUCATION | $2,450 |
| MCLENNAN COMMUNITY COLLEGE WACO, TX | SCHOLARSHIPS FOR EDUCATION | $1,650 |
| SAM HOUSTON STATE UNIVERSITY HUNTSVILLE, TX | SCHOLARSHIPS FOR EDUCATION | $1,525 |
| ST EDWARDS UNIVERSITY AUSTIN, TX | SCHOLARSHIPS FOR EDUCATION | $25,000 |
| TARLETON STATE UNIVERSITY STEPHENVILLE, TX | SCHOLARSHIPS FOR EDUCATION | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEVIN J KOCH | TRUSTEE | 15 | $38,000 |
Contact Information
Address: 605 W Park Ave, Temple, TX 76501-1641
Telephone: 254-760-4756
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Callaway Foundation fund?
The foundation's primary purpose centers on the sale of investment securities to support its grantmaking activities. Its funding priorities emphasize scholarships for education, with a particular focus on supporting higher education institutions.
How do I apply for a grant from The Callaway Foundation?
The foundation made 16 grants in 2024 with total giving of $531,422. Grant awards typically range from $1,000 to $120,650. Recent scholarship recipients include: • University of Mary Hardin-Baylor (UMHB): $45,000 • Texas A&M Foundation: $35,000 • Baylor University: $25,000 The foundation has also provided support to the Temple Education Foundation, gifting $40,000 in 2020 for scholarships.
Where does The Callaway Foundation make grants?
The foundation primarily funds organizations in Texas, with some activity in Washington and Oklahoma.
What size grants does The Callaway Foundation award?
In 2024, The Callaway Foundation awarded 25 grants totaling $531K — an average of about $21K per grant, based on its IRS Form 990 filings.
How much is The Callaway Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Callaway Foundation reported a distributable amount of $591K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Callaway Foundation's EIN?
The Callaway Foundation's EIN (Employer Identification Number) is 33-1010957. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in The Callaway Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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