The Carmage and Martha Ann Walls Foundation is a private foundation based in Houston, Texas. The foundation has been tax-exempt since October 2000 and operates as a grantmaking organization supporting various charitable causes.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$5.9M
+5.2% YoY
Annual Giving
$280K
+13.1% YoY
Grant Count
24
+9.1% YoY
Avg Grant Size
$12K
+3.7% YoY
Mission & Focus Areas
The foundation's primary focus area is cancer research, as indicated by its NTEE classification. The foundation has not publicly provided a detailed mission statement through available sources.
Grantmaking
Based on the most recent IRS Form 990 filing (2023), the foundation reported:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Texas, with documented grants to recipients in:
- Galveston County
- Guadalupe County
- Lufkin area
- Houston area
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets (2023): $5,363,267
- Total Giving (2023): $286,000
- Foundation Address: 5701 Woodway Drive, Suite 131, Houston, TX 77057
- EIN: 76-0031815
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,877,178 | $5,587,411 | $5,363,267 |
| Revenue | $480,196 | $320,264 | $125,832 |
| Expenses | $363,147 | $323,010 | $363,219 |
| Qualifying Distributions | $280,000 | $247,500 | $286,000 |
| Net Investment Income | $397,049 | $244,754 | $49,776 |
| Distributable Amount | $276,959 | $266,385 | $257,955 |
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 2025
Grant Size Distribution
122 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
Martha Ann Walls was associated with the foundation as a newspaper operator. She passed away in Houston in December 2014.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LISSA W WALLS | TRUSTEE/PRESIDENT | — | — |
| RANDOLPH C TILLOTSON | TRUSTEE | — | — |
| JOHN R ALLENDER | TRUSTEE/SECRETARY | — | — |
| RUBY BARROW | TREASURER | — | — |
Recent News & Activity
Recent developments and announcements
The foundation has made grants to various local organizations, including:
Daily News, Walls Foundation donate $10,000 to local organizations | Local$10,000 donations to local organizations in partnership with the Daily News
Daily News, Walls Foundation donate $10,000 to local organizations | Local$10,000 grant to Guadalupe County 4-H
Gazette presents $10,000 Walls Foundation grant to Guadalupe County 4HFunding to Kurth Memorial Animal Services
Kurth Memorial Animal Services receives funds from Carmage and Martha AnnThe foundation also sponsors the Carmage Walls Commentary Awards, announced at the Senior Leadership Conference.
Daily News, Walls Foundation donate $10,000 to local organizations | LocalSubject 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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