The Charles C Matthews Foundation
The Charles C Matthews Foundation is a family foundation based in Carthage, Texas. The organization is structured as a private foundation with a focus on benefiting local communities through philanthropic giving.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.7M
+1.4% YoY
Annual Giving
$711K
-1.5% YoY
Grant Count
18
-10.0% YoY
Avg Grant Size
$39K
+9.4% YoY
Mission & Focus Areas
The foundation's primary purpose is giving to benefit local communities. The foundation has demonstrated particular interest in education, including support for teacher preparation programs and educational institutions in the region.
Grantmaking
The foundation has made notable grants including:
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Geographic Focus
Where this funder awards grants
The foundation's giving is concentrated in the local Carthage and Panola County area of Texas, with a particular emphasis on supporting educational institutions and community organizations in this region.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $13,473,748
- Annual Giving: $721,826
- EIN: 75-2741045
- Tax-Exempt Status: Since April 1999
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,666,132 | $13,473,748 | $13,918,510 |
| Revenue | $1,323,608 | $747,368 | $705,313 |
| Expenses | $1,125,498 | $1,186,888 | $1,195,684 |
| Qualifying Distributions | $798,711 | $813,626 | $871,728 |
| Net Investment Income | $727,913 | $411,928 | $379,314 |
| Distributable Amount | $902,380 | $802,718 | $813,679 |
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
98 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT M UNDERWOOD | TRUSTEE | 10 | $65,000 |
| RICHARD BALLENGER | TRUSTEE | 7.5 | $65,000 |
| JIMMY D PAYNE | TRUSTEE | 2.5 | $65,000 |
| DAVID BUSH | TRUSTEE | 7.5 | $65,000 |
| VERMOYN D REEDER | TRUSTEE | 2.5 | $65,000 |
Recent News & Activity
Recent developments and announcements
The foundation established the Charles C. Matthews Foundation Teaching Scholarship at Panola College in anticipation of a partnership between Panola College and the University of Texas in Tyler. The scholarship supports students in the Associate of Arts in Teaching program, with preference given to students intending to pursue a baccalaureate teaching degree.
The Charles C. Matthews Foundation donates $100,000 to Carthage ISD EducationIn recent years, the foundation donated $100,000 to the Carthage ISD Education Foundation, demonstrating continued commitment to educational support in the local school district.
The Charles C. Matthews Foundation donates $100,000 to Carthage ISD EducationContact Information
Address: PO Box 1138, Carthage, TX 75633-7138
Telephone: 903-693-7837
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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