The Estelle H Yates Foundation is a private independent foundation based in Artesia, New Mexico. Established in 2009 and designated as a 501(c)(3) organization, the foundation operates as a family foundation focused on philanthropic grantmaking and charitable activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
-56.6% YoY
Annual Giving
$2.7M
-1.9% YoY
Grant Count
12
-33.3% YoY
Avg Grant Size
$226K
+47.1% YoY
Under IRS private-foundation payout rules, The Estelle H Yates Foundation reported a distributable amount of $165K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's stated purpose is to provide funding to further its charitable purposes. Based on recent grantmaking activity, the foundation has demonstrated particular interest in:
- Cemetery improvements and renovations
- Education and curriculum enhancement
- Arts and cultural programming
- Early childhood development and learning centers
- Public safety infrastructure
- Community facilities and infrastructure projects
Grantmaking
The foundation is an active grantmaker with significant annual distribution levels. Recent grantmaking data shows:
Grant Range
**: Awards vary considerably, from smaller grants to major project funding
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Geographic Focus
Where this funder awards grants
The foundation primarily supports initiatives in New Mexico, with documented funding activity in cities including Artesia, Albuquerque, Roswell, Santa Fe, and Silver City. The foundation has also made grants in Baltimore, Maryland, and has supported work in Colorado and Texas.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $1,811,648
- Total Revenues: $422,189
- Total Expenses: $2,787,595
- Total Giving: $2,711,604
Prior Year Data (2023):
- Total Assets: $4,177,054
- Total Revenues: $357,182
- Total Expenses: $2,942,495
The foundation maintains an expense ratio significantly above 100%, indicating it distributes substantially more in grants annually than it receives in revenue, drawing on its asset base.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,811,648 | $4,177,054 | $6,762,367 |
| Revenue | $422,189 | $357,182 | $257,123 |
| Expenses | $2,787,595 | $2,942,495 | $1,313,861 |
| Qualifying Distributions | $2,774,119 | $2,925,088 | $1,267,993 |
| Net Investment Income | $410,239 | $339,775 | $230,407 |
| Distributable Amount | $164,783 | $301,057 | $392,418 |
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
56 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include City of Artesia ($1,453,512), Artesia Public Schools ($584,000), Artesia Arts Council ($233,528).
| Recipient | Purpose | Amount |
|---|---|---|
| Artesia Arts Council Artesia, NM | Operating & Theater Director's Salary | $233,528 |
| Artesia Public Schools Artesia, NM | Curriculum Enhancement | $584,000 |
| Assurance Home Inc Roswell, NM | Operating | $35,000 |
| City of Artesia Artesia, NM | Woodbine Cemetery renovations | $1,453,512 |
| City of Artesia Artesia, NM | Public Library event | $7,000 |
| Friends of Camp Mary White Inc Lubbock, TX | Camperships & camper safety | $30,000 |
| Creede Reperatory Theatre Inc Creede, CO | Young Audience Outreach Tour in Artesia, NM | $4,500 |
| Golden Apple Foundation of New Mexico Albuquerque, NM | Expansion of scholars program to Texas universities | $85,000 |
| Little Castle Learning & Development Center Artesia, NM | Operating | $93,750 |
| National Dance Insitute Santa Fe, NM | SENM residency Program | $65,914 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by trustees who serve without compensation:
- Peyton Yates
- Richard M Yates
- Peyton Yates Davis
The foundation is named after Estelle Hefler Yates (1918–2013), who was buried in Woodbine Cemetery in Artesia, New Mexico.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Peyton Yates | Trustee | 1 | — |
| Richard M Yates | Trustee | 1 | — |
| Peyton Yates Davis | Trustee | 1 | — |
Contact Information
- Address: PO Box 1020, Artesia, NM 88211-1020
- Telephone: 575-736-6702
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Estelle H Yates Foundation fund?
The foundation's stated purpose is to provide funding to further its charitable purposes. Based on recent grantmaking activity, the foundation has demonstrated particular interest in: • Cemetery improvements and renovations • Education and curriculum enhancement • Arts and cultural programming • Early childhood development and learning centers • Public safety infrastructure • Community facilities and infrastructure projects
How do I apply for a grant from The Estelle H Yates Foundation?
The foundation is an active grantmaker with significant annual distribution levels. Recent grantmaking data shows: • **2024 Activity**: 18 grants awarded totaling approximately $2.7 million • **2023 Activity**: Expenses of $2.94 million • **Grant Range**: Awards vary considerably, from smaller grants to major project funding • **Recent Recipients**: Grantees have included Artesia Public Schools, Artesia Arts Council, and Little Castle Learning and Development Center Notable recent grants includ…
Where does The Estelle H Yates Foundation make grants?
The foundation primarily supports initiatives in New Mexico, with documented funding activity in cities including Artesia, Albuquerque, Roswell, Santa Fe, and Silver City. The foundation has also made grants in Baltimore, Maryland, and has supported work in Colorado and Texas.
What size grants does The Estelle H Yates Foundation award?
In 2024, The Estelle H Yates Foundation awarded 12 grants totaling $2.7M — an average of about $226K per grant, based on its IRS Form 990 filings.
How much is The Estelle H Yates Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Estelle H Yates Foundation reported a distributable amount of $165K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Estelle H Yates Foundation's EIN?
The Estelle H Yates Foundation's EIN (Employer Identification Number) is 27-6185888. IRS Form 990 filing data is available on this page for 2019–2024.
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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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