The Fentress Foundation

WACO, TX EIN: 74-6048267

The Fentress Foundation is a private foundation, based in WACO, TX. IRS filing data is available from 2020 through 2022. In 2022, it awarded 5 grants totaling $3.3M. Net investment income was $1.2M.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$3.3M

+1351.0% YoY

Grant Count

-68.8% YoY

Avg Grant Size

$657K

+4543.1% YoY

Under IRS private-foundation payout rules, The Fentress Foundation reported a distributable amount of $26K for 2022 — the minimum it must pay out in qualifying distributions.

About The Fentress Foundation

Based on IRS filings

The Fentress Foundation is a private foundation, based in WACO, TX. IRS filing data is available from 2020 through 2022. In 2022, it awarded 5 grants totaling $3.3M. Net investment income was $1.2M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $3.0M (72%)

Florida $1.1M (26%)

Pennsylvania $65K (2%)

Michigan $1K (0%)

States

Florida Michigan Pennsylvania Texas

Cities

AustinJacksonJacksonvilleKerrvilleOrlandoPhiladelphiaWacoWichita Falls

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022	2021	2020
Total Assets	—	$2,174,761	$2,173,346
Revenue	$1,218,998	$299,157	$280,535
Expenses	$3,393,759	$297,742	$716,270
Qualifying Distributions	$3,285,000	—	—
Net Investment Income	$1,218,998	$299,157	$280,535
Distributable Amount	$26,048	$154,929	$153,270

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2022

Grant Size Distribution

39 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include Community Foundation of the Texas Hill Country ($1,080,000), Schwab Charitable ($1,080,000), Waco Foundation ($1,080,000).

Recipient	Purpose	Amount
Columbus Avenue Baptist Church Waco, TX	Operational support	$30,000
Community Foundation of the Texas Hill Country Kerrville, TX	Establish the Fentress-Cummings Initiative Fund	$1,080,000
Historic Waco Foundation Waco, TX	Operational support	$15,000
Schwab Charitable Orlando, FL	Establish the Laurie Humphreys Charitable Fund	$1,080,000
Waco Foundation Waco, TX	Establish the Edward Lee Humphreys IV Fund	$1,080,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

Name	Title	Hours	Compensation
Corky Cummings	Pres/Sec/Treas	—	—
Sierra Grande	Investment Manager	5	—

Frequently Asked Questions

Where does The Fentress Foundation operate?

The Fentress Foundation has awarded grants in Florida, Michigan, Pennsylvania, Texas.

What size grants does The Fentress Foundation award?

In 2022, The Fentress Foundation awarded 5 grants totaling $3.3M — an average of about $657K per grant, based on its IRS Form 990 filings.

How much is The Fentress Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, The Fentress Foundation reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.