The Florence Foundation
The Florence Foundation is a private foundation based in Dallas, Texas, established in 1956 and granted tax-exempt status in March 1959. The foundation operates as a non-operating foundation with a focus on philanthropic giving to charitable, religious, educational, and scientific institutions.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.8M
-14.4% YoY
Annual Giving
$395K
-60.9% YoY
Grant Count
47
+74.1% YoY
Avg Grant Size
$8K
-77.5% YoY
Mission & Focus Areas
The foundation's primary purpose is giving for social causes, particularly:
- Assisting public charitable, religious, or educational institutions
- Promoting and aiding scientific research for the advancement of human knowledge
- Care of the sick, the aged, the needy, and the helpless
Recent grantmaking priorities include:
- Unrestricted general support
- Virtual museum education
- Therapeutic early childhood programs
- Transitional living support
- Homeless outreach
Grantmaking
Grant Range
approximately $8,000–$49,000 depending on year
Average Grant
approximately $8,000–$49,000 depending on year
Review Cycle
Prior to August 1 for the annual fall meeting
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Texas (primary focus)
- Hawaii
- California
- Virginia
Grantmaking reaches organizations across multiple states, with Texas and Hawaii being the primary beneficiary regions.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent (Fiscal Year Ending November 2025):
- Total assets: $1,795,171
- Total revenues: $155,980
- Total expenses: $470,798
- Number of employees: 0
Prior Year (Fiscal Year Ending November 2024):
- Total assets: $1,029,261
- Total revenues: $160,066
- Total expenses: $387,690
Historical Context:
- Total assets have fluctuated, ranging from approximately $1.0 million to $1.8 million in recent years
- Investment income and dividends are a primary revenue source
- Total grants and contributions reported at $0 in recent fiscal years, indicating the foundation operates primarily from existing assets
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,795,171 | $2,096,385 | $1,029,261 |
| Revenue | $155,980 | $2,118,935 | $160,066 |
| Expenses | $470,798 | $1,051,648 | $387,690 |
| Qualifying Distributions | $409,558 | $1,025,335 | $351,785 |
| Net Investment Income | $129,354 | $2,092,628 | $125,328 |
| Distributable Amount | $173,388 | $131,435 | $122,853 |
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
167 grants across all recorded years
Open Grants
1 open opportunity from The Florence Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Bank of America N.A.: Serving as Managing Director/Trustee (compensation: $33,875 as of April 2025)
- Sandra C. Florence: Board member (serves without compensation)
- Additional board members serve without compensation
The foundation is governed by 9 officers and trustees.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA N A | TRUSTEE | 1 | $34,594 |
| SANDRA C FLORENCE | FDN BOARD | 1 | — |
| PAUL W HARRIS | FDN BOARD | 1 | — |
| CORINNE ARONHALT | FDN BOARD | 1 | — |
| KATHERINE L FLORENCE | FDN BOARD | 1 | — |
| TERRY G PRICHETT | FDN BOARD | 1 | — |
| KATIE ROBBINS | FDN BOARD | 1 | — |
| DENISE A WICKLINE | CHAIRMAN | 1 | — |
| SHARON FLORENCE MCCANDLESS | FDN BOARD | 1 | — |
Contact Information
- Address: PO Box 653067, Dallas, TX 75265-3067
- Telephone: 888-866-3275 or (800) 357-7094
- Website: www.bankofamerica.com/philanthropic/foundation/
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Florence Foundation on Grantable?
- Assess strategic fit with your organization
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