The Granite Family Foundation Inc
The Granite Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDLAND, TX. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $19.9M in total assets. In 2024, it awarded 10 grants totaling $191K. Net investment income was $69K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$19.9M
+896.9% YoY
Annual Giving
$191K
Grant Count
10
Avg Grant Size
$19K
Under IRS private-foundation payout rules, The Granite Family Foundation Inc reported a distributable amount of $187K for 2024 — the minimum it must pay out in qualifying distributions.
About The Granite Family Foundation Inc
Based on IRS filings
The Granite Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDLAND, TX. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $19.9M in total assets. In 2024, it awarded 10 grants totaling $191K. Net investment income was $69K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $19,899,290 | $1,996,106 |
| Revenue | $18,096,648 | $1,996,106 |
| Expenses | $193,464 | — |
| Qualifying Distributions | $191,000 | — |
| Net Investment Income | $68,529 | — |
| Distributable Amount | $187,475 | $8,192 |
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
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Harvesters Ministries ($50,000), Midland Classical Academy ($30,000), Renew Life Church ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FAIR HAVENS MIDLAND, TX | GENERAL FUND | $7,000 |
| NORTHERN ARIZONA UNIVERSITY FOUNDAT FLAGSTAFF, AZ | GENERAL FUND | $25,000 |
| HARVESTERS MINISTRIES FORT MILL, SC | GENERAL FUND | $50,000 |
| TEXAS SCORECARD LEANDER, TX | GENERAL FUND | $25,000 |
| MIDLAND CLASSICAL ACADEMY MIDLAND, TX | GENERAL FUND | $30,000 |
| BEE WORLD COLORADO SPRINGS, CO | GENERAL FUND | $10,000 |
| WATCH PRAY MINISTRIES MIDLAND, TX | GENERAL FUND | $10,000 |
| RENEW LIFE CHURCH MIDLAND, TX | GENERAL FUND | $30,000 |
| HUMAN COALITION PLANO, TX | GENERAL FUND | $2,000 |
| FIRST LIBERTY INSTITUTE PLANO, TX | GENERAL FUND | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KENNETH J BEATTIE | Director | 0.5 | — |
| KELLY S BEATTIE | Director | 0.5 | — |
| JACK LEHMAN | Director | 0.5 | — |
| KAYLA N LEHMAN | President | 0.5 | — |
| PAXTON HEITING | Director | 0.5 | — |
| MAKENNA HEITING | Vice President | 0.5 | — |
| ALISSA BEATTIE | Treasurer | 0.5 | — |
| LEIA BEATTIE | Secretary | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Granite Family Foundation Inc?
The Granite Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDLAND, TX. It holds $19.9M in total assets as of 2024.
How large is The Granite Family Foundation Inc?
As of 2024, The Granite Family Foundation Inc holds $19.9M in total assets with $18.1M in annual revenue. It awarded 10 grants totaling $191K in 2024.
Where does The Granite Family Foundation Inc operate?
The Granite Family Foundation Inc has awarded grants in Arizona, Colorado, South Carolina, Texas.
What size grants does The Granite Family Foundation Inc award?
In 2024, The Granite Family Foundation Inc awarded 10 grants totaling $191K — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is The Granite Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Granite Family Foundation Inc reported a distributable amount of $187K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Granite Family Foundation Inc's EIN?
The Granite Family Foundation Inc's EIN (Employer Identification Number) is 93-4273061. IRS Form 990 filing data is available on this page for 2023–2024.
Explore Open Grants
Browse active grant opportunities in The Granite Family Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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