The Henry Foundation is a private grantmaking foundation established in 2007 and based in Midland, Texas. As a 501(c)(3) organization, the foundation focuses on improving quality of life for residents of Midland through strategic philanthropic giving.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$740K
+10.8% YoY
Annual Giving
$2.8M
-5.5% YoY
Grant Count
78
-10.3% YoY
Avg Grant Size
$36K
+5.4% YoY
Mission & Focus Areas
Mission: "Focusing Resources to Change Lives."
The foundation's core objectives are:
- To make Midland a better place by supporting quality of life for all community residents
- To identify key projects to address community focus and direction
- To collaborate and partner with other nonprofit organizations to address issues that impede quality of life for residents
- To invite other foundations and community groups to join in thoughtful giving that addresses root causes rather than temporary solutions
Primary Funding Areas:
- Education ($9.95 million in grants)
- Human Services ($9.5 million in grants)
- Health ($7.35 million in grants)
- Public Benefit ($3.83 million in grants)
- Youth Development ($2.86 million in grants)
Grantmaking
The foundation made 144 grants in 2023.
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Texas, with some grants extending to Colorado and Tennessee. The primary focus is on improving quality of life for Midland, Texas residents.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2023:
- Total Assets: $667,441
- Total Revenues: $2,701,688
- Total Expenses: $3,356,568
- Total Grants and Contributions: $2,685,204
- Investment Income and Dividends: $16,484
- Total Liabilities: $504
As of December 2022:
- Total Grants and Contributions: $3,200,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $739,794 | $667,441 | $1,322,276 |
| Revenue | $3,132,740 | $2,701,688 | $3,202,492 |
| Expenses | $3,059,248 | $3,356,568 | $2,885,506 |
| Qualifying Distributions | $2,776,184 | $2,937,574 | $2,457,000 |
| Net Investment Income | $19,540 | $16,434 | $2,492 |
| Distributable Amount | $47,606 | $42,121 | $47,568 |
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
250 grants across all recorded years
Open Grants
1 open opportunity from The Henry Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Trustees:
- James C Henry
- Paula A Henry
- Steve Pruett
The foundation has 2 employees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Steven Castle | Director | 1 | — |
| Paula A Henry | President | 1 | — |
| Steve Pruett | Vice Pres | 1 | — |
| Ronald D Scott | Vice Pres. | 1 | — |
| Michel Curry | Sec/Treas | 1 | — |
| Stan Jacobs | Director | 1 | — |
Contact Information
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Henry Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
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