The Luke and Becky Corbett Foundation
The Luke and Becky Corbett Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EDMOND, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 13 grants totaling $307K. Net investment income was $231K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.3M
-1.8% YoY
Annual Giving
$307K
+0.5% YoY
Grant Count
13
+8.3% YoY
Avg Grant Size
$24K
-7.2% YoY
Under IRS private-foundation payout rules, The Luke and Becky Corbett Foundation reported a distributable amount of $319K for 2024 — the minimum it must pay out in qualifying distributions.
About The Luke and Becky Corbett Foundation
Based on IRS filings
The Luke and Becky Corbett Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EDMOND, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 13 grants totaling $307K. Net investment income was $231K.
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 | 2022 |
|---|---|---|---|
| Total Assets | $4,315,463 | $4,394,067 | $4,854,166 |
| Revenue | $261,339 | $-124,545 | $330,573 |
| Expenses | $340,124 | $335,660 | $389,022 |
| Qualifying Distributions | $306,500 | $305,000 | $351,750 |
| Net Investment Income | $230,925 | $3,627 | $297,435 |
| Distributable Amount | $319,317 | $301,821 | $306,435 |
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
58 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bethany Children Health Center ($100,000), Center of Family Love ($78,000), New Covenant United Methodist Church ($67,500).
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Central Oklahoma Oklahoma City, OK | GENERAL FUND | $30,000 |
| OKLAHOMA SPORT HALL OF FAME Oklahoma City, OK | GENERAL FUND | $1,000 |
| NEW COVENANT UNITED METHODIST CHURCH EDMOND, OK | GENERAL FUND | $67,500 |
| OKLAHOMA HALL OF FAME (FRIENDS OF MEDALLION) OKLAHOMA CITY, OK | GENERAL FUND | $2,500 |
| BETHANY CHILDREN HEALTH CENTER BETHANY, OK | GENERAL FUND | $100,000 |
| Hope Center of Edmond EDMOND, OK | GENERAL FUND | $5,000 |
| OKLAHOMA CITY POLICE FOUNDATION OKLAHOMA CITY, OK | GENERAL FUND | $1,500 |
| Center of Family Love Okarche, OK | GENERAL FUND | $78,000 |
| Last Frontier Council - BSOA Oklahoma City, OK | GENERAL FUND | $2,500 |
| NEIGHBORHOOD SERVICES ORGANIZATION Oklahoma City, OK | GENERAL FUND | $12,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LUCIUS CORBETT | PRESIDENT/BOARD MEMBER | — | — |
| SALLY REBECCA CORBETT | SECRETARY/BOARD MEMBER | — | — |
| CARRIE CORBETT LOXTON | BOARD MEMBER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Luke and Becky Corbett Foundation?
The Luke and Becky Corbett Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EDMOND, OK. It holds $4.3M in total assets as of 2024.
How large is The Luke and Becky Corbett Foundation?
As of 2024, The Luke and Becky Corbett Foundation holds $4.3M in total assets with $261K in annual revenue. It awarded 13 grants totaling $307K in 2024.
Where does The Luke and Becky Corbett Foundation operate?
The Luke and Becky Corbett Foundation has awarded grants in Georgia, Missouri, New York, Oklahoma, Texas.
What size grants does The Luke and Becky Corbett Foundation award?
In 2024, The Luke and Becky Corbett Foundation awarded 13 grants totaling $307K — an average of about $24K per grant, based on its IRS Form 990 filings.
How much is The Luke and Becky Corbett Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Luke and Becky Corbett Foundation reported a distributable amount of $319K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Luke and Becky Corbett Foundation's EIN?
The Luke and Becky Corbett Foundation's EIN (Employer Identification Number) is 20-5201343. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Luke and Becky Corbett Foundation'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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