The ML Shanor Foundation
The ML Shanor Foundation is a private foundation, based in Wichita Falls, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.2M in total assets. In 2025, it made $572K in qualifying distributions. Net investment income was $244K.
The ML Shanor Foundation at a glance
- Total assets
- $2,242,665
- -0.6% vs 2024
- Revenue (2025)
- $569,123
- -20.7% vs 2024
- Qualifying distributions (2025)
- $571,844
- -22.5% vs 2024
- Expenses (2025)
- $583,341
- -21.8% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The ML Shanor Foundation funds
How this funder distributes its grants
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 4 grants of 8 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How The ML Shanor Foundation gives
- Giving grew 66% from 2019 to 2022. Method
- In 2025 it paid out 120% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2022, annual grant giving ranged from $371K (2020) to $777K (2022). In 2022 it made 4 grants totaling $777K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Statement 9 Various Towns, TX | College | $575,500 |
| Vernon Boys & Girls Clubs Vernon, TX | Summer Program | $188,430 |
| MSU Student Ambassadors Wichita Falls, TX | School Programs | $8,000 |
| Wfisd Back to School Project Wichita Falls, TX | School Program | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,242,665 | $569,123 | $583,341 | — | — | $571,844 | $243,646 | $477,258 |
| 2024 | $2,256,736 | $717,413 | $746,243 | — | — | $738,240 | $230,838 | $623,098 |
| 2023 | $2,285,566 | $661,749 | $775,723 | — | — | $768,080 | $220,494 | $610,095 |
| 2022 | $2,399,540 | $513,557 | $832,477 | $776,930 | 4 | $781,713 | $199,366 | $695,161 |
| 2021 | $2,718,460 | $326,623 | $444,818 | $391,631 | 4 | $406,507 | $155,924 | $612,043 |
| 2020 | $2,836,655 | $278,578 | $421,676 | $370,500 | 1 | — | $147,153 | $474,309 |
| 2019 | $2,984,054 | $276,300 | $522,200 | $466,900 | 4 | — | $139,808 | $434,464 |
Under IRS private-foundation payout rules, The ML Shanor Foundation reported a distributable amount of $477K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The ML Shanor Foundation is led by FW Jarratt, President since 2020 (on filings since 2019); all 4 officers listed in 2025 are compensated.
Officers on the 2025 filing
FW Jarratt
President
Manager → President, 2020
On filings since 2019
20 hrs/week
$36K (2019) → $36K (2025)
Alan J Freeman
Director
On filings since 2019
1 hr/week
$1K (2019) → $1K (2025)
Gregory Ross
Director
On filings since 2019
1 hr/week
$1K (2019) → $1K (2025)
M R Klappenbach
Director
On filings since 2019
1 hr/week
$1K (2019) → $1K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $36K, to FW Jarratt (President). 4 officers or directors reported compensation on that filing.
Frequently asked questions about The ML Shanor Foundation
How large is The ML Shanor Foundation?
The ML Shanor Foundation reported $2.2M in total assets on its 2025 IRS Form 990-PF. It paid out $572K in qualifying distributions that year, against a required minimum of $477K (roughly 5% of its investment assets).
Where does The ML Shanor Foundation operate?
The ML Shanor Foundation has awarded grants in Texas.
What is The ML Shanor Foundation's EIN?
The ML Shanor Foundation's EIN (Employer Identification Number) is 75-6012834. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 5, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 18, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 11, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 18, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 2, 2026)
- IRS filings on file for fiscal years 2019–2025
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Figures come from The ML Shanor Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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