The T Boone Pickens Foundation
The T Boone Pickens Foundation is a private foundation, based in Flower Mound, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.4M in total assets. In 2024, it awarded 3 grants totaling $77.8M. Net investment income was $5.2M.
The T Boone Pickens Foundation at a glance
In short: The T Boone Pickens Foundation gave $77.8M across 3 grants in 2024 (avg $25.9M), mostly in Oklahoma. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $77,786,669
- -31.1% vs 2023
- Grants made (2024)
- 3
- -62.5% vs 2023
- Average grant
- $25,928,890
- +83.7% vs 2023
- Median grant
- $12,500,000
- Total assets
- $7,377,368
- -91.1% vs 2023
- Primary geography
- Oklahoma (84% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The T Boone Pickens Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Oklahoma State University Foundation ($60.9M). Together the top 3 received $77.8M.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was $5M or more: 6 grants of 12 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How The T Boone Pickens Foundation gives
- In 2024 it paid out well above 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 2022 to 2024, annual grant giving ranged from $50K (2022) to $112.9M (2023). In 2024 it made 3 grants totaling $77.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Oklahoma State University Foundation Stillwater, OK | Education | $60,860,000 |
| The Governors of the University of Calgary | Education | $12,500,000 |
| Oklahoma State University Stillwater, OK | Education | $4,426,669 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $7,377,368 | $6,293,068 | $81,478,424 | $77,786,669 | 3 | $80,417,040 | $5,231,684 | $3,591,543 |
| 2023 | $82,761,091 | $197,442,143 | $115,976,737 | $112,946,219 | 8 | $114,359,624 | $2,247,688 | $3,305,445 |
| 2022 | $785,886 | $3,802 | $78,270 | $50,000 | 1 | $64,135 | — | $41,069 |
| 2021 | $860,354 | $1,144 | $22,995 | — | — | $11,497 | — | $42,961 |
| 2020 | $882,205 | $3,641 | $30,233 | — | — | — | — | $44,182 |
Under IRS private-foundation payout rules, The T Boone Pickens Foundation reported a distributable amount of $3.6M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The T Boone Pickens Foundation is led by Ronald D. Bassett, President on every filing since 2020; all 4 officers listed in 2024 are compensated.
Officers on the 2024 filing
Ronald D. Bassett
President
On filings since 2020
4 hrs/week
$154K (2023) → $264K (2024)
Jay Rosser
Trustee
On filings since 2020
20 hrs/week
$154K (2023) → $910K (2024)
Andrew J. Littlefair
Trustee
On filings since 2023
4 hrs/week
$154K (2023) → $264K (2024)
Robert Stillwell
Vice President, Secretary & Treasurer
On filings since 2020
4 hrs/week
$154K (2023) → $264K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $910K, to Jay Rosser (Trustee). 4 officers or directors reported compensation on that filing.
Frequently asked questions about The T Boone Pickens Foundation
How much does The T Boone Pickens Foundation give each year?
The T Boone Pickens Foundation gave $77.8M across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $112.9M across 8 grants.
What is The T Boone Pickens Foundation's typical grant size?
The T Boone Pickens Foundation's median grant in 2024 was $12,500,000, and its average grant was $25,928,890, across 3 grants on its 2024 IRS Form 990-PF.
Where does The T Boone Pickens Foundation give grants?
The T Boone Pickens Foundation gives mostly in Oklahoma: 84% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Stillwater, OK (2 grants).
Does The T Boone Pickens Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on The T Boone Pickens Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (3 grants).
How large is The T Boone Pickens Foundation?
The T Boone Pickens Foundation reported $7.4M in total assets on its 2024 IRS Form 990-PF. It paid out $80.4M in qualifying distributions that year, against a required minimum of $3.6M (roughly 5% of its investment assets).
What is The T Boone Pickens Foundation's EIN?
The T Boone Pickens Foundation's EIN (Employer Identification Number) is 20-5892962. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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