The Waltrip-McGee Foundation
The Waltrip-McGee Foundation is a private foundation, based in Houston, TX. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $7.5M in total assets. In 2025, it awarded 4 grants totaling $250K. Net investment income was $139K.
The Waltrip-McGee Foundation at a glance
In short: The Waltrip-McGee Foundation gave $250K across 4 grants in 2025 (avg $63K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $250,000
- Grants made (2025)
- 4
- Average grant
- $62,500
- Median grant
- $65,000
- Total assets
- $7,525,687
- -1.6% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Waltrip-McGee Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Lone Star Flight Museum ($100K). Together the top 4 received $250K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $50–100K range: 4 grants of 10 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How The Waltrip-McGee Foundation gives
- Giving fell 24% from 2022 to 2025. Method
- In 2025 it paid out 40% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2021 to 2025, annual grant giving ranged from $46K (2023) to $543K (2021). In 2025 it made 4 grants totaling $250K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lone Star Flight Museum Houston, TX | General Purpose | $100,000 |
| RB Thieme Jr Bible Ministries Houston, TX | General Purpose | $80,000 |
| Sherman Community Players Sherman, TX | General Purpose | $50,000 |
| Berachah Church Houston, TX | General Purpose | $20,000 |
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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 | $7,525,687 | $143,456 | $268,526 | $250,000 | 4 | $254,656 | $138,800 | $634,873 |
| 2024 | $7,650,757 | $183,304 | $5,403 | — | — | $2,701 | $180,602 | $532,521 |
| 2023 | $7,472,856 | $165,771 | $46,400 | $46,400 | 1 | $46,400 | $165,771 | $548,774 |
| 2022 | $7,353,485 | $146,643 | $338,783 | $330,000 | 3 | $333,946 | $142,696 | $514,901 |
| 2021 | $7,545,625 | $2,441,074 | $553,220 | $543,312 | 2 | — | $96,770 | $308,216 |
Under IRS private-foundation payout rules, The Waltrip-McGee Foundation reported a distributable amount of $635K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Waltrip-McGee Foundation is led by Holly Waltrip, President since 2023 (on filings since 2021); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Holly Waltrip
President
Director → President, 2023
On filings since 2021
1 hr/week
No compensation reported
Robert L. Waltrip Jr.
Secretary & Treasurer
On filings since 2021
1 hr/week
No compensation reported
William Blair Waltrip
Vice President
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: Robert L Waltrip (2021–2022) — President
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Waltrip-McGee Foundation
How much does The Waltrip-McGee Foundation give each year?
The Waltrip-McGee Foundation gave $250K across 4 grants in 2025, according to its 2025 IRS Form 990-PF.
What is The Waltrip-McGee Foundation's typical grant size?
The Waltrip-McGee Foundation's median grant in 2025 was $65,000, and its average grant was $62,500, across 4 grants on its 2025 IRS Form 990-PF.
Where does The Waltrip-McGee Foundation give grants?
The Waltrip-McGee Foundation gives mostly in Texas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Houston, TX (3 grants).
Does The Waltrip-McGee Foundation give general operating support?
Yes: 100% of The Waltrip-McGee Foundation's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is The Waltrip-McGee Foundation?
The Waltrip-McGee Foundation reported $7.5M in total assets on its 2025 IRS Form 990-PF. It paid out $255K in qualifying distributions that year, against a required minimum of $635K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Waltrip-McGee Foundation's EIN?
The Waltrip-McGee Foundation's EIN (Employer Identification Number) is 31-1608714. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 13, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 27, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 3, 2026)
- IRS filings on file for fiscal years 2021–2025
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Figures come from The Waltrip-McGee 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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