The Tom and Judy Love Foundation is a private foundation based in Oklahoma City, Oklahoma. Established in 2014, it operates as a 501(c)(3) organization designated for charitable, educational, and public benefit purposes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$23.2M
+10.7% YoY
Annual Giving
$252K
-89.6% YoY
Grant Count
16
-36.0% YoY
Avg Grant Size
$16K
-83.7% YoY
Under IRS private-foundation payout rules, Tom and Judy Love Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Arts and Creative Writing
- Historic Buildings
- Journalism
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
observed: $1,000 to $2,000,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Oklahoma and Missouri.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- $23,224,499 (2024)
- $20,971,911 (2023)
Annual Giving:
- $252,000 (2024)
- $2,414,000 (2023)
Revenue & Expenses (2024):
- Total revenue: $1.56 million
- Total expenses: $417,000
Giving Rate: Approximately 11.5% of assets annually
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $23,224,499 | $20,971,911 | $17,514,475 |
| Revenue | $1,555,010 | $1,713,819 | $960,679 |
| Expenses | $417,049 | $2,525,125 | $8,118,816 |
| Qualifying Distributions | $252,000 | $2,415,000 | $2,711,300 |
| Net Investment Income | $1,180,683 | $182,507 | $795,194 |
| Distributable Amount | $1,092,377 | $922,002 | $966,766 |
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
74 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include United Way of Central Oklahoma ($200,000), Bishop John Carroll Catholic School ($20,000), Oklahoma Historical Society ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BISHOP MCGUINNESS CATHOLIC HIGH SCHOOL OKLAHOMA CITY, OK | GENERAL SUPPORT | $1,000 |
| CATHOLIC CHARITIES OF THE ARCHDIOCESE OF OKC OKLAHOMA CITY, OK | GENERAL SUPPORT | $1,000 |
| CHRIST THE KING CHURCH OKLAHOMA CITY, OK | GENERAL SUPPORT | $1,000 |
| OKLAHOMA CITY UNIVERSITY OKLAHOMA CITY, OK | GENERAL SUPPORT | $5,000 |
| OKLAHOMA CONTEMPORARY ARTS CENTER OKLAHOMA CITY, OK | GENERAL SUPPORT | $1,000 |
| UNITED WAY OF CENTRAL OKLAHOMA OKLAHOMA CITY, OK | GENERAL SUPPORT | $200,000 |
| UNIVERSITY OF OKLAHOMA FOUNDATION OKLAHOMA CITY, OK | GENERAL SUPPORT | $5,000 |
| BISHOP JOHN CARROLL CATHOLIC SCHOOL OKLAHOMA CITY, OK | GENERAL SUPPORT | $20,000 |
| COMMUNITY LITERACY CENTERS INC OKLAHOMA CITY, OK | GENERAL SUPPORT | $2,000 |
| JESUITS USA CENTRAL AND SOUTHERN PROVINCE ST LOUIS, MO | GENERAL SUPPORT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GREGORY M LOVE | VICE PRESIDENT / DIRECTOR | — | — |
| SPENCER W HAINES | TREASURER | — | — |
| EMILY BUNTING | SECRETARY | — | — |
Recent News & Activity
Recent developments and announcements
Judy Love, cofounder of the foundation and the Love's convenience store company (which she and her late husband Tom Love launched in 1964), passed away in November 2024.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Tom and Judy Love Foundation fund?
The foundation's primary funding interests include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Arts and Creative Writing • Historic Buildings • Journalism
How do I apply for a grant from Tom and Judy Love Foundation?
**Grant Characteristics:** • Typical award range: $100 to $2,000,000 • Median grant amount: $10,000 • Grant range observed: $1,000 to $2,000,000 **Application Policy:** The foundation does not accept unsolicited applications and operates on an invite-only basis. **Recent Grant Activity:** Recent grants have included: • $200,000 to United Way of Central Oklahoma (2023) • $10,000 to The University of Oklahoma Foundation (2023) • $5,000 to Oklahoma Medical Research Foundation (2023) • $200,000 to …
Where does Tom and Judy Love Foundation make grants?
The foundation primarily funds organizations in Oklahoma and Missouri.
What size grants does Tom and Judy Love Foundation award?
In 2024, Tom and Judy Love Foundation awarded 16 grants totaling $252K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Tom and Judy Love Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Tom and Judy Love Foundation reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Tom and Judy Love Foundation's EIN?
Tom and Judy Love Foundation's EIN (Employer Identification Number) is 46-3640241. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Tom and Judy Love Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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