William S & Ann Atherton Foundation
The William S & Ann Atherton Foundation is a private foundation based in Tulsa, Oklahoma. It is a non-operating foundation that carries out its charitable purpose through gifts and grants rather than direct charitable activities or program-related investments.
William S & Ann Atherton Foundation at a glance
In short: William S & Ann Atherton Foundation gave $1.3M across 21 grants in 2024 (avg $60K), mostly in Oklahoma. 24% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,265,000
- -57.4% vs 2023
- Grants made (2024)
- 21
- -46.2% vs 2023
- Average grant
- $60,238
- -20.9% vs 2023
- Median grant
- $12,000
- Total assets
- $15,401,368
- -2.3% vs 2023
- New grantees (estimate)
- 24% first-time grantees (5 of 21, 2024; small sample)
- Primary geography
- Oklahoma (85% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to William S & Ann Atherton Foundation
- How to Apply
-
Contact Jessica Faubert with a description of the program and an outline of its needs. The filing lists no restrictions on awards.
- Contact
Application contact: Jessica Faubert
Mailing address: 1924 S Utica Suite 1018, Tulsa, OK 74104
Phone: (918) 749-3953
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who William S & Ann Atherton Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Classically Formed Inc ($511K). Together the top 10 received $1.2M.
Grant Size Distribution
191 grants across all recorded years
The most common grant size was under $50K: 157 grants of 191 (82%).
Geographic Focus
Where this funder awards grants
In 2024, 85% of grant dollars went to recipients in Oklahoma. The filing also reports grant dollars going to Arizona (4%), Maryland (3%), the District of Columbia (2%), and California (1%). The 2024 grants included recipients in other states as well, including Arkansas, Texas, Kentucky, Virginia, and Colorado.
Grant Distribution by State
Share of 2024 grant dollars across all 21 itemized grants.
States
Cities
Is William S & Ann Atherton Foundation open to new grantees?
24%
first-time grantees, 2024
In 2024, 5 of 21 grantees (24%) were first-time recipients. With only 21 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $9K; repeat grants $76K. How we count
Medians: $5K first-time, $16K repeat.
- 76% of 2024 grantees were also funded in 2023. Method
- Giving fell 24% from 2021 to 2024. Method
- In 2024 it paid out 63% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.0M (2020) to $3.0M (2023). In 2024 it made 21 grants totaling $1.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Classically Formed Inc Tulsa, OK | General Fund | $510,500 |
| Folds of Honor Foundation Tulsa, OK | General Fund | $250,000 |
| Oklahoma Council of Public Affairs Oklahoma City, OK | General Fund | $150,000 |
| Nat'l Cowboy & Western Heritage Museum Oklahoma City, OK | General Fund | $100,000 |
| Turning Point USA Phoenix, AZ | General Fund | $50,000 |
| Prager University Foundation Owing Mills, MD | Prager U Kids Sponsorship | $35,000 |
| Godspeed Flight Demonstration Team Inc Tulsa, OK | General Fund | $25,000 |
| Voices of Oklahoma Tulsa, OK | General Fund | $25,000 |
| The Fund for American Studies Washington, DC | General Fund | $20,000 |
| John Brown University Siloam Springs, AR | Pizza Hut Scholarship | $12,500 |
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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 | $15,401,368 | $1,603,869 | $1,986,382 | $1,265,000 | 21 | $1,548,220 | $1,166,185 | $2,476,823 |
| 2023 | $15,758,477 | $2,178,382 | $3,987,407 | $2,971,075 | 39 | $3,350,513 | $1,491,566 | $2,808,611 |
| 2022 | $17,549,318 | $7,559,533 | $2,493,974 | $1,868,500 | 41 | $2,105,549 | $3,814,358 | $2,632,676 |
| 2021 | $12,458,261 | $1,549,732 | $2,088,223 | $1,674,000 | 45 | $1,826,548 | $1,308,057 | $1,575,621 |
| 2020 | $12,971,274 | $2,112,059 | $1,420,891 | $1,000,332 | 45 | — | $1,280,206 | $1,317,001 |
Under IRS private-foundation payout rules, William S & Ann Atherton Foundation reported a distributable amount of $2.5M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
An earlier profile describes the foundation’s mission as supporting all people, the arts, and sciences. Its grants provide examples of the kinds of organizations it supports. Classically Formed Inc says it operates a charter school offering a classical education; Folds of Honor Foundation says it provides educational scholarships to qualifying spouses and dependent children of military service members and first responders killed or disabled in service. The Oklahoma Council of Public Affairs describes its mission as advancing policies supporting free enterprise, limited government, personal responsibility, and individual initiative.
Other 2024 grantees include John Brown University, which describes its work as providing Christ-centered education, and Constituting America, which says it educates students and adults about the U.S. Constitution through culture and media.
Grantmaking
In 2024, the foundation reported 21 grants totaling $1,265,000. Awards ranged from $1,000 to $510,500, with a median grant of $12,000.
The largest grants included $510,500 to Classically Formed Inc; $250,000 to Folds of Honor Foundation; $150,000 to the Oklahoma Council of Public Affairs; and $100,000 to the National Cowboy & Western Heritage Museum. Other grants included $50,000 to Turning Point USA, $35,000 to Prager University Foundation for a Prager U Kids sponsorship, and $25,000 each to Godspeed Flight Demonstration Team and Voices of Oklahoma.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists William S Atherton as chairman; D Ann Atherton and M Dirk Atherton as directors; Jessica Ann Faubert as president; J Thomas Atherton as treasurer; and Preston B Smith as secretary.
William S & Ann Atherton Foundation is led by Jessica Ann Faubert, President on every filing since 2020; all 6 officers listed in 2024 are compensated.
Officers on the 2024 filing
Jessica Ann Faubert
President
On filings since 2020
40 hrs/week
$150K (2020) → $196K (2024)
William S. Atherton
Chairman
On filings since 2020
1 hr/week
$4K (2024)
D. Ann Atherton
Director
On filings since 2021
1 hr/week
$4K (2024)
M. Dirk Atherton
Director
On filings since 2021
1 hr/week
$4K (2024)
J. Thomas Atherton
Treasurer
On filings since 2020
10 hrs/week
$90K (2020) → $154K (2024)
Preston B. Smith
Secretary
On filings since 2020
1 hr/week
$4K (2024)
Former officers (2)
- Former: Delores Ann Atherton (2020) — Director
- Former: Michael Dirk Atherton (2020) — Director
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 $196K, to Jessica Ann Faubert (President). 6 officers or directors reported compensation on that filing.
Frequently asked questions about William S & Ann Atherton Foundation
How much does William S & Ann Atherton Foundation give each year?
William S & Ann Atherton Foundation gave $1.3M across 21 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.0M across 39 grants.
What is William S & Ann Atherton Foundation's typical grant size?
William S & Ann Atherton Foundation's median grant in 2024 was $12,000, and its average grant was $60,238, across 21 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from William S & Ann Atherton Foundation that year got $9K on average.
Where does William S & Ann Atherton Foundation give grants?
William S & Ann Atherton Foundation gives mostly in Oklahoma: 85% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Tulsa, OK (6 grants), Oklahoma City, OK (2 grants) and Washington, DC (2 grants).
Does William S & Ann Atherton Foundation give general operating support?
Yes: 81% of William S & Ann Atherton Foundation's 2024 grants with a stated purpose (17 of 21) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are William S & Ann Atherton Foundation's largest grantees?
William S & Ann Atherton Foundation's largest 2024 grantees include Classically Formed Inc ($510,500), Folds of Honor Foundation ($250,000) and Oklahoma Council of Public Affairs ($150,000), according to its 2024 IRS Form 990-PF. Together they received 72% of its itemized 2024 grant dollars.
How large is William S & Ann Atherton Foundation?
William S & Ann Atherton Foundation reported $15.4M in total assets on its 2024 IRS Form 990-PF. It paid out $1.5M in qualifying distributions that year, against a required minimum of $2.5M (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 does William S & Ann Atherton Foundation fund?
An earlier profile describes the foundation’s mission as supporting all people, the arts, and sciences. Its grants provide examples of the kinds of organizations it supports. See mission & focus areas ↑
How do I apply for a grant from William S & Ann Atherton Foundation?
Contact Jessica Faubert with a description of the program and an outline of its needs. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is William S & Ann Atherton Foundation's EIN?
William S & Ann Atherton Foundation's EIN (Employer Identification Number) is 73-1520309. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work William S & Ann Atherton Foundation funds
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Cite this profile
Grantable. (2026). William S & Ann Atherton Foundation funder profile. GrantGraph. Retrieved October 22, 2026, from https://grantable.co/funders/william-s-and-ann-atherton-foundation-morg_dcda9047d0b94406a89918272c80a58f
BibTeX
@misc{grantable_731520309_2026,
author = {{Grantable}},
title = {{William S \& Ann Atherton Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/william-s-and-ann-atherton-foundation-morg_dcda9047d0b94406a89918272c80a58f},
note = {Accessed 2026-10-22. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from William S & Ann Atherton 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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