Zephyr Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WELLINGTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $34.8M in total assets. In 2024, it awarded 9 grants totaling $1.2M. Net investment income was $852K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$34.8M
-23.0% YoY
Annual Giving
$1.2M
+180.7% YoY
Grant Count
9
+80.0% YoY
Avg Grant Size
$128K
+55.9% YoY
Under IRS private-foundation payout rules, Zephyr Foundation reported a distributable amount of $2.0M for 2024 — the minimum it must pay out in qualifying distributions.
About Zephyr Foundation
Based on IRS filings
Zephyr Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WELLINGTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $34.8M in total assets. In 2024, it awarded 9 grants totaling $1.2M. Net investment income was $852K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $34,814,526 | $45,234,654 | $8,003,178 |
| Revenue | $788,605 | $524,142 | $3,570,577 |
| Expenses | $1,382,269 | $458,347 | $3,217,176 |
| Qualifying Distributions | $1,155,000 | $411,510 | $3,142,500 |
| Net Investment Income | $852,164 | $762,428 | $3,570,577 |
| Distributable Amount | $1,957,883 | $1,298,354 | $744,909 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
36 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wellington Ritz Theatre Inc ($283,000), Wellington Volunteer Fire Department ($200,000), Panhandle of Texas Lions Club ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WELLINGTON OPPORTUNITY CENTER INC WELLINGTON, TX | GENERAL OPERATING SUPPORT FOR 2021 | $25,000 |
| WELLINGTON ACTIVITY CENTER WELLINGTON, TX | GENERAL OPERATING SUPPORT FOR 2021 | $176,000 |
| WELLINGTON RITZ THEATRE INC WELLINGTON, TX | GENERAL OPERATING SUPPORT FOR 2021 AND GRANT FOR IMPROVEMENTS | $283,000 |
| WELLINGTON SENIOR CITIZENS CENTER WELLINGTON, TX | GENERAL OPERATING SUPPORT | $25,000 |
| COLLINGSWORTH COUNTY HOME DELIVERED MEALS WELLINGTON, TX | GRANT FOR OPERATING | $50,000 |
| WELLINGTON VOLUNTEER FIRE DEPARTMENT WELLINGTON, TX | EQUIPMENT GRANT | $200,000 |
| PANHANDLE OF TEXAS LIONS CLUB WHEELER, TX | GRANT FOR ELLISON PARK RENOVATION | $200,000 |
| KIDS INCORPORATED AMARILLO, TX | CAPITAL CAMPAIGN GRANT FOR ROCKROSE SPORTS PARK | $150,000 |
| WELLINGTON INDEPENDENT SCHOOL DISTRICT WELLINGTON, TX | GRANT FOR THE BAND PROGRAM | $46,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VAL WHITE | PRESIDENT | 20 | — |
| PAT WHITE | VP / SECRETARY | — | — |
| CHARLES W DARTER JR | VP | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Zephyr Foundation?
Zephyr Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WELLINGTON, TX. It holds $34.8M in total assets as of 2024.
How large is Zephyr Foundation?
As of 2024, Zephyr Foundation holds $34.8M in total assets with $789K in annual revenue. It awarded 9 grants totaling $1.2M in 2024.
Where does Zephyr Foundation operate?
Zephyr Foundation has awarded grants in Oklahoma, Texas.
What size grants does Zephyr Foundation award?
In 2024, Zephyr Foundation awarded 9 grants totaling $1.2M — an average of about $128K per grant, based on its IRS Form 990 filings.
How much is Zephyr Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Zephyr Foundation reported a distributable amount of $2.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Zephyr Foundation's EIN?
Zephyr Foundation's EIN (Employer Identification Number) is 75-2647195. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Zephyr Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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