Joseph W Craft Iii Foundation

Organization Overview

Joseph W Craft Iii Foundation is located in Tulsa, OK. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph W Craft Iii Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Joseph W Craft Iii Foundation generated $19.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.1% each year . All expenses for the organization totaled $11.8m during the year ending 12/2021. While expenses have increased by 21.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Joseph W Craft Iii Foundation has awarded 94 individual grants totaling $25,257,360. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

THE JOSEPH W. CRAFT, III FOUNDATION IS A NON-OPERATING PRIVATE FOUNDATION WHICH MAKES GIFTS TO CHARITABLE ORGANIZATIONS. THE FOUNDATION DOES NOT OPERATE ANY FACILITY OR INSTITUTION UNDERTAKING A CHARITABLE, EDUCATIONAL, OR RELIGIOUS ENDEAVOR.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $5,750,000
Interest on Savings $2,627
Dividends & Interest $640,996
Net Rental Income$129,002
Net Gain on Sale of Assets $3,291,769
Capital Gain Net Income $2,636,788
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $9,619,814
Total Revenue $19,434,208

Grants Awarded

Over the last fiscal year, Joseph W Craft Iii Foundation has awarded $5,357,359 in support to 32 organizations.

Grant RecipientAmount

UNIVERSITY OF KENTUCKY

PURPOSE: CHARITABLE

$1,120,000

Morehead, KY

PURPOSE: CHARITABLE

$950,000

UNIVERSITY OF LOUISVILLE FOUNDATION

Org PageRecipient Profile

Louisville, KY

PURPOSE: CHARITABLE

$900,000

CHRISTIAN STUDENT FELLOWSHIP INC

Org PageRecipient Profile

Lexington, KY

PURPOSE: CHARITABLE

$500,000

GOVERNMENT ACCOUNTABILITY OVERSIGHT

PURPOSE: CHARITABLE

$300,000

AMERICAN ENTERPRISE INSTITUTE

PURPOSE: CHARITABLE

$300,000
View Grant Profile

Peer Organizations

Organization NameAssets
Burnett Foundation
Fort Worth, TX
$2,811,908
Jesus Fund
Little Rock, AR
$128,635,887
Rapier Family Foundation
San Antonio, TX
$1,321,420
Dan L Duncan Family Foundation
Houston, TX
$27,292,814
James S Mcdonnell Foundation
St Louis, MO
$80,243,658
Patterson Family Foundation
Kansas City, MO
$1,174,628,172
Fmh Foundation
Midland, TX
$148,706,487
Inasmuch Foundation
Oklahoma City, OK
$49,887,073
Ting Tsung And Wei Fong Chao Foundation
Houston, TX
$21,447,473
William K Warren Foundation
Tulsa, OK
$38,179,587
Impetus Foundation
San Antonio, TX
$85,291,192
Builders Initiative
Bentonville, AR
$530,265,880

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