Cockrell Foundation
- Assets
- $140.5m
- Revenue
- $16.0m
- Investments
- $130.2m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/1966
- Data as of
- 12/2020
- EIN
- 74-6076993
Organization Overview
Cockrell Foundation is located in Houston, TX. The organization was established in 1966. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Cockrell 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 12/2020, Cockrell Foundation generated $16.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $11.1m during the year ending 12/2020. While expenses have increased by 1.2% per year over the past 6 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 2015, Cockrell Foundation has awarded 211 individual grants totaling $60,219,167. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernest H Cockrell President/dir | 2 | $0 | |
David A Cockrell Director | 1 | $0 | |
J Webb Jennings III Director | 1 | $0 | |
Milton T Graves Director | 1 | $0 | |
Janet S Cockrell Director | 1 | $0 | |
Ronald T Nixon Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brown Advisory | 12/30/21 | $201,579 |
Asset Consulting Group Llc | 12/30/21 | $159,518 |
Aristotle Capital Management Llc | 12/30/21 | $159,409 |
Integrity Asset Management | 12/30/21 | $154,037 |
William Blair Investment Management | 12/30/21 | $148,917 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $70,049 |
| Dividends & Interest | $1,527,654 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,258,825 |
| Capital Gain Net Income | $12,220,509 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,121,176 |
| Total Revenue | $15,977,704 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,378 |
| Taxes | $53,093 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $144 |
| Printing and publications | $0 |
| Other expenses | $899,774 |
| Total operating and administrative expenses | $2,073,439 |
| Contributions, gifts, grants paid | $9,057,411 |
| Total expenses and disbursements | $11,130,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,179,038 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,580 |
| Net Investments - land, buildings, equipment | $2,745 |
| Investments—mortgage loans | $0 |
| Investments—other | $41,720,010 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $140,453,263 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Cockrell Foundation has awarded $9,258,078 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TEXAS FOUNDATION PURPOSE: ENDOWMENT GRANT FOR SCHOLARSHIPS AND CHAIRS | $3,484,004 |
Houston, TX PURPOSE: SUPPORT FOR THE VIRGINIA AND ERNEST COCKRELL, JR. PERMANENTLY RESTRICTED ENDOWMENT AND THE VIRGINIA AND ERNEST COCKRELL JR. OPPORTUNITY FUND | $1,438,858 |
MD ANDERSON CANCER CENTER PURPOSE: ENDOWMENT GRANT FOR SCHOLARSHIPS AND CHAIRSENDOWMENT GRANT FOR SCHOLARSHIPS AND CHAIRS | $1,438,858 |
METHODIST HOSPITAL FOUNDATION PURPOSE: SUPPORT THE VIRGINIA AND ERNEST COCKRELL, JR. PERMANENTLY RESTRICTED ENDOWMENT FOR THE COCKRELL CENTER FOR ADVANCED THERAPEUTICS | $1,438,858 |
Weslaco, TX PURPOSE: SUPPORT LAUNCH OF TEN PRE-K-12 SCHOOLS IN HOUSTON | $1,000,000 |
METHODIST HOSPITAL FOUNDATION PURPOSE: SUPPORT TO ESTABLISH THE ST. FRANCIS OF ASSISI CENTENNIAL ENDOWED CHAIR IN IMMUNOLOGY AT HOUSTON METHODIST IMMUNOLOGY CENTER | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
Perot Foundation Dallas, TX | $46,575,873 | $1,622,633 |
The Charles Butt Foundation San Antonio, TX | $7,229,103 | $6,060,986 |