Milton W And Betty M Holcombe Foundation
- Assets
- $500.5k
- Revenue
- $69.6k
- Investments
- $481.2k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/1995
- Data as of
- 12/2022
- EIN
- 75-2570821
Organization Overview
Milton W And Betty M Holcombe Foundation is located in Dallas, TX. The organization was established in 1995. 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. Milton W And Betty M Holcombe 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 12/2022, Milton W And Betty M Holcombe Foundation generated $69.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $249.9k during the year ending 12/2022. While expenses have increased by 16.2% 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 2015, Milton W And Betty M Holcombe Foundation has awarded 188 individual grants totaling $1,132,105. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Milton W Holcombe Director | 0 | $0 | |
Betty M Holcombe Director | 0 | $0 | |
Karen Holcombe Director | 0 | $0 | |
Kathryn Holcombe Wheeler Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $65,889 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,665 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $69,554 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,206 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,772 |
| Total operating and administrative expenses | $3,944 |
| Contributions, gifts, grants paid | $246,000 |
| Total expenses and disbursements | $249,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,206 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $60,941 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $500,454 |
| 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, Milton W And Betty M Holcombe Foundation has awarded $246,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Central, SC PURPOSE: GENERAL | $60,000 |
AMERICAN RED CROSS PURPOSE: GENERAL | $25,000 |
FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL 20000UKRAINE RELIEF5000 | $25,000 |
Rock Hill, SC PURPOSE: GENERAL | $20,000 |
SALVATION ARMY PURPOSE: GENERAL | $15,000 |
MORGAN FAMILY CEMETERY ASSOCIATION PURPOSE: GENERAL | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |