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Filing year 2023

LUTHER & TERESA KING FAMILY FOUNDATION

Fort Worth, Texas·EIN 20-3781741·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$2.4M
Total assets
$30.8M
Total expenses
$1M
Reported officers
4

Reported officers (all unpaid)

No paid executives reported in 2023. LUTHER & TERESA KING FAMILY FOUNDATION reported 4 unpaid officers and board members on its 990-PF.

President
Vp, Sec, Treas.
Vice President
Vice President

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$849k

Itemized grants

11

Median grant

$25k

RecipientLocationPurposeAmount
ST MARK'S SCHOOL OF TEXASDALLAS, TXALUMNI FOUNDATION$333k
TEXAS CHRISTIAN UNIVERSITYFORT WORTH, TXSCHOLARSHIP FUND$272k
LAFAYETTE COLLEGEEASTON, PACHARITABLE CONTRIBUTION$100k
FORT WORTH ECONOMIC DEVELOPMENT PARTNERSHIPFORT WORTH, TXCHARITABLE CONTRIBUTION$25k
HIGHLAND PARK PRESBYTERIAN CHURCHDALLAS, TXCHARITABLE CONTRIBUTION$25k
PRINCETON UNIVERSITY ART MUSEUMPRINCETON, NJSCHOLARSHIP FUND$25k
PROJECT HAND UPDESOTO, TXCHARITABLE CONTRIBUTION$25k
THE BIG GOODFORT WORTH, TXCHARITABLE CONTRIBUTION$25k
TEXAS & SOUTHWESTERN CATTLE RAISERS FOUNDATIONFORT WORTH, TXCHARITABLE CONTRIBUTION$10k
MADISON VALLEY MEDICAL CENTER FOUNDATIONENNIS, MTMEDICAL EQUIPMENT$7k
THE UNIVERSITY OF TEXAS AT DALLASRICHARDSON, TXSCHOLARSHIP FUND$2k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

LUTHER & TERESA KING FAMILY FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$5M
$1M
2022
$2.4M
$1M
2023
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Texas

LUTHER & TERESA KING FAMILY FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Texas earns a median of $14,224.

25th percentile
$5k
Median
$14,224
75th percentile
$43k
90th percentile
$112k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 4,499 organizations across 4,499 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Texas
FAQ

Common questions about LUTHER & TERESA KING FAMILY FOUNDATION

What are LUTHER & TERESA KING FAMILY FOUNDATION's revenue and expenses?

In 2023, LUTHER & TERESA KING FAMILY FOUNDATION reported $2.4M in total revenue and $1M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.