Lasting Legacy: 75 Years of Family, Philanthropy, and Impact

The Meadows Foundation exists to assist people and institutions of Texas improve the quality and circumstances of life for themselves and future generations.

NOTE FROM THE PRESIDENT

2023 marked 75 years since Al and Virginia Meadows established The Meadows Foundation. They began this journey with a simple yet profound mission: to help the people of Texas now and forever. We’ve accomplished so much together over the years, from the Meadows Museum to the Wilson Historic District to the Meadows Mental Health Policy Institute. Over 75 years, we’ve given almost $1.4 billion in grants and have impacted all 254 counties in Texas.

Let me share some of our highlights from the year.

Wilson Historic District

Last year saw tremendous growth in the Wilson Historic District.

The introduction of Liberty Street Garden, operated by our tenant, New Friends New Life, has brought a renewed sense of purpose. Seeing the passion, commitment, and transformation of the women who nurture the garden and bring it to life is inspiring.

Moreover, we’re starting a new chapter in the history of the St. James AME Temple. As one of the oldest historic Black churches built by the first Black architect in Texas, William Sidney Pittman, and by an all-Black crew, the church was a point of pride to show that anything could be done by their community. When the Foundation purchased it, we aimed to preserve a piece of history and keep its roots in the Black community.

In 2023, we restored the building’s original mission by welcoming Project Unity and Lone Star Justice Alliance as tenants. These organizations work to eliminate discrimination and unify the community, honoring the spirit of the building and transforming it into a vibrant hub of activity and connection.

Over the last 40 plus years, the District has been one of our most significant investments because it has fostered significant growth, strengthened community ties, and created lasting positive change. With more projects on the horizon, the District’s future is bright and full of endless possibilities.

75th Anniversary Open House

An important part of our anniversary was our open house. It celebrated 75 years of history, achievements, and memories. Many of you joined us in commemorating our history, our past presidents, and our grantees. Five grantees joined the open house to highlight a legacy of each president’s tenure. From Al Meadows’ belief in education as the gateway to opportunity and Curtis W. Meadows Jr.’s vision for creating a groundbreaking nonprofit neighborhood, Linda Perryman Evans’ conviction that the treatment of animals reflects how we treat people, and my dedication to safeguarding our water as the foundation of Texas’ future growth, these organizations demonstrated to attendees how their mission impacts our state. In our annual report, you will hear from these nonprofits and learn about how they serve the people of Texas every day.

As I transition into the final years of my presidency, I’m moved by the extraordinary vision of our founders, the remarkable leadership of the presidents who preceded me, and the dedication of our Board of Directors, staff, and the Meadows family. This collective effort has been key to our 75-year milestone.

As you explore our 2023 annual report, I hope you experience what our 75th anniversary means to everyone at the Foundation.

Sincerely,

Peter M. Miller
President & CEO


Our Founders

Algur Hurtle Meadows was born in Vidalia, Georgia, in 1899. Virginia Garrison Stuart was born in Ryan, Oklahoma, in 1902. After moving around the south, Al also settled in Shreveport, Louisiana, where he met Virginia. They married in 1922. Al worked for Standard Oil by day and studied law at night.

Al left Standard Oil to start his own finance firm and later founded an oil and gas production company. He and Virginia moved to Dallas in 1936 where he built General American Oil Company of Texas into one of the largest independent producers in the nation.

While they gave to causes in Louisiana, Georgia, and other national and international areas, Al and Virginia chose to give the majority of their wealth to benefit Texas as an everlasting gift to the state and its people who had been so generous to them. At the heart of their philanthropy was a commitment to be a perpetual resource for good in Texas.

IN REMEMBRANCE

Sally Rhodus Lancaster, Ph.D.

Sally Rhodus Lancaster (1938-2023) was Al and Virginia’s niece, who served on the Board of Directors for six years and as Executive Vice President of the Foundation for 17 years. After Al’s death in 1978, Sally was pivotal in shaping the Foundation’s grantmaking process with her cousin Curtis W. Meadows Jr. Legendary for her pursuit of excellence, she was unwavering in her dedication to Texas and the Meadows family’s philanthropic legacy. She championed creative and purposeful risk-taking grantmaking to achieve transformational impact. Whether it was protecting environmental diversity, enhancing public education, improving health care access, or pioneering heritage tourism and preserving historic and cultural artifacts along the Texas-Mexico border, she accepted nothing less than the best for the people of Texas.

“The greatest reward of working at the Foundation is meeting the wonderful people of Texas who are so dedicated to their communities.”

Sally Rhodus Lancaster, Ph.D.

Meet our grantees

Chapter 1

Reading Partners

Chapter 2

VolunteerNow


Chapter 3

SPCA
of Texas

Chapter 4

The Meadows Center for Water and the Environment & Texas Water Foundation

GRANTS & PROGRAM-RELATED INVESTMENTS HIGHLIGHTS

2023

$38.6
Million

1948-2023

$1.36
Billion

GRANTS
MADE & PAID

Arts & Culture

GranteeGrant PurposeAward Amount
African American Museum, Dallas, TexasToward membership for 2023$5,000
Dallas Museum of Art, Dallas, TexasToward membership for 2023$25,000
Ellen Noel Art Museum of the Permian Basin, Odessa, TexasToward museum renovations to expand access to arts and culture$100,000
Forest Forward, Dallas, TexasToward the restoration of the historic Forest Theater$275,000
National Society of The Colonial Dames of America in Texas for The Neill-Cochran House Museum, Austin, TexasToward a museum renovation and education curriculum that highlights the history of Black Americans in Austin$50,000
Nasher Sculpture Center, Dallas, TexasToward membership for 2023$10,000
Remember the Alamo Foundation, San Antonio, TexasToward creating a water conservation plan for and renovating The Alamo$500,000
San Antonio African American Community Archive and Museum, San Antonio, TexasToward support to expand the impact and reach of a cultural institution in San Antonio$75,800
Southern Methodist University, Dallas, TexasTo sustain and build the Meadows School of the Arts and the Meadows Museum to standards of excellence (part of a 10-year, $45 million grant awarded in 2015)$4,907,260
Southern Methodist University, Dallas, TexasToward support for the Meadows Scholars Program to recruit to recruit top students to the Meadows School of the Arts $10,000
Texans for the Arts Foundation, Austin, TexasToward building staff capacity to increase public investment in arts and culture in Texas$30,000
Civic & Public Affairs
GranteeGrant PurposeAward Amount
All Kind Animal Initiative, Abilene, TexasToward a new animal shelter to help Abilene achieve and maintain a no-kill status $100,000
Best Friends Animal Society, Kanab, UtahToward helping Texas animal shelters achieve and maintain a no-kill status$100,000
Communities Foundation of Texas, Dallas, TexasToward the 15th annual North Texas Giving Day program and year-round capacity-building efforts for nonprofits$75,000
Council on Foundations, Washington, DCToward membership for 2023$25,000
Denton Assistance Center, Denton, TexasToward establishing an expansion site to co-locate nonprofits and increase access to services in Lewisville$150,000
Grantmakers For Effective Organizations, Washington, DCToward membership for 2023$9,690
Human Rights Initiative of North Texas, Dallas, TexasToward supporting legal services for unaccompanied immigrant minors$125,000
Humane Society of Aransas County, Fulton, TexasToward providing affordable spay and neuter services in rural Texas$15,000
Independent Sector for Upswell Summit, Dallas, TexasToward support of a national convening in Dallas advancing impact in the nonprofit sector$25,000
Jolt Initiative, Austin, TexasToward establishing a policy team focused on the impact of climate change on Latino youth$80,000
National Center for Family Philanthropy, Washington, DCToward membership for 2023$10,000
North Texas Asset Funders Network (a fund of Communities Foundation of Texas), Dallas, TexasToward membership for 2023$10,000
OneStar Foundation, Austin, TexasToward building out programs to support a connected, collaborative nonprofit sector$50,000
One Texas (a fund of the Dallas Foundation), Dallas, TexasToward providing capacity-building services for nonprofits in partnership with North Texas funders$50,000
PETS Low Cost Spay and Neuter Clinic, Wichita Falls, TexasToward expanding veterinary staff to increase service capacity$75,000
Philanthropy Roundtable, Washington, D.C.Toward membership for 2023$5,000
Philanthropy Southwest, Dallas, TexasToward membership for 2023$6,000
Southern Gateway Public Green Foundation, Dallas, TexasToward constructing the Southern Gateway Park in southern Dallas$250,000
SPCA of East Texas, Tyler, TexasToward renovating a new building to expand services$150,000
Tarrant County Homeless Coalition, Fort Worth, TexasToward building capacity and operations to address homelessness and affordable housing issues in Tarrant and Parker counties$75,000
Texas Census Institute (a fund of the Waco Foundation), Waco, TexasToward building a comprehensive strategy to increase participation in the 2030 Census $125,000
Texas Rural Funders (a fund of the Waco Foundation), Waco, TexasToward launching a rural capacity-building initiative and supporting a statewide broadband study to inform state policy$100,000
Texas Tribune, Austin, TexasToward support for reporting statewide issues facing Texans in education, the environment, and health care$300,000
VECINA, Austin, TexasToward additional staff to grow programs and engage the legal community in service of vulnerable immigrant populations$93,785
Education
GranteeGrant PurposeAward Amount
American Airpower Heritage Museum, Dallas, TexasToward innovative science, technology, engineering, and math programs for low-income schools in Dallas and Tarrant counties$93,000
Annie’s Place, Dallas, TexasToward start-up costs for establishing an innovative childcare model in the Wilson Historic District$250,000
AVANCE, Inc., San Antonio, TexasToward the expansion of a dual generation program partnership with Del Mar College$75,000
Big Thought, Dallas, TexasToward continued support to increase educational programming and provide digital badges to participating Dallas County students$75,000
Catch the Next, Austin, TexasToward expanding programs to increase the postsecondary completion rates for Latino and first-generation students in North Texas$83,000
City Teaching Alliance, Dallas, TexasToward continued support for a program to prepare highly effective teachers in Dallas$100,000
City Year, Dallas, TexasToward support for addressing student learning loss and increasing pathways into teaching$75,000
Collegiate Edu-Nation, Roscoe, TexasToward continued support for an innovative partnership to increase postsecondary completion rates for rural students$75,000
Dallas Firefighters Museum Inc., Dallas, TexasToward historical museum renovation to recognize first responders and provide fire prevention and all-hazards education for children and families$50,000
Dallas Morning News EdLab (a fund of Communities Foundation of Texas), Dallas, TexasToward community-funded journalism to deepen coverage of education in North Texas and across the state$25,000
Educate Texas (a fund of Communities Foundation of Texas), Dallas, TexasToward continued support to improve postsecondary completion rates in Texas$500,000
Educate Texas (a fund of Communities Foundation of Texas), Dallas, TexasToward support for improving statewide teacher effectiveness$200,000
Education Opens Doors, Dallas, TexasToward support to increase postsecondary preparedness in middle school students$75,000
Educational First Steps, Dallas, Texas Toward recognition of a community leader working to increase access to equitable, high-quality early childhood education$5,000
Grantmakers for Education, Portland, OregonToward membership for 2023$3,000
Green Dot Public Schools Southeast Texas, Beaumont, TexasToward continued support for a district-charter partnership model to increase postsecondary readiness$150,000
Leadership ISD, Dallas, TexasToward school board trustee development and community engagement programs$75,000
Momentous Institute, Dallas, TexasToward a pilot initiative to support the social and emotional well-being of educators$75,000
My Possibilities, Plano, TexasToward an innovative social venture to provide livable wage opportunities for North Texas adults with intellectual or developmental disabilities$75,000
Nomi Network, Dallas, TexasToward support of education and career pathways for youth in the Dallas County juvenile justice system$95,000
Pasos for Oak Cliff, Dallas, TexasToward expanding the reach and impact of an academic program for rising ninth-grade students in southern Dallas$5,000
Principal Impact Collaborative (a fund of the University of North Texas at Dallas)Toward increasing the number of effective principals in North Texas public schools$104,500
Read Up (a fund of United Way of Metropolitan Dallas), Dallas, TexasToward a collaboration that provides reading support for elementary students$175,000
Springboard Collaborative, Philadelphia, PennsylvaniaToward improving literacy outcomes for pre-K through third-grade students$56,875
SustainED Leaders, Dallas, TexasToward training education leaders to utilize evidence-based instructional leadership practices to accelerate student learning$100,000
TalkingPoints, San Francisco, CaliforniaToward continued support for an innovative tool to support students and families who are English language learners$50,000
Teach For America, Dallas, TexasToward the continued development of teacher preparation and professional development programs to improve the academic achievement of Texas students $300,000
TechForce Foundation, Phoenix, ArizonaToward support for underserved students earning high-demand workforce certificates and pursuing technical careers $50,000
Texans Care For Children, Austin, TexasToward the expansion and adoption of a dashboard to redefine and improve school readiness$150,000
Texas 2036, Dallas, TexasToward building data, tools, and research to make critical information accessible and actionable for community leaders, policymakers, and citizens of Texas$250,000
Texas Leadership Center for Texas Association of School Administrators, Austin, TexasToward an executive coaching program to support school superintendents$75,000
TexProtects, Dallas, TexasToward increasing the number of and access to high-quality childcare programs serving low-income infants, toddlers, and their families$75,000
The Holdsworth Center, Austin, TexasToward new programs to expand and improve the superintendent pipeline in Texas$100,000
The University of Texas at Austin College of Education, Austin, TexasToward support to address Texas’ teacher shortage by increasing the number of high-quality teachers entering classrooms and retaining effective veteran teachers$300,000
Uplift Education, Dallas, TexasToward teacher and principal coaching in math to accelerate learning loss recovery$25,000
Uvalde CISD Moving Forward Foundation, Uvalde, TexasToward a new elementary school to replace Robb Elementary School in Uvalde Consolidated Independent School District $500,000
Valley Initiative for Development and Advancement, Mercedes, TexasToward continued support to increase attainment of high-demand certificates and credentials for Latinas$100,000
Vogel Alcove, Dallas, TexasToward building a childcare center in the RedBird neighborhood of Dallas$50,000
Environment
GranteeGrant PurposeAward Amount
American Forests, Washington, D.C.Toward restoring thorn scrub forests in the Lower Rio Grande Valley$76,800
Coastal Prairie Conservancy, Houston, TexasToward support of strategic conservation of the threatened coastal prairie $200,000
Ducks Unlimited, Memphis, TennesseeToward the enhancement and restoration of 1,700 acres of wetlands along the Gulf Coast$150,000
Headwaters At The Comal, New Braunfels, TexasToward constructing the Center at the Headwaters facility to pilot a new water system$100,000
Hill Country Alliance, Austin, TexasToward building community resilience in the face of water scarcity in the Hill Country$85,000
Houston Wilderness, Inc., Houston, TexasToward preserving the coastline along the Houston Ship Channel through large-scale, targeted native tree plantings$100,000
Native Prairies Association of Texas, Manchaca, TexasToward capacity-building to support long-term organizational stability$62,600
Parks for Downtown Dallas, Dallas, TexasToward developing greenspace in Dallas’ East Quarter and completing the final signature park in the Downtown Parks Master Plan Update$250,000
PowerHouse Texas, Austin, TexasToward encouraging sustainable energy sources and nurturing the next generation of energy leaders in Texas $75,000
Sea Turtle, South Padre Island, TexasToward a rehabilitation facility to serve increased patient load and expand education opportunities$100,000
Solar Austin, Austin, TexasToward solar installation education and training in low-income communities$75,000
Texas Coastal Exchange, Houston, TexasToward establishing the organizational infrastructure to provide and monitor carbon credits for oyster reefs protecting wetlands$100,000
Texas Conservation Alliance, Dallas, TexasToward continued support for a campaign to save migratory birds in North Texas$50,000
Texas Electric Transportation Resources Alliance Education Fund, Austin, TexasToward promoting the use of electric transportation to stimulate economic vitality, reduce pollution, and mitigate the impact of climate change$150,000
Texas Land Conservancy, Austin, TexasToward support of the Sustainable Texas Land Conservation program$85,000
Texas Solar Energy Society, Bastrop, TexasToward a program to build a resilient and a diverse, well-trained workforce$65,000
Texas Water Foundation, Austin, TexasToward supporting education, advocacy, and leadership development highlighting the critical importance of water conservation in Texas $150,000
Texas Water Trade, Austin, TexasToward continuing the development of water markets to protect and restore freshwater in rivers, bays, and estuaries in Texas $350,000
The Conservation Fund, Arlington, VirginiaToward the permanent protection of high-quality coastal prairie, wetlands, and thorn scrub in the Lower Rio Grande Valley$150,000
Trust for Public Land, Los Angeles, CaliforniaToward creating an innovative and sustainable Dallas model for scaling city parks in urban cities$250,000
Water Finance Exchange Inc., Washington, D.C.Toward implementing sustainable water infrastructure solutions in rural Texas$100,000
Health
GranteeGrant PurposeAward Amount
AGE (Austin Groups for the Elderly) of Central Texas, Austin, TexasToward the construction of a state-of-the-art facility designed to care for older adults with disabilities and their caregivers in Central Texas$150,000
Austin Community Foundation for Texas Behavioral Health Funders Collaborative, Austin, TexasToward membership for 2023$2,500
Baylor University, Waco, TexasToward increased access to mental health care professionals through training and preparing psychiatric mental health nurse practitioners$150,000
Behind Every Door Ministries, Dallas, TexasToward creating a physical and mental health hub to serve high-needs residents in Southern Dallas$100,000
Brain Injury Network of Dallas, Dallas, TexasToward support of the growth and expansion of the newly established brain injury clubhouse program serving Tarrant and surrounding counties$54,000
Children’s Bereavement Center Of The Rio Grande Valley Inc., Harlingen, TexasToward capacity expansion to provide no-cost grief counseling services to children and youth$60,000
Community Health Development, Uvalde, TexasToward a school-based partnership in response to the Robb Elementary School disaster$150,000
Doctors Of The World-Usa Inc., New York, New YorkToward a health program in El Paso offering medical services in migrant shelters $39,920
Family Support Services of Amarillo, Inc., Amarillo, TexasToward a new facility that replaces their main offices lost in a fire$100,000
Kids Inc. of Amarillo Texas, Amarillo, TexasToward construction of the only outdoor complex in the region to provide a safe environment for children and youth$250,000
Grant Halliburton Foundation, Dallas, TexasToward expansion of school based mental health programs $75,000
Healthy Futures of Texas, San Antonio, TexasToward supporting the merger of three agencies to become the statewide leader in preventing teen pregnancy$150,000
Heart of Texas Community Health Center, Waco, TexasToward expanding access to high-quality healthcare and increasing the residency training capacity for physicians $150,000
Jewish Family Service of Dallas Inc., Dallas, TexasToward support to become a Federally Qualified Health Center and access sustainable funding for integrated health care services$250,000
ManeGait, McKinney, TexasToward support of an equine therapeutic riding program to double capacity for children and adults with disabilities in the North Texas community$100,000
Meadows Mental Health Policy Institute, Dallas, TexasToward continued support of a statewide mental health policy institute designed to improve the mental health system of Texas (part of a five-year, $10 million grant awarded in 2017)$2,500,000
Meadows Mental Health Policy Institute, Dallas, TexasToward providing start-up costs to a fourth hospital system to implement an initiative to end untreated depression in North Texas$250,000
Mental Health America of Greater Houston, Houston, TexasToward the implementation and expansion of integrated behavioral health in medical practices across the greater Houston area and Texas$150,000
National Law Enforcement and Firefighters Children’s Foundation, New York, New YorkToward support of expanding an existing mental health Resiliency program for children of first responders$25,000
San Antonio Clubhouse for Form Communities, Inc., San Antonio, TexasToward increasing the number of certified Peer Support Specialists that can serve the mental health needs of Texans$75,000
Human Services
GranteeGrant PurposeAward Amount
Advance Together (a fund of The Dallas Foundation), Dallas, TexasToward continued support for community partnerships to increase economic mobility across Texas$100,000
Amala Foundation, Austin, TexasToward a new restorative justice program to divert youth from the criminal legal system $75,000
Asset Funders Network, Chicago, IllinoisToward supporting a new program that builds capacity for and learnings from nonprofit organizations working to increase economic security for underrepresented populations in the Dallas Fort Worth Metroplex$17,000
BEAR Be a Resource for CPS Kids, Houston, TexasToward the expansion of an emergency resource program for children at risk and/or already involved in Child Protective Services in the Gulf Coast region$25,000
Big Brothers Big Sisters Lone Star, Dallas, TexasToward launching a new program to build a network supporting postsecondary completion for at-risk students in North Texas$120,000
Bonton Enterprises, Dallas, TexasToward establishing a financial resource center for Bonton residents$214,000
Boys and Girls Clubs of Deep East Texas, Nacogdoches, TexasToward a new roof for a community aquatics center $50,000
Buildingcommunity Workshop, Dallas, TexasToward the construction of affordable home models to inform neighborhood housing policy in Dallas$57,250
CASA of Tarrant County, Fort Worth, TexasToward continued development and expansion of services to increase permanency for foster youth in Tarrant County$150,000
Children’s Advocacy Centers of Texas, Austin, TexasToward developing a statewide service plan to ensure high-quality support for child victims of abuse$150,000
ChildSafe, San Antonio, TexasToward coordinated care efforts that facilitate interventions for victims of child trafficking$80,000
Christus Foundation for Healthcare, Houston, TexasToward replacing air conditioning units at a homeless resource center and preserving community access to meals, medical assistance, and counseling$33,534
CitySquare, Dallas, TexasToward a forensic financial audit to evaluate and analyze records and controls to ensure future organizational health$100,000
Commit2Dallas and Child Poverty Action Lab for Opportunity 2040, Dallas, TexasToward launching an initiative to accelerate economic mobility for Dallas County students and young adults and continuing support for Commit and the Child Poverty Action Lab$700,000
Comp-U-Dopt, Dallas, TexasToward expanding digital access and inclusion in North and West Texas $120,000
Dallas Eviction Advocacy Center, Dallas, TexasToward staff expansion to scale legal coverage for tenants to all eviction courts in Dallas County$150,000
Dwell With Dignity Inc., Dallas, TexasToward the purchase of a warehouse to sell donated furniture to fund the installation of home interiors for families in need in Dallas$75,000
El Paso Community Foundation, El Paso, TexasToward support of emergency needs related to the El Paso sector migrant surge $75,000
El Pasoans Fighting Hunger, El Paso, TexasToward specialized processing rooms to process large quantities of food onsite and reduces food waste and costs$75,000
For Oak Cliff (a fund of The Dallas Foundation), Dallas, TexasToward expanding education programming and wraparound services for adults and children in south Oak Cliff$125,000
Frazier Revitalization Inc.,
Dallas, Texas
Toward home improvements and wraparound support in the Frazier neighborhood of Dallas$75,000
Guadalupe Neighborhood Development Corporation, Austin, TexasToward increasing the number of low-to-moderate income homeowners in east Austin$110,000
Guyon Saunders Resource Center, Amarillo, TexasToward a new building that will house resources to alleviate or prevent homelessness$100,000
Hermann Park Conservancy, Houston, TexasToward the rehabilitation and improvement of 26 acres of parkland$50,000
Houston’s Amazing Place, Houston, TexasToward the expansion of a dementia-specific day program to a second location$50,000
In the Streets – Hands Up High Ministry, Bastrop, TexasToward providing emergency access to water for transitional living shelters and a soup kitchen$50,000
Jubilee Park & Community Center, Dallas, TexasToward preserving homes and preventing displacement of low-income residents in the Jubilee Park neighborhood in southeast Dallas$100,000
The Meadows Foundation Partnership Fund on behalf of Housing Forward (a fund of Communities Foundation of Texas), Dallas, TexasToward the expansion of a regional rehousing initiative for those experiencing homelessness in Dallas and Collin counties$500,000
Mission Granbury, Granbury, TexasToward completing renovations of the Resource Center Hub $100,000
New Friends New Life, Dallas, TexasPresidential authority to expend up to $500,000 to replicate a successful social enterprise model and to convert the wildflower lot property in the Wilson Historic District into a farm, contingent upon an environmental survey of the land$500,000
NewDay Services for Children & Family, Fort Worth, TexasToward parenting programs for parents and caregivers whose children are at risk of removal by Child Protective Services$50,000
Senior Citizens of Greater Dallas, Dallas, TexasToward replacement of rooftop heating, ventilating, and cooling units$50,000
Shepherd Inn Transitional Housing, Dallas, TexasToward access to housing and post-treatment services for women recovering from addiction and post-traumatic stress disorder$10,000
Streetside Showers Inc., McKinney, TexasToward providing an additional mobile unit to provide showers and laundry services to the homeless communities in Dallas, Collin, and Denton counties$60,000
Taste Project, Fort Worth, TexasToward program expansion to address immediate nutritional needs and provide workforce solutions in Arlington$100,000
Texas Appleseed, Austin, TexasToward developing policy solutions that focus on preventing and alleviating youth homelessness$75,000
Texas Legal Services Center, Austin, TexasToward expanding a statewide legal helpline for people involved with Child Protective Services and other child safety matters$199,000
Texas Rural Funders, Austin, TexasToward membership for 2023$10,000
The Human Impact, Dallas, TexasToward increasing staff and organizational capacity to support more individuals experiencing chronic homelessness in Dallas$25,000
The Nest Foundation, Los Angeles, CaliforniaToward designing and implementing tools and policies in schools to support students that have been victims of sexual abuse$100,000
Transformations by Austin Angels, Austin, TexasToward expanding to serve more children and youth in foster care in Central Texas$50,000
Transition Resource Action Center (a fund of Communities Foundation of Texas), Dallas, TexasToward transition and capacity building to establish the organization as an independent nonprofit, separate from CitySquare$250,000
West Texas Food Bank, Odessa, TexasToward expanding warehouse space and building a volunteer center $250,000
Women in Need of Generous SupportToward expanding financial literacy resources in the southern sector of Dallas$75,000

OUR PEOPLE




FINANCIAL STATEMENTS

December 31, 2023, and 2022

Statements of Financial Position
2023 2022
Assets
Cash and cash equivalents  $      1,071,648  $         2,342,408
Investments       670,845,771       651,618,469
Program-related investments, net          21,460,423         21,921,515
Fixed assets, net             318,980             273,097
Other assets             609,644             269,400
       Total assets  $   694,306,466  $   676,424,889
Liabilities and Net Assets
Accounts payable and accrued liabilities  $       1,100,419  $          930,886
Grants payable, net of discount         25,990,765         23,344,371
Accrued pension and postretirement benefits           3,536,720           3,878,230
Federal current and deferred tax payable             576,532               17,488
       Total liabilities         31,204,436         28,170,975
Net assets without donor restrictions
   Designated for Robert Meadows Fund             600,000             600,000
   Designated for Jack Hammack Fund             150,000             250,000
   Designated for Linda P. Evans Fund             104,000             469,000
   Designated for Mark Meadows Fund             425,000             500,000
   Undesignated       661,823,030       646,434,914
         Total net assets       663,102,030       648,253,914
Total liabilities and net assets  $   694,306,466  $   676,424,889
Statements of Activities
2023 2022
Investment Return
Dividends and interest  $      4,311,454  $      3,223,652
Net realized loss on investments         (3,153,650)         (3,636,707)
Net unrealized gain (loss) on investments        66,979,505       (52,891,508)
Other income          2,185,091          2,344,409
Investment and related fees         (9,759,915)       (10,011,375)
Income and excise tax expense             (576,073)              13,004
Investment return, net        59,986,412       (60,958,525)
Grants and Operating Activities
Grants awarded        31,965,222        18,109,015
Program-related expenses          6,582,312          5,454,261
Direct charitable activities             233,184             117,947
Grants management          2,626,344          2,792,823
General management          3,876,017          3,780,064
Total grants and operating activities        45,283,079        30,254,110
Change in net assets from operating activities        14,703,333       (91,212,635)
Non-operating Activities
Pension and postretirement changes other than the service cost component of net periodic benefit cost             144,783              19,296
Change in net assets without donor restrictions        14,848,116       (91,193,339)
Net assets without donor restrictions, beginning of year      648,253,914      739,447,253
Net assets without donor restrictions, end of year  $   663,102,030  $   648,253,914
Statements of Cash Flows
2023 2022
Cash flows from operating activities
Change in net assets  $    14,848,116  $    (91,193,339)
Adjustments to reconcile change in net assets to net cash used in operating activities:
Depreciation             554,249             750,189
Net realized loss on investments           3,153,650           3,636,707
Net unrealized (gain) loss on investments       (66,979,505)         52,891,508
Pension and postretirement changes other than net periodic benefit cost            (325,309)               25,648
Changes in operating assets and liabilities:
Increase in other assets            (340,244)            (104,122)
Increase (decrease) in accounts payable and accrued liabilities             169,533            (229,067)
Increase (decrease) in grants payable           2,646,394         (9,001,191)
Increase (decrease) in deferred excise taxes payable             559,044            (591,829)
Decrease in accrued pension and postretirement benefits (16,201) (88,034)
Net cash used in operating activities       (45,730,273)       (43,903,530)
Cash flows from investing activities
Proceeds from sales of investments       342,212,597       293,763,189
Purchases of investments      (297,614,044) (250,213,623)
Investment in PRI loan                        -                300,000
Capital expenditures (139,040) (85,981)
   Net cash provided by investing activities 44,459,513 43,763,585
Net decrease in cash and cash equivalents         (1,270,760)         (139,945)
Cash and cash equivalents, beginning of year 2,342,408 2,482,353
Cash and cash equivalents, end of year  $    1,071,648  $     2,342,408
Supplemental cash flow information
Income and excise tax paid, net of refunds   $ 260,000 $ 566,710
Noncash items
Rent-free lease income 2,143,169  2,332,954
Grants of free office space 4,128,073 2,085,449
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