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    3. Burnett Foundation

    Burnett Foundation

    ActivePhilanthropy & Voluntarism
    FORT WORTH, TX8178773344
    EIN (Tax ID): 81-6523186Latest Form 990:

    About Burnett Foundation

    The Burnett Foundation concentrates philanthropic support in Fort Worth-area cultural institutions and major medical initiatives, using very large, often multi-million dollar gifts. The foundation is distinctive for multi-year/endowment-style funding to museums and arts organizations (notably the Georgia O’Keeffe Museum, Kimbell and the Fort Worth Art Association) while also underwriting significant healthcare and medical education projects, including a large commitment to TCU’s medical school. It favors a small number of high-dollar, transformative grants to local institutions.

    Focus Areas

    Major art museums and museum endowments in Fort Worth (Georgia O’Keeffe Museum, Kimbell Museum, Fort Worth Art Association)Creation and endowment support for local cultural infrastructureMedical education and healthcare facility capital funding (TCU AWM School of Medicine, Eisenhower Medical Center)Equine-related foundations and cultural heritage (American Quarter Horse Foundation)Hospital and clinical service support in the Fort Worth region (Calvary Hospital)

    Giving Approach

    Highly concentrated giving: a small portfolio (14 grants) dominated by very large, often repeated or endowment-style gifts to a handful of local flagship cultural and medical institutions rather than many small or dispersed grants.

    About Burnett Foundation

    Burnett Foundation’s recent giving is defined by a small set of very large, general-support grants to Fort Worth cultural and medical institutions. In 2023, it made a $25,000,000 grant to TCU - AWM School of Medicine, a $24,251,530 grant to the Fort Worth Art Association Endowment Foundation, and a $23,022,807 grant to the Georgia O'Keeffe Museum. Those gifts point to a funder that uses major commitments to strengthen institutional capacity rather than distribute many small awards. The foundation also returns to the same organizations across years. Georgia O'Keeffe Museum received another $2,299,652 grant in 2024, while the Fort Worth Art Association received $2,150,000 in 2023 and $1,340,801 in 2024. That pattern fits a grantmaker supporting museums and other anchor institutions over time, often through unrestricted or general support. Medical education and healthcare appear alongside arts funding in the same portfolio. Burnett Foundation gave $5,786,823 to Eisenhower Medical Center in 2023 and $2,004,860 to Calvary Hospital the same year, showing a willingness to fund major health-related capital and service needs as well as cultural infrastructure.

    What Burnett Foundation Funds

    Arts and museum funding is a central thread in Burnett Foundation’s grantmaking. The foundation gave $993,453 to Kimbell Art Museum in 2023 and $919,861 in 2024, along with $958,851 to Fort Worth Art Association Endowment Foundation in 2024, indicating continued support for museum and endowment infrastructure. It also supports horse and Western heritage organizations. American Quarter Horse Foundation received $1,254,494 in 2023 and $1,379,791 in 2024, while National Cowgirl Museum & Hall of Fame received $418,312 in 2023 and $459,930 in 2024. Higher education and medical training are another visible area. Burnett Foundation awarded $168,736 to Texas Christian University in 2023, and its largest recent grant went to TCU - AWM School of Medicine for general support. These grants show a mix of institutional support for education, health, and cultural preservation.

    How Burnett Foundation Gives

    Burnett Foundation’s grant sizes are highly skewed: the 25th percentile is $1,985, the median is $838,512, and the 75th percentile is $1,848,593. That gap reflects a portfolio with a few very large awards and a long tail of small general-support grants. The foundation’s recent activity also shows repeat support to the same organizations across 2023 and 2024, including multiple grants to museums and arts institutions. Its giving is structured as general support, often to established institutions rather than individuals or program-related investments.

    Financial Snapshot

    Annual Giving

    $7.4M

    Total Assets

    $0

    Total Revenue

    -$1.7M

    Total Expenses

    $7.4M

    Typical Grant Size

    Most grants fall between $2K and $1.8M, with a median of $839K.

    25th Percentile

    $2K

    Median

    $839K

    75th Percentile

    $1.8M

    Geographic Reach

    Regional6 states funded

    About 69% of grants go to recipients in TX.

    Funding intensity
    Low
    High
    Headquarters

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    Privacy PolicyTerms of ServiceSystem Status
    2024
    2 filings on record
    Find their full 990 filing →
    See If You're a Fit — FreeFree account · instant fit score · similar funders

    Funding Style

    unrestricted/general operating supportcore operating supportflexible fundingorganizational sustainability

    Notable grantees: Georgia O’Keeffe Museum, Fort Worth Art Association / Endowment Foundation, TCU - Amon G. Carter/ AWM School of Medicine, Eisenhower Medical Center, American Quarter Horse Foundation

    Where Burnett Foundation Makes Grants

    Burnett Foundation gives primarily in Texas, which accounts for 69% of its grants and is also its top state by grant count. Fort Worth appears repeatedly in the recipient list, including Texas Christian University, the Fort Worth Art Association, Kimbell Art Museum, and Fort Worth Zoological Association. Outside Texas, recent grants also went to Santa Fe, Oklahoma City, Rancho Mirage, and Bronx recipients. All recorded recent grants are in the US.

    Frequently Asked Questions About Burnett Foundation

    What kinds of organizations does Burnett Foundation support?

    Recent grants go to museums, arts institutions, medical education, hospitals, and heritage organizations. Examples include general support for TCU - AWM School of Medicine, Fort Worth Art Association Endowment Foundation, Georgia O'Keeffe Museum, Eisenhower Medical Center, and American Quarter Horse Foundation.

    Does Burnett Foundation give repeat support to the same organizations?

    Yes. Several recipients appear in multiple years, including Georgia O'Keeffe Museum, Fort Worth Art Association, American Quarter Horse Foundation, Kimbell Art Museum, National Cowgirl Museum & Hall of Fame, and Fort Worth Art Association Endowment Foundation.

    What is the typical grant size at Burnett Foundation?

    The grant size distribution is wide. The 25th percentile is $1,985, the median is $838,512, and the 75th percentile is $1,848,593, which indicates a mix of very small grants and very large institutional awards.

    Where does Burnett Foundation give most often?

    Texas is the top state by grant count, with 69% of grants going to recipients in the HQ state. Fort Worth shows up frequently among recipients, alongside other Texas locations such as Amarillo.

    Latest 990 Filing

    2024

    Source: IRS Form 990-PF, fiscal year 2024.

    Recent Grants

    Most recent grants reported to the IRS.

    RecipientLocationAmountYearPurpose
    GEORGIA O'KEEFFE MUSEUMSANTA FE, NM$2,299,6522024GENERAL SUPPORT
    AMERICAN QUARTER HORSE FOUNDATIONAMARILLO, TX$1,379,7912024GENERAL SUPPORT
    FORT WORTH ART ASSOCIATIONFORT WORTH, TX$1,340,8012024GENERAL SUPPORT
    FORT WORTH ART ASSOCIATION ENDOWMENT FOUNDATIONFORT WORTH, TX$958,8512024GENERAL SUPPORT
    KIMBELL ART MUSEUMFORT WORTH, TX$919,8612024GENERAL SUPPORT
    NATIONAL COWGIRL MUSEUM & HALL OF FAMEOKLAHOMA CITY, OK$459,9302024GENERAL SUPPORT
    TCU - AWM SCHOOL OF MEDICINEFORT WORTH, TX$25,000,0002023GENERAL SUPPORT
    FORT WORTH ART ASSOCIATION ENDOWMENT FOUNDATIONFORT WORTH, TX$24,251,5302023GENERAL SUPPORT
    GEORGIA O'KEEFFE MUSEUMSANTA FE, NM$23,022,8072023GENERAL SUPPORT
    EISENHOWER MEDICAL CENTERRANCHO MIRAGE, CA$5,786,8232023GENERAL SUPPORT
    FORT WORTH ART ASSOCIATIONFORT WORTH, TX$2,150,0002023GENERAL SUPPORT
    CALVARY HOSPITALBRONX, NY$2,004,8602023GENERAL SUPPORT
    AMERICAN QUARTER HORSE FOUNDATIONAMARILLO, TX$1,254,4942023GENERAL SUPPORT
    KIMBELL ART MUSEUMFORT WORTH, TX$993,4532023GENERAL SUPPORT
    SUPPORTING ORGANIZATION FOR THE GEORGIA O'KEEFFE MUSEUMSANTA FE, NM$757,1642023GENERAL SUPPORT
    NATIONAL COWGIRL MUSEUM & HALL OF FAMEOKLAHOMA CITY, OK$418,3122023GENERAL SUPPORT
    TEXAS CHRISTIAN UNIVERSITYFORT WORTH, TX$168,7362023GENERAL SUPPORT
    FORT WORTH ZOOLOGICAL ASSOCIATIONFORT WORTH, TX$12,1512023GENERAL SUPPORT
    ST ANDREWS EPISCOPAL CHURCHFORT WORTH, TX$5,8272023GENERAL SUPPORT
    FORT WORTH REPORTFORT WORTH, TX$7042023GENERAL SUPPORT
    TEXAS AND SOUTHWESTERN CATTLE RAISERS FOUNDATIONFORT WORTH, TX$1132023GENERAL SUPPORT
    TEXAS BALLET THEATERFORT WORTH, TX$392023GENERAL SUPPORT
    FORT WORTH OPERAFORT WORTH, TX$332023GENERAL SUPPORT
    FORT WORTH SYMPHONYFORT WORTH, TX$332023GENERAL SUPPORT
    COWBOY HERITAGE ASSOCIATIONAZLE, TX$232023GENERAL SUPPORT
    MAKE-A-WISH FOUNDATIONPHOENIX, AZ$172023GENERAL SUPPORT

    GEORGIA O'KEEFFE MUSEUM

    $2,299,652
    SANTA FE, NM2024

    GENERAL SUPPORT

    AMERICAN QUARTER HORSE FOUNDATION

    $1,379,791
    AMARILLO, TX2024

    GENERAL SUPPORT

    FORT WORTH ART ASSOCIATION

    $1,340,801
    FORT WORTH, TX2024

    GENERAL SUPPORT

    FORT WORTH ART ASSOCIATION ENDOWMENT FOUNDATION

    $958,851
    FORT WORTH, TX2024

    GENERAL SUPPORT

    KIMBELL ART MUSEUM

    $919,861
    FORT WORTH, TX2024

    GENERAL SUPPORT

    NATIONAL COWGIRL MUSEUM & HALL OF FAME

    $459,930
    OKLAHOMA CITY, OK2024

    GENERAL SUPPORT

    TCU - AWM SCHOOL OF MEDICINE

    $25,000,000
    FORT WORTH, TX2023

    GENERAL SUPPORT

    FORT WORTH ART ASSOCIATION ENDOWMENT FOUNDATION

    $24,251,530
    FORT WORTH, TX2023

    GENERAL SUPPORT

    GEORGIA O'KEEFFE MUSEUM

    $23,022,807
    SANTA FE, NM2023

    GENERAL SUPPORT

    EISENHOWER MEDICAL CENTER

    $5,786,823
    RANCHO MIRAGE, CA2023

    GENERAL SUPPORT

    FORT WORTH ART ASSOCIATION

    $2,150,000
    FORT WORTH, TX2023

    GENERAL SUPPORT

    CALVARY HOSPITAL

    $2,004,860
    BRONX, NY2023

    GENERAL SUPPORT

    AMERICAN QUARTER HORSE FOUNDATION

    $1,254,494
    AMARILLO, TX2023

    GENERAL SUPPORT

    KIMBELL ART MUSEUM

    $993,453
    FORT WORTH, TX2023

    GENERAL SUPPORT

    SUPPORTING ORGANIZATION FOR THE GEORGIA O'KEEFFE MUSEUM

    $757,164
    SANTA FE, NM2023

    GENERAL SUPPORT

    NATIONAL COWGIRL MUSEUM & HALL OF FAME

    $418,312
    OKLAHOMA CITY, OK2023

    GENERAL SUPPORT

    TEXAS CHRISTIAN UNIVERSITY

    $168,736
    FORT WORTH, TX2023

    GENERAL SUPPORT

    FORT WORTH ZOOLOGICAL ASSOCIATION

    $12,151
    FORT WORTH, TX2023

    GENERAL SUPPORT

    ST ANDREWS EPISCOPAL CHURCH

    $5,827
    FORT WORTH, TX2023

    GENERAL SUPPORT

    FORT WORTH REPORT

    $704
    FORT WORTH, TX2023

    GENERAL SUPPORT

    TEXAS AND SOUTHWESTERN CATTLE RAISERS FOUNDATION

    $113
    FORT WORTH, TX2023

    GENERAL SUPPORT

    TEXAS BALLET THEATER

    $39
    FORT WORTH, TX2023

    GENERAL SUPPORT

    FORT WORTH OPERA

    $33
    FORT WORTH, TX2023

    GENERAL SUPPORT

    FORT WORTH SYMPHONY

    $33
    FORT WORTH, TX2023

    GENERAL SUPPORT

    COWBOY HERITAGE ASSOCIATION

    $23
    AZLE, TX2023

    GENERAL SUPPORT

    MAKE-A-WISH FOUNDATION

    $17
    PHOENIX, AZ2023

    GENERAL SUPPORT