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Albert and Margaret Alkek Foundation

Profile

Last Updated: 2016-06-06

At A Glance

Albert and Margaret Alkek Foundation

1100 Louisiana St., Suite 5250

Houston, TX United States 77002-5227

Telephone: (713) 652-6601

URL: www.alkek.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business
  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $238,898,192

Total giving: $11,950,000

EIN

760491186

BRIDGE Number

4108535692

Background

Established in 1995 in TX - Founded by Albert B. and Margaret Alkek. Mr. Alkek spent 17 years working for Pierce Petroleum until it was bought by the Sinclair Oil Corporation in 1948. His new boss, Harry Sinclair, helped him form his own oil company, the Sinclair Alkek Company. Together, the two men built Texas's first petroleum products pipeline. Mr. Alkek created a living legacy in the wording of his last will and testament. In it, he laid out a road map that created the Albert and Margaret Alkek Foundation. Upon his death, in 1995, the foundation took up the work to which Mr. Alkek and his family had devoted considerable thought, energy and wealth. The foundation continues to provide support for charitable, religious, scientific (primarily medical), cultural and educational organizations and programs serving the people of the state of Texas. The majority of the foundation’s grants reflect Mr. Alkek’s preferences for research and education-related projects that will pay lasting dividends in terms of new discoveries and improved quality of life. Additional grants reflect the Alkek family’s strong community involvement, both in Houston and throughout the state.

Purpose and Activities

Giving primarily for higher education and medical research.

Fields of Interest

Subjects
  • Diseases and conditions
  • Higher education
  • Medical education
Population Groups
  • Academics
  • Children and youth

Financial Data

Year ended 2014-12-31

Assets: $238,898,192 (market value)

Gifts received: $1,563,036

Expenditures: $16,655,530

Total giving: $11,950,000

Qualifying distributions: $12,222,543