Skip to main contenteyrtsdbdezyduetrdyc

The J. E. and L. E. Mabee Foundation, Inc.

Profile

Last Updated: 2016-07-14

At A Glance

The J. E. and L. E. Mabee Foundation, Inc.

401 S. Boston, Ste. 3001

Tulsa, OK United States 74103-4017

URL: www.mabeefoundation.com

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2015-08-31)

Assets: $909,117,622

Total giving: $34,842,200

EIN

736090162

BRIDGE Number

4341212683

Additional Contact Information

Additional tel. (for Midland, TX): (432) 682-5902

Background

Incorporated in 1948 in DE - A multi-millionaire oil operator, drilling contractor, and rancher, Mr. Mabee founded the Mabee Petroleum Corp. and held numerous stock investments managed by Mabee interests in Tulsa, OK. Mr. and Mrs. Mabee created the foundation to handle their philanthropic activities; through it, they donated millions of dollars to educational, medical, and charitable organizations during their lifetimes After the death of Mr. Mabee in 1961, the foundation was named the principal beneficiary of his estate which consisted of shares in Mabee Royalties and Mabee Investments. In 1965, Mrs. Mabee died and left the bulk of her estate to the foundation

Purpose and Activities

Giving to aid religious organizations, charitable organizations, and institutions of higher learning; and to support hospitals and other agencies and institutions engaged in the discovery, treatment, and care of diseases. Grants are limited to building projects and purchase of major medical equipment.

Fields of Interest

Subjects
  • Higher education
  • Hospital care
  • Human services
  • Youth organizing
  • Youth services
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people

Financial Data

Year ended 2015-08-31

Assets: $909,117,622 (market value)

Expenditures: $38,808,156

Total giving: $34,842,200

Qualifying distributions: $35,403,928

Giving activities include:

$34,842,200 for grants