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The Priddy Foundation

Profile

Last Updated: 2016-10-21

At A Glance

The Priddy Foundation

807 8th St., Ste. 1010

Wichita Falls, TX United States 76301-3310

Telephone: (940) 723-8720

URL: www.priddyfdn.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2015-12-31)

Assets: $177,699,116

Total giving: $5,940,750

EIN

756029882

BRIDGE Number

2007551879

Background

Established in 1963 in TX - Founded in 1963 by Walter M. Priddy and Swannanoa H. Priddy, The Priddy Foundation was primarily a vehicle for the founders' personal charities, with principal focus on Wichita Falls, Texas and the states of Virginia, the birthplace of Walter, and North Carolina, the birthplace of Swannanoa. In addition to Swannanoa and Walter Priddy, the original trustees were their sons, Robert T. Priddy, Charles H. Priddy, and Ashley H. Priddy, plus a few close friends

Purpose and Activities

The foundation is dedicated to the support of programs in human services, education, the arts, and health, which offer significant potential for individual development and community improvement.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Capital Grants

The foundation board will consider capital projects for buildings and major items of equipment. Approval is more likely if the project has broad support from organizations and individuals to the extent that the foundation's requested share of the project does not exceed twenty percent of the total project budget. Before a capital grant is funded, the organization must attain the project fundraising goal and document that funds raised are sufficient to complete the project as presented in the grant application.

Operating Grants

Although the foundation is wary of fostering annual budget dependency on the part of a grantee agency, our board recognizes that there are circumstances in which a grant for general operating purposes might be critical to an organization’s success or viability. Such grants would be for a limited period of time. Among other conditions which might be imposed, based on a specific organization's application, a grantee organization will be required to present a practicable plan to achieve self-sufficiency without additional foundation funding. During the term of the grant the grantee organization might also be required to enter into a formal consulting arrangement with a Center for Nonprofit Management, or a similar organization, also with the objective of becoming self-sufficient.

Organizational Development Grants

Recognizing the importance of the vital work performed by nonprofit agencies, the foundation has an interest in assisting organizations strengthen and equip themselves to serve even more effectively in a complex and changing world. The foundation will, therefore, consider grants to organizations for such things as board and staff development, planning initiatives, technical assistance, technology enhancements, and capital projects. Organizational development grants will be dependent on a comprehensive plan supported by the organization’s board, outside professional assistance (e.g., Center for Nonprofit Management), if appropriate, and absolute linkage between the development plan and the ability of the organization to achieve its mission more effectively.

Program Grants

The foundation gives highest priority to organizations seeking funds for service extension or implementation of new services. Projects should make a difference in the lives of people served by dealing effectively with known problems or opportunities. Results should be capable of evaluation against defined standards of measurement. Proposals should be realistic concerning the ability of the organization to conduct the program and to sustain the program beyond the period a grant from the foundation may cover.

Fields of Interest

Subjects
  • Arts and culture
  • Community and economic development
  • Education
  • Health
  • Human services
  • Youth development
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students

Financial Data

Year ended 2015-12-31

Assets: $177,699,116 (market value)

Gifts received: $10,284,026

Expenditures: $8,002,632

Total giving: $5,940,750

Qualifying distributions: $6,822,735