Overview
The Karakin Foundation, based in Abilene, Texas, is a significant philanthropic organization with assets totaling over $185 million. In the most recent fiscal year, the foundation reported expenses of approximately $18 million and revenue of $58 million. The foundation supports a wide range of cities across the United States, including major urban centers like New York, San Francisco, and Houston, as well as smaller communities. It operates in numerous states, such as California, Texas, and New York, among others. The leadership team includes Kade L. Matthews as Chairman/President, Joseph E. Canon as Executive Vice President, and other key executives. Despite its substantial financial activities, the foundation does not have a publicly available website or specified subject areas of focus.
Focus areas
Geographic focus
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Financials
in 2024, compared to $145,162,912 in 2023
129 grants awarded in 2024
Of total expenses go to programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $4,000,000 | ABILENE IMPROVEMENT CORPORATION | DOWNTOWN HOTEL PROJECT | 400 PINE ST SUITE 500 ABILENE, TX US | 2022 |
| $1,500,000 | ABILENE CHRISTIAN UNIVERSITY | HIGHER GROUND CAMPAIGN - PHASE II RENOVATION OF MOODY COLISEUM | 1600 CAMPUS CT ABILENE, TX US | 2023 |
| $1,000,000 | ABILENE HERITAGE SQUARE INC | LINCOLN MIDDLE SCHOOL RENOVATION | PO BOX 1699 ABILENE, TX US | 2022 |
| $1,000,000 | ABILENE HERITAGE SQUARE INC | LINCOLN MIDDLE SCHOOL RENOVATION | PO BOX 1699 ABILENE, TX US | 2023 |
| $1,000,000 | GROVER NELSON PARK ZOOLOGICAL FOUNDATION | PHASE I FUNDING | 2070 ZOO LANE ABILENE, TX US | 2024 |
| $1,000,000 | ABILENE HERITAGE SQUARE INC | LINCOLN MIDDLE SCHOOL RENOVATION | PO BOX 1699 ABILENE, TX US | 2024 |
| $1,000,000 | ABILENE YOUTH SPORTS AUTHORITY | TO CONSTRUCT 10 SOCCER FIELDS LOCATED IN NELSON PARK BEHIND DODGE JONES YOUTH SPORTS CENTER. | 1042 LOOP 322 ABILENE, TX US | 2024 |
| $713,500 | SIGN FRACTURES CARE INTERNATIONAL | SIGN FRACTURE CARE | 2950 GEORGE WASHINGTON WAY RICHLAND, WA US | 2023 |
| $700,000 | SIGN FRACTURES CARE INTERNATIONAL | SIGN FRACTURE CARE | 2950 GEORGE WASHINGTON WAY RICHLAND, WA US | 2022 |
| $600,000 | FOOD BANK OF WEST CENTRAL TEXAS | RENOVATE FOOD BANK | 5505 N 1ST ABILENE, TX US | 2024 |
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People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
KLM
KADE L MATTHEWS
| CHAIRMAN/PRESIDENT | $87244 | 2024 |
JEC
JOSEPH E CANON
| EXECUTIVE VICE PRESIDENT / EXECUTIVE D | $87096 | 2024 |
JEC
JOSEPH E CANON
| EXECUTIVE VICE PRESIDENT / EXECUTIVE D | $85073 | 2023 |
KLM
KADE L MATTHEWS
| CHAIRMAN/PRESIDENT | $83778 | 2023 |
JEC
JOSEPH E CANON
| EXECUTIVE VICE PRESIDENT / EXECUTIVE D | $82925 | 2022 |
KLM
KADE L MATTHEWS
| CHAIRMAN/PRESIDENT | $81431 | 2022 |
JB
JEFF BLANKS
| SENIOR VICE PRESIDENT/OPERATIONS OFFIC | $80812 | 2024 |
JB
JEFF BLANKS
| VICE PRESIDENT / TREASURER / CHIEF FIN | $75924 | 2023 |
JB
JEFF BLANKS
| VICE PRESIDENT / TREASURER / CHIEF FIN | $74192 | 2022 |
LSB
LINDA S BUCKNER
| VICE PRESIDENT / SECRETARY / PROPERTY | $51314 | 2022 |
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on August 25, 2025