About King Family

The **King Family Foundation** is a private philanthropic organization established in 1966 by Carl B. King and his wife Florence, rooted in their legacy from the oil industry in Oklahoma and Texas. The foundation was created a year before Mr. King's death, with Florence King leading as president until her passing in 1983. The foundation focuses on charitable giving aligned with the Kings’ values of generosity and practical assistance—aiming to balance support for forward-looking opportunities with direct aid to those in need, exemplified by their ethos of “putting shoes on people’s feet”[2]. Historically, Carl B. King built his fortune through oil drilling and mineral rights, especially in the Permian Basin, which continues to financially support the foundation through bequeathed mineral properties. This connection grounds the foundation’s giving primarily in West Texas, acknowledging the region's role in its prosperity. Additionally, the Kings had personal ties to Arkansas, where the foundation also directs support, focusing on the state's most vulnerable communities as a tribute to the family’s affection for the area[2]. The foundation operates as a 501(c)(3) nonprofit with a focus on philanthropy, voluntarism, and grantmaking. Its charitable disbursements are substantial—for instance, in fiscal year 2013, it distributed over $659,000 in grants, funded largely by contributions and asset sales, maintaining assets exceeding $10 million without liabilities[1]. More recent data shows it continues grantmaking activities, exemplified by nearly $50,000 in grants in 2024, supporting educational and community organizations[9]. Key aspects that distinguish the King Family Foundation include its deep historical roots in the U.S. energy sector, a strong commitment to regional philanthropy in Texas and Arkansas, and a legacy-driven approach to charitable giving that emphasizes humility and practical impact without seeking public attention[2][1]. Its governance does not report officer compensation, reflecting a lean organizational structure focused on maximizing charitable impact[

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