# Albert & Bessie Mae Kronkosky Charitable Foundation

Albert & Bessie Mae Kronkosky Charitable Foundation is an Endowment / Foundation based in San Antonio, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** San Antonio, United States
- **Region:** North America
- **Address:** 112 E. Pecan St Suite 830, San Antonio, TX 78205, United States
- **Founded:** 1998
- **Assets under management:** 413 (Altss estimate)
- **Website:** kronkosky.org
- **LinkedIn:** https://www.linkedin.com/company/kronkosky

## Regulatory record

- **Reports private funds:** No

## About

Albert Kronkosky Jr. and Bessie Mae Kronkosky established the foundation through their wills. Albert died in 1997 and Bessie Mae in 2010. The endowment originated from Albert Sr.'s early stake in Merck & Company plus ownership in Gebhardt Food Company and San Antonio Drug Company. The foundation makes grants in health, education and community services within four Texas counties. It holds a long-term position in Merck stock as its primary endowment asset. Additional holdings include the former family ranch transferred to the state and Kronkosky Place, a community center now operated by the Benedictine Sisters. No fund commitments or co-investments with external managers appear in records. Activity remains confined to direct grant-making inside the defined Texas footprint. The foundation lists no disclosed headcount or additional offices beyond its San Antonio headquarters. It maintains memberships in Philanthropy Southwest and the Greater San Antonio Chamber of Commerce. Laura Vaccaro serves as CEO and J. Tullos Wells acts as Managing Director. Bank of America serves as trustee and custodian. Governance rests with a small board that includes the named principals. The structure channels all distributions through the foundation entity without separate family investment vehicles or succession to operating businesses.

## Sectors

- Healthcare Services

## People

- Laura Vaccaro — CEO
- J. Tullos Wells — Managing Director and Director

## Questions

### Who runs investment decisions at the Albert & Bessie Mae Kronkosky Charitable Foundation?

Laura Vaccaro serves as CEO and J. Tullos Wells serves as Managing Director and Director. Decisions center on grant allocation within the four-county Texas mandate.

### Does the foundation participate in fund commitments or only direct deals?

Records show only direct grant-making. No external fund commitments or co-investments are disclosed.

### What geographic areas does the foundation target?

Grants are restricted to Bandera, Bexar, Comal and Kendall counties in Texas.

### How is the foundation related to Merck & Company?

Merck stock formed the core of the original endowment through Albert Kronkosky Sr.'s early investment and relationship with George Merck.

## Related profiles

- [Salem Partners Private Wealth](https://altss.com/profile/salem-partners-private-wealth)
- [Armstrong World Industries](https://altss.com/profile/armstrong-world-industries)

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Last updated: 2026-07-06T00:30:39.829Z

Canonical page: https://altss.com/profile/albert-bessie-mae-kronkosky-charitable-foundation

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