John G. and Marie Stella Kenedy Memorial Foundation (KMF)

John G. and Marie Stella Kenedy Memorial Foundation (KMF)

The foundation was created in 1960 by Sarita Kenedy East, granddaughter of Mifflin Kenedy. It operates as a 501(c)(3) supporting Catholic and non-sectarian causes primarily in South Texas. The foundation allocates roughly 1.21 percent to private equity while holding the majority of its portfolio in land and mineral rights. Confirmed holdings include the Kenedy Ranch across multiple divisions, oil and gas interests in Kenedy and Nueces Counties, and a 9,600-acre lease to Pattern Energy for the Gulf Wind facility. Geographic exposure centers on South Texas with additional ranch property in Colorado. The foundation reports an investment portfolio valued near $495 million alongside real assets. It maintains relationships with legal counsel including Baker Botts LLP and McGinnis Lochridge. Board members have included Paul L. Foster and Anna B. Galo, who also serve on the Texas Parks and Wildlife Commission. In November 2024 the foundation sponsored the Coastal Bend Day of Giving in Corpus Christi. The foundation's architecture ties grant-making directly to ownership of operating ranch assets and mineral rights rather than relying on external fund commitments.