# Records-Johnston Family Foundation

Records-Johnston Family Foundation is an Endowment / Foundation based in Oklahoma City, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Oklahoma City, United States
- **Region:** North America
- **Address:** Oklahoma City, OK, United States
- **Founded:** 1951
- **Assets under management:** $90M–$110M (Altss estimate)
- **Website:** recordsjohnston.org

## Regulatory record

- **Reports private funds:** No

## About

The Records-Johnston Family Foundation was established in Oklahoma in 1951, originally named the Willard Johnston Foundation after Ross Johnston, whose daughter married George J. Records. The foundation now operates as the philanthropic vehicle for the family behind MidFirst Bank, the largest privately held bank in the United States by asset size, with the Records family holding majority control. George J. Records serves as President and Director, while his son, G. Jeffrey Records Jr. — MidFirst's CEO — is Vice President and Director. Todd A. Dobson, a senior executive at MidFirst Bank, chairs the board. The foundation directs its grant-making toward education, human services, and voluntarism, concentrating geographically in Oklahoma, Colorado, and California. Beyond traditional philanthropy, the family's investment footprint includes a substantial real estate portfolio spanning mixed-use properties in Oklahoma City, residential holdings in Oklahoma and Colorado, and commercial real estate across both states. Known assets include Mazaheri Properties Holding, a surface parking lot at 101 SE 4th Street in downtown Oklahoma City, and equity in Midland Financial Co., the holding company for MidFirst Bank. The foundation's assets are estimated at roughly $99M, placing it in the mid-sized private foundation tier nationally. G. Jeffrey Records Jr. extends the family's institutional reach through board service at the Smithsonian Institution and a trusteeship at Claremont McKenna College. George J. Records sits as a Distinguished Overseer of the Hoover Institution. May 2024: The foundation maintained its consistent grant-making cadence across 35+ charitable organizations, with disbursements concentrated in Oklahoma and Colorado educational institutions, May 2024). The Records-Johnston Family Foundation is structurally distinct from most private foundations because its corpus operates alongside — not separate from — the family's controlling stake in a $6B+ regional bank holding company. This hybrid posture means the foundation's grant-making strategy is informed by the conservatism and liquidity management of a private banking enterprise, not an aggressive endowment model. Allocation decisions flow through the same family governance structure that oversees MidFirst Bank, creating an unusually concentrated alignment between philanthropic capital and operating-company control.

## Sectors

- Education
- Human Services
- Real Estate
- Philanthropy

## People

- George J. Records — President and Director
- G. Jeffrey Records Jr. — Vice President and Director
- Todd A. Dobson — Chairman of the Board and President

## Questions

### Who runs investment decisions at the Records-Johnston Family Foundation?

Investment and grant-making decisions are overseen by George J. Records as President and Director, with his son G. Jeffrey Records Jr. serving as Vice President and Director. Todd A. Dobson, Chairman of the Board, is a senior executive at MidFirst Bank. The foundation's governance is tightly interwoven with the family's controlling stake in MidFirst Bank, meaning allocation decisions flow through the same family principals who manage the bank's balance sheet.

### How is the foundation's investment portfolio composed?

The foundation's corpus of roughly $99M combines grant-making in education, human services, and voluntarism with a significant real estate portfolio. Known real estate assets include Mazaheri Properties Holding in Oklahoma City, residential portfolios in Oklahoma and Colorado, and commercial real estate in both states. The foundation also holds equity in Midland Financial Co., the parent of MidFirst Bank.

### What is the relationship between the foundation and MidFirst Bank?

MidFirst Bank is the operating business controlled by the Records family, and the foundation's governance overlaps substantially with bank leadership. G. Jeffrey Records Jr. is CEO of MidFirst Bank and Vice President of the foundation. Todd A. Dobson is Chairman of the foundation board and a senior executive at MidFirst. The foundation also holds equity in Midland Financial Co., the bank's holding company.

## Related profiles

- [IPREM Pouso Alegre](https://altss.com/profile/iprem-pouso-alegre)
- [Katherine Mabis McKenna Foundation](https://altss.com/profile/katherine-mabis-mckenna-foundation-inc)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/records-johnston-family-foundation-inc

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology