GrantAuthority

Circuit Events Local Organizing Committee

Grantmaking foundation in Austin, Texas · EIN 45-2727397

Total giving
$54MTax year 2024
Total assets
$1.6MLatest reported
Latest IRS filing
2024Form 990 / 990-PF

Mission

THE PURPOSES OF CIRCUIT EVENTS LOCAL ORGANIZING COMMITTEE ARE TO (1) ASSIST WITH ORGANIZATION, ADMINISTATION, MANAGEMENT, PROMOTION, FACILITATION, AND OPERATION RELATED TO HOSTING THE FORMULA ONE UNITED STATES GRAND PRIX AND OTHER EVENTS, COMPETITIONS, AND ACTIVITIES AS MAY BE HOSTED BY THE CORPORATION IN THE DISCRETION OF THE BOARD OF DIRECTORS AND (2) PROMOTE THE PUBLIC INTEREST OF THE CITY OF AUSTIN, TRAVIS COUNTY, AND THE STATE OF TEXAS.

Quoted from the foundation's IRS filing.

Giving by year

$29M2020
$14M2021
$29M2022
$63M2023
$54M2024

Totals by tax year, rounded to two significant figures. Years without a reported total show the sum of grants itemized on the filing.

Top recipients

RecipientAmountTax year
Circuit of the Americas$29M2022

Amounts are rounded. The full grantee list is available with a free account.

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Source: IRS Form 990 and 990-PF filings, tax year 2024. Also see this organization on ProPublica Nonprofit Explorer.