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Amon G. Carter Foundation incorporated in 1945 and upon the sale of oil interests in 1947 funded the foundation with more than $8.5 million. Amon Carter was founder and majority owner of Carter Publications, which owned the Fort Worth Star-Telegram, WBAP radio, and the local NBC television affiliate. The foundation plays a significant role in most major local projects. Primary fields of interest for the foundation include the arts, education; health and medical services; human and social services; programs benefiting youth and elderly; civic and community endeavors. Grants are basically directed to the Fort Worth, Tarrant County, Texas area. No loans or grants are made to individuals. The board policy targets 50 percent of grant funds to the Amon Carter Museum and 50 percent to general grants. The Amon Carter Museum opened its doors in 1961 in what is now the cultural district of Fort Worth. Carter's collection of painting and sculpture by Frederic Remington and Charles Russell is displayed along with significant works by other American artists. Carter's vision and financial generosity continues to impact the Fort Worth community. As of 2003 the Amon G. Carter Foundation had made charitable gifts totaling more than $300 million.

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