The Hoblitzelle Foundation was established as a charitable trust in 1942 and incorporated in the 1950s. Its more than 1,580 grants have invested $89 million in the social-service, cultural, educational, medical, preservation, and civic organizations of Texas. Karl St. John Hoblitzelle's will stated a preference for foundations that "serve to telescope time"-i.e., that "bring into being a project or program of great promise and worth which might well fail or be long deferred because of lack of financial support from other sources," rather than making "gifts to programs which have already been activated." Although Hoblitzelle also wrote that he "had no intent to chart or blueprint its future benevolence," the foundation's directors have endeavored to follow his philanthropic views in their support of capital projects that help enable nonprofit organizations to acquire the tools, facilities, and footing needed to pursue their varied goals. Past recipients include the Salvation Army, the YMCA, the North Texas Food Bank, the Dallas Museum of Art, Ballet Folklorico, and the Texas Nature Conservancy. The foundation's offices are located in Dallas. It has a staff of two and a noncompensated board of five to eleven directors who are elected for life. The board meets every four months to consider proposals and review the administrative and investment policies and performance of the foundation. The Hoblitzelle Foundation is a member of several professional organizations, including the Conference of Southwest Foundations, the Council on Foundations, the Independent Sector, and the Philanthropy Roundtable.