In 1962 | Carr P. Collins, Sr. created the Carr P. Collins Foundation Inc. This foundation had support of education as its central mission and granted numerous donations in support of programs at Baylor University and Southern Methodist University.

Existing educational and health-related programs at Baylor University that have as their genesis donations from the Carr P. Collins Foundation include:

In 1980 | Upon Collins' death, his daughter, Ruth Collins Sharp Altshuler assumed the stewardship of the Foundation. Under her leadership, the scope of the Foundation's bequests broadened.

Among the esteemed organizations enriched in some way by the Foundation under her leadership are:

In 1993 | The Collins family reorganized the Foundation's resources to fund three equal foundations. This reorganization created a distribution of assets into three separate parts, one-third to the James M. Collins Foundation, one-third to the Ruth C. and Charles S. Sharp Foundation, and one-third to the newly renamed Calvert K. Collins Family Foundation which, since 1994, has focused its philanthropic activity on supporting:

The Foundation is a nonprofit charitable organization exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code and a private foundation under Section 509(a) of the code. Resources for the Foundation's activities are provided by investment income; no funds are solicited from or provided by the public.