PRIDDY FOUNDATION. The Priddy Foundation, a private, charitable foundation, was established in 1963 by Walter M. and Swannanoa Priddy from the profits Walter Priddy made as chairman and founder of the Sabine Corporation, an oil and gas company in Tyler. While still alive, the Priddys preferred to give to charities in Wichita Falls, Texas, Virginia (his home state), and North Carolina (her home state). Subsequently, though the foundation continued to concentrate its efforts in the North Texas area and to make a few grants in Virginia and North Carolina, it also began to support some statewide projects. Of the approximately $350,000 awarded annually, most goes to programs in human services, education, and the arts. Initially, the board consisted of five family members and two others. In 1994 the board comprised five family members, seven others, and two advisory members, under the leadership of the Priddys' eldest son, Robert T. Priddy. In 1994 Berneice R. Leath was the executive director. The operating office of the foundation is in the City National Building in Wichita Falls.