Tullos Wells plans to step down as managing director of the Kronkosky Charitable Foundation by the end of this year.
He’s led the noted philanthropic group since 2014.
Filling that void won’t be easy, given the impact Wells has had on the organization and on San Antonio from a business, civic and charitable standpoint.
David Bader of Bank of America, which is a trustee of the foundation and has management responsibility for its operations and the investment of its assets, said Wells has provided
Tullos Wells, managing director of The Kronkosky Charitable Foundation, was among the leaders who stepped up to boost Covid-19 testing in the region in the height of the pandemic. the organization “bold and visionary leadership.” This isn’t about retirement for Wells. It’s more of an occupational shift — in some ways back to a more familiar and active role with the law firm Bracewell & Giuliani LLP, where he has been a senior partner since 1999.
“I’m going to get back to my law firm and spend some time with them and some other projects through folks I’ve worked with for a long time,” Wells told me.
The Kronkosky Foundation was established through a trust agreement in 1991, receiving $295 million in principal funding as a distribution from the estate of Albert Kronkosky Jr. in 1997. Since its inception, the foundation has provided more than $325 million in grants to nonprofit organizations and programs in Bandera, Bexar, Comal and Kendall counties. It currently has more than $400 million in assets.
“When you have that much money, it’s kind of hard to not use it in good ways,” Wells said. “That’s what I think we’ve done.”
In September 2020, it was Wells, along with former Rackspace Technology Inc. Chairman Graham Weston and Tobin Endowment Chairman J. Bruce Bugg, who co-founded Community Labs, an Alamo City nonprofit formed to improve and expand Covid-19 testing in the region during the initial height of the pandemic.
“I’m going to be around San Antonio. I’ll still be helping with Community Labs and some other things,” Wells said. “I’ll be in the neighborhood.”
Wells, who had previously served as general counsel to the San Antonio Spurs and to a number of privately held and publicly traded companies, has also served as honorary consul to Canada in San Antonio since 2005.
A search for Wells’ successor is underway. Lehman Associates of Austin is leading that search, but Wells said he will have a role in the process. Wells will also remain with the foundation as an advisor and resource until his successor has transitioned into the leadership role.
“We just started the search and are very bullish about the folks we’ve initially spoken to and the caliber of people who are interested,” he said.
San Antonio Business Journal