Throughout their success, they remained grounded by their Christian faith and believed that to whom much is given, much is expected in return. Accordingly, when a company that Ted had co-founded sold in 2008, the couple founded The Ted & Shannon Skokos Foundation and were committed to being good stewards of the blessing.

Since that time, the Foundation has made major gifts to support the arts, presidential libraries, hospitals, shelters for women and children, and Christian ministries, and has endowed numerous academic scholarships. In 2009, the Foundation made a $10 million gift to the Dallas Center for the Performing Arts and later supplemented that gift with an additional $2 million gift to advance inspiration through the arts.

From inception, the Foundation and its founders have been committed to the enrichment of human self-worth, the appreciation of selfless sacrifice, the responsibility of embracing those suffering, and the quest for medical advancement to improve the lives of all, from supporting hospital nurses assigned to the COVID wings during the height of the global pandemic, to making Christmas magic happen for abused and neglected children in local shelters, to serving meals to police officers in appreciation for their sacrifice and service.