Alea Family Foundation Ltd
Alea Family Foundation Ltd is a private foundation, based in Frankfort, KY. IRS filing data is available from 2022 through 2023. As of 2023, the organization holds $221K in total assets. In 2023, it awarded 2 grants totaling $47K. Net investment income was $21K.
Alea Family Foundation Ltd at a glance
In short: Alea Family Foundation Ltd gave $47K across 2 grants in 2023 (avg $23K), mostly in Kentucky. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $46,785
- Grants made (2023)
- 2
- Average grant
- $23,393
- Median grant
- $23,393
- Total assets
- $220,718
- -11.7% vs 2022
- Primary geography
- Kentucky (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Alea Family Foundation Ltd funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2023
The largest 2023 recipient was Multiply Church ($30K). Together the top 2 received $47K.
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 2 itemized grants.
States
Cities
How Alea Family Foundation Ltd gives
- In 2023 it paid out 420% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2023 it made 2 grants totaling $47K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Multiply Church Frankfort, KY | General Church Operations | $30,000 |
| The Frankfort Christian Academy Frankfort, KY | Tuition Scholarship & Tuesday Giving | $16,785 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | $220,718 | $26,160 | $55,495 | $46,785 | 2 | $50,118 | $20,783 | $11,940 |
| 2022 | $250,053 | $250,053 | — | — | — | — | $53 | $336 |
Under IRS private-foundation payout rules, Alea Family Foundation Ltd reported a distributable amount of $12K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Alea Family Foundation Ltd's 2023 filing lists 3 officers; none of the 3 officers listed in 2023 report compensation.
Officers on the 2023 filing
Allen Sweeney
Director
On filings since 2022
1 hr/week
No compensation reported
Julie Walton
Director
On filings since 2022
1 hr/week
No compensation reported
Lauren Sweeney
Director
On filings since 2022
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2022–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Alea Family Foundation Ltd
How much does Alea Family Foundation Ltd give each year?
Alea Family Foundation Ltd gave $47K across 2 grants in 2023, according to its 2023 IRS Form 990-PF.
How large is Alea Family Foundation Ltd?
Alea Family Foundation Ltd reported $221K in total assets on its 2023 IRS Form 990-PF. It paid out $50K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets).
Where does Alea Family Foundation Ltd operate?
Alea Family Foundation Ltd has awarded grants in Kentucky.
What is Alea Family Foundation Ltd's EIN?
Alea Family Foundation Ltd's EIN (Employer Identification Number) is 92-1441423. IRS Form 990 filing data is available on this page for 2022–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2023
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