Allen Family Foundation
Allen Family Foundation is a private foundation, based in Woodbridge, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $16.8M in total assets. In 2024, it awarded 6 grants totaling $400K. Net investment income was $1.9M.
Key facts about Allen Family Foundation
In short: Allen Family Foundation gave $400K across 6 grants in 2024 (avg $67K), mostly in Iowa. Source: 2024 IRS Form 990-PF.
- EIN
- 38-7278393
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $400,011
- Grants made (2024)
- 6
- Average grant
- $66,669
- Median grant
- $50,000
- Total assets
- $16,766,401
- Primary geography
- Iowa (50% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated October 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.8M
+12.5% YoY
Annual Giving
$400K
-39.4% YoY
Grant Count
6
+50.0% YoY
Avg Grant Size
$67K
-59.6% YoY
Under IRS private-foundation payout rules, Allen Family Foundation reported a distributable amount of $736K for 2024 — the minimum it must pay out in qualifying distributions.
How Allen Family Foundation gives
- In 2024 it paid out 55% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $400K (2024) to $660K (2023). In 2024 it made 6 grants totaling $400K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was United Way Quad Cities ($150K). Together the top 6 received $400K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 6 grants of 15 (40%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Way Quad Cities Bettendorf, IA | General Support | $150,000 |
| Agriculture Future of America Kansas City, MO | General Support | $100,000 |
| Evans Scholars Foundation Glenview, IL | General Support | $50,000 |
| John Deere Classic Silvis, IL | General Support | $50,000 |
| American Red Cross Boone, IA | General Support | $50,000 |
| Charitable Distributions Paid Through Partnerships New York, NY | General Support | $11 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,766,401 | $14,908,434 | $15,020,414 |
| Revenue | $2,862,410 | $587,429 | $2,693,077 |
| Expenses | $468,296 | $698,870 | $872,717 |
| Qualifying Distributions | $407,563 | $666,527 | $657,145 |
| Net Investment Income | $1,856,717 | $289,504 | $1,390,423 |
| Distributable Amount | $736,096 | $649,866 | $616,707 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 22, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 5, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 3, 2025)
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Officers and directors from IRS filings
Allen Family Foundation's only listed officer is Bessemer Trust Company, Corporate Trustee on every filing since 2021 (uncompensated).
Officers on the 2024 filing
Bessemer Trust Company
Corporate Trustee
On filings since 2021
10 hrs/week
$27K (2022) → $0 (2024)
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $13K, to Bessemer Trust Company (Corporate Trustee).
Frequently asked questions about Allen Family Foundation
How much does Allen Family Foundation give each year?
Allen Family Foundation gave $400K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $660K across 4 grants.
What is Allen Family Foundation's typical grant size?
Allen Family Foundation's median grant in 2024 was $50,000, and its average grant was $66,669, across 6 grants on its 2024 IRS Form 990-PF.
Where does Allen Family Foundation give grants?
Allen Family Foundation gives mostly in Iowa: 50% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Illinois (25%) and Missouri (25%).
Does Allen Family Foundation give general operating support?
Yes: 100% of Allen Family Foundation's 2024 grants with a stated purpose (6 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Allen Family Foundation's largest grantees?
Allen Family Foundation's largest 2024 grantees include United Way Quad Cities ($150,000), Agriculture Future of America ($100,000) and Evans Scholars Foundation ($50,000), according to its 2024 IRS Form 990-PF. Together they received 75% of its itemized 2024 grant dollars.
How large is Allen Family Foundation?
Allen Family Foundation reported $16.8M in total assets on its 2024 IRS Form 990-PF. It paid out $408K in qualifying distributions that year, against a required minimum of $736K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Allen Family Foundation's EIN?
Allen Family Foundation's EIN (Employer Identification Number) is 38-7278393. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Allen Family Foundation by hand.
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