Ayres Foundation Inc
Ayres Foundation Inc is a private foundation incorporated in 1944 and located in Indianapolis, Indiana. The foundation operates as a 501(c)(3) organization and has been tax-exempt since December 1948. It functions as an independent grantmaking foundation focused on supporting community-based initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.6M
+8.6% YoY
Annual Giving
$292K
+56.6% YoY
Grant Count
55
+34.1% YoY
Avg Grant Size
$5K
+16.8% YoY
Under IRS private-foundation payout rules, Ayres Foundation Inc reported a distributable amount of $223K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary giving focuses on:
- Community services
- Educational organizations
- Cultural organizations
The foundation primarily directs its support to organizations in the Indianapolis, Indiana area.
Grantmaking
Annual giving increased 56.6% year-over-year from 2023 to 2024, with grant count rising 34.1% and average grant size increasing 16.8%.
Grant Range
$5,000
Average Grant
$5,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in the Indianapolis, Indiana area, with some giving extending to Florida and Connecticut.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $4,594,405 (up 8.6% from 2023)
- Total Revenue: $141,828
- Total Expenses: $295,074
- Qualifying Distributions: $291,700
- Net Investment Income: $138,884
- Distributable Amount: $222,900
Three-Year Financial Comparison:
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,594,405 | $4,232,296 | $3,830,771 |
| Revenue | $141,828 | $120,070 | $181,275 |
| Expenses | $295,074 | $192,614 | $223,816 |
| Qualifying Distributions | $291,700 | $186,250 | $218,050 |
Revenue Sources (2024):
- Investment income and dividends: $125,787
- Net gain from sale of non-inventory assets: $16,041
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,594,405 | $4,232,296 | $3,830,771 |
| Revenue | $141,828 | $120,070 | $181,275 |
| Expenses | $295,074 | $192,614 | $223,816 |
| Qualifying Distributions | $291,700 | $186,250 | $218,050 |
| Net Investment Income | $138,884 | $118,828 | $180,825 |
| Distributable Amount | $222,900 | $197,996 | $200,837 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
233 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Central Indiana Community Found ($18,000), Easterseals Crossroads ($15,000), Joy's House ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS INDIANAPOLIS, IN | GENERAL FUNDS | $10,000 |
| ASSISTANCE LEAGUE OF INDIANAPOLIS INDIANAPOLIS, IN | GENERAL FUNDS | $5,000 |
| BEST BUDDIES INDIANA INDIANAPOLIS, IN | GENERAL FUNDS | $5,000 |
| BIG BROTHERS BIG SISTERS OF CENTRAL INDIANAPOLIS, IN | GENERAL FUNDS | $7,500 |
| BOYS AND GIRLS CLUB OF BOONE COUNTY LEBANON, IN | GENERAL FUNDS | $5,000 |
| CAPTAINS FOR CLEAN WATER FORT MEYERS, FL | GENERAL FUNDS | $3,000 |
| CENTRAL INDIANA COMMUNITY FOUND INDIANAPOLIS, IN | WOMEN'S FUND | $18,000 |
| COLLEGE MENTORS FOR KIDS INDIANAPOLIS, IN | GENERAL FUNDS | $2,500 |
| CONNER PRAIRIE FISHERS, IN | GENERAL FUNDS | $4,000 |
| CROWN HILL FOUNDATION INDIANAPOLIS, IN | GENERAL FUNDS | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN ED PEACOCK JR | PRESIDENT | — | — |
| DAVID S EVANS | ASST SEC./TR | — | — |
| BERT M WILHOITE | SECRETARY | — | — |
| NANCY AYRES | VICE PRESIDE | — | — |
| ALMA LATHROP | DIRECTOR | — | — |
Contact Information
Address: 545 W 93rd St Indianapolis, IN 46260-1415
Telephone: 317-443-1868
EIN: 35-6018437
Frequently Asked Questions
What does Ayres Foundation Inc fund?
The foundation's primary giving focuses on: • Community services • Educational organizations • Cultural organizations The foundation primarily directs its support to organizations in the Indianapolis, Indiana area.
How do I apply for a grant from Ayres Foundation Inc?
**Grant Activity (2024):** • Total giving: $291,700 • Number of grants: 55 • Average grant size: $5,000 • Typical award range: $200–$32,500 **Recent Grant Recipients (2024):** • Joy's House Care and Community: $15,000 • Wheeler Mission Ministries: $15,000 • Indiana Historical Society: $12,500 **Grant Trends:** Annual giving increased 56.6% year-over-year from 2023 to 2024, with grant count rising 34.1% and average grant size increasing 16.8%.
Where does Ayres Foundation Inc make grants?
The foundation primarily funds organizations in the Indianapolis, Indiana area, with some giving extending to Florida and Connecticut.
What size grants does Ayres Foundation Inc award?
In 2024, Ayres Foundation Inc awarded 55 grants totaling $292K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Ayres Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ayres Foundation Inc reported a distributable amount of $223K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ayres Foundation Inc's EIN?
Ayres Foundation Inc's EIN (Employer Identification Number) is 35-6018437. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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