Bain Foundation
Bain Foundation is a private foundation, based in Lubbock, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 1 grant totaling $140K. Net investment income was $71K.
Bain Foundation at a glance
In short: Bain Foundation gave $140K across 1 grant in 2024 (avg $140K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $140,000
- +0.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $140,000
- +0.0% vs 2023
- Median grant
- $140,000
- Total assets
- $1,126,317
- +7.0% vs 2023
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Bain Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was West Texas A&M Foundation ($140K).
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 6 grants of 10 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Bain Foundation gives
- Giving grew 180% from 2021 to 2024. Method
- In 2024 it paid out 267% 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
From 2020 to 2024, annual grant giving ranged from $50K (2020) to $140K (2024). In 2024 it made 1 grant totaling $140K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| West Texas A&M Foundation Canyon, TX | Education | $140,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,126,317 | $214,609 | $140,800 | $140,000 | 1 | $140,000 | $71,186 | $52,377 |
| 2023 | $1,052,508 | $198,347 | $141,436 | $140,000 | 1 | $140,000 | $57,272 | $49,306 |
| 2022 | $995,597 | $63,418 | $51,523 | $50,000 | 1 | $50,000 | $56,495 | $31,446 |
| 2021 | $983,702 | $54,212 | $51,067 | $50,000 | 1 | $50,000 | $53,145 | $42,093 |
| 2020 | $980,557 | $48,784 | $51,643 | $50,000 | 6 | — | $47,141 | $48,431 |
Under IRS private-foundation payout rules, Bain Foundation reported a distributable amount of $52K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Bain Foundation is led by Ray Mark Bain, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Ray Mark Bain
President
On filings since 2020
No compensation reported
Barbara J. Bain
Manager
On filings since 2020
No compensation reported
Michael L. Bain
Manager
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Bain Foundation
How much does Bain Foundation give each year?
Bain Foundation gave $140K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $140K across 1 grant.
How large is Bain Foundation?
Bain Foundation reported $1.1M in total assets on its 2024 IRS Form 990-PF. It paid out $140K in qualifying distributions that year, against a required minimum of $52K (roughly 5% of its investment assets).
Where does Bain Foundation operate?
Bain Foundation has awarded grants in Texas.
What is Bain Foundation's EIN?
Bain Foundation's EIN (Employer Identification Number) is 46-4416064. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
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Browse active grant opportunities in Bain Foundation's focus areas in our free grants database
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Figures come from Bain Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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