Bayne Foundation Inc
Bayne Foundation Inc is a private foundation, based in Whitefish, MT. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.1M in total assets. In 2025, it awarded 8 grants totaling $256K. Net investment income was $152K.
Bayne Foundation Inc at a glance
In short: Bayne Foundation Inc gave $256K across 8 grants in 2025 (avg $32K), mostly in Montana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $255,742
- +9.4% vs 2024
- Grants made (2025)
- 8
- -46.7% vs 2024
- Average grant
- $31,968
- +105.2% vs 2024
- Median grant
- $25,228
- Total assets
- $3,112,986
- +13.4% vs 2024
- Primary geography
- Montana (65% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Bayne Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Whitefish Community Foundation ($167K across 3 grants). Together the top 6 received $256K.
Grant Size Distribution
92 grants across all recorded years
The most common grant size was under $50K: 87 grants of 92 (95%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Bayne Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+13%). Method
- In 2025 it paid out 81% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $94K (2020) to $256K (2025). In 2025 it made 8 grants totaling $256K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Whitefish Community Foundation Whitefish, MT | DREAM | $81,286 |
| Whitefish Community Foundation Whitefish, MT | Great Fish Campaign | $65,160 |
| Cato Institute Washington, DC | General Support | $29,895 |
| Institute for Justice Arlington, VA | General Support | $29,895 |
| Whitefish Community Foundation Whitefish, MT | Cirle of Giving | $20,561 |
| Nationwide Children's Hospital Silver Spring, MD | General Support | $15,437 |
| Seeds of Caring Columbus, OH | General Support | $12,473 |
| Pelotonia Columbus, OH | General Support | $1,035 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,112,986 | $2,160,777 | $289,838 | $255,742 | 8 | $268,563 | $152,286 | $330,588 |
| 2024 | $2,745,612 | $665,140 | $287,921 | $233,684 | 15 | $264,131 | $138,904 | $287,122 |
| 2023 | $2,585,562 | $375,519 | $233,650 | $213,274 | 25 | $217,814 | $108,070 | $241,517 |
| 2022 | $2,480,054 | $355,997 | $243,047 | $226,459 | 34 | $227,047 | $88,790 | $224,429 |
| 2021 | $2,440,592 | $583,618 | $185,661 | $156,399 | 10 | $161,453 | $58,263 | $225,197 |
| 2020 | $2,415,710 | $669,012 | $116,087 | $93,598 | 9 | — | $131,466 | $158,610 |
| 2019 | $2,225,886 | $248,270 | $142,213 | $121,344 | 4 | — | $169,509 | $94,750 |
Under IRS private-foundation payout rules, Bayne Foundation Inc reported a distributable amount of $331K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Bayne Foundation Inc is led by William A Bayne, Director & President since 2023 (on filings since 2019); none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
William A Bayne
Director & President
President → Director & President, 2023
On filings since 2019
2.5 hrs/week
No compensation reported
Brittney Cogan
Director
On filings since 2019
5 hrs/week
No compensation reported
Elizabeth G Bayne
Director, Treasurer & Secretary
Secretary & Treasurer → Director, Treasurer & Secretary, 2023
On filings since 2019
5 hrs/week
No compensation reported
Mackenzie E. Bayne
Director
On filings since 2019
1.2 hrs/week
No compensation reported
Patrick M. Cogan
Director
On filings since 2019
1.2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Bayne Foundation Inc
How much does Bayne Foundation Inc give each year?
Bayne Foundation Inc gave $256K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $234K across 15 grants.
What is Bayne Foundation Inc's typical grant size?
Bayne Foundation Inc's median grant in 2025 was $25,228, and its average grant was $31,968, across 8 grants on its 2025 IRS Form 990-PF.
Where does Bayne Foundation Inc give grants?
Bayne Foundation Inc gives mostly in Montana: 65% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were District of Columbia (12%) and Virginia (12%). The most frequent recipient cities were Whitefish, MT (3 grants) and Columbus, OH (2 grants).
Does Bayne Foundation Inc give general operating support?
Yes: 63% of Bayne Foundation Inc's 2025 grants with a stated purpose (5 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Bayne Foundation Inc's largest grantees?
Bayne Foundation Inc's largest 2025 grantees include Whitefish Community Foundation ($167,007 across 3 grants), Cato Institute ($29,895) and Institute for Justice ($29,895), according to its 2025 IRS Form 990-PF. Together they received 89% of its itemized 2025 grant dollars.
How large is Bayne Foundation Inc?
Bayne Foundation Inc reported $3.1M in total assets on its 2025 IRS Form 990-PF. It paid out $269K in qualifying distributions that year, against a required minimum of $331K (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 Bayne Foundation Inc's EIN?
Bayne Foundation Inc's EIN (Employer Identification Number) is 46-1579882. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 13, 2022)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 10, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2019–2024
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