Bowen Engineering Corporation Endowment

INDIANAPOLIS, IN EIN: 26-2717997

Bowen Engineering Corporation Endowment is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDIANAPOLIS, IN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 15 grants totaling $140K. Net investment income was $67K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.9M

+17.0% YoY

Annual Giving

$140K

+30.4% YoY

Grant Count

+36.4% YoY

Avg Grant Size

$9K

-4.4% YoY

Under IRS private-foundation payout rules, Bowen Engineering Corporation Endowment reported a distributable amount of $83K for 2024 — the minimum it must pay out in qualifying distributions.

About Bowen Engineering Corporation Endowment

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $457K (100%)

States

Indiana

Cities

IndianapolisMuncieTerre Haute

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,911,131	$1,633,467	$1,507,632
Revenue	$394,012	$357,293	$221,142
Expenses	$155,544	$115,212	$126,256
Qualifying Distributions	$140,000	$107,000	$115,000
Net Investment Income	$66,808	$204,081	$20,619
Distributable Amount	$83,297	$76,621	$74,934

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

48 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Big Brothers Big Sisters of Central Indiana ($55,000), Butler University ($12,500), The Children's Museum of Indianapolis ($12,500).

Recipient	Purpose	Amount
BIG BROTHERS BIG SISTERS OF CENTRAL INDIANA INDIANAPOLIS, IN	CHARITABLE SUPPORT	$55,000
BUTLER UNIVERSITY INDIANAPOLIS, IN	EDUCATIONAL SUPPORT	$12,500
CENTER FOR LEADERSHIP DEVELOPMENT INDIANAPOLIS, IN	CHARITABLE SUPPORT	$5,000
FIRST BAPTIST ATHLETICS INDIANAPOLIS, IN	CHARITABLE SUPPORT	$10,000
HOOSIER ART SALON INDIANAPOLIS, IN	CHARITABLE SUPPORT	$5,000
INDY AQUATIC MASTERS INDIANAPOLIS, IN	CHARITABLE SUPPORT	$5,000
MARTIN UNIVERSITY INDIANAPOLIS, IN	EDUCATIONAL SUPPORT	$5,000
TEENWORKS INDIANAPOLIS, IN	CHARITABLE SUPPORT	$5,000
THE CHILDREN'S MUSEUM OF INDIANAPOLIS INDIANAPOLIS, IN	EDUCATIONAL SUPPORT	$12,500
TINDLEY ACCELERATED SCHOOLS INDIANAPOLIS, IN	EDUCATIONAL SUPPORT	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ROBERT L BOWEN PE	PRESIDENT	2	—
KRIS BOWEN	SECRETARY	2	—
A DOUGLAS BOWEN	TREASURER	2	—
CAREY WEDDLE	DIRECTOR	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Bowen Engineering Corporation Endowment?

Bowen Engineering Corporation Endowment is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDIANAPOLIS, IN. It holds $1.9M in total assets as of 2024.

How large is Bowen Engineering Corporation Endowment?

As of 2024, Bowen Engineering Corporation Endowment holds $1.9M in total assets with $394K in annual revenue. It awarded 15 grants totaling $140K in 2024.

Where does Bowen Engineering Corporation Endowment operate?

Bowen Engineering Corporation Endowment has awarded grants in Indiana.

What size grants does Bowen Engineering Corporation Endowment award?

In 2024, Bowen Engineering Corporation Endowment awarded 15 grants totaling $140K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is Bowen Engineering Corporation Endowment required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Bowen Engineering Corporation Endowment reported a distributable amount of $83K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Bowen Engineering Corporation Endowment's EIN?

Bowen Engineering Corporation Endowment's EIN (Employer Identification Number) is 26-2717997. IRS Form 990 filing data is available on this page for 2021–2024.