Bowen Engineering Corporation Endowment
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.
Key facts about Bowen Engineering Corporation Endowment
- EIN
- 26-2717997
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $139,500
- Grants made (2024)
- 15
- Average grant
- $9,300
- Median grant
- $5,000
- Total assets
- $1,911,131
- Primary geography
- Indiana (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Bowen Engineering Corporation Endowment funds
By grant dollars, the top recipient states for Bowen Engineering Corporation Endowment's 15 itemized 2024 grants were Indiana (100%). The most frequent recipient cities were Indianapolis, IN (14 grants). None of its 15 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Support" (10 grants) and "Educational Support" (5 grants).
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
15
+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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 15 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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 recipients 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 |
| THE CHILDREN'S MUSEUM OF INDIANAPOLIS INDIANAPOLIS, IN | EDUCATIONAL SUPPORT | $12,500 |
| FIRST BAPTIST ATHLETICS INDIANAPOLIS, IN | CHARITABLE SUPPORT | $10,000 |
| CENTER FOR LEADERSHIP DEVELOPMENT INDIANAPOLIS, IN | CHARITABLE SUPPORT | $5,000 |
| 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 |
| 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
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.
Explore Open Grants
Browse active grant opportunities in Bowen Engineering Corporation Endowment's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.