Bowen Family Foundation Inc
BOWEN FAMILY FOUNDATION INC is a private foundation based in Indianapolis, Indiana. Its website describes a mission of helping children and families by connecting them with love, support, resources, and opportunities, and says it focuses on healing children and families in and around Texas.
Key facts about Bowen Family Foundation Inc
In short: Bowen Family Foundation Inc gave $472K across 7 grants in 2025 (avg $67K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- EIN
- 35-1906672
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $471,500
- Grants made (2025)
- 7
- Average grant
- $67,357
- Median grant
- $55,500
- Total assets
- $3,793,628
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states on its 2025 filing that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
- Deadline
- September 30, 2026, according to the website’s grant application page.
Data from IRS Form 990-PF, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$3.8M
+5.0% YoY
Annual Giving
$472K
+67.9% YoY
Grant Count
7
+40.0% YoY
Avg Grant Size
$67K
+20.0% YoY
Under IRS private-foundation payout rules, Bowen Family Foundation Inc reported a distributable amount of $208K for 2025 — the minimum it must pay out in qualifying distributions.
How Bowen Family Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+10%). Method
- In 2025 it paid out 227% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Mission & Focus Areas
The foundation’s website says it believes “music heals” and is dedicated to helping heal children and families in and around Texas. The 2025 filing lists all seven grants as scholarships, with recipients including colleges and university foundations. The website says eligible applicants must be 501(c)(3) organizations in Waco and surrounding Texas communities, and that it does not award grants directly to individuals.
Among the 2025 recipients, the Indiana University Foundation says its mission is to maximize private philanthropic support for Indiana University through stakeholder relationships, advancement leadership, and fundraising services. The University of Indianapolis says it champions lifelong learning through relevant and innovative education. CIEE says it offers exchange programs to help people develop understanding, knowledge, and skills for a globally interdependent and culturally diverse world.
Grantmaking
In 2025, the foundation reported seven grants totaling $471,500. Grant amounts ranged from $1,500 to $260,750, with a median of $55,500. The largest awards were $260,750 to Ivy Tech Community College Foundation, $75,000 to Purdue University, $72,750 to Indiana University Foundation, and $55,500 to Marion University; each was designated for scholarships. Other listed awards included $4,500 to the University of Indianapolis and $1,500 each to CIEE and Indiana University.
Review Cycle
September 30, 2026, according to the website’s grant application page.
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Geographic Focus
Where this funder awards grants
The 2025 filing reports that 100% of grant dollars went to recipients in Indiana and 0% to recipients in Maine. The listed grants include CIEE, shown as located in Portland, Maine. Separately, the foundation’s website says it accepts applications only from Texas organizations in Waco and surrounding communities.
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $281K (2024) to $472K (2025). In 2025 it made 7 grants totaling $472K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Ivy Tech Community College Foundation ($261K). Together the top 7 received $472K.
Grant Size Distribution
81 grants across all recorded years
The most common grant size was under $50K: 67 grants of 81 (83%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ivy Tech Community College Foundation Indianapolis, IN | Scholarships | $260,750 |
| Purdue University West Lafayette, IN | Scholarships | $75,000 |
| Indiana University Foundation Indianapolis, IN | Scholarships | $72,750 |
| Marion University Indianapolis, IN | Scholarships | $55,500 |
| University of Indianapolis Indianapolis, IN | Scholarships | $4,500 |
| Ciee Portland, ME | Scholarships | $1,500 |
| Indiana University Bloomington, IN | Scholarships | $1,500 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants | Grant count |
|---|---|---|---|---|---|
| 2025 | $3,793,628 | $841,509 | $530,481 | $471,500 | 7 |
| 2024 | $3,611,314 | $752,342 | $324,651 | $280,750 | 5 |
| 2023 | $3,344,398 | $347,803 | $374,551 | $330,250 | 22 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,793,628 | $3,611,314 | $3,344,398 |
| Revenue | $841,509 | $752,342 | $347,803 |
| Expenses | $530,481 | $324,651 | $374,551 |
| Qualifying Distributions | $472,762 | $282,632 | $330,950 |
| Net Investment Income | $196,926 | $515,629 | $205,637 |
| Distributable Amount | $208,011 | $179,093 | $171,876 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 29, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Terry L. Bowen as chairman, Robert L. Bowen as treasurer, Stacy L. Stater as vice chairman, and Julie Anne Bowen as secretary. It also lists Kristin Bowen Roberts, Christopher Stater, Murvin Enders, and Joyce Q. Rogers as directors.
Bowen Family Foundation Inc is led by Terry L. Bowen, Chairman on every filing since 2020; none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Terry L. Bowen
Chairman
On filings since 2020
No compensation reported
Christopher Stater
Director
On filings since 2020
No compensation reported
Joyce Q. Rogers
Director
On filings since 2020
No compensation reported
Kristin Bowen Roberts
Director
On filings since 2020
No compensation reported
Murvin Enders
Director
On filings since 2020
No compensation reported
Julie Anne Bowen
Secretary
On filings since 2020
No compensation reported
Robert L. Bowen
Treasurer
On filings since 2020
No compensation reported
Stacy L. Stater
Vice Chairman
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 9809 Cherrybark Lane, Indianapolis, IN 46268
Phone: (317) 842-1639
Website: https://bowenfamilyfoundation.org
Frequently asked questions about Bowen Family Foundation Inc
How much does Bowen Family Foundation Inc give each year?
Bowen Family Foundation Inc gave $472K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $281K across 5 grants.
What is Bowen Family Foundation Inc's typical grant size?
Bowen Family Foundation Inc's median grant in 2025 was $55,500, and its average grant was $67,357, across 7 grants on its 2025 IRS Form 990-PF.
Where does Bowen Family Foundation Inc give grants?
Bowen Family Foundation Inc gives mostly in Indiana: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Indianapolis, IN (4 grants).
Does Bowen Family Foundation Inc give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Bowen Family Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (7 grants).
Who are Bowen Family Foundation Inc's largest grantees?
Bowen Family Foundation Inc's largest 2025 grantees include Ivy Tech Community College Foundation ($260,750), Purdue University ($75,000) and Indiana University Foundation ($72,750), according to its 2025 IRS Form 990-PF. Together they received 87% of its itemized 2025 grant dollars.
How large is Bowen Family Foundation Inc?
Bowen Family Foundation Inc reported $3.8M in total assets on its 2025 IRS Form 990-PF. It paid out $473K in qualifying distributions that year, against a required minimum of $208K (roughly 5% of its investment assets).
What does Bowen Family Foundation Inc fund?
The foundation’s website says it believes “music heals” and is dedicated to helping heal children and families in and around Texas. The 2025 filing lists all seven grants as scholarships, with recipients including colleges and university foundations. See mission & focus areas ↑
How do I apply for a grant from Bowen Family Foundation Inc?
The foundation states on its 2025 filing that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Bowen Family Foundation Inc's EIN?
Bowen Family Foundation Inc's EIN (Employer Identification Number) is 35-1906672. IRS Form 990 filing data is available on this page for 2020–2025.
Does Bowen Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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