Bowen Family Foundation Inc

INDIANAPOLIS, IN EIN: 35-1906672 Website

Bowen Family Foundation Inc is a private foundation based in Indianapolis, Indiana, established in 1993. The organization is dedicated to helping children and families by connecting them with love, support, resources, and opportunities to improve their lives. The foundation operates with a belief that music heals and uses this philosophy to guide its philanthropic work.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.6M

+8.0% YoY

Annual Giving

$281K

-15.0% YoY

Grant Count

-77.3% YoY

Avg Grant Size

$56K

+274.0% YoY

Under IRS private-foundation payout rules, Bowen Family Foundation Inc reported a distributable amount of $179K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's mission centers on helping children and families get the love, support, resources, and opportunities they need to create better lives for themselves.

Primary funding focus areas include:

Education
Higher education
Human Services
Philanthropy, Voluntarism & Grantmaking

Grantmaking

The foundation provides scholarship awards paid directly to colleges and universities for graduating seniors who are residents of Marion County, Indiana.

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Geographic Focus

Where this funder awards grants

The foundation provides funding across multiple U.S. locations, with primary focus areas including:

California
Florida
Maryland
North Carolina
Nevada
New York
South Carolina
Tennessee
Texas
Virginia

The foundation maintains a particular emphasis on Marion County, Indiana for scholarship programs.

Grant Distribution by State

Indiana $1.7M (96%)

North Carolina $25K (1%)

Texas $15K (1%)

California $7K (0%)

South Carolina $6K (0%)

Nevada $5K (0%)

Tennessee $3K (0%)

New York $3K (0%)

+5 more states

States

California Florida Georgia Indiana Maryland Michigan North Carolina Nevada New York South Carolina Tennessee Texas Virginia

Cities

AlexandriaAustinBlufftonCalabasasCarmelCharlotteClarksburgCoronaCulver CityGreenvilleIndianapolisKnoxvilleLaurensLawrencevilleMatthewsMonroeNashvilleNational CityNew YorkPensacola

Financial History

Multi-year comparison from IRS filings

Metric	Amount
Total Assets	$3,611,314
Total Giving (2024)	$280,750
Revenue	$347,803
Expenses	$374,551

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,611,314	$3,344,398	$3,438,791
Revenue	$752,342	$347,803	$438,348
Expenses	$324,651	$374,551	$523,098
Qualifying Distributions	$282,632	$330,950	$450,550
Net Investment Income	$515,629	$205,637	$177,039
Distributable Amount	$179,093	$171,876	$184,428

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

92 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Indiana University Foundation ($159,750), Purdue University ($84,000), Marion University ($18,000).

Recipient	Purpose	Amount
GOODWILL INDUSTRIES FOUNDATION INDIANAPOLIS, IN	PROGRAM SUPPORT	$10,000
INDIANA UNIVERSITY FOUNDATION INDIANAPOLIS, IN	SCHOLARSHIPS	$159,750
MARION UNIVERSITY INDIANAPOLIS, IN	SCHOLARSHIPS	$18,000
PURDUE UNIVERSITY WEST LAFAYETTE, IN	SCHOLARSHIPS	$84,000
UNIVERSITY OF INDIANAPOLIS INDIANAPOLIS, IN	SCHOLARSHIPS	$9,000

Leadership & Key People

Leadership team and compensation from IRS filings

Terry L. Bowen – Chairman
Robert L. Bowen – Treasurer

Leadership team members serve without compensation.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
TERRY L BOWEN	CHAIRMAN	—	—
ROBERT L BOWEN	TREASURER	—	—
STACY L STATER	VICE CHAIRMAN	—	—
JULIE ANNE BOWEN	SECRETARY	—	—
KRISTIN BOWEN ROBERTS	DIRECTOR	—	—
CHRISTOPHER STATER	DIRECTOR	—	—
MURVIN ENDERS	DIRECTOR	—	—
JOYCE Q ROGERS	DIRECTOR	—	—

Contact Information

Address: 8239 Clearwater Pointe, Indianapolis, IN 46240-4916

Phone: 317-842-1639

Website: bowenfamilyfoundation.org

EIN: 35-1906672

IRS Ruling Year: 1994

Frequently Asked Questions

What does Bowen Family Foundation Inc fund?

The foundation's mission centers on helping children and families get the love, support, resources, and opportunities they need to create better lives for themselves. Primary funding focus areas include: • Education • Higher education • Human Services • Philanthropy, Voluntarism & Grantmaking

How do I apply for a grant from Bowen Family Foundation Inc?

**Financial Activity:** • Total assets: $3,611,314 • Total giving (2024): $280,750 • Typical award range: $500–$159,750 **Grant Characteristics:** The foundation provides scholarship awards paid directly to colleges and universities for graduating seniors who are residents of Marion County, Indiana.

Where does Bowen Family Foundation Inc make grants?

The foundation provides funding across multiple U.S. locations, with primary focus areas including: • California • Florida • Maryland • North Carolina • Nevada • New York • South Carolina • Tennessee • Texas • Virginia The foundation maintains a particular emphasis on Marion County, Indiana for scholarship programs.

What size grants does Bowen Family Foundation Inc award?

In 2024, Bowen Family Foundation Inc awarded 5 grants totaling $281K — an average of about $56K per grant, based on its IRS Form 990 filings.

How much is Bowen Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Bowen Family Foundation Inc reported a distributable amount of $179K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.