Clarence E Custer and Inez R Custer

COLUMBUS, IN EIN: 31-1130385

Clarence E Custer and Inez R Custer Foundation Inc. is a private foundation based in Columbus, Indiana. Established in 1985, the foundation operates as a domestic nonprofit corporation with perpetual status. The foundation's primary purpose is to use earnings from investments for exempt charitable purposes.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.1M

-0.2% YoY

Annual Giving

$355K

-10.8% YoY

Grant Count

35

-12.5% YoY

Avg Grant Size

$10K

+2.0% YoY

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

Mission & Focus Areas

The foundation focuses on distributing earnings from its investment portfolio to support charitable purposes. Primary funding areas include:

  • Education
  • Philanthropy, Voluntarism & Grantmaking
  • Human Services
  • Scholarships

The foundation's grantmaking is concentrated primarily in Indiana.

Grantmaking

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Geographic Focus

Where this funder awards grants

The foundation's grantmaking is primarily focused on Indiana, with particular activity in the Columbus area and surrounding communities.

Grant Distribution by State

2states

Cities

BloomingtonColumbusHopeIndianapolisNashvilleNoblesvilleRichmondSeattleSeymour

Financial History

Multi-year comparison from IRS filings

As of 2024:

  • Total assets: $5,069,741
  • Total revenues: $420,259
  • Total expenses: $427,455
  • Number of employees: 0

Historical Assets (2013):

  • Total assets: $4,858,002
  • Income: $738,278
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$227K$453K$680K$906K201920202021202220232024
Metric202420232022
Total Assets$5,069,741$5,077,781$5,246,366
Revenue$420,259$296,418$395,533
Expenses$427,455$465,178$560,360
Qualifying Distributions$357,255$399,763$335,269
Net Investment Income$353,550$231,003$174,085
Distributable Amount$405,758$398,363$362,072

Giving Over Time

Total grant dollars and number of grants per year

$0$111K$221K$332K$442K40 grants201943 grants202038 grants202146 grants202240 grants202335 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

IU FOUNDATOIN$55KHOSPICE OF SOUTH CENTRAL…$25KIVY TECH FOUNDATION$20KCOLUMBUS PARK FOUNDATION$20KFAMILY SERVICES OF BARTH…$20KLINCOLN CENTRAL NEIGHBOR…$20KLOVE CHAPEL$17KCASA$15KJUST FRIENDS INC$15KFOUNDATION FOR YOUTH$13K

Grant Size Distribution

202 grants across all recorded years

200<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation is administered through Irwin Union Bank, with William A. Helmbrecht listed as the registered agent.

Compensation Overview

From 2024 IRS filing

DIANE BRADLEYDIRECTOR$650STEVE CAROTHERSDIRECTOR$650JAMES HOLLANDSECRETARY$650RICHARD H WEAVERDIRECTOR$650SAM PENTZERVICE PRESIDENT$650SETH A KEELEDIRECTOR$650

From 2024 filing

NameTitleHoursCompensation
DIANE BRADLEYDIRECTOR$650
STEVE CAROTHERSDIRECTOR$650
JAMES HOLLANDSECRETARY$650
RICHARD H WEAVERDIRECTOR$650
SAM PENTZERVICE PRESIDENT$650
SETH A KEELEDIRECTOR$650

Contact Information

Mailing Address: PO Box 929 Columbus, IN 47202

Principal Office Address: 125 3rd Street Columbus, IN 47202

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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