The Dian Graves Owen Foundation is a private grantmaking foundation based in Abilene, Texas. Established in 1996 and granted tax-exempt status in February 1998, the foundation operates as an independent 501(c)(3) charitable organization. The foundation was created following the 1997 merger of Owen Healthcare, Inc. with Cardinal Healthcare.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$194.8M
+9.0% YoY
Annual Giving
$24.1M
+5.1% YoY
Grant Count
202
+14.8% YoY
Avg Grant Size
$119K
-8.5% YoY
Mission & Focus Areas
The foundation gives primarily for the arts, education, health, and human services. The foundation does not specify particular subject areas for its funding, indicating a broad philanthropic focus across these general categories.
Grantmaking
The foundation makes grants at the discretion of its trustees and leadership without formal grant programs with defined parameters. Recent grantmaking activity shows:
Grant Range
**: $3,000 to $4,000,000
Average Grant
**: $130,370
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Geographic Focus
Where this funder awards grants
While the foundation has deep roots in the Abilene community, it supports organizations across the United States. Grantmaking is concentrated in Texas, with particular focus on Abilene and smaller Texas communities such as Buffalo Gap and Rising Star. The foundation also funds projects in major cities including New York, Chicago, and Dallas, as well as organizations in California and other states.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $194,820,501
- Total revenue: $53,037,746
- Total expenses: $37,034,223
- Total giving: $24,107,466
As of 2023:
- Total assets: $179,000,000
- Total revenue: $64,000,000
- Total expenses: $38,700,000
Historical growth:
- Total assets have grown from $77.6 million in 2011 to $194.8 million in 2024
- Annual giving has grown from $14.2 million in 2020 to $22.9 million in 2023
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $194,820,501 | $178,788,642 | $153,620,789 |
| Revenue | $53,037,746 | $63,966,248 | $60,055,741 |
| Expenses | $37,034,223 | $38,727,975 | $38,172,176 |
| Qualifying Distributions | $25,075,523 | $23,870,819 | $19,908,436 |
| Net Investment Income | $35,639,654 | $39,419,991 | $41,052,610 |
| Distributable Amount | $19,639,336 | $17,611,881 | $16,874,361 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Dian Graves Owen Stai: Founder, Chairman, and Treasurer
- Tucker S. Bridwell: President (compensation: $475,000 annually)
- Jane Beard: Secretary and Trustee (compensation: $260,000 as of 2023)
The foundation is governed by 4 officers and trustees and employs 5 staff members.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DIAN GRAVES OWEN STAI | CHAIRMAN, TREASURER, DIR | — | — |
| TUCKER S BRIDWELL | PRESIDENT, DIRECTOR | 20 | $475,000 |
| JANE V BEARD | SECRETARY | 40 | $285,000 |
| DEBORAH O CARSON | DIRECTOR | — | — |
Contact Information
Address: 400 Pine Street, Suite 1000, Abilene, TX 79601
Phone: (325) 677-1367
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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