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
Under IRS private-foundation payout rules, Dian Graves Owen Foundation reported a distributable amount of $19.6M for 2024 — the minimum it must pay out in qualifying distributions.
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
Ready to take the next step with Dian Graves Owen Foundation?
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
Among its reported 2024 grants, the largest include Abilene Heritage Square ($4,000,000), Abilene Youth Sports Authority ($1,000,000), Abilene Improvement Corporation ($513,302).
| Recipient | Purpose | Amount |
|---|---|---|
| 12TH ARMORED DIVISION MEMORIAL MUSEUM ABILENE, TX | GENERAL SUPPORT | $1,000 |
| 2535 WATER AMARILLO, TX | GENERAL SUPPORT | $5,000 |
| ABILENE ARTS ALLIANCE ABILENE, TX | GENERAL SUPPORT | $131,300 |
| ABILENE BACK THE BADGE FOUNDATION ABILENE, TX | GENERAL SUPPORT | $5,000 |
| ABILENE BLACK CHAMBER OF COMMERCE ABILENE, TX | GENERAL SUPPORT | $1,500 |
| ABILENE CHAMBER OF COMMERCE FOUNDATION ABILENE, TX | GENERAL SUPPORT | $150,000 |
| ABILENE CHRISTIAN SCHOOLS ABILENE, TX | GENERAL SUPPORT | $2,455 |
| ABILENE COOPER ATHLETIC BOOSTER CLUB ABILENE, TX | GENERAL SUPPORT | $1,300 |
| ABILENE EDUCATION FOUNDATION ABILENE, TX | GENERAL SUPPORT | $5,000 |
| ABILENE FLY FISHERS ABILENE, TX | GENERAL SUPPORT | $2,500 |
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
Frequently Asked Questions
What does Dian Graves Owen Foundation fund?
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.
How do I apply for a grant from Dian Graves Owen Foundation?
The foundation makes grants at the discretion of its trustees and leadership without formal grant programs with defined parameters. Recent grantmaking activity shows: • **Annual giving**: Approximately $22.9 million (2023) • **Grant range**: $3,000 to $4,000,000 • **Average grant size**: $130,370 • **Median grant size**: $20,000 • **Number of grants**: 176 grants made in 2023 Recent major grants include: • Abilene Heritage Square: $4,000,000 • Community Foundation of Abilene: $2,516,400 • McMur…
Where does Dian Graves Owen Foundation make 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.
What size grants does Dian Graves Owen Foundation award?
In 2024, Dian Graves Owen Foundation awarded 202 grants totaling $24.1M — an average of about $119K per grant, based on its IRS Form 990 filings.
How much is Dian Graves Owen Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Dian Graves Owen Foundation reported a distributable amount of $19.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Dian Graves Owen Foundation's EIN?
Dian Graves Owen Foundation's EIN (Employer Identification Number) is 75-2682536. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Dian Graves Owen Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
William Z Hayes Foundation
DALLAS, TX
Assets
$629K
Grants
4
Total Given
$28K
Tr Uw Jane James Cook Item 19
DALLAS, TX
Assets
$861K
Grants
11
Total Given
$41K
Forsyth Fbo Leonard Wood Memorial
DALLAS, TX
Assets
$320K
Grants
1
Total Given
$18K
Teas Foundation
AMARILLO, TX
Assets
$3.0M
Grants
3
Total Given
$138K
Crystelle Waggoner Charitable Trust
DALLAS, TX
Assets
$13.5M
Grants
41
Total Given
$3.9M
Nelson & Debbie Fox Charitable Fdtn
LUBBOCK, TX
Assets
$329K
Grants
9
Total Given
$90K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Dian Graves Owen Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Dian Graves Owen Foundation to a real strategy.