Downey Family Foundation

MANHATTAN, KS EIN: 48-1199074

Downey Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MANHATTAN, KS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $858K in total assets. In 2024, it awarded 4 grants totaling $66K. Net investment income was $39K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$858K

-3.9% YoY

Annual Giving

$66K

+10.0% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$17K

-45.0% YoY

Under IRS private-foundation payout rules, Downey Family Foundation reported a distributable amount of $63K for 2024 — the minimum it must pay out in qualifying distributions.

About Downey Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kansas $161K (94%)

District of Columbia $10K (6%)

States

District of Columbia Kansas

Cities

AtchisonManhattanSalinaWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$858,398	$893,311	$933,574
Revenue	$45,160	$32,283	$55,006
Expenses	$80,073	$72,546	$32,744
Qualifying Distributions	$66,000	$60,000	$19,000
Net Investment Income	$38,911	$19,536	$41,262
Distributable Amount	$63,400	$59,259	$58,432

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

9 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Seven Dolors Church ($30,000), Manhattan Catholic Schools ($30,000), Benedictine College ($5,000).

Recipient	Purpose	Amount
SEVEN DOLORS CHURCH MANHATTAN, KS	RELIGIOUS	$30,000
MANHATTAN CATHOLIC SCHOOLS MANHATTAN, KS	EDUCATION	$30,000
BENEDICTINE COLLEGE ATCHISON, KS	EDUCATION	$5,000
GREATER MANHATTAN COMMUNITY FOUNDAT MANHATTAN, KS	COMMUNITY	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
LAURA M DOWNEY	PRESIDENT	1	—
SHERRY A DOWNEY	SEC./TREAS.	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Downey Family Foundation?

Downey Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MANHATTAN, KS. It holds $858K in total assets as of 2024.

How large is Downey Family Foundation?

As of 2024, Downey Family Foundation holds $858K in total assets with $45K in annual revenue. It awarded 4 grants totaling $66K in 2024.

Where does Downey Family Foundation operate?

Downey Family Foundation has awarded grants in District of Columbia, Kansas.

What size grants does Downey Family Foundation award?

In 2024, Downey Family Foundation awarded 4 grants totaling $66K — an average of about $17K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, Downey Family Foundation reported a distributable amount of $63K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.