Dr & Mrs R Faser Triplett Foundation
Dr & Mrs R Faser Triplett Foundation is a private foundation, based in Madison, MS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.3M in total assets. In 2024, it awarded 3 grants totaling $556K. Net investment income was $196K.
Dr & Mrs R Faser Triplett Foundation at a glance
In short: Dr & Mrs R Faser Triplett Foundation gave $556K across 3 grants in 2024 (avg $185K), mostly in Mississippi. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $555,660
- +7.2% vs 2023
- Grants made (2024)
- 3
- -25.0% vs 2023
- Average grant
- $185,220
- +42.9% vs 2023
- Median grant
- $10,000
- Total assets
- $6,290,279
- -12.2% vs 2023
- Primary geography
- Mississippi (98% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Dr & Mrs R Faser Triplett Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was University of Mississippi Foundation - Triplett Alumni Center Project ($546K). Together the top 3 received $556K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 9 grants of 15 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Dr & Mrs R Faser Triplett Foundation gives
- Giving grew 20% from 2021 to 2024. Method
- In 2024 it paid out 111% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $305K (2020) to $556K (2024). In 2024 it made 3 grants totaling $556K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Mississippi Foundation - Triplett Alumni Center Project Oxford, MS | Unrestricted | $545,593 |
| Faith Home Inc Greenwood, SC | Unrestriced | $10,000 |
| From K-1 for Great Southern Capital Corporation Meridian, MS | Unrestricted | $67 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $6,290,279 | $-158,773 | $713,497 | $555,660 | 3 | $555,660 | $195,929 | $498,351 |
| 2023 | $7,162,549 | $425,431 | $672,340 | $518,470 | 4 | $518,470 | $327,183 | $503,504 |
| 2022 | $7,409,458 | $634,527 | $775,471 | $550,111 | 4 | $550,111 | $547,525 | $517,922 |
| 2021 | $7,550,402 | $637,086 | $536,606 | $461,142 | 2 | $461,142 | $563,723 | $540,212 |
| 2020 | $7,449,922 | $424,196 | $444,418 | $305,000 | 2 | — | $359,366 | $493,886 |
Under IRS private-foundation payout rules, Dr & Mrs R Faser Triplett Foundation reported a distributable amount of $498K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Dr & Mrs R Faser Triplett Foundation's 2024 filing lists 5 officers; all 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
Diane T. Holloway
Director
On filings since 2020
2 hrs/week
$15K (2020) → $15K (2024)
Lou Ann T. Woidtke
Director
On filings since 2020
2 hrs/week
$15K (2020) → $15K (2024)
Rodney F. Triplett Jr.
Director
On filings since 2020
2 hrs/week
$15K (2020) → $15K (2024)
Susan Fuller
Director
On filings since 2020
2 hrs/week
$15K (2020) → $15K (2024)
Liz Walker
Director
On filings since 2022
2 hrs/week
$30K (2022) → $15K (2024)
Former officers (2)
- Former: Sarah Fuller (2022) — Director
- Former: Jacqueline T. Walker (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $15K, to Rodney F Triplett Jr (Director). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Dr & Mrs R Faser Triplett Foundation
How much does Dr & Mrs R Faser Triplett Foundation give each year?
Dr & Mrs R Faser Triplett Foundation gave $556K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $518K across 4 grants.
What is Dr & Mrs R Faser Triplett Foundation's typical grant size?
Dr & Mrs R Faser Triplett Foundation's median grant in 2024 was $10,000, and its average grant was $185,220, across 3 grants on its 2024 IRS Form 990-PF.
Where does Dr & Mrs R Faser Triplett Foundation give grants?
Dr & Mrs R Faser Triplett Foundation gives mostly in Mississippi: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Dr & Mrs R Faser Triplett Foundation give general operating support?
Yes: 67% of Dr & Mrs R Faser Triplett Foundation's 2024 grants with a stated purpose (2 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Dr & Mrs R Faser Triplett Foundation?
Dr & Mrs R Faser Triplett Foundation reported $6.3M in total assets on its 2024 IRS Form 990-PF. It paid out $556K in qualifying distributions that year, against a required minimum of $498K (roughly 5% of its investment assets).
What is Dr & Mrs R Faser Triplett Foundation's EIN?
Dr & Mrs R Faser Triplett Foundation's EIN (Employer Identification Number) is 72-1361246. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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