Evansville Endowment Fund Inc

Foundation · Grantmaker EVANSVILLE, IN EIN: 35-2062629 Website

Community Improvement & Capacity Building

TO SUPPORT CHARITABLE ORGANIZATIONS THROUGH CAPITAL PROJECT GRANTS THAT IMPACT THE CITY OF EVANSVILLE

Key facts about Evansville Endowment Fund Inc

EIN: 35-2062629
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $490,733
Grants made (2024): 23
Average grant: $21,336
Median grant: $24,038
New grantees (estimate): 22% first-time grantees (5 of 23, 2024)
Total assets: $11,061,520
Primary geography: Indiana (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated April 2026. New grantees are estimated by matching recipient names across years (methodology).

Who Evansville Endowment Fund Inc funds

By grant dollars, the top recipient states for Evansville Endowment Fund Inc's 23 itemized 2024 grants were Indiana (100%). The most frequent recipient cities were Evansville, IN (23 grants). None of its 23 grants with a stated purpose were described as general or operating support. Recurring purposes include "Capital Improvements" (23 grants).

Is Evansville Endowment Fund Inc open to new grantees?

22%

first-time grantees, 2024

In 2024, 5 of 23 grantees (22%) were first-time recipients. First grants averaged $17K; repeat grants $23K. How we count

Medians: $20K first-time, $24K repeat.

35% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (+1%). Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with Evansville Endowment Fund Inc

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$11.1M

+8.6% YoY

Annual Giving

$491K

+7.3% YoY

Grant Count

+43.8% YoY

Avg Grant Size

$21K

-25.3% YoY

About Evansville Endowment Fund Inc

Based on IRS filings

Evansville Endowment Fund Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in EVANSVILLE, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11.1M in total assets. In 2024, it awarded 23 grants totaling $491K. Net investment income was $203K.

Focus Areas

Community Improvement & Capacity Building

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $491K (100%)

Share of all 23 itemized 2024 grant dollars.

States

Indiana

Cities

Evansville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$11,061,520	$10,184,624	$9,596,863
Revenue	$202,937	$2,363,018	$711,164
Expenses	$547,435	$510,364	$571,449
Qualifying Distributions	—	—	—
Net Investment Income	$202,937	$2,363,018	$711,164
Distributable Amount	—	—	—

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

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

104 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include United Methodist Youth Home ($41,257), Hollys House Inc ($29,000), Albion Fellows Bacon Center Inc ($27,500).

Recipient	Purpose	Amount
United Methodist Youth Home Evansville, IN	Capital Improvements	$41,257
Hollys House Inc Evansville, IN	Capital Improvements	$29,000
Albion Fellows Bacon Center Inc Evansville, IN	Capital Improvements	$27,500
Ozanam Family Shelter Evansville, IN	Capital Improvements	$26,400
The Gathering Church Restore Outreach Evansville, IN	Capital Improvements	$25,526
Evansville Museum of Arts History & Science Evansville, IN	Capital Improvements	$25,342
Community One Evansville, IN	Capital Improvements	$25,000
Evansville African American Museum Inc Evansville, IN	Capital Improvements	$25,000
JD Sheth Foundation Inc Evansville, IN	Capital Improvements	$25,000
Koch Family Childrens Museum of Evansville Inc Evansville, IN	Capital Improvements	$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Jill Carpenter	President & CEO CFA	2	—
Jerome Stewart	Treasurer	2	—
Alan Groves	Vice President	2	—
Eric Cummings	Director	2	—
Susan Harp	Secretary	2	—
Ron Beane	Director	2	—
Amber Rascoe	President	2	—

Subject Areas

Focus areas based on grantmaking activity

Community Improvement & Capacity Building

Frequently Asked Questions

What is Evansville Endowment Fund Inc?

Evansville Endowment Fund Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in EVANSVILLE, IN. It holds $11.1M in total assets as of 2024.