FAB-Steel Products Foundation Inc

Private foundation · Grantmaker Clovis, NM EIN: 85-0339249

FAB-Steel Products Foundation Inc is a private foundation, based in Clovis, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $313K in total assets. In 2024, it awarded 3 grants totaling $20K. Net investment income was $17K.

Key facts about FAB-Steel Products Foundation Inc

In short: FAB-Steel Products Foundation Inc gave $20K across 3 grants in 2024 (avg $7K), mostly in New Mexico. Source: 2024 IRS Form 990-PF.

EIN
85-0339249
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$19,500
Grants made (2024)
3
Average grant
$6,500
Median grant
$6,500
Total assets
$313,201
Primary geography
New Mexico (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$313K

+21.2% YoY

Annual Giving

$20K

+39.3% YoY

Grant Count

3

+50.0% YoY

Avg Grant Size

$7K

-7.1% YoY

Under IRS private-foundation payout rules, FAB-Steel Products Foundation Inc reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.

How FAB-Steel Products Foundation Inc gives

  • Giving held roughly steady from 2021 to 2024 (+8%). Method
  • In 2024 it paid out 117% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2024 grant dollars across all 3 itemized grants.

Cities

ClovisLubbockRapid City

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K$20K5 grants2020 5 grants2021 2 grants2022 2 grants2023 3 grants2024

From 2020 to 2024, annual grant giving ranged from $14K (2023) to $20K (2022). In 2024 it made 3 grants totaling $20K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Hebron Homes: $7KHebron Homes$7KMeals on Wheels: $7KMeals on Wheels$7KSalvation Army: $7KSalvation Army$7K

The largest 2024 recipient was Hebron Homes ($7K). Together the top 3 received $20K.

Grant Size Distribution

17 grants across all recorded years

17<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 17 grants of 17 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Hebron Homes Clovis, NMGeneral Budget$6,500
Meals on Wheels Clovis, NMGeneral Budget$6,500
Salvation Army Clovis, NMGeneral Budget$6,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$25K$50K$75K$100K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$313,201$258,326$259,450
Revenue$75,568$14,004$16,022
Expenses$20,693$15,128$21,303
Qualifying Distributions$20,693$15,128$20,000
Net Investment Income$17,152$13,950$14,482
Distributable Amount$17,724$14,815$16,968

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

FAB-Steel Products Foundation Inc is led by M. Virginia Glenn, President & Director on every filing since 2020; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • M. Virginia Glenn

    President & Director

    On filings since 2020

    No compensation reported

  • Matthew L. Glenn

    Treasurer & Director

    On filings since 2020

    No compensation reported

  • Wadene Brown

    Secretary & Director

    On filings since 2020

    No compensation reported

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.

Frequently asked questions about FAB-Steel Products Foundation Inc

How much does FAB-Steel Products Foundation Inc give each year?

FAB-Steel Products Foundation Inc gave $20K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $14K across 2 grants.

What is FAB-Steel Products Foundation Inc's typical grant size?

FAB-Steel Products Foundation Inc's median grant in 2024 was $6,500, and its average grant was $6,500, across 3 grants on its 2024 IRS Form 990-PF.

Where does FAB-Steel Products Foundation Inc give grants?

FAB-Steel Products Foundation Inc gives mostly in New Mexico: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Clovis, NM (3 grants).

Does FAB-Steel Products Foundation Inc give general operating support?

Yes: 100% of FAB-Steel Products Foundation Inc's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.

How large is FAB-Steel Products Foundation Inc?

FAB-Steel Products Foundation Inc reported $313K in total assets on its 2024 IRS Form 990-PF. It paid out $21K in qualifying distributions that year, against a required minimum of $18K (roughly 5% of its investment assets).

What is FAB-Steel Products Foundation Inc's EIN?

FAB-Steel Products Foundation Inc's EIN (Employer Identification Number) is 85-0339249. 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.

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