Frank & Betty Hedrick Foundation

Foundation · Grantmaker Wichita, KS EIN: 48-6130776

Frank & Betty Hedrick Foundation is a private foundation, based in Wichita, KS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $561K in total assets. In 2024, it awarded 4 grants totaling $35K. Net investment income was $26K.

Key facts about Frank & Betty Hedrick Foundation

EIN: 48-6130776
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $35,000
Grants made (2024): 4
Average grant: $8,750
Median grant: $4,500
Total assets: $561,092
Primary geography: New York (71% of itemized 2024 grant dollars)

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

Who Frank & Betty Hedrick Foundation funds

By grant dollars, the top recipient states for Frank & Betty Hedrick Foundation's 4 itemized 2024 grants were New York (71%), Iowa (14%) and Tennessee (11%). None of its 4 grants with a stated purpose were described as general or operating support. Recurring purposes include "For Use in Operations" (4 grants).

How Frank & Betty Hedrick Foundation gives

Giving held roughly steady from 2021 to 2024 (−1%). Method
In 2024 it paid out 134% of its IRS minimum distribution (the 5% rule). Method

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

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$561K

-19.5% YoY

Annual Giving

$35K

+9.4% YoY

Grant Count

-20.0% YoY

Avg Grant Size

$9K

+36.7% YoY

Under IRS private-foundation payout rules, Frank & Betty Hedrick Foundation reported a distributable amount of $27K for 2024 — the minimum it must pay out in qualifying distributions.

About Frank & Betty Hedrick Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $25K (71%)

Iowa $5K (14%)

Tennessee $4K (11%)

Kansas $1K (3%)

Share of all 4 itemized 2024 grant dollars.

States

Iowa Kansas New York Tennessee

Cities

WichitaStaten IslandBooneMemphis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$561,092	$696,872	$748,501
Revenue	$27,320	$-4,193	$28,072
Expenses	$55,787	$53,197	$58,124
Qualifying Distributions	$36,577	$33,015	$38,710
Net Investment Income	$25,708	$23,569	$26,906
Distributable Amount	$27,277	$28,091	$27,911

Data update history

When this profile's IRS filing data changed on Grantable

February 28, 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 4 recipients in 2024

Grant Size Distribution

42 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Tunnel to Towers Foundation ($25,000), American Red Cross ($5,000), St Jude Children's Research Hospita ($4,000).

Recipient	Purpose	Amount
TUNNEL TO TOWERS FOUNDATION Staten Island, NY	FOR USE IN OPERATIONS	$25,000
AMERICAN RED CROSS Boone, IA	FOR USE IN OPERATIONS	$5,000
ST JUDE CHILDREN'S RESEARCH HOSPITA Memphis, TN	FOR USE IN OPERATIONS	$4,000
WOMEN OF WICHITA Wichita, KS	FOR USE IN OPERATIONS	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Myrna Clayton	Vice Preside	—	$9,000
Angie Clayton-Brown	Secretary-Di	—	—
Fred Clayton	President	—	$9,000

Frequently Asked Questions

How large is Frank & Betty Hedrick Foundation?

As of 2024, Frank & Betty Hedrick Foundation holds $561K in total assets with $27K in annual revenue. It awarded 4 grants totaling $35K in 2024.

Where does Frank & Betty Hedrick Foundation operate?

Frank & Betty Hedrick Foundation has awarded grants in Iowa, Kansas, New York, Tennessee.

What size grants does Frank & Betty Hedrick Foundation award?

In 2024, Frank & Betty Hedrick Foundation awarded 4 grants totaling $35K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is Frank & Betty Hedrick Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank & Betty Hedrick Foundation reported a distributable amount of $27K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Frank & Betty Hedrick Foundation's EIN?

Frank & Betty Hedrick Foundation's EIN (Employer Identification Number) is 48-6130776. IRS Form 990 filing data is available on this page for 2020–2024.