Frank and Lucille Barnett Foundation

Private foundation · Grantmaker Saint Louis, MO EIN: 32-6624789

Frank and Lucille Barnett Foundation is a private foundation, based in Saint Louis, MO. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $5.9M in total assets. In 2024, it awarded 4 grants totaling $115K. Net investment income was $128K.

Key facts about Frank and Lucille Barnett Foundation

In short: Frank and Lucille Barnett Foundation gave $115K across 4 grants in 2024 (avg $29K), mostly in South Carolina. Source: 2024 IRS Form 990-PF.

EIN
32-6624789
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$115,000
Grants made (2024)
4
Average grant
$28,750
Median grant
$28,750
Total assets
$5,874,493
Primary geography
South Carolina (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

$5.9M

+16.5% YoY

Annual Giving

$115K

+27.8% YoY

Grant Count

4

+0.0% YoY

Avg Grant Size

$29K

+27.8% YoY

Under IRS private-foundation payout rules, Frank and Lucille Barnett Foundation reported a distributable amount of $277K for 2024 — the minimum it must pay out in qualifying distributions.

How Frank and Lucille Barnett Foundation gives

  • In 2024 it paid out 44% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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

2states

Share of 2024 grant dollars across all 4 itemized grants.

Cities

GreenvilleGreenwoodAlexandria

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K0 grants2021 4 grants2022 4 grants2023 4 grants2024

From 2022 to 2024, annual grant giving ranged from $1K (2022) to $115K (2024). In 2024 it made 4 grants totaling $115K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

United Way of Greenville County: $29KUnited Way of GreenvilleCounty$29KMiracle Hill Ministries: $29KMiracle Hill Ministries$29KLander University: $29KLander University$29KGreenville Humane Society: $29KGreenville Humane Society$29K

The largest 2024 recipient was United Way of Greenville County ($29K). Together the top 4 received $115K.

Grant Size Distribution

12 grants across all recorded years

12<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 12 grants of 12 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
United Way of Greenville County Greenville, SCGeneral Operating$28,750
Miracle Hill Ministries Greenville, SCGeneral Operating$28,750
Lander University Greenwood, SCGeneral Operating$28,750
Greenville Humane Society Greenville, SCGeneral Operating$28,750

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M$4M2021 2022 2023 2024
Metric202420232022
Total Assets$5,874,493$5,042,836$2,101,445
Revenue$1,423,277$3,076,032$262,985
Expenses$190,332$131,804$35,642
Qualifying Distributions$122,781$94,550$9,553
Net Investment Income$127,744$57,010$226,064
Distributable Amount$276,922$124,411$93,002

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Officers and directors from IRS filings

Frank and Lucille Barnett Foundation's only listed officer is Wells Fargo Bank N A, Trustee on every filing since 2021 (compensated).

Officers on the 2024 filing

  • Wells Fargo Bank N A

    Trustee

    On filings since 2021

    1 hr/week

    $29K (2022) → $65K (2024)

Data from IRS Form 990 filings, 2021–2024. "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

Wells Fargo Bank N a — Trustee: $65KWells Fargo Bank N aTrustee$65K

The highest reported compensation on the 2024 filing was $65K, to Wells Fargo Bank N a (Trustee).

Frequently asked questions about Frank and Lucille Barnett Foundation

How much does Frank and Lucille Barnett Foundation give each year?

Frank and Lucille Barnett Foundation gave $115K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $90K across 4 grants.

What is Frank and Lucille Barnett Foundation's typical grant size?

Frank and Lucille Barnett Foundation's median grant in 2024 was $28,750, and its average grant was $28,750, across 4 grants on its 2024 IRS Form 990-PF.

Where does Frank and Lucille Barnett Foundation give grants?

Frank and Lucille Barnett Foundation gives mostly in South Carolina: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Greenville, SC (3 grants).

Does Frank and Lucille Barnett Foundation give general operating support?

Yes: 100% of Frank and Lucille Barnett Foundation's 2024 grants with a stated purpose (4 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.

How large is Frank and Lucille Barnett Foundation?

Frank and Lucille Barnett Foundation reported $5.9M in total assets on its 2024 IRS Form 990-PF. It paid out $123K in qualifying distributions that year, against a required minimum of $277K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is Frank and Lucille Barnett Foundation's EIN?

Frank and Lucille Barnett Foundation's EIN (Employer Identification Number) is 32-6624789. IRS Form 990 filing data is available on this page for 2021–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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