Frank and Lucille Barnett Foundation
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.
Frank and Lucille Barnett Foundation at a glance
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.
- Annual giving (2024)
- $115,000
- +27.8% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $28,750
- +27.8% vs 2023
- Median grant
- $28,750
- Total assets
- $5,874,493
- +16.5% vs 2023
- Primary geography
- South Carolina (100% 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 Frank and Lucille Barnett Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
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
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $1K (2022) to $115K (2024). In 2024 it made 4 grants totaling $115K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Greenville County Greenville, SC | General Operating | $28,750 |
| Miracle Hill Ministries Greenville, SC | General Operating | $28,750 |
| Lander University Greenwood, SC | General Operating | $28,750 |
| Greenville Humane Society Greenville, SC | General Operating | $28,750 |
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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 | $5,874,493 | $1,423,277 | $190,332 | $115,000 | 4 | $122,781 | $127,744 | $276,922 |
| 2023 | $5,042,836 | $3,076,032 | $131,804 | $90,000 | 4 | $94,550 | $57,010 | $124,411 |
| 2022 | $2,101,445 | $262,985 | $35,642 | $1,000 | 4 | $9,553 | $226,064 | $93,002 |
| 2021 | $1,875,713 | $2,189,790 | — | — | — | — | — | $882 |
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.
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
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Live grants for the work Frank and Lucille Barnett Foundation funds
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