Frank E Payne & Seba B Payne Foundation
Frank E Payne & Seba B Payne Foundation is a private foundation, based in DALLAS, TX. IRS filing data is available from 2021 through 2022. In 2022, it awarded 1 grants totaling $8.4M. Net investment income was $7.3M.
Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$8.4M
+15.6% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$8.4M
+15.6% YoY
Under IRS private-foundation payout rules, Frank E Payne & Seba B Payne Foundation reported a distributable amount of $9.1M for 2022 — the minimum it must pay out in qualifying distributions.
About Frank E Payne & Seba B Payne Foundation
Based on IRS filings
Frank E Payne & Seba B Payne Foundation is a private foundation, based in DALLAS, TX. IRS filing data is available from 2021 through 2022. In 2022, it awarded 1 grants totaling $8.4M. Net investment income was $7.3M.
Ready to take the next step with Frank E Payne & Seba B Payne Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2022 | 2021 |
|---|---|---|
| Total Assets | — | $112,625,992 |
| Revenue | $7,949,536 | $11,888,610 |
| Expenses | $9,633,482 | $8,476,522 |
| Qualifying Distributions | $8,877,497 | — |
| Net Investment Income | $7,278,277 | $11,172,206 |
| Distributable Amount | $9,147,129 | $9,155,790 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2022
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2022 grants, the largest include See Attached Schedule ($8,406,470).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE ATTACHED SCHEDULE SEE ATTACHED, IL | SEE SCHEDULE ATTACHED | $8,406,470 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2022 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Bank of America N A | CO-TRUSTEE | 1 | $567,141 |
| L S S BANK OF AMERICA N A | CO-TRUSTEE | 4 | $20,000 |
| A G BANK OF AMERIECA N A | CO-TRUSTEE | 4 | $20,000 |
| T S BANK OF AMERIECA N A | CO-TRUSTEE | 4 | $20,000 |
Frequently Asked Questions
Where does Frank E Payne & Seba B Payne Foundation operate?
Frank E Payne & Seba B Payne Foundation has awarded grants in Illinois.
What size grants does Frank E Payne & Seba B Payne Foundation award?
In 2022, Frank E Payne & Seba B Payne Foundation awarded 1 grants totaling $8.4M — an average of about $8.4M per grant, based on its IRS Form 990 filings.
How much is Frank E Payne & Seba B Payne Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Frank E Payne & Seba B Payne Foundation reported a distributable amount of $9.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frank E Payne & Seba B Payne Foundation's EIN?
Frank E Payne & Seba B Payne Foundation's EIN (Employer Identification Number) is 23-7435471. IRS Form 990 filing data is available on this page for 2021–2022.
Explore Open Grants
Browse active grant opportunities in Frank E Payne & Seba B Payne Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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