Frank E Payne & Seba B Payne Foundation

Private foundation · Grantmaker Dallas, TX EIN: 23-7435471

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 grant totaling $8.4M. Net investment income was $7.3M.

Key facts about Frank E Payne & Seba B Payne Foundation

In short: Frank E Payne & Seba B Payne Foundation gave $8.4M across 1 grant in 2022 (avg $8.4M), mostly in Illinois. Source: 2022 IRS Form 990-PF.

EIN
23-7435471
Latest 990 filing
Form 990-PF, 2022
Annual giving (2022)
$8,406,470
Grants made (2022)
1
Average grant
$8,406,470
Median grant
$8,406,470
Primary geography
Illinois (100% of itemized 2022 grant dollars)

Data from IRS Form 990-PF, 2022; updated September 2026.

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.

How Frank E Payne & Seba B Payne Foundation gives

  • In 2022 it paid out 97% 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

1state

Share of all 1 itemized 2022 grant dollars.

States

Giving Over Time

Total grant dollars and number of grants per year

$0$2.5M$5M$7.5M$10M1 grants20211 grants2022

From 2021 to 2022, annual grant giving ranged from $7.3M (2021) to $8.4M (2022). In 2022 it made 1 grant totaling $8.4M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2022

See Attached Schedule: $8.4MSee Attached Schedule$8.4M

The largest 2022 recipient was See Attached Schedule ($8.4M).

Grant Size Distribution

2 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M2$5M+

The most common grant size was $5M or more: 2 grants of 2 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
See Attached Schedule See Attached, ILSee Schedule Attached$8,406,470

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$10M$15M20212022
Metric20222021
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2022

Leadership & Key People

Officers and directors from IRS filings

Frank E Payne & Seba B Payne Foundation's 2022 filing lists 4 officers; all 4 officers listed in 2022 are compensated.

Officers on the 2022 filing

  • A G Bank Of Amerieca N A

    Co-Trustee

    On filings since 2021

    4 hrs/week

    $20K (2021) → $20K (2022)

  • Bank of America N A

    Co-Trustee

    On filings since 2021

    1 hr/week

    $555K (2021) → $567K (2022)

  • L S S Bank Of America N A

    Co-Trustee

    On filings since 2021

    4 hrs/week

    $20K (2021) → $20K (2022)

  • T S Bank Of Amerieca N A

    Co-Trustee

    On filings since 2021

    4 hrs/week

    $20K (2021) → $20K (2022)

Data from IRS Form 990 filings, 2021–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2022 IRS filing

Bank of America N A — Co-Trustee: $567KBank of America N ACo-Trustee$567KL S S Bank of America N a — Co-Trustee: $20KL S S Bank of America N…Co-Trustee$20KA G Bank of Amerieca N a — Co-Trustee: $20KA G Bank of Amerieca N aCo-Trustee$20KT S Bank of Amerieca N a — Co-Trustee: $20KT S Bank of Amerieca N aCo-Trustee$20K

The highest reported compensation on the 2022 filing was $567K, to Bank of America N A (Co-Trustee). 4 officers or directors reported compensation on that filing.

Frequently asked questions about Frank E Payne & Seba B Payne Foundation

How much does Frank E Payne & Seba B Payne Foundation give each year?

Frank E Payne & Seba B Payne Foundation gave $8.4M across 1 grant in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $7.3M across 1 grant.

Where does Frank E Payne & Seba B Payne Foundation operate?

Frank E Payne & Seba B Payne Foundation has awarded grants in Illinois.

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.

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

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