Frank N & Patricia L Owings Foundation Inc
Frank N & Patricia L Owings Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDIANAPOLIS, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $44K in total assets. In 2024, it awarded 2 grants totaling $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$44K
+2.2% YoY
Annual Giving
$2K
-44.9% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$1K
-17.4% YoY
Under IRS private-foundation payout rules, Frank N & Patricia L Owings Foundation Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About Frank N & Patricia L Owings Foundation Inc
Based on IRS filings
Frank N & Patricia L Owings Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDIANAPOLIS, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $44K in total assets. In 2024, it awarded 2 grants totaling $2K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $43,659 | $42,709 | $47,836 |
| Revenue | $4,792 | $1,653 | $180 |
| Expenses | $3,842 | $6,780 | $5,247 |
| Qualifying Distributions | $3,720 | $5,405 | $5,236 |
| Net Investment Income | — | — | — |
| Distributable Amount | $2,127 | $2,127 | $2,481 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Butler University ($1,720), IU Foundation ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| IU Foundation Bloomington, IN | General Support and Scholarships | $500 |
| Butler University Indianapolis, IN | General Support and Scholarships | $1,720 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PATRICA OWINGS | SEC/TREASURER | 1 | — |
| FRANK OWINGS JR | PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Frank N & Patricia L Owings Foundation Inc?
Frank N & Patricia L Owings Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDIANAPOLIS, IN. It holds $44K in total assets as of 2024.
How large is Frank N & Patricia L Owings Foundation Inc?
As of 2024, Frank N & Patricia L Owings Foundation Inc holds $44K in total assets with $5K in annual revenue. It awarded 2 grants totaling $2K in 2024.
Where does Frank N & Patricia L Owings Foundation Inc operate?
Frank N & Patricia L Owings Foundation Inc has awarded grants in Indiana, Kansas.
What size grants does Frank N & Patricia L Owings Foundation Inc award?
In 2024, Frank N & Patricia L Owings Foundation Inc awarded 2 grants totaling $2K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Frank N & Patricia L Owings Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank N & Patricia L Owings Foundation Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frank N & Patricia L Owings Foundation Inc's EIN?
Frank N & Patricia L Owings Foundation Inc's EIN (Employer Identification Number) is 35-1965099. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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