Frank N & Patricia L Owings Foundation Inc

Foundation · Grantmaker INDIANAPOLIS, IN EIN: 35-1965099

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

-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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $13K (93%)

Kansas $1K (7%)

States

Indiana Kansas

Cities

BloomingtonIndianapolisManhattan

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.