Frank N & Patricia L Owings Foundation Inc
Frank N & Patricia L Owings Foundation Inc is a private foundation, based in Indianapolis, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $40K in total assets. In 2025, it awarded 4 grants totaling $4K.
Frank N & Patricia L Owings Foundation Inc at a glance
In short: Frank N & Patricia L Owings Foundation Inc gave $4K across 4 grants in 2025 (avg $1K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,450
- +100.5% vs 2024
- Grants made (2025)
- 4
- +100.0% vs 2024
- Average grant
- $1,113
- +0.2% vs 2024
- Median grant
- $525
- Total assets
- $40,254
- -7.8% vs 2024
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Frank N & Patricia L Owings Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Butler University ($3K). Together the top 4 received $4K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 13 grants of 13 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Frank N & Patricia L Owings Foundation Inc gives
- Giving grew 63% from 2022 to 2025. Method
- In 2025 it paid out 235% of its IRS minimum distribution (the 5% rule). 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 2020 to 2025, annual grant giving ranged from $2K (2024) to $5K (2020). In 2025 it made 4 grants totaling $4K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Butler University Indianapolis, IN | General Support and Scholarships | $3,200 |
| Iu Foundtion Bloomington, IN | General Support | $850 |
| Hancock County Arts Greenfield, IN | General Support | $200 |
| Garfield Park Arts Center Indianapolis, IN | General Support | $200 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $40,254 | $1,445 | $4,850 | $4,450 | 4 | $4,850 | — | $2,066 |
| 2024 | $43,659 | $4,792 | $3,842 | $2,220 | 2 | $3,720 | — | $2,127 |
| 2023 | $42,709 | $1,653 | $6,780 | $4,030 | 3 | $5,405 | — | $2,127 |
| 2022 | $47,836 | $180 | $5,247 | $2,725 | 4 | $5,236 | — | $2,481 |
| 2021 | $52,903 | $20,348 | $2,215 | — | — | $1,100 | $5,076 | $2,067 |
| 2020 | $34,770 | $1,582 | $7,525 | $5,000 | 1 | — | — | $1,906 |
Under IRS private-foundation payout rules, Frank N & Patricia L Owings Foundation Inc reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Frank N & Patricia L Owings Foundation Inc's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Frank Owings Jr.
Preident
President → Preident, 2025
On filings since 2020
No compensation reported
Patricia Owings
Sectreasurer
Secretary & Treasurer → Sectreasurer, 2025
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Frank N & Patricia L Owings Foundation Inc
How much does Frank N & Patricia L Owings Foundation Inc give each year?
Frank N & Patricia L Owings Foundation Inc gave $4K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2K across 2 grants.
What is Frank N & Patricia L Owings Foundation Inc's typical grant size?
Frank N & Patricia L Owings Foundation Inc's median grant in 2025 was $525, and its average grant was $1,113, across 4 grants on its 2025 IRS Form 990-PF.
Where does Frank N & Patricia L Owings Foundation Inc give grants?
Frank N & Patricia L Owings Foundation Inc gives mostly in Indiana: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Indianapolis, IN (2 grants).
Does Frank N & Patricia L Owings Foundation Inc give general operating support?
Yes: 100% of Frank N & Patricia L Owings Foundation Inc's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Frank N & Patricia L Owings Foundation Inc?
Frank N & Patricia L Owings Foundation Inc reported $40K in total assets on its 2025 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 16, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 19, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 26, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 29, 2026)
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