Future Keys Foundation Inc
Future Keys Foundation Inc is a private foundation based in Carmel, Indiana. Its stated mission is to support nonprofit organizations in Indiana focused on the arts, education, and health.
Future Keys Foundation Inc at a glance
In short: Future Keys Foundation Inc gave $323K across 26 grants in 2025 (avg $12K), mostly in Indiana. 12% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $322,753
- +0.2% vs 2024
- Grants made (2025)
- 26
- +0.0% vs 2024
- Average grant
- $12,414
- +0.2% vs 2024
- Median grant
- $7,500
- Total assets
- $4,829,939
- -5.0% vs 2024
- New grantees (estimate)
- 12% first-time grantees (3 of 26, 2025)
- 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 October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Future Keys Foundation Inc
- How to Apply
-
Requests should be directed to Timothy Lawless and include the amount requested and the purpose for which the money would be used. The foundation states that it does not restrict giving to preselected organizations; its stated restriction is that its mission is to support nonprofit organizations in Indiana focused on the arts, education, and health.
- Contact
Application contact: Timothy Lawless
Mailing address: 5715 Prelude Lane, Carmel, IN 46033
Phone: (317) 846-5300
Email: tim.lawless@futurekeys.biz
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Future Keys Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Gleaners Food Bank ($50K). Together the top 10 received $253K.
Grant Size Distribution
119 grants across all recorded years
The most common grant size was under $50K: 118 grants of 119 (99%).
Geographic Focus
Where this funder awards grants
The foundation’s stated mission focuses on nonprofit organizations in Indiana. In filing year 2025, all reported grant dollars went to recipients in Indiana.
Grant Distribution by State
Share of 2025 grant dollars across all 26 itemized grants.
Cities
Is Future Keys Foundation Inc open to new grantees?
12%
first-time grantees, 2025
In 2025, 3 of 26 grantees (12%) were first-time recipients. First grants averaged $5K; repeat grants $13K. How we count
Medians: $3K first-time, $10K repeat.
- 85% of 2025 grantees were also funded in 2024. Method
- Giving grew 452% from 2022 to 2025. Method
- In 2025 it paid out 100% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $45K (2019) to $323K (2025). In 2025 it made 26 grants totaling $323K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Gleaners Food Bank Indianapolis, IN | General Purposes | $50,000 |
| Discovering Broadway Indianapolis, IN | General Purposes | $35,000 |
| The Cabaret at the Columbia Club Indianapolis, IN | General Purposes | $32,500 |
| Wheeler Mission Indianapolis, IN | General Purposes | $25,000 |
| Boys and Girls Clubs Indianapolis, IN | General Purposes | $25,000 |
| Make a Wish Indianapolis, IN | General Purposes | $25,000 |
| Women's Fund Indianapolis, IN | General Purposes | $20,000 |
| Indy Honor Flight Plainfield, IN | General Purposes | $20,000 |
| Ball State University Muncie, IN | General Purposes | $10,753 |
| Crooked Creek Food Pantry Indianapolis, IN | General Purposes | $10,000 |
Ready to take the next step with Future Keys Foundation Inc?
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 | $4,829,939 | $129,886 | $386,356 | $322,753 | 26 | $326,512 | $86,507 | $325,870 |
| 2024 | $5,086,409 | $173,695 | $389,128 | $322,000 | 26 | $326,314 | $110,881 | $298,373 |
| 2023 | $5,301,842 | $386,732 | $111,329 | $58,000 | 22 | $60,941 | $96,744 | $264,279 |
| 2022 | $5,026,189 | $4,499,270 | $69,401 | $58,500 | 18 | $60,275 | $8,173 | $52,095 |
| 2021 | $593,570 | $500,074 | $71,501 | $69,800 | 27 | $71,400 | $74 | $37,884 |
| 2020 | $164,997 | $101,600 | $75,483 | $73,850 | 23 | — | — | $5,819 |
| 2019 | $138,380 | $124,773 | $46,250 | $44,650 | 26 | — | — | $3,265 |
Under IRS private-foundation payout rules, Future Keys Foundation Inc reported a distributable amount of $326K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation identifies the arts, education, and health as its focus areas. Its grantees illustrate a range of nonprofit work: Boys and Girls Clubs describes its mission as providing young people a safe, educational, and positive atmosphere, while Indiana Repertory Theatre says it uses live theatre and community programming to engage and entertain the community. Crooked Creek Food Pantry describes its work as providing food and grocery items to people experiencing food and nutritional insufficiencies.
Grantmaking
In filing year 2025, the foundation reported 26 grants totaling $322,753. Grants ranged from $2,000 to $50,000, with a median of $7,500. Its largest reported grants included $50,000 to Gleaners Food Bank, $35,000 to Discovering Broadway, $32,500 to The Cabaret at the Columbia Club, and $25,000 each to Wheeler Mission, Boys and Girls Clubs, and Make A Wish. The filing lists the purposes of these grants as general purposes.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Timothy D. Lawless as chairman of the board; Kim McNair Lawless as president; Patrick J. Bradley as secretary; and Rebecca Hinshaw and Terry Crow as directors.
Future Keys Foundation Inc is led by Kim McNair Lawless, President on every filing since 2019; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kim McNair Lawless
President
On filings since 2019
1 hr/week
No compensation reported
Timothy D. Lawless
Chairman of the Board
Chairman of the Board of D → Chairman of the Board, 2023
On filings since 2019
1 hr/week
No compensation reported
Rebecca Hinshaw
Director
On filings since 2019
1 hr/week
No compensation reported
Terry Crow
Director
On filings since 2023
1 hr/week
No compensation reported
Patrick J. Bradley
Secretary
On filings since 2019
1 hr/week
No compensation reported
Former officers (1)
- Former: Steve Claffey (2019–2022) — Director
Data from IRS Form 990 filings, 2019–2025. "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 Future Keys Foundation Inc
How much does Future Keys Foundation Inc give each year?
Future Keys Foundation Inc gave $323K across 26 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $322K across 26 grants.
What is Future Keys Foundation Inc's typical grant size?
Future Keys Foundation Inc's median grant in 2025 was $7,500, and its average grant was $12,414, across 26 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Future Keys Foundation Inc that year got $5K on average.
Where does Future Keys Foundation Inc give grants?
Future Keys 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 (19 grants).
Does Future Keys Foundation Inc give general operating support?
Yes: 100% of Future Keys Foundation Inc's 2025 grants with a stated purpose (26 of 26) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Future Keys Foundation Inc's largest grantees?
Future Keys Foundation Inc's largest 2025 grantees include Gleaners Food Bank ($50,000), Discovering Broadway ($35,000) and The Cabaret at the Columbia Club ($32,500), according to its 2025 IRS Form 990-PF. Together they received 36% of its itemized 2025 grant dollars.
How large is Future Keys Foundation Inc?
Future Keys Foundation Inc reported $4.8M in total assets on its 2025 IRS Form 990-PF. It paid out $327K in qualifying distributions that year, against a required minimum of $326K (roughly 5% of its investment assets).
What does Future Keys Foundation Inc fund?
The foundation identifies the arts, education, and health as its focus areas. See mission & focus areas ↑
How do I apply for a grant from Future Keys Foundation Inc?
Requests should be directed to Timothy Lawless and include the amount requested and the purpose for which the money would be used. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Future Keys Foundation Inc's EIN?
Future Keys Foundation Inc's EIN (Employer Identification Number) is 47-2533605. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 12, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 19, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 22, 2026)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in Future Keys Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Future Keys Foundation Inc funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/future-keys-foundation-inc-morg_9a7a3c8be631442e8a2ff86c5554503c
BibTeX
@misc{grantable_472533605_2026,
author = {{Grantable}},
title = {{Future Keys Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/future-keys-foundation-inc-morg_9a7a3c8be631442e8a2ff86c5554503c},
note = {Accessed 2026-10-13. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Future Keys Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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