Garry and Mary Lou Estes Foundation Inc is a private foundation focused on Education, based in HOPE, IN. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 21 grants totaling $86K. Net investment income was $30K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
+2.4% YoY
Annual Giving
$86K
+53.8% YoY
Grant Count
21
+50.0% YoY
Avg Grant Size
$4K
+2.6% YoY
Under IRS private-foundation payout rules, Garry and Mary Lou Estes Foundation Inc reported a distributable amount of $58K for 2024 — the minimum it must pay out in qualifying distributions.
About Garry and Mary Lou Estes Foundation Inc
Based on IRS filings
Garry and Mary Lou Estes Foundation Inc is a private foundation focused on Education, based in HOPE, IN. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 21 grants totaling $86K. Net investment income was $30K.
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 | $1,179,765 | $1,152,654 | $1,129,645 |
| Revenue | $47,085 | $35,509 | $1,136,121 |
| Expenses | $109,868 | $87,941 | $21,862 |
| Qualifying Distributions | $88,681 | $58,392 | $19,061 |
| Net Investment Income | $29,822 | $15,920 | $1,716 |
| Distributable Amount | $57,869 | $54,692 | $47,851 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
38 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Welding Academy ($25,500), North American Lineman Training Center ($10,000), Purdue University ($6,500).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN WELDING ACADEMY UNION, MO | SCHOLARSHIP | $25,500 |
| AVEDA INSTITUTE CARMEL, IN | SCHOLARSHIP | $5,000 |
| BALL STATE UNIVERSITY MUNCIE, IN | SCHOLARSHIP | $500 |
| FRANKLIN COLLEGE FRANKLIN, IN | SCHOLARSHIP | $500 |
| FUTURE JETS BIDDY BASKETBALL TRAVEL TEAM HOPE, IN | SCHOLARSHIP | $1,375 |
| HANOVER COLLEGE HANOVER, IN | SCHOLARSHIP | $500 |
| HOPE ELEMENTARY HOPE, IN | ART ROOM AND READING CELEBRATION | $876 |
| INDIANA STATE UNIVERSITY TERRE HAUTE, IN | SCHOLARSHIP | $2,000 |
| IU COLUMBUS COLUMBUS, IN | SCHOLARSHIP | $3,500 |
| IU INDIANAPOLIS INDIANAPOLIS, IN | SCHOLARSHIP | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RIKKI HEGE | PRESIDENT | 10 | — |
| BRENTON MCKINNEY | VICE PRESIDENT | 3 | — |
| ANDREA HATTON | SECRETARY AND TREASURER | 6 | — |
| REX BAXTER | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Garry and Mary Lou Estes Foundation Inc?
Garry and Mary Lou Estes Foundation Inc is a private foundation focused on Education, based in HOPE, IN. It holds $1.2M in total assets as of 2024.
How large is Garry and Mary Lou Estes Foundation Inc?
As of 2024, Garry and Mary Lou Estes Foundation Inc holds $1.2M in total assets with $47K in annual revenue. It awarded 21 grants totaling $86K in 2024.
Where does Garry and Mary Lou Estes Foundation Inc operate?
Garry and Mary Lou Estes Foundation Inc has awarded grants in Georgia, Indiana, Kansas, Missouri, Ohio, Tennessee.
What size grants does Garry and Mary Lou Estes Foundation Inc award?
In 2024, Garry and Mary Lou Estes Foundation Inc awarded 21 grants totaling $86K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Garry and Mary Lou Estes Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Garry and Mary Lou Estes Foundation Inc reported a distributable amount of $58K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Garry and Mary Lou Estes Foundation Inc's EIN?
Garry and Mary Lou Estes Foundation Inc's EIN (Employer Identification Number) is 88-3061439. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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