Grace Buchanan Memorial Fund Inc
Grace Buchanan Memorial Fund Inc is a private foundation, based in Monmouth, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $904K in total assets. In 2025, it awarded 1 grant totaling $14K. Net investment income was $33K.
Grace Buchanan Memorial Fund Inc at a glance
In short: Grace Buchanan Memorial Fund Inc gave $14K across 1 grant in 2025 (avg $14K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $14,000
- -42.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $14,000
- -42.6% vs 2024
- Median grant
- $14,000
- Total assets
- $903,644
- +1.0% vs 2024
- Primary geography
- Illinois (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 Grace Buchanan Memorial Fund Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Buchanan Center for the Arts ($14K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Grace Buchanan Memorial Fund Inc gives
- Giving fell 42% from 2022 to 2025. Method
- In 2023 it paid out 7% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $14K (2025) to $36K (2020). In 2025 it made 1 grant totaling $14K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Buchanan Center for the Arts Monmouth, IL | Support Fine Arts for All Persons | $14,000 |
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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 | $903,644 | $29,153 | $24,644 | $14,000 | 1 | $14,000 | $33,335 | — |
| 2024 | $894,747 | $38,440 | $29,648 | $24,375 | 1 | $28,028 | $37,937 | — |
| 2023 | $887,670 | $28,531 | $35,033 | $20,000 | 1 | $3,179 | $21,518 | $43,335 |
| 2022 | $885,592 | $-4,706 | $29,789 | $24,200 | 1 | $26,134 | $17,928 | — |
| 2021 | $920,923 | $41,965 | $38,484 | $34,535 | 1 | $36,228 | $23,848 | — |
| 2020 | $917,431 | $36,865 | $41,893 | $36,000 | 1 | — | $21,728 | — |
| 2019 | $922,459 | $26,944 | $35,290 | $27,800 | 1 | — | $29,474 | — |
Leadership & Key People
Officers and directors from IRS filings
Grace Buchanan Memorial Fund Inc is led by Colleen Cramblet, President on every filing since 2019; none of the 13 officers listed in 2025 report compensation.
Officers on the 2025 filing
Colleen Cramblet
President
On filings since 2019
No compensation reported
Alan Kulczewski
Director
On filings since 2019
No compensation reported
John D. Turnbull
Director
On filings since 2019
No compensation reported
Judy Mahoney
Director
On filings since 2019
No compensation reported
Mark Wilhardt
Director
On filings since 2019
No compensation reported
Richard Whitman
Director
On filings since 2019
No compensation reported
Steve Murmann
Director
On filings since 2019
No compensation reported
Susan Twomey
Director
On filings since 2019
No compensation reported
William Smith
Director
On filings since 2019
No compensation reported
Michael Pearson
Director
On filings since 2021
No compensation reported
Aaron Jensen
Treasurer
On filings since 2019
No compensation reported
Amy McKenna
Vice President
On filings since 2019
No compensation reported
Dorothy Rickets
Secretary
Director → Secretary, 2024
On filings since 2021
No compensation reported
Former officers (4)
- Former: Chris Ayers (2019–2024) — Director
- Former: Jamie Martin (2019–2024) — Director
- Former: Mike Lewis (2021–2023) — Director
- Former: Nancy Gossett (2019–2020) — 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 Grace Buchanan Memorial Fund Inc
How much does Grace Buchanan Memorial Fund Inc give each year?
Grace Buchanan Memorial Fund Inc gave $14K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $24K across 1 grant.
How large is Grace Buchanan Memorial Fund Inc?
Grace Buchanan Memorial Fund Inc reported $904K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $29K.
Where does Grace Buchanan Memorial Fund Inc operate?
Grace Buchanan Memorial Fund Inc has awarded grants in Illinois.
What is Grace Buchanan Memorial Fund Inc's EIN?
Grace Buchanan Memorial Fund Inc's EIN (Employer Identification Number) is 37-1098842. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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 May 7, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 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 June 6, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
- IRS filings on file for fiscal years 2019–2024
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