H Richard McFarland Charitable Tr
H Richard McFarland Charitable Tr is a private foundation, based in Indianapolis, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.0M in total assets. In 2024, it awarded 5 grants totaling $655K.
H Richard McFarland Charitable Tr at a glance
In short: H Richard McFarland Charitable Tr gave $655K across 5 grants in 2024 (avg $131K), mostly in Indiana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $655,000
- +17.9% vs 2023
- Grants made (2024)
- 5
- +0.0% vs 2023
- Average grant
- $131,000
- +17.9% vs 2023
- Median grant
- $150,000
- Total assets
- $7,026,893
- -11.9% vs 2023
- Primary geography
- Indiana (92% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who H Richard McFarland Charitable Tr funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was H Richard McFarland Early Americana ($240K). Together the top 5 received $655K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was in the $100–250K range: 8 grants of 22 (36%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How H Richard McFarland Charitable Tr gives
- Giving fell 31% from 2021 to 2024. Method
- In 2024 it paid out 145% 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 2024, annual grant giving ranged from $556K (2023) to $950K (2021). In 2024 it made 5 grants totaling $655K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| H Richard McFarland Early Americana Indianapolis, IN | See Expenditure Responsibility Statement | $240,000 |
| Heartland Mindfulness Collective Zionsville, IN | General Support | $190,000 |
| Overdose Lifeline Inc Indianapolis, IN | General Support | $150,000 |
| Fair Haven Church Centerville, OH | General Support | $50,000 |
| Indy Yoga Movement Carmel, IN | General Support | $25,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $7,026,893 | $21,656 | $969,040 | $655,000 | 5 | $691,957 | — | $477,757 |
| 2023 | $7,974,277 | $-2,922,013 | $735,002 | $555,572 | 5 | $595,409 | $10,919 | $455,885 |
| 2022 | $11,631,292 | $630,149 | $786,488 | $625,000 | 4 | $646,306 | $528,030 | $490,240 |
| 2021 | $11,787,631 | $1,764,866 | $1,076,703 | $950,000 | 4 | $961,236 | $1,650,630 | $628,054 |
| 2020 | $11,099,468 | $6,903,671 | $984,936 | $765,000 | 4 | — | $87,554 | $280,019 |
Under IRS private-foundation payout rules, H Richard McFarland Charitable Tr reported a distributable amount of $478K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
H Richard McFarland Charitable Tr's 2024 filing lists 3 officers; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
David P. Sims
Trustee
Co-Trustee → Trustee, 2021
On filings since 2020
20 hrs/week
$18K (2021) → $51K (2024)
Michael McFarland
Trustee
Co-Trustee → Trustee, 2021
On filings since 2020
0.1 hrs/week
No compensation reported
Marian Joan Craycraft
Trustee
New on the 2024 filing
0.1 hrs/week
No compensation reported
Former officers (1)
- Former: Marian Sims (2020–2023) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $51K, to David P Sims (Trustee).
Frequently asked questions about H Richard McFarland Charitable Tr
How much does H Richard McFarland Charitable Tr give each year?
H Richard McFarland Charitable Tr gave $655K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $556K across 5 grants.
What is H Richard McFarland Charitable Tr's typical grant size?
H Richard McFarland Charitable Tr's median grant in 2024 was $150,000, and its average grant was $131,000, across 5 grants on its 2024 IRS Form 990-PF.
Where does H Richard McFarland Charitable Tr give grants?
H Richard McFarland Charitable Tr gives mostly in Indiana: 92% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Ohio (8%). The most frequent recipient cities were Indianapolis, IN (2 grants).
Does H Richard McFarland Charitable Tr give general operating support?
Yes: 80% of H Richard McFarland Charitable Tr's 2024 grants with a stated purpose (4 of 5) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are H Richard McFarland Charitable Tr's largest grantees?
H Richard McFarland Charitable Tr's largest 2024 grantees include H Richard McFarland Early Americana ($240,000), Heartland Mindfulness Collective ($190,000) and Overdose Lifeline Inc ($150,000), according to its 2024 IRS Form 990-PF. Together they received 89% of its itemized 2024 grant dollars.
How large is H Richard McFarland Charitable Tr?
H Richard McFarland Charitable Tr reported $7.0M in total assets on its 2024 IRS Form 990-PF. It paid out $692K in qualifying distributions that year, against a required minimum of $478K (roughly 5% of its investment assets).
What is H Richard McFarland Charitable Tr's EIN?
H Richard McFarland Charitable Tr's EIN (Employer Identification Number) is 35-6479692. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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