Hamer D & Phyllis C Shafer Foundation
Hamer D & Phyllis C Shafer Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MUNCIE, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.8M in total assets. In 2024, it awarded 17 grants totaling $432K. Net investment income was $607K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.8M
+1.8% YoY
Annual Giving
$432K
-3.9% YoY
Grant Count
17
-5.6% YoY
Avg Grant Size
$25K
+1.8% YoY
Under IRS private-foundation payout rules, Hamer D & Phyllis C Shafer Foundation reported a distributable amount of $538K for 2024 — the minimum it must pay out in qualifying distributions.
About Hamer D & Phyllis C Shafer Foundation
Based on IRS filings
Hamer D & Phyllis C Shafer Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MUNCIE, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.8M in total assets. In 2024, it awarded 17 grants totaling $432K. Net investment income was $607K.
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 | $8,802,510 | $8,647,930 | $8,737,482 |
| Revenue | $653,689 | $416,333 | $242,018 |
| Expenses | $496,656 | $508,338 | $457,559 |
| Qualifying Distributions | $441,052 | $458,812 | $417,116 |
| Net Investment Income | $606,516 | $377,934 | $200,317 |
| Distributable Amount | $538,247 | $488,971 | $513,200 |
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
88 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ball State University Foundation ($50,000), Ymca of Muncie ($50,000), Shafer Leadership Academy ($45,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS MUNCIE, IN | HOME FIRE CAMPAIGN | $10,000 |
| BALL STATE UNIVERSITY FOUNDATION MUNCIE, IN | PAYMENT 3 OF 5 PERFORMING ARTS | $50,000 |
| CARDINAL GREENWAY MUNCIE, IN | OPERATIONS | $20,000 |
| COMMUNITY FOUNDATION OF MUNCIE & DELAWARE COUNTY INC MUNCIE, IN | 2024 FUNDERS FORUM | $5,000 |
| CORNERSTONE CENTER FOR THE ARTS MUNCIE, IN | OPERATIONS/STAFFING | $30,000 |
| GREATER MUNCIE INDIANA HABITAT FOR HUMANITY MUNCIE, IN | 2024 HOUSING PROGRAM | $40,000 |
| HEART OF INDIANA UNITED WAY MUNCIE, IN | ROAD TO READING | $20,000 |
| INTERLOCHEN CENTER FOR THE ARTS INTERLOCHEN, MI | ENDOWMENT PHYLLIS C SHAFER & VIRGINIA B BALL | $20,000 |
| MASTERWORKS CHORALE MUNCIE, IN | VALENTINE'S DAY CONCERT | $5,000 |
| MOTIVATE OUR MINDS MUNCIE, IN | AFTER SCHOOL PROGRAMMING | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TERRY L WALKER | TRUSTEE, CHAIRMAN AND PRES | 1.5 | — |
| CHRISTOPHER D FANCHER | TRUSTEE, SECRETARY | 0.5 | — |
| KENNETH R BRINER | TRUSTEE, TREASURER | 0.5 | — |
| RAY L CHAMBERS | TRUSTEE, SECOND VICE PRESIDENT | 0.5 | — |
| JON H MOLL | TRUSTEE, VICE PRESIDENT | 0.5 | — |
| ANDREW DAWSON | TRUSTEE | 0.5 | — |
| KEVIN WOEHLER | TRUSTEE | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hamer D & Phyllis C Shafer Foundation?
Hamer D & Phyllis C Shafer Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MUNCIE, IN. It holds $8.8M in total assets as of 2024.
How large is Hamer D & Phyllis C Shafer Foundation?
As of 2024, Hamer D & Phyllis C Shafer Foundation holds $8.8M in total assets with $654K in annual revenue. It awarded 17 grants totaling $432K in 2024.
Where does Hamer D & Phyllis C Shafer Foundation operate?
Hamer D & Phyllis C Shafer Foundation has awarded grants in Indiana, Michigan.
What size grants does Hamer D & Phyllis C Shafer Foundation award?
In 2024, Hamer D & Phyllis C Shafer Foundation awarded 17 grants totaling $432K — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is Hamer D & Phyllis C Shafer Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hamer D & Phyllis C Shafer Foundation reported a distributable amount of $538K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hamer D & Phyllis C Shafer Foundation's EIN?
Hamer D & Phyllis C Shafer Foundation's EIN (Employer Identification Number) is 35-1997098. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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