INA B Bond Ashbourne Charitable Fund Inc
The Ina B Bond Ashbourne Charitable Fund is a private foundation based in Louisville, Kentucky. Its 2024 filing is marked as a final return, and the fund states that it transferred all of its assets during 2024 to the Limestone Family Foundation Inc. and the Skylight Woods Foundation Inc.; it therefore appears to have wound down its grantmaking.
INA B Bond Ashbourne Charitable Fund Inc at a glance
In short: INA B Bond Ashbourne Charitable Fund Inc gave $3.8M across 10 grants in 2024 (avg $375K), mostly in Kentucky. 20% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,750,000
- +6.5% vs 2023
- Grants made (2024)
- 10
- -69.7% vs 2023
- Average grant
- $375,000
- +251.4% vs 2023
- Median grant
- $175,000
- New grantees (estimate)
- 20% first-time grantees (2 of 10, 2024; small sample)
- Primary geography
- Kentucky (83% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to INA B Bond Ashbourne Charitable Fund Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The fund does not accept unsolicited requests; it states that it makes contributions only to preselected charitable organizations. Its 2024 filing is marked as a final return.
- Contact
Mailing address: 5900 Us Highway 42, Louisville, KY 40241
Phone: (866) 671-7067
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who INA B Bond Ashbourne Charitable Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Community Foundation of Louisville ($1.4M). Together the top 10 received $3.8M.
Grant Size Distribution
183 grants across all recorded years
The most common grant size was under $50K: 141 grants of 183 (77%).
Geographic Focus
Where this funder awards grants
In 2024, 83% of grant dollars went to recipients in Kentucky, 14% to recipients in Florida, and 3% to recipients in Tennessee.
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
States
Cities
Is INA B Bond Ashbourne Charitable Fund Inc open to new grantees?
20%
first-time grantees, 2024
In 2024, 2 of 10 grantees (20%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $55K; repeat grants $455K. How we count
Medians: $55K first-time, $325K repeat.
- 70% of 2024 grantees were also funded in 2023. Method
- Giving grew 40% from 2021 to 2024. Method
- In 2024 it paid out 147% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2024). 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 2024, annual grant giving ranged from $2.7M (2019) to $3.8M (2024). In 2024 it made 10 grants totaling $3.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Foundation of Louisville Louisville, KY | Support | $1,450,000 |
| Bluegrass Land Conservancy Lexington, KY | Support | $1,000,000 |
| Gulf Stream School Gulf Stream, FL | Support | $500,000 |
| The Louisville Orchestra Inc Louisville, KY | Support | $400,000 |
| St Francis in the Fields Church Harrods Creek, KY | Support | $250,000 |
| Ducks Unlimited Memphis, TN | Support | $100,000 |
| St Paul's Delray Episcopal Church Delray Beach, FL | Support | $20,000 |
| Muhammad Ali Center Louisville, KY | Support | $10,000 |
| Waterfront Botanical Gardens Louisville, KY | Support | $10,000 |
| Second Stride Crestwood, KY | Support | $10,000 |
Ready to take the next step with INA B Bond Ashbourne Charitable Fund 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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $2,239,753 | $3,858,102 | $3,750,000 | 10 | $3,754,707 | $2,166,557 | $2,555,454 |
| 2023 | $24,622,879 | $2,365,277 | $3,587,819 | $3,521,500 | 33 | $3,523,217 | $2,300,675 | $3,047,143 |
| 2022 | $25,813,680 | $1,718,177 | $3,722,758 | $3,589,250 | 36 | $3,590,845 | $1,644,410 | $3,367,263 |
| 2021 | $27,818,261 | $4,156,016 | $2,871,718 | $2,687,500 | 50 | $2,689,162 | $4,073,108 | $3,607,675 |
| 2020 | $26,533,963 | $4,030,452 | $3,508,927 | $3,438,400 | 54 | — | $3,965,481 | $3,252,506 |
| 2019 | $26,012,438 | $2,756,119 | $2,738,871 | $2,658,209 | 56 | — | $1,147,367 | $2,885,915 |
Under IRS private-foundation payout rules, INA B Bond Ashbourne Charitable Fund Inc reported a distributable amount of $2.6M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the fund is provided. Its 2024 grants included support for a land conservancy, a school, an orchestra, churches, a community foundation, and other organizations. The grantees describe their own work in varied terms: Bluegrass Land Conservancy says it protects land in Kentucky’s Bluegrass region through permanent conservation easements; Gulf Stream School says it provides education from preschool through eighth grade; and The Louisville Orchestra says it promotes music through performances and education.
Grantmaking
In 2024, the fund reported 10 grants totaling $3,750,000. Grants ranged from $10,000 to $1,450,000, with a median of $175,000. The largest awards included $1,450,000 to Community Foundation of Louisville, $1,000,000 to Bluegrass Land Conservancy, $500,000 to Gulf Stream School, and $400,000 to The Louisville Orchestra. Each was listed with the purpose “support.”
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Ina Brown Bond as chairman and president, W Austin Musselman Jr as secretary and treasurer, and Elaine G Musselman as director.
INA B Bond Ashbourne Charitable Fund Inc is led by Ina Brown Bond, Chairman & President on every filing since 2019; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Ina Brown Bond
Chairman & President
On filings since 2019
0.1 hrs/week
No compensation reported
Elaine G. Musselman
Director
On filings since 2019
0.1 hrs/week
No compensation reported
W. Austin Musselman Jr.
Secretary & Treasurer
On filings since 2019
0.1 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 INA B Bond Ashbourne Charitable Fund Inc
How much does INA B Bond Ashbourne Charitable Fund Inc give each year?
INA B Bond Ashbourne Charitable Fund Inc gave $3.8M across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.5M across 33 grants.
What is INA B Bond Ashbourne Charitable Fund Inc's typical grant size?
INA B Bond Ashbourne Charitable Fund Inc's median grant in 2024 was $175,000, and its average grant was $375,000, across 10 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from INA B Bond Ashbourne Charitable Fund Inc that year got $55K on average.
Where does INA B Bond Ashbourne Charitable Fund Inc give grants?
INA B Bond Ashbourne Charitable Fund Inc gives mostly in Kentucky: 83% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Florida (14%). The most frequent recipient cities were Louisville, KY (4 grants).
Does INA B Bond Ashbourne Charitable Fund Inc give general operating support?
Not in 2024: none of the 10 grants with a stated purpose on INA B Bond Ashbourne Charitable Fund Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support" (10 grants).
Who are INA B Bond Ashbourne Charitable Fund Inc's largest grantees?
INA B Bond Ashbourne Charitable Fund Inc's largest 2024 grantees include Community Foundation of Louisville ($1,450,000), Bluegrass Land Conservancy ($1,000,000) and Gulf Stream School ($500,000), according to its 2024 IRS Form 990-PF. Together they received 79% of its itemized 2024 grant dollars.
What does INA B Bond Ashbourne Charitable Fund Inc fund?
No mission statement for the fund is provided. Its 2024 grants included support for a land conservancy, a school, an orchestra, churches, a community foundation, and other organizations. See mission & focus areas ↑
How do I apply for a grant from INA B Bond Ashbourne Charitable Fund Inc?
The fund does not accept unsolicited requests; it states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
How much is INA B Bond Ashbourne Charitable Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, INA B Bond Ashbourne Charitable Fund Inc reported a distributable amount of $2.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is INA B Bond Ashbourne Charitable Fund Inc's EIN?
INA B Bond Ashbourne Charitable Fund Inc's EIN (Employer Identification Number) is 45-2809797. IRS Form 990 filing data is available on this page for 2019–2024.
Does INA B Bond Ashbourne Charitable Fund Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 1, 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 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work INA B Bond Ashbourne Charitable Fund Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Cite this profile
Grantable. (2026). INA B Bond Ashbourne Charitable Fund Inc funder profile. GrantGraph. Retrieved October 20, 2026, from https://grantable.co/funders/ina-b-bond-ashbourne-charitable-fund-inc-morg_48cab062bfdf42b7b9b18c7aaa1f020c
BibTeX
@misc{grantable_452809797_2026,
author = {{Grantable}},
title = {{INA B Bond Ashbourne Charitable Fund Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/ina-b-bond-ashbourne-charitable-fund-inc-morg_48cab062bfdf42b7b9b18c7aaa1f020c},
note = {Accessed 2026-10-20. 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 INA B Bond Ashbourne Charitable Fund 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.
INA B Bond Ashbourne Charitable Fund Inc down — hundreds of funders to go?