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.
Key facts about INA B Bond Ashbourne Charitable Fund Inc
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.
- EIN
- 45-2809797
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $3,750,000
- Grants made (2024)
- 10
- Average grant
- $375,000
- Median grant
- $175,000
- New grantees (estimate)
- 20% first-time grantees (2 of 10, 2024)
- Primary geography
- Kentucky (83% of itemized 2024 grant dollars)
- 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. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$3.8M
+6.5% YoY
Grant Count
10
-69.7% YoY
Avg Grant Size
$375K
+251.4% YoY
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.
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. 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.
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.”
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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
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.
Grant Insights
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%).
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grant total | Number of grants |
|---|---|---|
| 2024 | $3,750,000 | 10 |
| 2023 | $3,521,500 | 33 |
| 2022 | $3,589,250 | 36 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $24,622,879 | $25,813,680 |
| Revenue | $2,239,753 | $2,365,277 | $1,718,177 |
| Expenses | $3,858,102 | $3,587,819 | $3,722,758 |
| Qualifying Distributions | $3,754,707 | $3,523,217 | $3,590,845 |
| Net Investment Income | $2,166,557 | $2,300,675 | $1,644,410 |
| Distributable Amount | $2,555,454 | $3,047,143 | $3,367,263 |
Data update history
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
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.
Contact
Mailing address: 5900 Us Highway 42, Louisville, KY 40241
Phone: (866) 671-7067
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.
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