Independence Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OWENSBORO, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $394K in total assets. In 2024, it awarded 2 grants totaling $250K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$394K
+16.8% YoY
Annual Giving
$250K
-75.5% YoY
Grant Count
2
-77.8% YoY
Avg Grant Size
$125K
+10.4% YoY
Under IRS private-foundation payout rules, Independence Foundation Inc reported a distributable amount of $17K for 2024 — the minimum it must pay out in qualifying distributions.
About Independence Foundation Inc
Based on IRS filings
Independence Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OWENSBORO, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $394K in total assets. In 2024, it awarded 2 grants totaling $250K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $393,500 | $336,917 | $479,712 |
| Revenue | $332,310 | $905,713 | $1,596,873 |
| Expenses | $275,727 | $1,048,508 | $1,536,879 |
| Qualifying Distributions | $275,727 | $1,048,508 | $1,536,879 |
| Net Investment Income | — | — | — |
| Distributable Amount | $16,935 | $19,761 | $23,780 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Various - See Attached ($248,824), Laura Ueltschi ($1,210).
| Recipient | Purpose | Amount |
|---|---|---|
| VARIOUS - SEE ATTACHED OWENSBORO, KY | SEE ATTACHMENT | $248,824 |
| LAURA UELTSCHI FRANKFORT, KY | RELIEF OF ECONOMIC DISTRESS, MEDICAL BILLS, RENT | $1,210 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Independence Foundation Inc?
Independence Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OWENSBORO, KY. It holds $394K in total assets as of 2024.
How large is Independence Foundation Inc?
As of 2024, Independence Foundation Inc holds $394K in total assets with $332K in annual revenue. It awarded 2 grants totaling $250K in 2024.
Where does Independence Foundation Inc operate?
Independence Foundation Inc has awarded grants in Kentucky.
What size grants does Independence Foundation Inc award?
In 2024, Independence Foundation Inc awarded 2 grants totaling $250K — an average of about $125K per grant, based on its IRS Form 990 filings.
How much is Independence Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Independence Foundation Inc reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Independence Foundation Inc's EIN?
Independence Foundation Inc's EIN (Employer Identification Number) is 26-1568393. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Independence Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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