Jane S Heman Foundation Inc

Foundation · Grantmaker Stevensville, MT EIN: 81-0526846

The Jane S Heman Foundation Inc is a private foundation established in 1999 and based in Stevensville, Montana. The foundation operates as a 501(c)(3) organization with a focus on philanthropic giving primarily within Montana communities.

Key facts about Jane S Heman Foundation Inc

EIN: 81-0526846
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $836,800
Grants made (2024): 30
Average grant: $27,893
Median grant: $25,000
New grantees (estimate): 38% first-time grantees (11 of 29, 2024)
Total assets: $7,225,142
Primary geography: Montana (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who Jane S Heman Foundation Inc funds

By grant dollars, the top recipient states for Jane S Heman Foundation Inc's 30 itemized 2024 grants were Montana (100%). The most frequent recipient cities were Missoula, MT (19 grants), Hamilton, MT (3 grants) and Bozeman, MT (2 grants). 3% of grants with a stated purpose were for general or operating support.

Is Jane S Heman Foundation Inc open to new grantees?

38%

first-time grantees, 2024

In 2024, 11 of 29 grantees (38%) were first-time recipients. First grants averaged $23K; repeat grants $33K. How we count

Medians: $26K first-time, $28K repeat.

62% of 2024 grantees were also funded in 2023. Method
Giving grew 24% from 2021 to 2024. Method
In 2024 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with Jane S Heman Foundation Inc

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7.2M

+1.4% YoY

Annual Giving

$837K

-0.2% YoY

Grant Count

+3.4% YoY

Avg Grant Size

$28K

-3.5% YoY

Under IRS private-foundation payout rules, Jane S Heman Foundation Inc reported a distributable amount of $983K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

Education
Historic buildings preservation
Historic preservation
Arts grants for nonprofits
Community health
Human services
Philanthropy, voluntarism, and grantmaking

Grantmaking

The foundation appears to accept new applicants and has funded approximately 12% of new applicants in recent years.

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Geographic Focus

Where this funder awards grants

The foundation funds primarily in Montana, with particular emphasis on rural western Montana communities. Documented funding locations include Big Fork, Bonner, Bozeman, and other Montana communities.

Grant Distribution by State

Montana $837K (100%)

Share of all 30 itemized 2024 grant dollars.

States

Montana

Cities

MissoulaHamiltonStevensvilleCorvallisBozemanDarbyGreat FallsLoloBonnerFlorenceHelenaArleeBig ForkPotomacSuperiorThompson Falls

Financial History

Multi-year comparison from IRS filings

Assets & Revenue (2024):

Total assets: $7,225,142
Total revenues: $1,022,446
Total expenses: $922,645
Total giving: $836,800

Historical Assets:

2024: $7,225,142
2023: $7,125,341 (approximately)

The foundation maintains zero employees and operates with a board-based structure.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$7,225,142	$7,125,341	$7,334,087
Revenue	$1,022,446	$702,325	$363,095
Expenses	$922,645	$911,071	$927,359
Qualifying Distributions	$867,400	$866,211	$882,254
Net Investment Income	$1,011,584	$683,764	$503,619
Distributable Amount	$983,039	$863,065	$866,771

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

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

136 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Montana State University ($131,000), Spectrum ($80,000), Mountain Home Montana ($50,000).

Recipient	Purpose	Amount
MONTANA STATE UNIVERSITY Bozeman, MT	THE GRANT IS FOR CLINICAL TRAVEL SUPPORT FOR MSU NURSING STUDENTS. THE GRANT ALSO PROVIDES EQUIPMENT CAPITAL FOR FURNISHING A ROOM IN THE NEW MARK AND ROBIN JONES COLLEGE OF NURSING IN MISSOULA, WHICH IS LOCATED ON THE COMMUNITY HOSPITAL CAMPUS.	$131,000
SPECTRUM Missoula, MT	FUNDS USED TO DESIGN, CREATE AND FOSTER A STEM LEARNING ECOSYSTEM IN MONTANA'S BITTERROOT VALLEY.	$80,000
MOUNTAIN HOME MONTANA Missoula, MT	LOW COST HOUSING PROJECT	$50,000
PROVIDENCE MONTANA HEALTH FOUNDATION Missoula, MT	FUNDS USED TO SUPPORT MISSION.	$45,000
CLARK FORK COALITION Missoula, MT	FUNDS USED FOR EDUCATION OF THE CLARK FORK WATERSHED.	$40,000
NATIONAL MUSEUM OF FOREST SERVICE HISTORY Missoula, MT	CAPITAL DISPLAY GRANT	$40,000
RAVALLI COUNTY MUSEUM Hamilton, MT	FUNDS USED TO ASSIST IN DESIGNING PROGRAM ENHANCEMENTS FOR THE COLLECTION, PRESERVATION, AND DIGITIZATION OF HISTORICAL DOCUMENTS WITHIN THE LIBRARY.	$40,000
RED CROSS Missoula, MT	FUNDS USED FOR BLOOD TRANSPORTATION VAN	$38,500
RURAL BEHAVIOR HEALTH INSTITUTE Bozeman, MT	2024 GRANT FOR RURAL SCHOOL MENTAL HEALTH	$32,000
MISSOULA WRITING COLLABORATIVE Missoula, MT	FUNDS USED TO TEACH AND PREPARE ELEMENTARY SCHOOL STUDENTS TO READ AND WRITE POETRY.	$30,600

Leadership & Key People

Leadership team and compensation from IRS filings

Robert A. Thomas – President (15 hours per week, $40,000 annual compensation)
Carol Capp – Vice President (4 hours per week, $7,000 annual compensation)
Michael A. Magone – Secretary/Treasurer (4 hours per week, $7,000 annual compensation)

The foundation also lists John Dayries and Bob Thomas as associated contacts.

Contact Information:

Address: 366 Hillview Drive, Stevensville, MT 59870-6745
Telephone: 406-549-3195

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Michael a Magone	President	15	$26,000
Carol Capp	Vice President	4	$8,000
Robert a Thomas	Secretary/Treasurer	4	$26,000

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Jane S Heman Foundation Inc fund?

The foundation primarily funds programs designed to mentor economically disadvantaged students in rural communities within western Montana in science and technology. Additional funding focus areas include: • Education • Historic buildings preservation • Historic preservation • Arts grants for nonprofits • Community health • Human services • Philanthropy, voluntarism, and grantmaking

How do I apply for a grant from Jane S Heman Foundation Inc?

**Grant Activity:** • Made 26 grants in the most recent fiscal year • Total giving: $836,800 • Typical award range: $1,000–$160,000 **Recent Grants (2024):** • Mountain Home Montana: $50,000 (Low Cost Housing Project) • Providence Montana Health Foundation: $45,000 (Mission support) • Ravalli County Museum: $40,000 (Program enhancements for collection preservation and digitization of historical documents) The foundation appears to accept new applicants and has funded approximately 12% of new ap…

Where does Jane S Heman Foundation Inc make grants?

What size grants does Jane S Heman Foundation Inc award?

In 2024, Jane S Heman Foundation Inc awarded 30 grants totaling $837K — an average of about $28K per grant, based on its IRS Form 990 filings.

How much is Jane S Heman Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Jane S Heman Foundation Inc reported a distributable amount of $983K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.