Karen L Bean Irrv Private Foundation

Private foundation · Grantmaker Indianapolis, IN EIN: 32-6007838

Karen L Bean Irrv Private Foundation is a private foundation, based in Indianapolis, IN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $685K in total assets. In 2025, it awarded 3 grants totaling $47K. Net investment income was $154K.

Karen L Bean Irrv Private Foundation at a glance

In short: Karen L Bean Irrv Private Foundation gave $47K across 3 grants in 2025 (avg $16K), top state Tennessee. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$47,350
+2.2% vs 2024
Grants made (2025)
3
+0.0% vs 2024
Average grant
$15,783
+2.2% vs 2024
Median grant
$15,783
Total assets
$685,414
+9.8% vs 2024
Primary geography
Tennessee (33% of itemized 2025 grant dollars)
Latest 990 filing
Form 990-PF, 2025 View filing

Data from IRS Form 990-PF, 2025; updated September 2026.

Who Karen L Bean Irrv Private Foundation funds

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2025

Duck's Unlimited: $16KDuck's Unlimited$16KHistoric Crail Ranch Conservators: $16KHistoric Crail RanchConservators$16KTeacher's Treasures: $16KTeacher's Treasures$16K

The largest 2025 recipient was Duck's Unlimited ($16K). Together the top 3 received $47K.

Grant Size Distribution

15 grants across all recorded years

15<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 15 grants of 15 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2025 grant dollars across all 3 itemized grants.

Cities

Big SkyIndianapolisMemphis

How Karen L Bean Irrv Private Foundation gives

  • Giving fell 21% from 2022 to 2025. Method
  • In 2025 it paid out 99% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K3 grants2019 3 grants2020 3 grants2021 3 grants2022 3 grants2023 3 grants2024 3 grants2025

From 2019 to 2025, annual grant giving ranged from $46K (2024) to $60K (2022). In 2025 it made 3 grants totaling $47K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Duck's Unlimited Memphis, TNIndiana Conservation Projects$15,784
Historic Crail Ranch Conservators Big Sky, MTHistoric Beaverslide Restoration$15,783
Teacher's Treasures Indianapolis, INSchool Supplies$15,783
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$685,414$171,957$110,504$47,3503$47,350$153,762$47,915
2024$623,961$114,208$107,699$46,3503$46,350$92,859$47,480
2023$617,452$83,796$127,854$51,0003$51,000$66,666$46,230
2022$661,510$55,113$126,749$60,0003$60,000$34,749$54,454
2021$733,146$114,926$120,855$48,8313$49,432$93,184$57,138
2020$739,075$72,966$110,637$51,7773—$54,106$49,870
2019$776,746$103,795$133,661$54,0003—$64,134$53,225

Under IRS private-foundation payout rules, Karen L Bean Irrv Private Foundation reported a distributable amount of $48K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Karen L Bean Irrv Private Foundation is led by Karen L. Bean, Trustee on every filing since 2019 — the only officer listed, and compensated.

Officers on the 2025 filing

  • Karen L. Bean

    Trustee

    On filings since 2019

    20 hrs/week

    $40K (2019) → $40K (2025)

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Karen L Bean — Trustee: $40KKaren L BeanTrustee$40K

The highest reported compensation on the 2025 filing was $40K, to Karen L Bean (Trustee).

Frequently asked questions about Karen L Bean Irrv Private Foundation

How much does Karen L Bean Irrv Private Foundation give each year?

Karen L Bean Irrv Private Foundation gave $47K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $46K across 3 grants.

What is Karen L Bean Irrv Private Foundation's typical grant size?

Karen L Bean Irrv Private Foundation's median grant in 2025 was $15,783, and its average grant was $15,783, across 3 grants on its 2025 IRS Form 990-PF.

Where does Karen L Bean Irrv Private Foundation give grants?

Karen L Bean Irrv Private Foundation's top state is Tennessee, with 33% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Montana (33%) and Indiana (33%).

Does Karen L Bean Irrv Private Foundation give general operating support?

Not in 2025: none of the 3 grants with a stated purpose on Karen L Bean Irrv Private Foundation's 2025 IRS Form 990-PF were described as general or operating support.

How large is Karen L Bean Irrv Private Foundation?

Karen L Bean Irrv Private Foundation reported $685K in total assets on its 2025 IRS Form 990-PF. It paid out $47K in qualifying distributions that year, against a required minimum of $48K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is Karen L Bean Irrv Private Foundation's EIN?

Karen L Bean Irrv Private Foundation's EIN (Employer Identification Number) is 32-6007838. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(7)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS July 10, 2020)
  2. Updated Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
  3. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
  4. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 13, 2022)
  5. Updated Form 990-PF for fiscal year 2022 (received by the IRS August 16, 2023)
  6. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 7, 2024)
  7. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Karen L Bean Irrv Private Foundation'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.

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