Karen L Bean Irrv Private Foundation

INDIANAPOLIS, IN EIN: 32-6007838

Karen L Bean Irrv Private Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDIANAPOLIS, IN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $624K in total assets. In 2024, it awarded 3 grants totaling $46K. Net investment income was $93K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$624K

+1.1% YoY

Annual Giving

$46K

-9.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$15K

-9.1% YoY

Under IRS private-foundation payout rules, Karen L Bean Irrv Private Foundation reported a distributable amount of $47K for 2024 — the minimum it must pay out in qualifying distributions.

About Karen L Bean Irrv Private Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $86K (33%)

Montana $86K (33%)

Tennessee $86K (33%)

States

Indiana Montana Tennessee

Cities

Big SkyIndianapolisMemphis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$623,961	$617,452	$661,510
Revenue	$114,208	$83,796	$55,113
Expenses	$107,699	$127,854	$126,749
Qualifying Distributions	$46,350	$51,000	$60,000
Net Investment Income	$92,859	$66,666	$34,749
Distributable Amount	$47,480	$46,230	$54,454

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Duck's Unlimited ($15,450), Historic Crail Ranch Conservators ($15,450), Teacher's Treasures ($15,450).

Recipient	Purpose	Amount
DUCK'S UNLIMITED MEMPHIS, TN	INDIANA CONSERVATION PROJECTS	$15,450
HISTORIC CRAIL RANCH CONSERVATORS BIG SKY, MT	HISTORIC BEAVERSLIDE RESTORATION	$15,450
TEACHER'S TREASURES INDIANAPOLIS, IN	SCHOOL SUPPLIES	$15,450

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KAREN L BEAN	TRUSTEE	20	$40,000

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Karen L Bean Irrv Private Foundation?

Karen L Bean Irrv Private Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDIANAPOLIS, IN. It holds $624K in total assets as of 2024.

How large is Karen L Bean Irrv Private Foundation?

As of 2024, Karen L Bean Irrv Private Foundation holds $624K in total assets with $114K in annual revenue. It awarded 3 grants totaling $46K in 2024.

Where does Karen L Bean Irrv Private Foundation operate?

Karen L Bean Irrv Private Foundation has awarded grants in Indiana, Montana, Tennessee.

What size grants does Karen L Bean Irrv Private Foundation award?

In 2024, Karen L Bean Irrv Private Foundation awarded 3 grants totaling $46K — an average of about $15K per grant, based on its IRS Form 990 filings.

How much is Karen L Bean Irrv Private Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Karen L Bean Irrv Private Foundation reported a distributable amount of $47K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2019–2024.