Kincaid Foundation
Kincaid Foundation is a private foundation based in Lexington, Kentucky. Its 2025 filing reports grants to individual recipients for need-based college scholarships; its 2024 filing describes eligibility for graduates of Fayette County high schools enrolling in four-year college degree programs.
Kincaid Foundation at a glance
In short: Kincaid Foundation gave $89K across 18 grants in 2025 (avg $5K), mostly in Kentucky. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $88,819
- +7.7% vs 2024
- Grants made (2025)
- 18
- -5.3% vs 2024
- Average grant
- $4,934
- +13.6% vs 2024
- Median grant
- $6,000
- Total assets
- $1,233,322
- +8.4% vs 2024
- Primary geography
- Kentucky (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Kincaid Foundation
- How to Apply
-
The 2024 filing says a copy of the scholarship application is available upon request. Applicants must be graduates of Fayette County high schools enrolling in a four-year college degree program. The filing lists Diann May at Central Bank Trust Co. as the contact for the application.
- Review Cycle
- Applications are due by April 1 each year. The April 1, 2026 deadline has passed.
- Deadline
- Applications are due by April 1 each year.
- Contact
Application contact: Diann May Central Bank Trust Co
Mailing address: 300 W Vine Street, Lexington, KY 40507
Phone: (859) 253-6143
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Kincaid Foundation funds
How this funder distributes its grants
Grant Size Distribution
83 grants across all recorded years
The most common grant size was under $50K: 83 grants of 83 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Kentucky. The scholarship eligibility criteria stated on the 2024 filing specify graduates of Fayette County high schools.
Grant Distribution by State
Share of 2025 grant dollars across all 18 itemized grants.
States
Cities
How Kincaid Foundation gives
- Giving grew 56% from 2022 to 2025. Method
- In 2025 it paid out 143% of its IRS minimum distribution (the 5% rule). 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
From 2020 to 2025, annual grant giving ranged from $53K (2021) to $89K (2025). In 2025 it made 18 grants totaling $89K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 18 individual scholarships Recipients not named | — | $88,819 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,233,322 | $194,655 | $98,712 | $88,819 | 18 | $90,314 | $137,069 | $63,220 |
| 2024 | $1,137,296 | $112,240 | $90,924 | $82,500 | 19 | $83,933 | $55,246 | $61,401 |
| 2023 | $1,118,900 | $41,784 | $73,408 | $67,500 | 17 | $69,061 | $22,999 | $57,984 |
| 2022 | $1,150,039 | $49,996 | $61,544 | $57,000 | 14 | $58,925 | $20,424 | $52,262 |
| 2021 | $1,161,114 | $148,202 | $59,676 | $52,500 | 15 | $54,520 | $96,335 | $57,652 |
| 2020 | $1,072,305 | $203,922 | $58,991 | $53,500 | 15 | — | $152,075 | $48,220 |
Under IRS private-foundation payout rules, Kincaid Foundation reported a distributable amount of $63K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Grantmaking
In 2025, the foundation reported 18 grants totaling $88,819. Grant amounts ranged from $3,000 to $9,000, with a median of $6,000. The listed 2025 grants were to individual recipients for college scholarships based on need.
The foundation’s 2024 filing says it does not restrict giving to preselected organizations. It describes scholarship awards as based first on need and second on scholastic ability. Recipients receive checks at the beginning of each of the two semesters each year while enrolled, provided their previous-semester transcript shows they are passing their courses. Each recipient receives the same amount per semester.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Joan D. Kincaid as president-director, Michael D. Foley as secretary-treasurer-director, and Barry Hickey as director. Garvice D. Kincaid is listed as founder and deceased.
Kincaid Foundation is led by Joan D. Kincaid, President-Director on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Joan D. Kincaid
President-Director
On filings since 2020
1 hr/week
No compensation reported
Barry Hickey
Director
On filings since 2020
1 hr/week
No compensation reported
Michael D. Foley
Secretary & Treas-Director
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Garvice D. Kincaid (2020–2025) — Founder · Filing note: Deceased
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Kincaid Foundation
How much does Kincaid Foundation give each year?
Kincaid Foundation gave $89K across 18 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $83K across 19 grants.
What is Kincaid Foundation's typical grant size?
Kincaid Foundation's median grant in 2025 was $6,000, and its average grant was $4,934, across 18 grants on its 2025 IRS Form 990-PF.
Where does Kincaid Foundation give grants?
Kincaid Foundation gives mostly in Kentucky: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Kincaid Foundation give general operating support?
Not in 2025: none of the 18 grants with a stated purpose on Kincaid Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "College Scholarship Based on Need" (18 grants).
How large is Kincaid Foundation?
Kincaid Foundation reported $1.2M in total assets on its 2025 IRS Form 990-PF. It paid out $90K in qualifying distributions that year, against a required minimum of $63K (roughly 5% of its investment assets).
How do I apply for a grant from Kincaid Foundation?
The 2024 filing says a copy of the scholarship application is available upon request. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Kincaid Foundation's EIN?
Kincaid Foundation's EIN (Employer Identification Number) is 61-6033698. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- 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 March 24, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 17, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 17, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 18, 2026)
- IRS filings on file for fiscal years 2020–2025
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