Larry & Janett Crain Charitable
The Larry and Janett Crain Charitable Foundation is a private foundation located in Little Rock, AR, established in 2017. It primarily funds youth support, special needs children, medical research in cancer, primary and secondary education, as well as services for the homeless, domestic violence prevention, child advocacy, and housing initiatives. The foundation operates with zero full-time employees and made seven grants in 2024.
Larry & Janett Crain Charitable at a glance
In short: Larry & Janett Crain Charitable gave $27K across 2 grants in 2024 (avg $14K), mostly in Arkansas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $27,000
- -93.4% vs 2023
- Grants made (2024)
- 2
- -50.0% vs 2023
- Average grant
- $13,500
- -86.8% vs 2023
- Median grant
- $13,500
- Total assets
- $4,382,393
- -25.0% vs 2023
- Primary geography
- Arkansas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Larry & Janett Crain Charitable funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Arkansas Baptist Children and Family Ministries ($15K). Together the top 2 received $27K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 28 grants of 31 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Larry & Janett Crain Charitable gives
- Giving fell 92% from 2021 to 2024. Method
- In 2024 it paid out 27% 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
From 2020 to 2024, annual grant giving ranged from $27K (2024) to $411K (2023). In 2024 it made 2 grants totaling $27K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Arkansas Baptist Children and Family Ministries Little Rock, AR | Youth and Ministry Support | $15,000 |
| K-Life Ministries Searcy, AR | Youth Support | $12,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,382,393 | $125,116 | $144,180 | $27,000 | 2 | $57,433 | $111,048 | $209,392 |
| 2023 | $5,841,263 | $193,366 | $430,593 | $410,636 | 4 | $410,636 | $195,162 | $298,593 |
| 2022 | $6,092,553 | $239,106 | $277,549 | $265,000 | 7 | $265,000 | $147,604 | $298,966 |
| 2021 | $6,132,746 | $3,352,804 | $336,911 | $330,000 | 9 | $330,000 | $251,090 | $295,105 |
| 2020 | $3,090,380 | $1,084,440 | $100,649 | $100,000 | 9 | — | $96,980 | $106,040 |
Under IRS private-foundation payout rules, Larry & Janett Crain Charitable reported a distributable amount of $209K for 2024 — the minimum it must pay out in qualifying distributions.
About Larry & Janett Crain Charitable
Based on IRS filings
Larry & Janett Crain Charitable is a private foundation, based in Little Rock, AR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.4M in total assets. In 2024, it awarded 2 grants totaling $27K. Net investment income was $111K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Larry & Janett Crain Charitable is led by Charles Skip Davidson, Chairman on every filing since 2022; 5 of 8 officers listed in 2024 are compensated.
Officers on the 2024 filing
Charles Skip Davidson
Chairman
On filings since 2022
1 hr/week
No compensation reported
Carrington Crain Propes
Trustee
On filings since 2022
1 hr/week
$12K (2024)
Darek Braunecker
Trustee
On filings since 2022
1 hr/week
$10K (2024)
Stuart Dalrymple
Trustee
On filings since 2022
1 hr/week
$12K (2024)
Terry Parrott
Trustee
On filings since 2022
1 hr/week
$12K (2024)
Jim Hoyt
Trustee
On filings since 2022
1 hr/week
No compensation reported
Steave Miller
Trustee
On filings since 2022
1 hr/week
No compensation reported
Christian Crain
Vice Chairman
Trustee & Director → Vice Chairman, 2022
On filings since 2020
1 hr/week
$12K (2024)
Former officers (2)
- Former: Carrington Crain (2020–2021) — Trustee & Director
- Former: Larry P. Crain (2020–2021) — President
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $12K, to Christian Crain (Vice Chairman). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Larry & Janett Crain Charitable
How much does Larry & Janett Crain Charitable give each year?
Larry & Janett Crain Charitable gave $27K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $411K across 4 grants.
How large is Larry & Janett Crain Charitable?
Larry & Janett Crain Charitable reported $4.4M in total assets on its 2024 IRS Form 990-PF. It paid out $57K in qualifying distributions that year, against a required minimum of $209K (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.
Where does Larry & Janett Crain Charitable operate?
Larry & Janett Crain Charitable has awarded grants in Arkansas.
What is Larry & Janett Crain Charitable's EIN?
Larry & Janett Crain Charitable's EIN (Employer Identification Number) is 81-0856599. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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