Larry & Janett Crain Charitable

LITTLE ROCK, AR EIN: 81-0856599

Larry & Janett Crain Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.4M

-25.0% YoY

Annual Giving

$27K

-93.4% YoY

Grant Count

-50.0% YoY

Avg Grant Size

$14K

-86.8% YoY

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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Arkansas $1.1M (100%)

States

Arkansas

Cities

ConwayGreenwoodLittle RockSearcuSearcy

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,382,393	$5,841,263	$6,092,553
Revenue	$125,116	$193,366	$239,106
Expenses	$144,180	$430,593	$277,549
Qualifying Distributions	$57,433	$410,636	$265,000
Net Investment Income	$111,048	$195,162	$147,604
Distributable Amount	$209,392	$298,593	$298,966

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

31 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Arkansas Baptist Children and Family Ministries ($15,000), K-life Ministries ($12,000).

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

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CHRISTIAN CRAIN	VICE CHAIRMAN	1	$12,000
CHARLES SKIP DAVIDSON	CHAIRMAN	1	—
CARRINGTON PROPES	TRUSTEE	1	$12,000
TERRY PARROTT	TRUSTEE	1	$12,000
STUART DALRYMPLE	TRUSTEE	1	$12,000
DAREK BRAUNECKER	TRUSTEE	1	$10,000
STEAVE MILLER	TRUSTEE	1	—
JIM HOYT	TRUSTEE	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Larry & Janett Crain Charitable?

Larry & Janett Crain Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LITTLE ROCK, AR. It holds $4.4M in total assets as of 2024.

How large is Larry & Janett Crain Charitable?

As of 2024, Larry & Janett Crain Charitable holds $4.4M in total assets with $125K in annual revenue. It awarded 2 grants totaling $27K in 2024.

Where does Larry & Janett Crain Charitable operate?

Larry & Janett Crain Charitable has awarded grants in Arkansas.

What size grants does Larry & Janett Crain Charitable award?

In 2024, Larry & Janett Crain Charitable awarded 2 grants totaling $27K — an average of about $14K per grant, based on its IRS Form 990 filings.

How much is Larry & Janett Crain Charitable required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Larry & Janett Crain Charitable reported a distributable amount of $209K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.