Mahan Foundation Inc

Foundation · Grantmaker Lagrange, KY EIN: 31-1087614

Mahan Foundation Inc is a private foundation established in 1984 and based in La Grange, Kentucky. The foundation distributes funds to local charities and churches to support community activities and causes.

Key facts about Mahan Foundation Inc

EIN: 31-1087614
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $264,000
Grants made (2024): 34
Average grant: $7,765
Median grant: $4,000
New grantees (estimate): 32% first-time grantees (11 of 34, 2024)
Total assets: $5,317,198
Primary geography: Kentucky (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who Mahan Foundation Inc funds

By grant dollars, the top recipient states for Mahan Foundation Inc's 34 itemized 2024 grants were Kentucky (100%). The most frequent recipient cities were Louisville, KY (14 grants), La Grange, KY (9 grants), Goshen, KY (6 grants) and Buckner, KY (3 grants). None of its 34 grants with a stated purpose were described as general or operating support. Recurring purposes include "Assist with organizations cause" (34 grants).

Is Mahan Foundation Inc open to new grantees?

32%

first-time grantees, 2024

In 2024, 11 of 34 grantees (32%) were first-time recipients. First grants averaged $11K; repeat grants $6K. How we count

Medians: $4K first-time, $4K repeat.

65% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (+10%). Method
In 2024 it paid out 109% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.3M

+7.2% YoY

Annual Giving

$264K

+8.2% YoY

Grant Count

+3.0% YoY

Avg Grant Size

$8K

+5.0% YoY

Under IRS private-foundation payout rules, Mahan Foundation Inc reported a distributable amount of $245K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's giving primarily benefits children and the elderly. It focuses on distributing funds to local charities and churches for various community activities that benefit individuals in Jefferson and Oldham counties in Kentucky.

Grantmaking

Notable 2024 grants include:

Grant Range

s & Activity:**

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in Jefferson and Oldham counties in Kentucky, with a particular emphasis on the La Grange area.

Grant Distribution by State

Kentucky $264K (100%)

Share of all 34 itemized 2024 grant dollars.

States

Kentucky

Cities

LouisvilleLa GrangeGoshenBucknerCrestwoodProspect

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total assets: $5,317,198
Total revenues: $328,184
Total expenses: $266,786
Total giving: $264,000

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$5,317,198	$4,958,575	$5,198,529
Revenue	$328,184	$135,342	$286,429
Expenses	$266,786	$249,780	$270,949
Qualifying Distributions	$266,786	$249,780	$270,949
Net Investment Income	$328,184	$135,342	$286,429
Distributable Amount	$245,429	$234,053	$250,270

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

168 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Community Chest of Oldham Co ($55,000), Creasy Mahan Nature Preserve ($33,000), Hope Health Clinic ($22,000).

Recipient	Purpose	Amount
Community Chest of Oldham Co La Grange, KY	Assist with organizations cause	$55,000
Creasy Mahan Nature Preserve Goshen, KY	Assist with organizations cause	$33,000
Hope Health Clinic La Grange, KY	Assist with organizations cause	$22,000
Oldham County Community Scholarships Buckner, KY	Assist with organizations cause	$20,000
Oldham Co Historical Society La Grange, KY	Assist with organizations cause	$13,000
Cedar Lake Foundation Louisville, KY	Assist with organizations cause	$12,000
Hosparus Louisville, KY	Assist with organizations cause	$12,000
Shiloh United Methodist Church Goshen, KY	Assist with organizations cause	$7,000
Sojourn Church Goshen, KY	Assist with organizations cause	$7,000
St John Methodist Church Goshen, KY	Assist with organizations cause	$7,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
George R Simpson	President	—	—
Ann Gardner	Vice President	—	—
Timothy R Moore	Sec Treasurer	—	—

Contact Information

Address: PO Box 498, La Grange, KY 40031-0498
Telephone: 502-741-7646
EIN: 31-1087614

Frequently Asked Questions

What does Mahan Foundation Inc fund?

How do I apply for a grant from Mahan Foundation Inc?

**Grant Sizes & Activity:** • Typical grant awards range from $1,000 to $55,000 • Made 33 grants in 2024 • Total giving in 2024: $264,000 **Recent Grants:** Notable 2024 grants include: • Community Chest of Oldham County: $55,000 • Oldham County Historical Society: $13,000 • Hosparus Health: (amount listed in source)

Where does Mahan Foundation Inc make grants?

The foundation primarily funds organizations in Jefferson and Oldham counties in Kentucky, with a particular emphasis on the La Grange area.

What size grants does Mahan Foundation Inc award?

In 2024, Mahan Foundation Inc awarded 34 grants totaling $264K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is Mahan Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mahan Foundation Inc reported a distributable amount of $245K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.