Manhattan Fund - Caroline F Peine Charitable
The Manhattan Fund – Caroline F. Peine Charitable Foundation is a private foundation established in 2007 and based in Dallas, Texas. The foundation was created at the death of Caroline Peine in 2004 to continue her legacy of philanthropy in the Manhattan, Kansas area and surrounding communities.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$9.0M
+3.1% YoY
Annual Giving
$444K
+10.9% YoY
Grant Count
15
-11.8% YoY
Avg Grant Size
$30K
+25.7% YoY
Mission & Focus Areas
The foundation's mission is threefold:
- To improve the quality of life in the City of Manhattan, Kansas
- To benefit the Konza Prairie
- To provide for recreational development in the town of Keats, Kansas
The foundation considers funding projects from local organizations including the Konza Prairie, the Regional Crisis Center, the Sunset Zoo, the Special Olympics, and the UFM. Additional funding areas include:
- Arts (including theater)
- Energy assistance for low-income individuals and families
- Historic preservation
- Libraries
- Parks and recreation
- Services for the elderly and handicapped
- Subsidized child care that enables parents to be employed or educated
- Youth development
- Human services
- Housing and shelter
- Health initiatives
Grantmaking
Grant Range
s:** Typical awards range from $1,400 to $139,860, with a median grant size of $10,000.
Review Cycle
** Letters of Intent are due by April 1st for the Annual Spring Cycle and October 1st for the Annual Fall Cycle. The most recent deadline listed is October 1, 2025.
How to Apply
** The foundation accepts Letters of Intent from nonprofit organizations serving Manhattan, Kansas. Submissions must demonstrate intent to improve quality of life in Manhattan, benefit the Konza Prairie, or provide recreational development in Keats.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations and projects in:
- Manhattan, Kansas
- Keats, Kansas
- Konza Prairie area
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2025:
- Total Assets: $8,958,546
- Total Revenue: $844,964
- Total Expenses: $571,827
- Total Giving: $443,598
- Total Liabilities: $0
The foundation has one employee on staff.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $8,958,546 | $8,688,706 | $8,621,254 |
| Revenue | $844,964 | $308,968 | $-62,829 |
| Expenses | $571,827 | $503,576 | $566,454 |
| Qualifying Distributions | $499,649 | $451,140 | $500,738 |
| Net Investment Income | $780,078 | $255,365 | $147,505 |
| Distributable Amount | $529,881 | $491,424 | $456,208 |
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 2025
Grant Size Distribution
117 grants across all recorded years
Open Grants
1 open opportunity from Manhattan Fund - Caroline F Peine Charitable
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by Bank of America as trustee. The Grant Committee includes:
- Lucas Shivers
- Karen McCulloh
- Diana Chapel
- Kathy Dzewaltowski
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE | 1 | $68,786 |
| LUCAS SHIVERS - CO BANK OF AMERICA | GRANT COMMITTEE | 1 | — |
| KAREN MCCULLOH - CO BANK OF AMERIC | GRANT COMMITTEE | 1 | — |
| DIANA CHAPEL - CO BANK OF AMERICA | GRANT COMMITTEE | 1 | — |
| KATHY DZEWALTOWSKI - CO BOA | GRANT COMMITTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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