Mary W Bowers Foundation

DALLAS, TX EIN: 54-6095877

Mary W Bowers Foundation is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $652K in total assets. In 2024, it awarded 1 grants totaling $25K. Net investment income was $59K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$652K

+4.3% YoY

Annual Giving

$25K

+38.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$25K

+38.9% YoY

Under IRS private-foundation payout rules, Mary W Bowers Foundation reported a distributable amount of $37K for 2024 — the minimum it must pay out in qualifying distributions.

About Mary W Bowers Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $128K (100%)

States

Virginia

Cities

Richmond

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$651,749	$624,787	$633,829
Revenue	$67,162	$22,135	$-19,898
Expenses	$39,549	$30,895	$45,700
Qualifying Distributions	$31,478	$23,826	$36,010
Net Investment Income	$58,672	$13,088	$5,636
Distributable Amount	$37,245	$33,771	$33,965

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Centenary United Methodist Church ($25,000).

Recipient	Purpose	Amount
CENTENARY UNITED METHODIST CHURCH RICHMOND, VA	UNRESTRICTED GENERAL	$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$10,142

Frequently Asked Questions

How large is Mary W Bowers Foundation?

As of 2024, Mary W Bowers Foundation holds $652K in total assets with $67K in annual revenue. It awarded 1 grants totaling $25K in 2024.

Where does Mary W Bowers Foundation operate?

Mary W Bowers Foundation has awarded grants in Virginia.

What size grants does Mary W Bowers Foundation award?

In 2024, Mary W Bowers Foundation awarded 1 grants totaling $25K — an average of about $25K per grant, based on its IRS Form 990 filings.

How much is Mary W Bowers Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mary W Bowers Foundation reported a distributable amount of $37K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.