Olds Foundation Inc
Olds Foundation Inc is a private foundation based in Arkadelphia, Arkansas. In 2025, it reported 17 grants totaling $453,026, with awards supporting Arkansas recipients including schools, municipalities, a career consortium, and individuals pursuing undergraduate college study.
Olds Foundation Inc at a glance
In short: Olds Foundation Inc gave $453K across 17 grants in 2025 (avg $27K), mostly in Arkansas. 15% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $453,026
- +25.8% vs 2024
- Grants made (2025)
- 17
- +13.3% vs 2024
- Average grant
- $26,649
- +11.0% vs 2024
- Median grant
- $2,500
- Total assets
- $18,551,277
- -1.1% vs 2024
- New grantees (estimate)
- 15% first-time grantees (2 of 13, 2025; small sample)
- Primary geography
- Arkansas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Olds Foundation Inc
- How to Apply
-
The 2023 filing states that applicants should request a preprinted application to complete for an interview. It lists no restrictions on awards.
- Review Cycle
- The 2023 filing states that applications should be submitted at least two months before the start of college terms.
- Deadline
- The 2023 filing states that applications should be submitted at least two months before the start of college terms.
- Contact
Application contact: Greg Aud
Mailing address: Post Office Box 142, Arkadelphia, AR 71923
Phone: (870) 403-7823
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Olds Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Caddo Career Consortium ($150K). Together the top 10 received $452K.
Grant Size Distribution
73 grants across all recorded years
The most common grant size was under $50K: 60 grants of 73 (82%).
Geographic Focus
Where this funder awards grants
All grant dollars in 2025 went to recipients in Arkansas.
Grant Distribution by State
Share of 2025 grant dollars across all 17 itemized grants.
States
Cities
Is Olds Foundation Inc open to new grantees?
15%
first-time grantees, 2025
In 2025, 2 of 13 grantees (15%) were first-time recipients. With only 13 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $2K; repeat grants $41K. How we count
Medians: $2K first-time, $3K repeat.
- 77% of 2025 grantees were also funded in 2024. Method
- Giving grew 31% from 2022 to 2025. Method
- In 2025 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $274K (2020) to $453K (2025). In 2025 it made 17 grants totaling $453K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Caddo Career Consortium Amity, AR | FFA Phase 2 Project/Bathroom and Kitchen Facility | $150,000 |
| Scholarships to Individuals for Undergaduate College Study Russellville, AR | Unrestrictedunrestricted | $131,500 |
| City of Amity Amity, AR | Police Car | $64,510 |
| Kirby Public School #32 Kirby, AR | Gym Equipment/Project | $50,000 |
| CenterPoint School District Amity, AR | Backpack Program | $18,500 |
| Kirby Public School #32 Kirby, AR | Library Project | $12,000 |
| Kirby Public School #32 Kirby, AR | Backpack Program | $9,000 |
| City of Amity Amity, AR | Angel Tree | $5,000 |
| South Central Ar Log-a-Load Little Rock, AR | Unrestricted | $2,500 |
| Clark County Sheriff's Dept Arkadelphia, AR | U14 Tournament Grant | $2,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $18,551,277 | $585,411 | $783,330 | $453,026 | 17 | $548,749 | $387,133 | $627,115 |
| 2024 | $18,749,296 | $1,040,159 | $803,711 | $360,038 | 15 | $484,852 | $755,300 | $575,277 |
| 2023 | $18,512,897 | $1,393,173 | $698,742 | $374,690 | 16 | $465,388 | $1,253,049 | $467,302 |
| 2022 | $17,818,509 | $858,907 | $774,229 | $345,154 | 10 | $447,400 | $642,370 | $467,174 |
| 2021 | $17,733,860 | $3,144,764 | $581,027 | $280,782 | 15 | — | $2,953,161 | $426,234 |
| 2020 | $15,170,186 | $542,177 | $535,212 | $274,344 | 14 | — | $370,236 | $360,125 |
Under IRS private-foundation payout rules, Olds Foundation Inc reported a distributable amount of $627K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants included support for a career consortium facility, college scholarships, a police car, school gym equipment and library projects, and backpack programs.
Among its 2025 grantees, Arkansas Advocates for Children received $500. The organization describes its mission as advocating for data-driven public policy to improve child well-being in Arkansas, with a focus on economic security, education, health, early childhood, child welfare, juvenile justice, and racial equity.
Grantmaking
In 2025, the foundation made 17 grants totaling $453,026. Grant amounts ranged from $16 to $150,000, with a median of $2,500.
Notable 2025 grants included $150,000 to Caddo Career Consortium for its FFA Phase 2 project, including a bathroom and kitchen facility; $131,500 for undergraduate college scholarships; $64,510 to the City of Amity for a police car; $50,000 to Kirby Public School #32 for gym equipment and a project; and $18,500 to Centerpoint School District for a backpack program.
The foundation’s 2023 filing states that it does not restrict giving to preselected organizations. It describes an application process involving a preprinted application to complete for an interview, and states there are no restrictions on awards.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists GREGERY B AUD as trustee and manager, and MICHAEL E AUD, HARRY C ERWIN III, BLAKE WHITLEY, KENT THOMAS, GARRY B JOHNS, and CARRIE AUD as trustees.
Olds Foundation Inc's 2025 filing lists 7 officers; all 7 officers listed in 2025 are compensated.
Officers on the 2025 filing
Blake Whitley
Trustee
On filings since 2020
1 hr/week
$3K (2020) → $7K (2025)
Gregery B. Aud
Trustee & Manager
On filings since 2020
20 hrs/week
$90K (2020) → $105K (2025)
Harry C. Erwin III
Trustee
On filings since 2020
1 hr/week
$3K (2020) → $7K (2025)
Michael E. Aud
Trustee
On filings since 2020
1 hr/week
$41K (2020) → $46K (2025)
Garry B. Johns
Trustee
On filings since 2021
1 hr/week
$6K (2021) → $7K (2025)
Carrie Aud
Trustee
On filings since 2022
1 hr/week
$12K (2022) → $7K (2025)
Kent Thomas
Trustee
On filings since 2022
1 hr/week
$6K (2022) → $7K (2025)
Former officers (1)
- Former: Thomas K. Thomas (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $105K, to Gregery B AUD (Trustee and Manager). 7 officers or directors reported compensation on that filing.
Frequently asked questions about Olds Foundation Inc
How much does Olds Foundation Inc give each year?
Olds Foundation Inc gave $453K across 17 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $360K across 15 grants.
What is Olds Foundation Inc's typical grant size?
Olds Foundation Inc's median grant in 2025 was $2,500, and its average grant was $26,649, across 17 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Olds Foundation Inc that year got $2K on average.
Where does Olds Foundation Inc give grants?
Olds Foundation Inc gives mostly in Arkansas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Amity, AR (6 grants), Arkadelphia, AR (4 grants), Kirby, AR (3 grants) and Little Rock, AR (2 grants).
Does Olds Foundation Inc give general operating support?
Yes: 24% of Olds Foundation Inc's 2025 grants with a stated purpose (4 of 17) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Olds Foundation Inc's largest grantees?
Olds Foundation Inc's largest 2025 grantees include Caddo Career Consortium ($150,000), Scholarships to Individuals for Undergaduate College Study ($131,500) and City of Amity ($71,510 across 3 grants), according to its 2025 IRS Form 990-PF. Together they received 78% of its itemized 2025 grant dollars.
How large is Olds Foundation Inc?
Olds Foundation Inc reported $18.6M in total assets on its 2025 IRS Form 990-PF. It paid out $549K in qualifying distributions that year, against a required minimum of $627K (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.
What does Olds Foundation Inc fund?
No mission statement for the foundation is provided. Its 2025 grants included support for a career consortium facility, college scholarships, a police car, school gym equipment and library projects, and backpack programs. See mission & focus areas ↑
How do I apply for a grant from Olds Foundation Inc?
The 2023 filing states that applicants should request a preprinted application to complete for an interview. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Olds Foundation Inc's EIN?
Olds Foundation Inc's EIN (Employer Identification Number) is 71-0747091. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS January 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 23, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 5, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 6, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Olds Foundation Inc funds
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Cite this profile
Grantable. (2026). Olds Foundation Inc funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/olds-foundation-inc-morg_389111ac3f33416b9f2a2ca6838d259d
BibTeX
@misc{grantable_710747091_2026,
author = {{Grantable}},
title = {{Olds Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/olds-foundation-inc-morg_389111ac3f33416b9f2a2ca6838d259d},
note = {Accessed 2026-10-17. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Olds Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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