Olin & Muriel Prather Charitable
Olin & Muriel Prather Charitable is a private foundation, based in Abingdon, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $871K in total assets. In 2024, it awarded 20 grants totaling $40K. Net investment income was $37K.
Key facts about Olin & Muriel Prather Charitable
- EIN
- 38-3018982
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $40,000
- Grants made (2024)
- 20
- Average grant
- $2,000
- Median grant
- $1,000
- New grantees (estimate)
- 5% first-time grantees (1 of 20, 2024)
- Total assets
- $870,712
- Primary geography
- Michigan (30% 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 Olin & Muriel Prather Charitable funds
By grant dollars, the top recipient states for Olin & Muriel Prather Charitable's 20 itemized 2024 grants were Michigan (30%), Virginia (28%) and Kentucky (20%). The most frequent recipient cities were Kalamazoo, MI (4 grants), Prestonsburg, KY (2 grants), Abingdon, VA (2 grants) and Colorado Springs, CO (2 grants). None of its 20 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Contribution" (14 grants) and "Chairitable Contribution" (3 grants).
Is Olin & Muriel Prather Charitable open to new grantees?
5%
first-time grantees, 2024
In 2024, 1 of 20 grantees (5%) were first-time recipients. First grants averaged $3K; repeat grants $2K. How we count
Medians: $3K first-time, $1K repeat.
- 95% of 2024 grantees were also funded in 2023. Method
- Giving fell 60% from 2021 to 2024. Method
- In 2024 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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.
Next steps with Olin & Muriel Prather Charitable
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$871K
+4.3% YoY
Annual Giving
$40K
+0.0% YoY
Grant Count
20
-4.8% YoY
Avg Grant Size
$2K
+5.0% YoY
Under IRS private-foundation payout rules, Olin & Muriel Prather Charitable reported a distributable amount of $109K for 2024 — the minimum it must pay out in qualifying distributions.
About Olin & Muriel Prather Charitable
Based on IRS filings
Olin & Muriel Prather Charitable is a private foundation, based in Abingdon, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $871K in total assets. In 2024, it awarded 20 grants totaling $40K. Net investment income was $37K.
Ready to take the next step with Olin & Muriel Prather Charitable?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 20 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $870,712 | $834,845 | $740,700 |
| Revenue | $155,973 | $218,221 | $163,582 |
| Expenses | $117,974 | $124,076 | $191,337 |
| Qualifying Distributions | $102,036 | $106,786 | $173,341 |
| Net Investment Income | $36,890 | $139,185 | $22,800 |
| Distributable Amount | $109,418 | $89,265 | $88,152 |
Data update history
When this profile's IRS filing data changed on Grantable
- 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
115 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Peregrine-Huff Foundation ($8,000), Big Sandy College Ed Foundations ($4,000), Dewey Dam Dog & Cat Protection ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PEREGRINE-HUFF FOUNDATION Kalamazoo, MI | CHAIRITABLE CONTRIBUTION | $8,000 |
| BIG SANDY COLLEGE ED FOUNDATIONS Prestonsburg, KY | CHARITABLE CONTRIBUTION | $4,000 |
| DEWEY DAM DOG & CAT PROTECTION Prestonsburg, KY | CHARITABLE CONTRIBUTION | $4,000 |
| WILLIAM KING MUSEUM OF ART Abingdon, VA | CHAIRITABLE CONTRIBUTION | $4,000 |
| MORRISON SCHOOL Bristol, VA | CHARITABLE CONTRIBUTION | $3,500 |
| SYMPHONY OF THE MOUNTAINS Kingsport, TN | CHARITABLE CONTRIBUTION | $3,000 |
| HUMANE SOCIETY OF PAKERSBURG Parkersburg, WV | CHARITABLE CONTRIBUTION | $3,000 |
| BARTER THEATRE Abingdon, VA | CHARITABLE CONTRIBUTION | $2,000 |
| PATRICK HENRY COLLEGE Purcellville, VA | CHARITABLE CONTRIBUTION | $1,500 |
| WOMEN AT RISK INTERNATIONAL Wyoming, MI | CHAIRABLE CONTRIBUTION | $1,000 |
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 |
|---|---|---|---|
| Daniel J Moyle Jr | President | — | — |
| Thomas T Huff | Secretary | — | — |
| Thomas M Hicok | Treasurer | — | — |
| Bruce Prather | Director | — | — |
| James a Combs | Vice Preside | — | — |
Frequently Asked Questions
How large is Olin & Muriel Prather Charitable?
As of 2024, Olin & Muriel Prather Charitable holds $871K in total assets with $156K in annual revenue. It awarded 20 grants totaling $40K in 2024.
Where does Olin & Muriel Prather Charitable operate?
Olin & Muriel Prather Charitable has awarded grants in California, Colorado, Kentucky, Michigan, North Carolina, Tennessee, Virginia, West Virginia.
What size grants does Olin & Muriel Prather Charitable award?
In 2024, Olin & Muriel Prather Charitable awarded 20 grants totaling $40K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Olin & Muriel Prather Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Olin & Muriel Prather Charitable reported a distributable amount of $109K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Olin & Muriel Prather Charitable's EIN?
Olin & Muriel Prather Charitable's EIN (Employer Identification Number) is 38-3018982. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.