Otha H Grimes Foundation

Foundation · Grantmaker Tulsa, OK EIN: 73-1293858

Otha H Grimes Foundation is a private foundation, based in Tulsa, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.8M in total assets. In 2024, it awarded 4 grants totaling $1.3M. Net investment income was $2.9M.

Key facts about Otha H Grimes Foundation

EIN: 73-1293858
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $1,300,000
Grants made (2024): 4
Average grant: $325,000
Median grant: $325,000
Total assets: $5,795,482
Primary geography: Oklahoma (75% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated April 2026.

Who Otha H Grimes Foundation funds

By grant dollars, the top recipient states for Otha H Grimes Foundation's 4 itemized 2024 grants were Oklahoma (75%) and Arkansas (25%). The most frequent recipient cities were Stillwater, OK (2 grants). None of its 4 grants with a stated purpose were described as general or operating support. Recurring purposes include "To Provide Scholarships to Students" (4 grants).

How Otha H Grimes Foundation gives

Giving grew 91% from 2021 to 2024. Method
In 2024 it paid out 127% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Otha H Grimes Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.8M

+36.4% YoY

Annual Giving

$1.3M

+62.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$325K

+62.5% YoY

Under IRS private-foundation payout rules, Otha H Grimes Foundation reported a distributable amount of $1.0M for 2024 — the minimum it must pay out in qualifying distributions.

About Otha H Grimes Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Oklahoma $975K (75%)

Arkansas $325K (25%)

Share of all 4 itemized 2024 grant dollars.

States

Arkansas Oklahoma

Cities

StillwaterClarksvilleWilburton

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$5,795,482	$4,249,696	$4,156,386
Revenue	$2,959,292	$977,538	$831,641
Expenses	$1,413,506	$883,828	$832,554
Qualifying Distributions	$1,308,269	$807,654	$792,344
Net Investment Income	$2,868,375	$915,136	$797,169
Distributable Amount	$1,029,659	$914,300	$850,466

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 4 recipients in 2024

Grant Size Distribution

20 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Eastern Oklahoma State College ($325,000), Oklahoma Career Tech Foundation ($325,000), Oklahoma State University Foundation ($325,000).

Recipient	Purpose	Amount
EASTERN OKLAHOMA STATE COLLEGE Wilburton, OK	TO PROVIDE SCHOLARSHIPS TO STUDENTS	$325,000
OKLAHOMA CAREER TECH FOUNDATION Stillwater, OK	TO PROVIDE SCHOLARSHIPS TO STUDENTS	$325,000
OKLAHOMA STATE UNIVERSITY FOUNDATION Stillwater, OK	TO PROVIDE SCHOLARSHIPS TO STUDENTS	$325,000
UNIVERSITY OF THE OZARKS Clarksville, AR	TO PROVIDE SCHOLARSHIPS TO STUDENTS	$325,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Frank Henke III	Trustee	1	$6,000
Allyson Brooke Hawley	Trustee	1	$2,000
Michael D Hall	Trustee	1	$2,000

Frequently Asked Questions

How large is Otha H Grimes Foundation?

As of 2024, Otha H Grimes Foundation holds $5.8M in total assets with $3.0M in annual revenue. It awarded 4 grants totaling $1.3M in 2024.

Where does Otha H Grimes Foundation operate?

Otha H Grimes Foundation has awarded grants in Arkansas, Oklahoma.

What size grants does Otha H Grimes Foundation award?

In 2024, Otha H Grimes Foundation awarded 4 grants totaling $1.3M — an average of about $325K per grant, based on its IRS Form 990 filings.

How much is Otha H Grimes Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Otha H Grimes Foundation reported a distributable amount of $1.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.