Paul E Turner Foundation Inc

Foundation · Grantmaker GAS CITY, IN EIN: 35-1970386

Paul E Turner Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GAS CITY, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $445K in total assets. In 2024, it awarded 1 grants totaling $350. Net investment income was $14K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$445K

-3.6% YoY

Annual Giving

$350

-96.6% YoY

Grant Count

-50.0% YoY

Avg Grant Size

$350

-93.2% YoY

Under IRS private-foundation payout rules, Paul E Turner Foundation Inc reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.

About Paul E Turner Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $62K (98%)

Alabama $1K (2%)

States

Alabama Indiana

Cities

BirminghamGas CityMarion

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$445,430	$461,954	$382,851
Revenue	$17,914	$125,978	$8,800
Expenses	$34,438	$46,875	$3,968
Qualifying Distributions	$1,908	$11,709	$1,623
Net Investment Income	$13,734	$23,924	$3,800
Distributable Amount	$16,095	$15,724	$15,364

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

11 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Gas City Park ($350).

Recipient	Purpose	Amount
GAS CITY PARK GAS CITY, IN	DEVELOPMENT OF PUBLIC PARK	$350

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
P ERIC TURNER	CHAIRMAN	10	—
KYLE D TURNER	SECRETARY	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Paul E Turner Foundation Inc?

Paul E Turner Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GAS CITY, IN. It holds $445K in total assets as of 2024.

How large is Paul E Turner Foundation Inc?

As of 2024, Paul E Turner Foundation Inc holds $445K in total assets with $18K in annual revenue. It awarded 1 grants totaling $350 in 2024.

Where does Paul E Turner Foundation Inc operate?

Paul E Turner Foundation Inc has awarded grants in Alabama, Indiana.

What size grants does Paul E Turner Foundation Inc award?

In 2024, Paul E Turner Foundation Inc awarded 1 grants totaling $350 — an average of about $350 per grant, based on its IRS Form 990 filings.

How much is Paul E Turner Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Paul E Turner Foundation Inc reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.