Paul E Turner Foundation Inc
Paul E Turner Foundation Inc is a private foundation, 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 grant totaling $350. Net investment income was $14K.
Paul E Turner Foundation Inc at a glance
In short: Paul E Turner Foundation Inc gave $350 across 1 grant in 2024 (avg $350), mostly in Indiana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $350
- -96.6% vs 2023
- Grants made (2024)
- 1
- -50.0% vs 2023
- Average grant
- $350
- -93.2% vs 2023
- Median grant
- $350
- Total assets
- $445,430
- -3.6% vs 2023
- Primary geography
- Indiana (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Paul E Turner Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Gas City Park ($350).
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 10 grants of 11 (91%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Paul E Turner Foundation Inc gives
- Giving fell 99% from 2021 to 2024. Method
- In 2024 it paid out 12% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $350 (2024) to $51K (2021). In 2024 it made 1 grant totaling $350.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Gas City Park Gas City, IN | Development of Public Park | $350 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $445,430 | $17,914 | $34,438 | $350 | 1 | $1,908 | $13,734 | $16,095 |
| 2023 | $461,954 | $125,978 | $46,875 | $10,300 | 2 | $11,709 | $23,924 | $15,724 |
| 2022 | $382,851 | $8,800 | $3,968 | $450 | 2 | $1,623 | $3,800 | $15,364 |
| 2021 | $378,019 | $10,039 | $63,146 | $51,118 | 3 | $56,173 | $39 | $18,487 |
| 2020 | $431,126 | $835 | $1,652 | $650 | 3 | — | $835 | $21,274 |
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.
Leadership & Key People
Officers and directors from IRS filings
Paul E Turner Foundation Inc is led by P. Eric Turner, Chairman on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
P. Eric Turner
Chairman
On filings since 2020
10 hrs/week
No compensation reported
Kyle D. Turner
Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Paul E Turner Foundation Inc
How much does Paul E Turner Foundation Inc give each year?
Paul E Turner Foundation Inc gave $350 across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10K across 2 grants.
How large is Paul E Turner Foundation Inc?
Paul E Turner Foundation Inc reported $445K in total assets on its 2024 IRS Form 990-PF. It paid out $2K in qualifying distributions that year, against a required minimum of $16K (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.
Where does Paul E Turner Foundation Inc operate?
Paul E Turner Foundation Inc has awarded grants in Alabama, Indiana.
What is Paul E Turner Foundation Inc's EIN?
Paul E Turner Foundation Inc's EIN (Employer Identification Number) is 35-1970386. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Paul E Turner Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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