Payne & Mencias Foundation
Payne & Mencias Foundation is a private foundation, based in Indianapolis, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $38K in total assets. Net investment income was $16K.
Payne & Mencias Foundation at a glance
- Total assets
- $38,372
- +691.0% vs 2023
- Revenue (2024)
- $54,915
- +165.1% vs 2023
- Net investment income (2024)
- $15,791
- -23.5% vs 2023
- Expenses (2024)
- $2,897
- -88.9% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Payne & Mencias Foundation funds
How this funder distributes its grants
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Payne & Mencias Foundation gives
- Giving fell 26% from 2020 to 2023. Method
- In 2022 it paid out well above its IRS minimum distribution (the 5% rule). 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 2023, annual grant giving ranged from $25K (2021) to $35K (2020). In 2023 it made 2 grants totaling $26K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 grant to individuals Recipients not named | — | $25,000 |
| Make a Wish Foundation Indianapolis, IN | Support Org's Charitable Mission | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $38,372 | $54,915 | $2,897 | — | — | — | $15,791 | $601 |
| 2023 | $4,851 | $20,715 | $26,078 | $26,000 | 2 | $26,000 | $20,650 | — |
| 2022 | $1,328 | $31,966 | $27,867 | $25,000 | 1 | $25,000 | $8,854 | $257 |
| 2021 | $9,265 | $16,302 | $25,065 | $25,000 | 1 | $25,000 | $16,237 | — |
| 2020 | $4,167 | $24,008 | $36,302 | $35,050 | 2 | — | — | $570 |
Under IRS private-foundation payout rules, Payne & Mencias Foundation reported a distributable amount of $601 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Payne & Mencias Foundation is led by Eric S. Payne, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Eric S. Payne
President
On filings since 2020
No compensation reported
Ronald G. Mencias
Vice President
On filings since 2020
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 Payne & Mencias Foundation
How large is Payne & Mencias Foundation?
Payne & Mencias Foundation reported $38K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $55K.
Where does Payne & Mencias Foundation operate?
Payne & Mencias Foundation has awarded grants in Indiana.
How much is Payne & Mencias Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Payne & Mencias Foundation reported a distributable amount of $601 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Payne & Mencias Foundation's EIN?
Payne & Mencias Foundation's EIN (Employer Identification Number) is 46-5189932. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 3, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Payne & Mencias Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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