Payne Carl F TW

Foundation · Grantmaker Brooklyn, OH EIN: 35-6014716

Payne Carl F TW is a private foundation, based in Brooklyn, OH. IRS filing data is available for 2021. As of 2021, the organization holds $367K in total assets. In 2021, it awarded 3 grants totaling $19K. Net investment income was $17K.

Key facts about Payne Carl F TW

In short: Payne Carl F TW gave $19K across 3 grants in 2021 (avg $6K), mostly in Indiana. Source: 2021 IRS Form 990-PF.

EIN: 35-6014716
Latest 990 filing: Form 990-PF, 2021
Annual giving (2021): $19,272
Grants made (2021): 3
Average grant: $6,424
Median grant: $1,606
Total assets: $367,334
Primary geography: Indiana (100% of itemized 2021 grant dollars)

Data from IRS Form 990-PF, 2021; updated September 2026.

Quick answers about Payne Carl F TW

How much does Payne Carl F TW give each year?

Payne Carl F TW gave $19K across 3 grants in 2021, according to its 2021 IRS Form 990-PF.

What is Payne Carl F TW's typical grant size?

Payne Carl F TW's median grant in 2021 was $1,606, and its average grant was $6,424, across 3 grants on its 2021 IRS Form 990-PF.

Where does Payne Carl F TW give grants?

Payne Carl F TW gives mostly in Indiana: 100% of the grant dollars itemized on its 2021 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Franklin, IN (3 grants).

Does Payne Carl F TW give general operating support?

Yes: 100% of Payne Carl F TW's 2021 grants with a stated purpose (3 of 3) were for general or operating support, per its 2021 IRS Form 990-PF.

How Payne Carl F TW gives

In 2021 it paid out 91% 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.

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Financial Overview

From 2021 IRS Form 990-PF · View filing

Total Assets

$367K

Annual Giving

$19K

Grant Count

Avg Grant Size

$6K

Under IRS private-foundation payout rules, Payne Carl F TW reported a distributable amount of $24K for 2021 — the minimum it must pay out in qualifying distributions.

About Payne Carl F TW

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $19K (100%)

Share of all 3 itemized 2021 grant dollars.

States

Indiana

Cities

Franklin

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2021
Total Assets	$367,334
Revenue	$23,299
Expenses	$27,490
Qualifying Distributions	$21,758
Net Investment Income	$17,485
Distributable Amount	$23,839

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal year 2021

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2021

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Recipient	Purpose	Amount
FRANKLIN COLLEGE Franklin, IN	GENERAL OPERATING	$16,060
GRACE UNITED METHODIST CHURCH INC Franklin, IN	GENERAL OPERATING	$1,606
JOHNSON COUNTY PUBLIC LIBRARY Franklin, IN	GENERAL OPERATING	$1,606

Leadership & Key People

Officers and directors from IRS filings

Payne Carl F TW is led by Keybank, Trustee on the 2021 filing — the only officer listed, and compensated.

Officers on the 2021 filing

Keybank

Trustee

New on the 2021 filing

1 hr/week

$8K (2021)

Data from IRS Form 990 filings, 2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2021 IRS filing

Frequently Asked Questions

How large is Payne Carl F TW?

As of 2021, Payne Carl F TW holds $367K in total assets with $23K in annual revenue. It awarded 3 grants totaling $19K in 2021.

How much is Payne Carl F TW required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2021, Payne Carl F TW reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.