Providence Initiatives Foundation

Foundation · Grantmaker Reddick, FL EIN: 85-2664360

Providence Initiatives Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Reddick, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2 in total assets. In 2024, it awarded 1 grant totaling $1.5M. Net investment income was $1.

Key facts about Providence Initiatives Foundation

EIN: 85-2664360
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $1,478,584
Grants made (2024): 1
Average grant: $1,478,584
Median grant: $1,478,584
Total assets: $2
Primary geography: Florida (100% of itemized 2024 grant dollars)

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

How Providence Initiatives Foundation gives

Giving fell 30% from 2021 to 2024. Method
In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

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

Next steps with Providence Initiatives Foundation

How to evaluate Providence Initiatives Foundation as a funder
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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

-100.0% YoY

Annual Giving

$1.5M

-16.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$1.5M

-16.5% YoY

Under IRS private-foundation payout rules, Providence Initiatives Foundation reported a distributable amount of $110 for 2024 — the minimum it must pay out in qualifying distributions.

About Providence Initiatives Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $1.5M (100%)

Share of all 1 itemized 2024 grant dollars.

States

Florida Ohio

Cities

ReddickFairbornGainsville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2	$28,978	—
Revenue	$1,449,669	$1,799,920	$2,274,791
Expenses	$1,478,645	$1,770,942	$4,296,139
Qualifying Distributions	$1,478,584	$1,770,881	$4,218,934
Net Investment Income	$1	$6	$522,587
Distributable Amount	$110	$470	$48,448

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 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 1 recipients in 2024

Grant Size Distribution

7 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Neurodegenerative Disease Research ($1,478,584).

Recipient	Purpose	Amount
NEURODEGENERATIVE DISEASE RESEARCH Reddick, FL	MEDICAL RESEARCH	$1,478,584

Leadership & Key People

Officers and directors from IRS filings

Providence Initiatives Foundation is led by Richard Hollis Helms, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.

Officers on the 2024 filing

Richard Hollis Helms

President

On filings since 2020

1 hr/week

No compensation reported
Alexander Helms

Treasurer

On filings since 2020

0.5 hrs/week

No compensation reported
Lindsay R. Helms

Secretary

On filings since 2020

0.5 hrs/week

No compensation reported
Teresa R. Helms

Vice President

On filings since 2020

0.5 hrs/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.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Providence Initiatives Foundation?

Providence Initiatives Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Reddick, FL. It holds $2 in total assets as of 2024.

How large is Providence Initiatives Foundation?

As of 2024, Providence Initiatives Foundation holds $2 in total assets with $1.4M in annual revenue. It awarded 1 grant totaling $1.5M in 2024.

Where does Providence Initiatives Foundation operate?

Providence Initiatives Foundation has awarded grants in Florida, Ohio.

What size grants does Providence Initiatives Foundation award?

In 2024, Providence Initiatives Foundation awarded 1 grant totaling $1.5M — an average of about $1.5M per grant, based on its IRS Form 990 filings.

How much is Providence Initiatives Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Providence Initiatives Foundation reported a distributable amount of $110 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Providence Initiatives Foundation's EIN?

Providence Initiatives Foundation's EIN (Employer Identification Number) is 85-2664360. IRS Form 990 filing data is available on this page for 2020–2024.