Raymond & Mary D Barnett Foundation

Private foundation · Grantmaker Milton, KY EIN: 61-1371025

Raymond & Mary D Barnett Foundation is a private foundation, based in Milton, KY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $509K in total assets. In 2025, it awarded 9 grants totaling $32K. Net investment income was $19K.

Raymond & Mary D Barnett Foundation at a glance

In short: Raymond & Mary D Barnett Foundation gave $32K across 9 grants in 2025 (avg $4K), mostly in Kentucky. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$32,000
+3.2% vs 2024
Grants made (2025)
9
-18.2% vs 2024
Average grant
$3,556
+26.2% vs 2024
Median grant
$2,000
Total assets
$508,792
-2.1% vs 2024
Primary geography
Kentucky (100% of itemized 2025 grant dollars)
Latest 990 filing
Form 990-PF, 2025 View filing

Data from IRS Form 990-PF, 2025; updated September 2026.

Who Raymond & Mary D Barnett Foundation funds

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2025

Jefferson Community & Technical College: $7KJefferson Community &Technical College$7KEastern Kentucky University: $6KEastern Kentucky University$6KNorthern Kentucky University: $6KNorthern Kentucky University$6KUniversity of Kentucky: $4KUniversity of Kentucky$4KMidway University: $2KMidway University$2KMorehead State University: $2KMorehead State University$2KMurray State University: $2KMurray State University$2KWestern Kentucky University: $2KWestern Kentucky University$2KKentucky Community & Technical College System: $1KKentucky Community & TechnicalCollege System$1K

The largest 2025 recipient was Jefferson Community & Technical College ($7K). Together the top 9 received $32K.

Grant Size Distribution

46 grants across all recorded years

46<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 46 grants of 46 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2025 grant dollars across all 9 itemized grants.

Cities

LouisvilleLexingtonRichmondHighland HeightsMoreheadBowling GreenMidwayCampbellsburgCampbellsvilleHendersonSellersburgTroyTuscaloosaCarrolltonCovingtonDanvilleFlemingsburgJeffersonvilleMadisonMurray

How Raymond & Mary D Barnett Foundation gives

  • Giving held roughly steady from 2022 to 2025 (+2%). Method
  • In 2025 it paid out 117% of 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

$0$10K$20K$30K$40K11 grants2019 11 grants2020 9 grants2021 7 grants2022 10 grants2023 11 grants2024 9 grants2025

From 2019 to 2025, annual grant giving ranged from $30K (2021) to $38K (2023). In 2025 it made 9 grants totaling $32K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Jefferson Community & Technical College Louisville, KYScholarships$7,000
Eastern Kentucky University Richmond, KYScholarships$6,000
Northern Kentucky University Highland Heights, KYScholarships$6,000
University of Kentucky Lexington, KYScholarships$4,000
Midway University Midway, KYScholarships$2,000
Morehead State University Morehead, KYScholarships$2,000
Murray State University Murray, KYScholarships$2,000
Western Kentucky University Bowling Green, KYScholarships$2,000
Kentucky Community & Technical College System Versailles, KYScholarships$1,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$508,792$19,463$33,383$32,0009$33,351$19,463$28,614
2024$519,712$3,242$32,100$31,00011$32,100$3,242$28,149
2023$547,132$3,410$39,141$38,00010$39,141$3,410$29,144
2022$581,863$3,549$32,450$31,4007$32,450$3,549$29,358
2021$610,764$3,689$31,204$30,0009$31,025$3,689$35,965
2020$640,863$14,885$39,191$38,00011—$9,992$31,648
2019$660,169$11,852$37,960$36,00011—$10,382$32,795

Under IRS private-foundation payout rules, Raymond & Mary D Barnett Foundation reported a distributable amount of $29K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Raymond & Mary D Barnett Foundation is led by Zane Peyton, President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Zane Peyton

    President

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Tracy Carpenter

    Director

    On filings since 2024

    2 hrs/week

    No compensation reported

  • Neil S. Bryan

    Secretary & Treasurer

    On filings since 2019

    3 hrs/week

    No compensation reported

Former officers (1)
  • Former: Carl Rucker (2019–2023) — Director

Data from IRS Form 990 filings, 2019–2025. "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 Raymond & Mary D Barnett Foundation

How much does Raymond & Mary D Barnett Foundation give each year?

Raymond & Mary D Barnett Foundation gave $32K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $31K across 11 grants.

What is Raymond & Mary D Barnett Foundation's typical grant size?

Raymond & Mary D Barnett Foundation's median grant in 2025 was $2,000, and its average grant was $3,556, across 9 grants on its 2025 IRS Form 990-PF.

Where does Raymond & Mary D Barnett Foundation give grants?

Raymond & Mary D Barnett Foundation gives mostly in Kentucky: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.

Does Raymond & Mary D Barnett Foundation give general operating support?

Not in 2025: none of the 9 grants with a stated purpose on Raymond & Mary D Barnett Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (9 grants).

Who are Raymond & Mary D Barnett Foundation's largest grantees?

Raymond & Mary D Barnett Foundation's largest 2025 grantees include Jefferson Community & Technical College ($7,000), Eastern Kentucky University ($6,000) and Northern Kentucky University ($6,000), according to its 2025 IRS Form 990-PF. Together they received 59% of its itemized 2025 grant dollars.

How large is Raymond & Mary D Barnett Foundation?

Raymond & Mary D Barnett Foundation reported $509K in total assets on its 2025 IRS Form 990-PF. It paid out $33K in qualifying distributions that year, against a required minimum of $29K (roughly 5% of its investment assets).

What is Raymond & Mary D Barnett Foundation's EIN?

Raymond & Mary D Barnett Foundation's EIN (Employer Identification Number) is 61-1371025. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(3)

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS May 15, 2020)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
  3. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Raymond & Mary D Barnett Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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