The Adams Foundation
The Adams Foundation is a private foundation, based in Edmond, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $151K in total assets. In 2024, it awarded 8 grants totaling $44K. Net investment income was $9K.
The Adams Foundation at a glance
In short: The Adams Foundation gave $44K across 8 grants in 2024 (avg $5K), top state North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $43,721
- +15.4% vs 2023
- Grants made (2024)
- 8
- +0.0% vs 2023
- Average grant
- $5,465
- +15.4% vs 2023
- Median grant
- $4,368
- Total assets
- $151,164
- -19.1% vs 2023
- Primary geography
- North Carolina (46% 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 The Adams Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Bridge to Recovery ($20K). Together the top 8 received $44K.
Grant Size Distribution
40 grants across all recorded years
The most common grant size was under $50K: 39 grants of 40 (98%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How The Adams Foundation gives
- Giving held roughly steady from 2021 to 2024 (−2%). Method
- In 2024 it paid out 530% 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
From 2020 to 2024, annual grant giving ranged from $22K (2022) to $93K (2020). In 2024 it made 8 grants totaling $44K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bridge to Recovery Monroe, NC | General Support | $19,900 |
| Trails to Triumph Edmond, OK | General Support | $7,061 |
| Camden Military Academy Camden, SC | General Support | $6,850 |
| Thrive Christian Oklahoma City, OK | General Support | $6,000 |
| Oklahoma Hall of Fame Oklahoma City, OK | General Support | $2,735 |
| Green Shoe Foundation Guthrie, OK | General Support | $475 |
| Oklahoma Sports Hall of Fame Oklahoma City, OK | General Support | $450 |
| Oklahoma Baptist University Shawnee, OK | General Support | $250 |
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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 | $151,164 | $9,386 | $45,171 | $43,721 | 8 | $43,721 | $9,236 | $8,243 |
| 2023 | $186,799 | $8,246 | $39,300 | $37,875 | 8 | $37,875 | $8,102 | $9,799 |
| 2022 | $218,728 | $5,125 | $23,900 | $21,850 | 5 | $21,850 | — | $11,190 |
| 2021 | $237,503 | $442 | $44,885 | $44,735 | 8 | $44,735 | $292 | $12,682 |
| 2020 | $281,946 | $120,139 | $94,248 | $93,123 | 11 | — | — | $16,010 |
Under IRS private-foundation payout rules, The Adams Foundation reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Adams Foundation is led by Patrick L. Adams, Director on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Patrick L. Adams
Director
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 The Adams Foundation
How much does The Adams Foundation give each year?
The Adams Foundation gave $44K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $38K across 8 grants.
What is The Adams Foundation's typical grant size?
The Adams Foundation's median grant in 2024 was $4,368, and its average grant was $5,465, across 8 grants on its 2024 IRS Form 990-PF.
Where does The Adams Foundation give grants?
The Adams Foundation's top state is North Carolina, with 46% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Oklahoma (39%) and South Carolina (16%). The most frequent recipient cities were Oklahoma City, OK (3 grants).
Does The Adams Foundation give general operating support?
Yes: 100% of The Adams Foundation's 2024 grants with a stated purpose (8 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Adams Foundation's largest grantees?
The Adams Foundation's largest 2024 grantees include Bridge to Recovery ($19,900), Trails to Triumph ($7,061) and Camden Military Academy ($6,850), according to its 2024 IRS Form 990-PF. Together they received 77% of its itemized 2024 grant dollars.
How large is The Adams Foundation?
The Adams Foundation reported $151K in total assets on its 2024 IRS Form 990-PF. It paid out $44K in qualifying distributions that year, against a required minimum of $8K (roughly 5% of its investment assets).
What is The Adams Foundation's EIN?
The Adams Foundation's EIN (Employer Identification Number) is 73-1508582. 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
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