The Cleo L Craig Foundation
The Cleo L Craig Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Shawnee, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.7M in total assets. In 2024, it awarded 18 grants totaling $156K. Net investment income was $579K.
Key facts about The Cleo L Craig Foundation
- EIN
- 73-1519557
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $155,500
- Grants made (2024)
- 18
- Average grant
- $8,639
- Median grant
- $1,000
- New grantees (estimate)
- 6% first-time grantees (1 of 18, 2024)
- Total assets
- $4,691,976
- Primary geography
- Oklahoma (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Cleo L Craig Foundation funds
By grant dollars, the top recipient states for The Cleo L Craig Foundation's 18 itemized 2024 grants were Oklahoma (100%). The most frequent recipient cities were Shawnee, OK (11 grants), Stillwater, OK (3 grants) and Oklahoma City, OK (3 grants). None of its 18 grants with a stated purpose were described as general or operating support. Recurring purposes include "Contribution" (17 grants).
Is The Cleo L Craig Foundation open to new grantees?
6%
first-time grantees, 2024
In 2024, 1 of 18 grantees (6%) were first-time recipients. First grants averaged $500; repeat grants $9K. How we count
Medians: $500 first-time, $1K repeat.
- 83% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−13%). Method
- In 2024 it paid out 87% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Cleo L Craig Foundation
- How to evaluate The Cleo L Craig Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.7M
+9.3% YoY
Annual Giving
$156K
-22.4% YoY
Grant Count
18
-25.0% YoY
Avg Grant Size
$9K
+3.5% YoY
Under IRS private-foundation payout rules, The Cleo L Craig Foundation reported a distributable amount of $214K for 2024 — the minimum it must pay out in qualifying distributions.
About The Cleo L Craig Foundation
Based on IRS filings
The Cleo L Craig Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Shawnee, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.7M in total assets. In 2024, it awarded 18 grants totaling $156K. Net investment income was $579K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 18 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,691,976 | $4,292,057 | $4,213,427 |
| Revenue | $593,707 | $323,789 | $1,476,676 |
| Expenses | $200,490 | $262,443 | $193,140 |
| Qualifying Distributions | $185,819 | $226,289 | $176,008 |
| Net Investment Income | $579,036 | $307,171 | $1,461,704 |
| Distributable Amount | $213,929 | $214,425 | $192,745 |
Data update history
When this profile's IRS filing data changed on Grantable
- 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 10 recipients in 2024
Grant Size Distribution
111 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Okla State Univ Foundation ($125,000), Salvation Army of Shawnee ($6,000), Shawnee YMCA ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Okla State Univ Foundation Stillwater, OK | Contribution / scholarships | $125,000 |
| Salvation Army of Shawnee Shawnee, OK | Contribution | $6,000 |
| Shawnee YMCA Shawnee, OK | Contribution | $5,000 |
| Community Market of Pottawatomie Co Shawnee, OK | Contribution | $5,000 |
| Mabee Gerrer Museum Shawnee, OK | Contribution | $3,000 |
| Junior Service League Shawnee, OK | Contribution | $1,500 |
| Pottawatomie County Historical Soce Shawnee, OK | Contribution | $1,000 |
| KOSU Stillwater, OK | Contribution | $1,000 |
| Saving Pets At Risk SPAR Shawnee, OK | Contribution | $1,000 |
| OETA Oklahoma City, OK | Contribution | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Cleo L Craig Jr | Chairman | 10 | — |
| Helen Craig | Trustee | 25 | $24,000 |
| April Craig Stobbe | Trustee | — | — |
| Bryant W Craig | Trustee | — | — |
| John C Stobbe | Trustee | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Cleo L Craig Foundation?
The Cleo L Craig Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Shawnee, OK. It holds $4.7M in total assets as of 2024.
How large is The Cleo L Craig Foundation?
As of 2024, The Cleo L Craig Foundation holds $4.7M in total assets with $594K in annual revenue. It awarded 18 grants totaling $156K in 2024.
Where does The Cleo L Craig Foundation operate?
The Cleo L Craig Foundation has awarded grants in Colorado, Oklahoma.
What size grants does The Cleo L Craig Foundation award?
In 2024, The Cleo L Craig Foundation awarded 18 grants totaling $156K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is The Cleo L Craig Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Cleo L Craig Foundation reported a distributable amount of $214K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Cleo L Craig Foundation's EIN?
The Cleo L Craig Foundation's EIN (Employer Identification Number) is 73-1519557. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.