The Crain Foundation is a private foundation established in 1997 and based in Longview, Texas. Operating as a 501(c)(3) organization, it functions as an independent grantmaking foundation focused on philanthropic giving across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$32.2M
+2.0% YoY
Annual Giving
$2.7M
+49.1% YoY
Grant Count
145
+5.1% YoY
Avg Grant Size
$18K
+41.9% YoY
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Science and STEM education
- Arts and culture
- Human services
- Philanthropy and grantmaking
Grantmaking
Applications are accepted at any time. Grants are made only to tax-exempt organizations qualifying as 501(c)(3) organizations.
Grant Range
$5,000
Average Grant
$14,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in Texas, New Jersey, and Tennessee, which account for 91% of all grants. Grantmaking reaches organizations across 13 states, with concentration in Texas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $31.6M
- Total Revenues: $2.12M
- Total Expenses: $2.02M
- Total Liabilities: $115,000
Revenue Composition (2023):
- Investment income and dividends: $856,777
- Net gain from sale of non-inventory assets: $913,894
Historical Asset Growth: Assets have grown from $26.4M in 2011 to $32.2M in 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $32,203,724 | $31,579,417 | $31,474,804 |
| Revenue | $3,639,201 | $2,116,763 | $1,401,496 |
| Expenses | $3,031,346 | $2,021,655 | $2,397,839 |
| Qualifying Distributions | $2,664,848 | $1,787,319 | $2,013,262 |
| Net Investment Income | $3,338,204 | $2,082,516 | $1,078,053 |
| Distributable Amount | $2,295,409 | $2,120,641 | $2,134,971 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Ann Lacy Crain - Principal Officer
- Rogers L. Crain - President/Secretary/Director
- Kevin Gardner - Controller
- Jim Deborah - CFO
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JON OWENS | Controller | 1 | — |
| ROGERS L CRAIN | VP/DIRECTOR | 1 | — |
| B WALTER CRAIN III | VP/DIRECTOR | 1 | — |
| ANN LACY CRAIN II | VP/DIRECTOR | 1 | — |
| DARREN GROCE | VP & SECRETARY | 1 | — |
| JIM DEBORAH | VP & TREASURER | 1 | — |
Contact Information
Address: PO Box 2146, Longview, TX 75606-2146
Phone: 903-758-8276
EIN: 75-2698267
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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