The Downey Family Foundation Inc

Private foundation · Grantmaker Monroe, GA EIN: 47-1805900

The Downey Family Foundation Inc is a private foundation, based in Monroe, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.9M in total assets. In 2024, it awarded 9 grants totaling $435K. Net investment income was $1.1M.

The Downey Family Foundation Inc at a glance

In short: The Downey Family Foundation Inc gave $435K across 9 grants in 2024 (avg $48K), mostly in Georgia. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$435,250
-6.2% vs 2023
Grants made (2024)
9
-25.0% vs 2023
Average grant
$48,361
+25.1% vs 2023
Median grant
$35,000
Total assets
$3,891,352
+21.1% vs 2023
Primary geography
Georgia (64% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

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

Who The Downey Family Foundation Inc funds

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Team up Mentoring: $105KTeam up Mentoring$105KTunnel to Towers Foundation: $100KTunnel to Towers Foundation$100KShriners Hospital (Shriners Temple): $50KShriners Hospital (ShrinersTemple)$50KGeorgia Sheriffs' Youth Homes Foundation Inc: $40KGeorgia Sheriffs' Youth HomesFoundation Inc$40KGrace Monroe at the Mill: $35KGrace Monroe at the Mill$35KCato Institute: $30KCato Institute$30KHomeaid Atlanta: $30KHomeaid Atlanta$30KSoldiers Angels: $25KSoldiers Angels$25KSpecial Olympics Georgia: $20KSpecial Olympics Georgia$20K

The largest 2024 recipient was Team up Mentoring ($105K). Together the top 9 received $435K.

Grant Size Distribution

44 grants across all recorded years

31<$50K4$50–100K7$100–250K2$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 31 grants of 44 (70%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2024 grant dollars across all 9 itemized grants.

Cities

MonroeAtlantaNorcrossCovingtonAthensDaculaMcDonoughSnellvilleSan AntonioStaten IslandWashington

How The Downey Family Foundation Inc gives

  • Giving fell 24% from 2021 to 2024. Method
  • In 2024 it paid out 154% 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$200K$400K$600K$800K6 grants2020 8 grants2021 9 grants2022 12 grants2023 9 grants2024

From 2020 to 2024, annual grant giving ranged from $435K (2024) to $639K (2020). In 2024 it made 9 grants totaling $435K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Team up Mentoring Monroe, GAGeneral Support$105,250
Tunnel to Towers Foundation Staten Island, NYGeneral Support$100,000
Shriners Hospital (Shriners Temple) Atlanta, GAGeneral Support$50,000
Georgia Sheriffs' Youth Homes Foundation Inc McDonough, GAGeneral Support$40,000
Grace Monroe at the Mill Monroe, GAGeneral Support$35,000
Cato Institute Washington, DCGeneral Support$30,000
Homeaid Atlanta Atlanta, GAGeneral Support$30,000
Soldiers Angels San Antonio, TXGeneral Support$25,000
Special Olympics Georgia Norcross, GAGeneral Support$20,000
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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
2024$3,891,352$1,136,587$460,081$435,2509$437,690$1,114,641$283,537
2023$3,214,595$159,986$504,196$464,00012$465,900$132,174$404,473
2022$6,669,081$501,240$509,002$454,5619$457,869$450,107$532,138
2021$6,645,251$668,140$614,607$571,0058$572,580$626,113$575,731
2020$6,591,718$31,883$713,180$639,0006—$78,152$450,608

Under IRS private-foundation payout rules, The Downey Family Foundation Inc reported a distributable amount of $284K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

The Downey Family Foundation Inc is led by Francis J. Downey, President on every filing since 2020 — the only officer listed, and uncompensated.

Officers on the 2024 filing

  • Francis J. Downey

    President

    On filings since 2020

    2 hrs/week

    No compensation reported

Former officers (1)
  • Former: Catherine L. Downey (2020–2023) — Vice President

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 Downey Family Foundation Inc

How much does The Downey Family Foundation Inc give each year?

The Downey Family Foundation Inc gave $435K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $464K across 12 grants.

What is The Downey Family Foundation Inc's typical grant size?

The Downey Family Foundation Inc's median grant in 2024 was $35,000, and its average grant was $48,361, across 9 grants on its 2024 IRS Form 990-PF.

Where does The Downey Family Foundation Inc give grants?

The Downey Family Foundation Inc gives mostly in Georgia: 64% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New York (23%) and District of Columbia (7%). The most frequent recipient cities were Monroe, GA (2 grants) and Atlanta, GA (2 grants).

Does The Downey Family Foundation Inc give general operating support?

Yes: 100% of The Downey Family Foundation Inc's 2024 grants with a stated purpose (9 of 9) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are The Downey Family Foundation Inc's largest grantees?

The Downey Family Foundation Inc's largest 2024 grantees include Team up Mentoring ($105,250), Tunnel to Towers Foundation ($100,000) and Shriners Hospital (Shriners Temple) ($50,000), according to its 2024 IRS Form 990-PF. Together they received 59% of its itemized 2024 grant dollars.

How large is The Downey Family Foundation Inc?

The Downey Family Foundation Inc reported $3.9M in total assets on its 2024 IRS Form 990-PF. It paid out $438K in qualifying distributions that year, against a required minimum of $284K (roughly 5% of its investment assets).

What is The Downey Family Foundation Inc's EIN?

The Downey Family Foundation Inc's EIN (Employer Identification Number) is 47-1805900. IRS Form 990 filing data is available on this page for 2020–2024.

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

Data update history

(6)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 11, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 9, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 25, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS July 30, 2025)
  6. 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 The Downey Family Foundation Inc'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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