The Fain Foundation is a private foundation based in Wichita Falls, Texas. Its 2024 filing reports grants to charitable organizations, with all grant dollars going to recipients in Texas.
Key facts about The Fain Foundation
In short: The Fain Foundation gave $1.4M across 85 grants in 2025 (avg $16K), mostly in Texas. 15% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 75-6016679
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $1,400,867
- Grants made (2025)
- 85
- Average grant
- $16,481
- Median grant
- $10,000
- New grantees (estimate)
- 15% first-time grantees (11 of 72, 2025)
- Total assets
- $7,272,857
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$7.3M
-5.8% YoY
Annual Giving
$1.4M
-37.5% YoY
Grant Count
85
+3.7% YoY
Avg Grant Size
$16K
-39.7% YoY
Under IRS private-foundation payout rules, The Fain Foundation reported a distributable amount of $599K for 2025 — the minimum it must pay out in qualifying distributions.
Is The Fain Foundation open to new grantees?
15%
first-time grantees, 2025
In 2025, 11 of 72 grantees (15%) were first-time recipients. First grants averaged $9K; repeat grants $21K. How we count
Medians: $10K first-time, $10K repeat.
- 74% of 2025 grantees were also funded in 2024. Method
- Giving grew 159% from 2022 to 2025. Method
- In 2025 it paid out 251% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants supported organizations and projects involving recreation, nature, hospice care, senior care, health services, arts, youth programs, education, and community resources.
The grantees describe their own missions in varied terms. The YMCA says it puts Christian principles into practice through programs that build a healthy body, mind, and spirit. River Bend Nature Center says its mission is to inspire curiosity, respect, and care for nature. Hospice of Wichita Falls describes its work as providing care, hope, and support when illness threatens life; Presbyterian Manor says it provides high-quality care for seniors in North Texas. Camp Fire North Texas says it builds caring, confident youth and future leaders.
Grantmaking
In 2024, the foundation made 82 grants totaling $2,242,167. Grant amounts ranged from $1,000 to $333,334, with a median grant of $10,000.
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Geographic Focus
Where this funder awards grants
The foundation’s 2024 grant dollars went to recipients in Texas. Listed recipients include organizations in Wichita Falls and Archer City.
Grant Distribution by State
Share of all 85 itemized 2025 grant dollars.
Cities
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 2025
Grant Size Distribution
371 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| YMCA Wichita Falls, TX | McCoy Aquatics Center | $333,334 |
| Wichita Falls Area Community Foundation Wichita Falls, TX | Endowment | $83,333 |
| Art's Council Wichita Falls Area Kemp Center for the Arts Wichita Falls, TX | Sculpture Garden | $50,000 |
| Camp Fire North Texas Wichita Falls, TX | Operating Budget | $50,000 |
| Midwestern State University Wichita Falls, TX | Military Scholarship | $50,000 |
| United Regional Foundation Wichita Falls, TX | Stealth Station | $50,000 |
| Peyton's Project Wichita Falls, TX | Spurs & Pearls Event Sponsor | $30,000 |
| Downtown Wichita Falls Development Inc Wichita Falls, TX | Operating Budget | $25,000 |
| Senior Citizens Center of Wichita Falls Wichita Falls, TX | Meals on Wheels | $25,000 |
| Smart Athletics - Titus Outreach Wichita Falls, TX | Operating Budget | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants | Grant count |
|---|---|---|---|---|---|
| 2024 | $7,718,695 | $1,896,097 | $2,470,257 | $2,242,167 | 82 |
| 2023 | $8,303,599 | $1,646,486 | $1,627,405 | $1,397,133 | 82 |
| 2022 | $8,270,501 | $870,578 | $763,899 | $541,200 | 45 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $7,272,857 | $7,718,695 | $8,303,599 |
| Revenue | $1,219,167 | $1,896,097 | $1,646,486 |
| Expenses | $1,661,286 | $2,470,257 | $1,627,405 |
| Qualifying Distributions | $1,501,867 | $2,313,667 | $1,471,883 |
| Net Investment Income | $1,065,559 | $1,764,166 | $1,512,631 |
| Distributable Amount | $598,832 | $601,481 | $617,982 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 30, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Martha Fain as President, Treasurer, and Director; Mac W Cannedy Jr as Vice-President, Secretary, and Director; and Dennis D Cannedy, Ann Kelly, and John M Kelly as Directors.
The Fain Foundation is led by Martha Fain, President, Treasurer & Director on every filing since 2020; all 5 officers listed in 2025 are compensated.
Officers on the 2025 filing
Martha Fain
President, Treasurer & Director
On filings since 2020
2 hrs/week
$20K (2020) → $30K (2025)
Ann Kelly
Director
On filings since 2020
2 hrs/week
$20K (2020) → $30K (2025)
Dennis D Cannedy
Director
On filings since 2020
2 hrs/week
$20K (2020) → $30K (2025)
John M Kelly
Director
On filings since 2020
2 hrs/week
$20K (2020) → $30K (2025)
Mac W Cannedy Jr.
Vice President, Secretary & Director
On filings since 2020
2 hrs/week
$20K (2020) → $30K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
Contact
Mailing address: 807 8Th Street 2Nd Floor, Wichita Falls, TX 76301-3381
Phone: (940) 322-4436
Frequently asked questions about The Fain Foundation
How much does The Fain Foundation give each year?
The Fain Foundation gave $1.4M across 85 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.2M across 82 grants.
What is The Fain Foundation's typical grant size?
The Fain Foundation's median grant in 2025 was $10,000, and its average grant was $16,481, across 85 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Fain Foundation that year got $9K on average.
Where does The Fain Foundation give grants?
The Fain Foundation gives mostly in Texas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Wichita Falls, TX (70 grants), Irving, TX (2 grants), Burkburnett, TX (2 grants) and Vernon, TX (2 grants).
Does The Fain Foundation give general operating support?
Yes: 38% of The Fain Foundation's 2025 grants with a stated purpose (32 of 85) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Fain Foundation's largest grantees?
The Fain Foundation's largest 2025 grantees include YMCA ($333,334), Midwestern State University ($98,500 across 5 grants) and Wichita Falls Area Community Foundation ($83,333), according to its 2025 IRS Form 990-PF. Together they received 37% of its itemized 2025 grant dollars.
How large is The Fain Foundation?
The Fain Foundation reported $7.3M in total assets on its 2025 IRS Form 990-PF. It paid out $1.5M in qualifying distributions that year, against a required minimum of $599K (roughly 5% of its investment assets).
What does The Fain Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants supported organizations and projects involving recreation, nature, hospice care, senior care, health services, arts, youth programs, education, and community resources. The grantees describe their own missions in varied terms. The YMCA says it puts Christian principles into practice through programs that build a healthy body, mind, and spirit. River Bend Nature Center says its mission is to inspire curiosity, respect, and care…
How do I apply for a grant from The Fain Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Fain Foundation's EIN?
The Fain Foundation's EIN (Employer Identification Number) is 75-6016679. IRS Form 990 filing data is available on this page for 2020–2025.
Does The Fain Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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