The Fain Foundation
The Fain Foundation is a private foundation established in 1942 and based in Wichita Falls, Texas. The foundation operates as a 501(c)(3) organization with no employees, functioning as a grantmaking entity that supports various charitable causes in its community.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.7M
-7.0% YoY
Annual Giving
$2.2M
+60.5% YoY
Grant Count
82
+0.0% YoY
Avg Grant Size
$27K
+60.5% YoY
Under IRS private-foundation payout rules, The Fain Foundation reported a distributable amount of $601K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports a diverse range of charitable activities including operating budgets, capital campaigns, equipment purchases, capital improvements, vocational programs, and therapeutic treatment initiatives. Recent grantmaking reflects support for youth development, hospice care, community development, and youth justice programs.
Grantmaking
The foundation made 70 grants in 2023, with total giving of $2,232,167 according to the most recent available data. Notable recent grants include:
Grant Types
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations and initiatives in the Wichita Falls, Texas area and surrounding region.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $8,303,599
- Total Revenues: $1,646,486
- Total Expenses: $1,627,405
- Investment Income and Dividends: $289,528
As of 2024:
- Total Assets: $7,718,695
- Total Giving: $2,232,167
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,718,695 | $8,303,599 | $8,270,501 |
| Revenue | $1,896,097 | $1,646,486 | $870,578 |
| Expenses | $2,470,257 | $1,627,405 | $763,899 |
| Qualifying Distributions | $2,313,667 | $1,471,883 | $614,200 |
| Net Investment Income | $1,764,166 | $1,512,631 | $731,267 |
| Distributable Amount | $601,481 | $617,982 | $670,346 |
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
245 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hospice of Wichita Falls Inc ($250,000), Archer County Museum & Art Center ($50,000), Art's Council Wichita Falls Area Kemp Center for the Arts ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| All Hands Cultural Comnty Ctr Wichita Falls, TX | Virtual Instruction | $15,000 |
| Alzheimer's Association Wichita Falls, TX | Memory Walk | $7,500 |
| American Red Cross Wichita Falls, TX | Operating Budget | $5,000 |
| The Arc Wichita Falls, TX | Operating Budget | $5,000 |
| The Arc Wichita Falls, TX | Social Media | $2,500 |
| Archer County Museum & Art Center Archer City, TX | Museum Restoration | $50,000 |
| Art's Council Wichita Falls Area Kemp Center for the Arts Wichita Falls, TX | Sculpture Garden | $50,000 |
| Backdoor Theatre Wichita Falls, TX | Operating Budget | $5,000 |
| Beacon Lighthouse Inc Wichita Falls, TX | Firewall Tech & Equipment | $10,000 |
| Big Brothers Big Sisters Irving, TX | Dancing For the Stars | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Martha Fain | President, Treasurer & Director | 2 | $24,000 |
| Mac W Cannedy Jr | Vice-President, Sec. & Director | 2 | $24,000 |
| Dennis D Cannedy | Director | 2 | $24,000 |
| Ann Kelly | Director | 2 | $24,000 |
| John M Kelly | Director | 2 | $24,000 |
Recent News & Activity
Recent developments and announcements
The Fain family name is associated with educational endowments and scholarships, including a professorship established at Midwestern State University in Texas and the Stephen M. Fain Medal at Florida International University, reflecting the family's broader philanthropic legacy beyond the foundation's direct grantmaking.
Gift Honors Fain Family Legacy, Establishes ProfessorshipSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Fain Foundation fund?
The foundation supports a diverse range of charitable activities including operating budgets, capital campaigns, equipment purchases, capital improvements, vocational programs, and therapeutic treatment initiatives. Recent grantmaking reflects support for youth development, hospice care, community development, and youth justice programs.
How do I apply for a grant from The Fain Foundation?
The foundation made 70 grants in 2023, with total giving of $2,232,167 according to the most recent available data. Notable recent grants include: • Boys and Girls Clubs of Wichita Falls: $250,000 (Capital Improvements, 2023) • Camp Fire - North Texas: $75,000 (Operating Budget, 2023) • Downtown Wichita Falls Development: $25,000 (Operating Budget, 2023) The foundation funds: • Operating budgets • Capital campaigns and capital improvements • Equipment purchases • Vocational programs • Therapeut…
Where does The Fain Foundation make grants?
The foundation primarily funds organizations and initiatives in the Wichita Falls, Texas area and surrounding region.
What size grants does The Fain Foundation award?
In 2024, The Fain Foundation awarded 82 grants totaling $2.2M — an average of about $27K per grant, based on its IRS Form 990 filings.
How much is The Fain Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Fain Foundation reported a distributable amount of $601K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Fain Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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