The Fain Foundation

WICHITA FALLS, TX EIN: 75-6016679

Arts and culture Education Higher education Environment Natural resources

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

+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.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

The foundation funds:

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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

Texas $4.2M (100%)

Oklahoma $10K (0%)

States

Oklahoma Texas

Cities

AbileneArcher CityArlingtonAustinBurkburnettCashion CommunityDallasDuncanFort WorthHenriettaHollidayIowa ParkIrvingLubbockMontagueOlneyPetroliaSeymourVernonWichita Falls

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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 Professorship

Subject Areas

Focus areas based on grantmaking activity

Arts and culture Education Higher education Environment Natural resources

Frequently Asked Questions

What does The Fain Foundation fund?

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.