The Gary V and Janet R Townsend
The Gary V and Janet R Townsend is a private foundation, based in Muncie, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.8M in total assets. In 2025, it awarded 2 grants totaling $46K. Net investment income was $78K.
The Gary V and Janet R Townsend at a glance
In short: The Gary V and Janet R Townsend gave $46K across 2 grants in 2025 (avg $23K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $46,000
- -66.5% vs 2024
- Grants made (2025)
- 2
- -80.0% vs 2024
- Average grant
- $23,000
- +67.6% vs 2024
- Median grant
- $23,000
- Total assets
- $2,757,061
- +1.0% vs 2024
- Primary geography
- Indiana (87% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Gary V and Janet R Townsend funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was YMCA of Muncie IN ($40K). Together the top 2 received $46K.
Grant Size Distribution
62 grants across all recorded years
The most common grant size was under $50K: 62 grants of 62 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How The Gary V and Janet R Townsend gives
- Giving fell 51% from 2022 to 2025. Method
- In 2025 it paid out 28% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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
From 2020 to 2025, annual grant giving ranged from $7K (2020) to $138K (2023). In 2025 it made 2 grants totaling $46K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| YMCA of Muncie IN Muncie, IN | Capital Campaign - New Building | $40,000 |
| Ohio Chapter International Society of Arboriculture Baltimore, OH | Annual Pledge for Scholarship Program | $6,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,757,061 | $90,839 | $62,317 | $46,000 | 2 | $47,305 | $77,991 | $168,171 |
| 2024 | $2,730,964 | $119,827 | $152,193 | $137,194 | 10 | $137,270 | $106,572 | $154,730 |
| 2023 | $2,763,391 | $77,139 | $159,063 | $137,681 | 8 | $137,728 | $59,206 | $141,279 |
| 2022 | $2,845,315 | $1,020,873 | $108,432 | $94,460 | 7 | $94,460 | $6,901 | $95,136 |
| 2021 | $1,932,874 | $1,000,000 | $60,488 | $60,464 | 35 | $60,464 | — | $53,986 |
| 2020 | $993,362 | $1,000,000 | $6,638 | $6,556 | 1 | — | — | $7,360 |
Under IRS private-foundation payout rules, The Gary V and Janet R Townsend reported a distributable amount of $168K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Gary V and Janet R Townsend is led by Amy Townsend, CEO & Executive Director on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Amy Townsend
CEO & Executive Director
On filings since 2020
No compensation reported
Michelle Molin
Chief Legal Officer, Secretary & Treasurer
Chief Legal & Secretary → Chief Legal Officer, Secretary & Treasurer, 2025
On filings since 2020
No compensation reported
Former officers (2)
- Former: J. Michael McClure (2020–2024) — CFO & Treasurer
- Former: Phillip Chambers (2020–2024) — Executive Chairperson
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.
Frequently asked questions about The Gary V and Janet R Townsend
How much does The Gary V and Janet R Townsend give each year?
The Gary V and Janet R Townsend gave $46K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $137K across 10 grants.
How large is The Gary V and Janet R Townsend?
The Gary V and Janet R Townsend reported $2.8M in total assets on its 2025 IRS Form 990-PF. It paid out $47K in qualifying distributions that year, against a required minimum of $168K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Gary V and Janet R Townsend operate?
The Gary V and Janet R Townsend has awarded grants in District of Columbia, Georgia, Illinois, Indiana, Kansas, Maryland, Missouri, North Carolina, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Texas, Virginia, Washington, West Virginia.
What is The Gary V and Janet R Townsend's EIN?
The Gary V and Janet R Townsend's EIN (Employer Identification Number) is 85-3564425. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 4, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 25, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 25, 2026)
- IRS filings on file for fiscal years 2020–2025
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