The Gary V and Janet R Townsend is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MUNCIE, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 10 grants totaling $137K. Net investment income was $107K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.7M
-1.2% YoY
Annual Giving
$137K
-0.4% YoY
Grant Count
10
+25.0% YoY
Avg Grant Size
$14K
-20.3% YoY
Under IRS private-foundation payout rules, The Gary V and Janet R Townsend reported a distributable amount of $155K for 2024 — the minimum it must pay out in qualifying distributions.
About The Gary V and Janet R Townsend
Based on IRS filings
The Gary V and Janet R Townsend is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MUNCIE, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 10 grants totaling $137K. Net investment income was $107K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,730,964 | $2,763,391 | $2,845,315 |
| Revenue | $119,827 | $77,139 | $1,020,873 |
| Expenses | $152,193 | $159,063 | $108,432 |
| Qualifying Distributions | $137,270 | $137,728 | $94,460 |
| Net Investment Income | $106,572 | $59,206 | $6,901 |
| Distributable Amount | $154,730 | $141,279 | $95,136 |
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
61 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ymca of Muncie in ($40,000), Breast Cancer Research Foundation ($30,000), St Jude's Children's Research Hospital ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BREAST CANCER RESEARCH FOUNDATION NEW YORK, NY | GENERAL SUPPORT | $30,000 |
| SECOND HARVEST FOODBANK MUNCIE, IN | GENERAL SUPPORT | $4,000 |
| WES-DEL COMMUNITY SCHOOLS GASTON, IN | DONATION TO STEM CLUB | $4,000 |
| YMCA OF MUNCIE IN MUNCIE, IN | CAPITAL CAMPAIGN - NEW BUILDING | $40,000 |
| LIVE LIKE LOU FOUNDATION OXFORD, OH | ROSELLE ENDOWMENT FOR ALS RESEARCH | $10,194 |
| OHIO CHAPTER INTERNATIONAL SOCIETY OF ARBORICULTURE BALTIMORE, OH | ANNUAL PLEDGE FOR SCHOLARSHIP PROGRAM | $6,000 |
| ST JUDE'S CHILDREN'S RESEARCH HOSPITAL MEMPHIS, TN | GENERAL SUPPORT | $30,000 |
| ANIMAL RESCUE FUND MUNCIE, IN | GENERAL SUPPORT | $4,000 |
| THE HUMANE SOCIETY OF THE UNITED STATES WASHINGTON, DC | GENERAL SUPPORT | $4,000 |
| HILLCROFT SERVICES MUNCIE, IN | GENERAL SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PHILLIP CHAMBERS | EXECUTIVE CHAIRPERSON | — | — |
| AMY TOWNSEND | CEO & EXECUTIVE DIRECTOR | — | — |
| MICHELLE MOLIN | CHIEF LEGAL & SECRETARY | — | — |
| J MICHAEL MCCLURE | CFO & TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Gary V and Janet R Townsend?
The Gary V and Janet R Townsend is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MUNCIE, IN. It holds $2.7M in total assets as of 2024.
How large is The Gary V and Janet R Townsend?
As of 2024, The Gary V and Janet R Townsend holds $2.7M in total assets with $120K in annual revenue. It awarded 10 grants totaling $137K in 2024.
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 size grants does The Gary V and Janet R Townsend award?
In 2024, The Gary V and Janet R Townsend awarded 10 grants totaling $137K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is The Gary V and Janet R Townsend required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Gary V and Janet R Townsend reported a distributable amount of $155K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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