The Greenwell Foundation Inc
The Greenwell Foundation Inc is a private foundation, based in Owensboro, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $970K in total assets. In 2024, it awarded 4 grants totaling $56K. Net investment income was $41K.
The Greenwell Foundation Inc at a glance
In short: The Greenwell Foundation Inc gave $56K across 4 grants in 2024 (avg $14K), mostly in Kentucky. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $56,481
- -9.9% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $14,120
- -9.9% vs 2023
- Median grant
- $11,066
- Total assets
- $969,851
- -2.9% vs 2023
- Primary geography
- Kentucky (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Greenwell Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was OwensboroDaviess Co Family YMCA ($25K). Together the top 4 received $56K.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 25 grants of 25 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How The Greenwell Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (+17%). Method
- In 2024 it paid out 86% 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 2024, annual grant giving ranged from $48K (2021) to $80K (2022). In 2024 it made 4 grants totaling $56K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| OwensboroDaviess Co Family YMCA Owensboro, KY | Equipment for YMCA Childcare Center to enhance learning and development environment. | $25,000 |
| Crossroads Inc Owensboro, KY | Secure a generator to fully operate facility during power outages. | $12,132 |
| Opportunity Center of Owensboro Owensboro, KY | Purchase a commercial oven to ensure nutrition program and client training are delivered effectively. | $10,000 |
| Wendell Foster's Campus for Disabil Owensboro, KY | Purchase a EasyStand Frame for Therapy Program. | $9,349 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $969,851 | $41,138 | $69,822 | $56,481 | 4 | $56,481 | $41,138 | $65,569 |
| 2023 | $998,535 | $-4,359 | $76,608 | $62,699 | 4 | $62,699 | $20,044 | $58,475 |
| 2022 | $1,079,502 | $63,147 | $89,657 | $80,000 | 5 | $80,000 | $22,297 | $58,899 |
| 2021 | $1,106,012 | $738,520 | $54,498 | $48,074 | 6 | $48,074 | $62,798 | $52,939 |
| 2020 | $421,990 | $19,416 | $56,939 | $50,000 | 6 | — | $19,416 | $24,766 |
Under IRS private-foundation payout rules, The Greenwell Foundation Inc reported a distributable amount of $66K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Greenwell Foundation Inc is led by Paul Martin, President & Director on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Paul Martin
President & Director
On filings since 2020
0.5 hrs/week
No compensation reported
Don P Moore
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Marcia Carpenter
Director
On filings since 2020
0.5 hrs/week
No compensation reported
R Mitch Settle
Director
On filings since 2020
0.8 hrs/week
No compensation reported
Michael R Wurth
Secretary & Treasurer
On filings since 2020
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Greenwell Foundation Inc
How much does The Greenwell Foundation Inc give each year?
The Greenwell Foundation Inc gave $56K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $63K across 4 grants.
What is The Greenwell Foundation Inc's typical grant size?
The Greenwell Foundation Inc's median grant in 2024 was $11,066, and its average grant was $14,120, across 4 grants on its 2024 IRS Form 990-PF.
Where does The Greenwell Foundation Inc give grants?
The Greenwell Foundation Inc gives mostly in Kentucky: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Owensboro, KY (4 grants).
Does The Greenwell Foundation Inc give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on The Greenwell Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
How large is The Greenwell Foundation Inc?
The Greenwell Foundation Inc reported $970K in total assets on its 2024 IRS Form 990-PF. It paid out $56K in qualifying distributions that year, against a required minimum of $66K (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.
What is The Greenwell Foundation Inc's EIN?
The Greenwell Foundation Inc's EIN (Employer Identification Number) is 26-1337900. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Greenwell Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in The Greenwell Foundation Inc's focus areas in our free grants database
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