The Larry Payne Foundation
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The Larry Payne Foundation at a glance
In short: The Larry Payne Foundation gave $351K across 9 grants in 2025 (avg $39K), mostly in Mississippi. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $351,045
- -20.7% vs 2024
- Grants made (2025)
- 9
- Average grant
- $39,005
- Median grant
- $10,125
- Total assets
- $3,515,065
- -9.0% vs 2024
- Primary geography
- Mississippi (87% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who The Larry Payne Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was The USM Foundation ($149K). Together the top 9 received $351K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 15 grants of 17 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $99K (2020) to $443K (2024). In 2025 it made 9 grants totaling $351K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The USM Foundation Hattiesburg, MS | Education | $149,260 |
| Univ of Ms Medical Jackson, MS | Education | $92,742 |
| Francis Marion Univ Florence, SC | Education | $37,257 |
| St Andrew's Episcopal School Jackson, MS | Education | $36,488 |
| Sacred Heart School Hattiesburg, MS | Education | $10,125 |
| University of Alabama Tuscaloosa, AL | Education | $8,200 |
| Jones College Ellisville, MS | Education | $5,931 |
| University of Mississippi University, MS | Education | $5,612 |
| Ms Gulf Coast Community College Perkinston, MS | Education | $5,430 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $3,515,065 | $268,235 | $617,870 | $351,045 | 9 | $268,235 |
| 2024 | $3,864,700 | $368,739 | $494,126 | $442,540 | Total only | $368,739 |
| 2023 | $3,990,087 | $308,685 | $215,180 | $179,645 | Total only | $308,685 |
| 2022 | $3,906,094 | $108,432 | $224,704 | $187,402 | Total only | $107,682 |
| 2021 | $3,607,325 | $242,955 | $160,348 | $126,983 | 8 | $242,955 |
| 2020 | $3,524,718 | $110,813 | $106,297 | $98,916 | 2 | $110,813 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About The Larry Payne Foundation
Based on IRS filings
The Larry Payne Foundation is a public charity, based in Hattiesburg, MS. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.5M in total assets. In 2025, it awarded 9 grants totaling $351K. Net investment income was $268K.
Leadership & Key People
Officers and directors from IRS filings
The Larry Payne Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
James L. Payne Jr.
Director
On filings since 2020
10 hrs/week
$26K (2024) → $0 (2025)
Robert Jackson Sr Atty
Director
On filings since 2020
No compensation reported
Former officers (3)
- Former: Elizabeth Payne (2022–2023) — Director
- Former: Larry Payne (2020–2021) — Director
- Former: Liz Payne (2020–2021) — Director
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $26K, to James L Payne Jr (Director).
Frequently asked questions about The Larry Payne Foundation
How much does The Larry Payne Foundation give each year?
The Larry Payne Foundation gave $351K across 9 grants in 2025, according to its 2025 IRS Form 990. In 2024 it reported $443K in grants paid.
What is The Larry Payne Foundation's typical grant size?
The Larry Payne Foundation's median grant in 2025 was $10,125, and its average grant was $39,005, across 9 grants on its 2025 IRS Form 990.
Where does The Larry Payne Foundation give grants?
The Larry Payne Foundation gives mostly in Mississippi: 87% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest state was South Carolina (11%). The most frequent recipient cities were Hattiesburg, MS (2 grants) and Jackson, MS (2 grants).
Does The Larry Payne Foundation give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on The Larry Payne Foundation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Education" (9 grants).
Who are The Larry Payne Foundation's largest grantees?
The Larry Payne Foundation's largest 2025 grantees include The USM Foundation ($149,260), Univ of Ms Medical ($92,742) and Francis Marion Univ ($37,257), according to its 2025 IRS Form 990. Together they received 80% of its itemized 2025 grant dollars.
How large is The Larry Payne Foundation?
The Larry Payne Foundation reported $3.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $268K.
What is The Larry Payne Foundation's EIN?
The Larry Payne Foundation's EIN (Employer Identification Number) is 64-0782340. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS October 11, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS July 30, 2022)
- Added Form 990 for fiscal year 2025 (received by the IRS June 8, 2026)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 3, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 9, 2025)
- IRS filings on file for fiscal years 2020–2024
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