The Mulhollem Cravens Foundation

CARLISLE, KY EIN: 20-3835578

The Mulhollem Cravens Foundation is a private foundation established in 2005, based in Carlisle, Kentucky. The foundation operates with no staff and focuses on furthering the missions of its grantees across various sectors.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.8M

+6.1% YoY

Annual Giving

$470K

-19.4% YoY

Grant Count

-13.6% YoY

Avg Grant Size

$25K

-6.7% YoY

Under IRS private-foundation payout rules, The Mulhollem Cravens Foundation reported a distributable amount of $96K 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's primary approach is to provide grants that further the mission of the donee organizations. Based on recent grantmaking activity, the foundation supports organizations working in the arts, social services, and community development sectors.

Grantmaking

The foundation made 14 grants in 2024. Recent grants include:

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in Kentucky, with a particular emphasis on the Carlisle area and surrounding regions including Lexington.

Grant Distribution by State

Kentucky $1.7M (77%)

Minnesota $400K (18%)

North Dakota $58K (3%)

West Virginia $40K (2%)

Indiana $10K (0%)

Nebraska $300 (0%)

States

Indiana Kentucky Minnesota North Dakota Nebraska West Virginia

Cities

BentonCarlisleFrankfortGrand ForksHardinsburgHazardIndianapolisLexingtonLincolnLouisvilleMinneapolisOwensboroParisSummersvilleWhitesburgWinchester

Financial History

Multi-year comparison from IRS filings

As of December 2024:

Total Assets: $1,802,539
Total Revenues: $603,307
Total Expenses: $489,113
Total Grants, Contributions, etc.: $220,304
Investment Income and Dividends: $56,895

Year-over-Year Changes (2023-2024):

Grants and contributions increased 30% ($220,304 vs. $169,419)
Investment income increased 13.7% ($56,895 vs. $50,042)

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,802,539	$1,698,803	$1,860,351
Revenue	$603,307	$440,796	$675,133
Expenses	$489,113	$610,973	$507,814
Qualifying Distributions	$470,315	$583,515	$484,015
Net Investment Income	$366,217	$253,324	$403,228
Distributable Amount	$95,555	$93,061	$92,820

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

100 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Carnegie Center ($100,000), University of Minnesota ($100,000), Ky Ffa Foundation ($65,000).

Recipient	Purpose	Amount
ARBOR DAY FOUNDATION LINCOLN, NE	TO FURTHER THE MISSION OF THE DONEE	$300
BLUEGRASS PONY CLUBS INC WINCHESTER, KY	TO FURTHER THE MISSION OF THE DONEE	$1,000
BOURBON CO KY YMCA PARIS, KY	TO FURTHER THE MISSION OF THE DONEE	$25,000
CARNEGIE CENTER LEXINGTON, KY	TO FURTHER THE MISSION OF THE DONEE	$100,000
CROSSROADS SHELTER OWENSBORO, KY	TO FURTHER THE MISSION OF THE DONEE	$20,000
ITN LEXINGTON, KY	TO FURTHER THE MISSION OF THE DONEE	$5,000
KET-KY PBS STATION LEXINGTON, KY	TO FURTHER THE MISSION OF THE DONEE	$22,000
KY DOLL MUSEUM CARLISLE, KY	TO FURTHER THE MISSION OF THE DONEE	$2,500
KY FFA FOUNDATION HARDINSBURG, KY	TO FURTHER THE MISSION OF THE DONEE	$65,000
NICHOLAS CO KY FFA CARLISLE, KY	TO FURTHER THE MISSION OF THE DONEE	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PAUL B MULHOLLEM JR	DIRECTOR	—	—
VALERIE K CRAVENS	DIRECTOR	—	—
SYLVIA J CRAVENS	DIRECTOR	—	—

Contact Information

Address: PO Box 192, Carlisle, KY 40311-0192

Telephone: 312-298-2000

EIN: 20-3835578

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does The Mulhollem Cravens Foundation fund?

How do I apply for a grant from The Mulhollem Cravens Foundation?

**Grant Activity:** The foundation made 14 grants in 2024. Recent grants include: • Carnegie Center Council for the Art: $100,000 (December 2024) • The Hope Center: $50,000 (December 2024) • Carlisle-Nicholas County Tourism: $20,000 (December 2024) Grant descriptions indicate support is provided "to further the mission of the donee."

Where does The Mulhollem Cravens Foundation make grants?

The foundation primarily funds organizations in Kentucky, with a particular emphasis on the Carlisle area and surrounding regions including Lexington.

What size grants does The Mulhollem Cravens Foundation award?

In 2024, The Mulhollem Cravens Foundation awarded 19 grants totaling $470K — an average of about $25K per grant, based on its IRS Form 990 filings.

How much is The Mulhollem Cravens Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mulhollem Cravens Foundation reported a distributable amount of $96K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Mulhollem Cravens Foundation's EIN?

The Mulhollem Cravens Foundation's EIN (Employer Identification Number) is 20-3835578. IRS Form 990 filing data is available on this page for 2020–2024.