The Owen Foundation

MILLEDGEVILLE, GA EIN: 06-1193928

The Owen Foundation is a private foundation, based in MILLEDGEVILLE, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 15 grants totaling $186K. Net investment income was $228K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.4M

+2.9% YoY

Annual Giving

$186K

+6.3% YoY

Grant Count

15

-11.8% YoY

Avg Grant Size

$12K

+20.5% YoY

Under IRS private-foundation payout rules, The Owen Foundation reported a distributable amount of $189K for 2024 — the minimum it must pay out in qualifying distributions.

About The Owen Foundation

Based on IRS filings

The Owen Foundation is a private foundation, based in MILLEDGEVILLE, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 15 grants totaling $186K. Net investment income was $228K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

12states
+4 more states

Cities

AikenArlingtonAshevilleCambridgeCharlestonColumbiaDallasDaniel IslandDes MoinesFort PierceGainesvilleKiawah IslandMilledgevilleMount PleasantNewcastlePalm CityPotsdamSalisburyStuartSuffield

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$68K$136K$204K$272K20202021202220232024
Metric202420232022
Total Assets$1,412,739$1,372,456$1,525,754
Revenue$247,665$44,040$187,888
Expenses$207,382$197,338$126,285
Qualifying Distributions$187,777$175,000$105,000
Net Investment Income$228,060$31,734$167,868
Distributable Amount$188,775$167,930$167,195

Giving Over Time

Total grant dollars and number of grants per year

$0$53K$106K$159K$213K11 grants202015 grants20218 grants202217 grants202315 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

TECHNOSERVE$40KPEO FOUNDATION$25KUNIVERSITY OF SC EDUCATI…$20KOFFICE OF FOUNDATION REL…$15KCLARKSON UNIVERSITY$15KAIKEN SYMPHONY ORCHESTRA$10KMARK GARWOOD FOUNDATION$10KSANDHILL COVE FOUNDATION$10KDANIEL ISLAND CLUB EMPLO…$10KRIVERSIDE MILITARY ACADEMY$10K

Grant Size Distribution

66 grants across all recorded years

65<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Technoserve ($40,000), Peo Foundation ($25,000), University of Sc Educational Fund ($20,000).

RecipientPurposeAmount
OFFICE OF FOUNDATION RELATIONS MASSACHUSETTS INSTITUTE OF TECHNOLOGY CAMBRIDGE, MDGENERAL OPERATING FUND$15,000
CLARKSON UNIVERSITY POTSDAM, NYGENERAL OPERATING FUND$15,000
UNIVERSITY OF SC EDUCATIONAL FUND COLUMBIA, SCN.R. OWEN SCHOLARSHIP FUND$20,000
AIKEN SYMPHONY ORCHESTRA AIKEN, SCGENERAL OPERATING SUPPORT$10,000
AREA CHURCHES TOGETHER SERVING AIKEN, SCGENERAL OPERATING FUND$5,000
MARK GARWOOD FOUNDATION STUART, SCGENERAL OPERATING FUND$10,000
SANDHILL COVE FOUNDATION PALM CITY, FLGENERAL OPERATING FUND$10,000
PEO FOUNDATION DES MOINES, INGENERAL OPERATING FUND$25,000
EAST COOPER MEALS ON WHEELS MOUNT PLEASANT, SCN.R. OWEN SCHOLARSHIP FUND$5,000
TECHNOSERVE ARLINGTON, VAGENERAL OPERATING FUND$40,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
DAVID G OWENTRUSTEE2
LORINDA O CLAUSONTRUSTEE2
STEPHEN RUTNER PHDTRUSTEE2

Frequently Asked Questions

How large is The Owen Foundation?

As of 2024, The Owen Foundation holds $1.4M in total assets with $248K in annual revenue. It awarded 15 grants totaling $186K in 2024.

Where does The Owen Foundation operate?

The Owen Foundation has awarded grants in Connecticut, Florida, Georgia, Indiana, Massachusetts, Maryland, Maine, North Carolina, New York, South Carolina, Texas, Virginia.

What size grants does The Owen Foundation award?

In 2024, The Owen Foundation awarded 15 grants totaling $186K — an average of about $12K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Owen Foundation reported a distributable amount of $189K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Owen Foundation's EIN?

The Owen Foundation's EIN (Employer Identification Number) is 06-1193928. 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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