The Owen Foundation
The Owen Foundation is a Form 990-PF (a private foundation) based in Bloomington, Illinois. In filing year 2025, it reported 25 grants totaling $249,850, including grants for educational and charitable purposes.
The Owen Foundation at a glance
In short: The Owen Foundation gave $250K across 25 grants in 2025 (avg $10K), mostly in Illinois. 24% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $249,850
- +15.3% vs 2024
- Grants made (2025)
- 25
- +19.0% vs 2024
- Average grant
- $9,994
- -3.1% vs 2024
- Median grant
- $5,000
- Total assets
- $2,768,340
- +1.9% vs 2024
- New grantees (estimate)
- 24% first-time grantees (6 of 25, 2025)
- Primary geography
- Illinois (96% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Owen Foundation
- How to Apply
-
The filing instructs applicants to contact Frances Owen for further information. It lists no required form or materials, no deadlines, and no restrictions on awards.
- Contact
Application contact: Frances Owen
Mailing address: 19 Stonebrook Ct, Bloomington, IL 61704
Phone: (309) 826-1141
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Owen Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Illinois State University Foundation ($114K). Together the top 10 received $204K.
Grant Size Distribution
99 grants across all recorded years
The most common grant size was under $50K: 94 grants of 99 (95%).
Geographic Focus
Where this funder awards grants
In filing year 2025, 96% of grant dollars went to recipients in Illinois, 2% to recipients in Massachusetts, and 2% to recipients in Florida.
Grant Distribution by State
Share of 2025 grant dollars across all 25 itemized grants.
Cities
Is The Owen Foundation open to new grantees?
24%
first-time grantees, 2025
In 2025, 6 of 25 grantees (24%) were first-time recipients. First grants averaged $3K; repeat grants $12K. How we count
Medians: $3K first-time, $5K repeat.
- 60% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+10%). Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $174K (2019) to $250K (2025). In 2025 it made 25 grants totaling $250K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Illinois State University Foundation Normal, IL | Educational Purposes | $114,400 |
| Illinois Wesleyan University Bloomington, IL | Educational Purposes | $25,000 |
| University of Illinois Foundation Urbana, IL | Educational Purposes | $25,000 |
| Lifelong Access Normal, IL | Charitable Purposes | $10,000 |
| Big Brother Big Sister of Central IL Bloomington, IL | Charitable Purposes | $5,000 |
| Eureka College Eureka, IL | Educational Purposes | $5,000 |
| International OCD Foundation Boston, MA | Charitable Purposes | $5,000 |
| International Waldenstrom Foundation Sarasota, FL | Charitable Purposes | $5,000 |
| Mid Central Community Action Inc Bloomington, IL | Charitable Purposes | $5,000 |
| Mondo's Mission Inc Bloomington, IL | Charitable Purposes | $5,000 |
Ready to take the next step with The Owen Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,768,340 | $313,288 | $261,350 | $249,850 | 25 | $251,401 | $304,258 | $267,329 |
| 2024 | $2,716,402 | $273,478 | $242,678 | $216,700 | 21 | $218,544 | $181,224 | $251,658 |
| 2023 | $2,685,602 | $336,694 | $235,795 | $219,100 | 20 | $220,283 | $322,268 | $218,090 |
| 2022 | $2,584,703 | $179,404 | $249,623 | $226,500 | 19 | $228,667 | $164,481 | $221,491 |
| 2021 | $2,654,922 | $470,730 | $199,158 | $182,000 | 14 | $183,304 | $256,702 | $228,427 |
| 2020 | $2,383,350 | $112,166 | $190,735 | $177,650 | 16 | — | $100,855 | $182,826 |
| 2019 | $2,461,919 | $126,455 | $188,387 | $173,800 | 19 | — | $115,430 | $180,013 |
Under IRS private-foundation payout rules, The Owen Foundation reported a distributable amount of $267K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants included educational-purpose grants to universities and colleges, as well as charitable-purpose grants to community and other organizations.
The grantees describe their work in varied ways. Illinois State University Foundation says its mission is to elevate Illinois State University through philanthropy. Illinois Wesleyan University describes its aim as providing a liberal arts education and distinctive curricular opportunities. Lifelong Access says it works to break down barriers and provide holistic services to children, teens, and adults. Mid Central Community Action says its mission is to educate, equip, and empower people to achieve healthy relationships, finances, homes, and neighborhoods.
Grantmaking
In filing year 2025, the foundation made 25 grants totaling $249,850. Grants ranged from $450 to $114,400, with a median grant of $5,000.
The largest grants included $114,400 to Illinois State University Foundation for educational purposes, $25,000 each to Illinois Wesleyan University and the University of Illinois Foundation for educational purposes, and $10,000 to Lifelong Access for charitable purposes. Other listed grants included $5,000 each to Big Brother Big Sister of Central IL, Eureka College, International OCD Foundation, International Waldenstrom Foundation, Mid Central Community Action, Mondo’s Mission, Oasis Community Outreach, and The Salvation Army.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Frances Owen as president/treasurer, Brent Alsman as assistant treasurer, Andrea Beyer as vice president, Bradley Beyer as director, and Anastasia Alsman as secretary.
The Owen Foundation is led by Frances M. Owen, President & Treasurer since 2025 (on filings since 2019); none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Frances M. Owen
President & Treasurer
President & T → President & Treasurer, 2025
On filings since 2019
1 hr/week
No compensation reported
Bradley Beyer
Director
On filings since 2019
0.1 hrs/week
No compensation reported
Anastasia M. Alsman
Secretary
On filings since 2019
0.1 hrs/week
No compensation reported
Andrea O. Beyer
Vice President
On filings since 2019
0.2 hrs/week
No compensation reported
Brent R. Alsman
Assistant Treasurer
Assistant Tr → Assistant Treasurer, 2025
On filings since 2019
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Owen Foundation
How much does The Owen Foundation give each year?
The Owen Foundation gave $250K across 25 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $217K across 21 grants.
What is The Owen Foundation's typical grant size?
The Owen Foundation's median grant in 2025 was $5,000, and its average grant was $9,994, across 25 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Owen Foundation that year got $3K on average.
Where does The Owen Foundation give grants?
The Owen Foundation gives mostly in Illinois: 96% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Bloomington, IL (13 grants) and Normal, IL (6 grants).
Who are The Owen Foundation's largest grantees?
The Owen Foundation's largest 2025 grantees include Illinois State University Foundation ($114,400), Illinois Wesleyan University ($25,000) and University of Illinois Foundation ($25,000), according to its 2025 IRS Form 990-PF. Together they received 66% of its itemized 2025 grant dollars.
How large is The Owen Foundation?
The Owen Foundation reported $2.8M in total assets on its 2025 IRS Form 990-PF. It paid out $251K in qualifying distributions that year, against a required minimum of $267K (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 does The Owen Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants included educational-purpose grants to universities and colleges, as well as charitable-purpose grants to community and other organizations. See mission & focus areas ↑
How do I apply for a grant from The Owen Foundation?
The filing instructs applicants to contact Frances Owen for further information. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Owen Foundation's EIN?
The Owen Foundation's EIN (Employer Identification Number) is 37-1335069. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 21, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Owen Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Owen Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/the-owen-foundation-morg_cb7c623f253e4d5dabe6be7d81f283d3
BibTeX
@misc{grantable_371335069_2026,
author = {{Grantable}},
title = {{The Owen Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-owen-foundation-morg_cb7c623f253e4d5dabe6be7d81f283d3},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Owen Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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