The Payne Foundation
The Payne Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Huntsville, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $216K in total assets. In 2024, it awarded 3 grants totaling $8K. Net investment income was $182K.
Key facts about The Payne Foundation
- EIN
- 83-4454333
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $7,500
- Grants made (2024)
- 3
- Average grant
- $2,500
- Median grant
- $2,000
- Total assets
- $216,425
- Primary geography
- Alabama (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Payne Foundation funds
By grant dollars, the top recipient states for The Payne Foundation's 3 itemized 2024 grants were Alabama (100%). None of its 3 grants with a stated purpose were described as general or operating support.
How The Payne Foundation gives
- Giving fell 25% from 2021 to 2024. Method
- In 2024 it paid out 103% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Payne Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$216K
+422.6% YoY
Annual Giving
$8K
+0.0% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$3K
+0.0% YoY
Under IRS private-foundation payout rules, The Payne Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
About The Payne Foundation
Based on IRS filings
The Payne Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Huntsville, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $216K in total assets. In 2024, it awarded 3 grants totaling $8K. Net investment income was $182K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $216,425 | $41,415 | $47,627 |
| Revenue | — | — | $-1,826 |
| Expenses | $7,500 | $7,500 | $11,024 |
| Qualifying Distributions | $7,500 | $7,500 | $10,000 |
| Net Investment Income | $182,299 | $738 | $796 |
| Distributable Amount | $7,293 | $7,205 | $7,135 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Best Life Recovery ($4,000), Life Source ($2,000), Unbound Grace Ministries ($1,500).
| Recipient | Purpose | Amount |
|---|---|---|
| BEST LIFE RECOVERY Huntsville, AL | The grant will benefitwomen with a homerecovering from addiction | $4,000 |
| LIFE SOURCE Decatur, AL | The grant will assistwith inpatient drugaddiction. | $2,000 |
| UNBOUND GRACE MINISTRIES Vestavia Hills, AL | The grant will provide counselingdiscipleship and communityfor persons with addiction. | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| George H Payne | Chairman | 1 | — |
| Danah White | Secretary | 1 | — |
| Burton H Payne | Director | — | — |
| Samuel H Givhan | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Payne Foundation?
The Payne Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Huntsville, AL. It holds $216K in total assets as of 2024.
How large is The Payne Foundation?
As of 2024, The Payne Foundation holds $216K in total assets. It awarded 3 grants totaling $8K in 2024.
Where does The Payne Foundation operate?
The Payne Foundation has awarded grants in Alabama.
What size grants does The Payne Foundation award?
In 2024, The Payne Foundation awarded 3 grants totaling $8K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Payne Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Payne Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Payne Foundation's EIN?
The Payne Foundation's EIN (Employer Identification Number) is 83-4454333. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.