The Psalm 241 Foundation Inc
The Psalm 241 Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLUMBIA CITY, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $370K in total assets. In 2024, it awarded 30 grants totaling $185K. Net investment income was $142K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$370K
-9.1% YoY
Annual Giving
$185K
+150.0% YoY
Grant Count
30
+275.0% YoY
Avg Grant Size
$6K
-33.3% YoY
Under IRS private-foundation payout rules, The Psalm 241 Foundation Inc reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.
About The Psalm 241 Foundation Inc
Based on IRS filings
The Psalm 241 Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLUMBIA CITY, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $370K in total assets. In 2024, it awarded 30 grants totaling $185K. Net investment income was $142K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $370,094 | $407,359 | $448,661 |
| Revenue | $150,148 | $36,204 | $18,998 |
| Expenses | $187,415 | $77,513 | $76,478 |
| Qualifying Distributions | $185,000 | $74,511 | $71,646 |
| Net Investment Income | $141,598 | $16,504 | $15,066 |
| Distributable Amount | $23,938 | $22,137 | $23,545 |
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
59 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lakeland Christian Academy ($28,000), Destiny Rescue ($17,000), Rescue Mission ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| RESCUE MISSION FORT WAYNE, IN | OPERATING ASSISTANCE | $10,000 |
| MATTHEW 25 FORT WAYNE, IN | OPERATING ASSISTANCE | $5,000 |
| SALVATION ARMY FORT WAYNE, IN | OPERATING SUPPORT | $2,000 |
| WATER FOR GOOD WINONA LAKE, IN | OPERATING SUPPORT | $10,000 |
| VOICE OF THE MARTYRS BARTLESVILLE, OK | OPERATING SUPPORT | $10,000 |
| MERCY SHIPS GARDEN VALLEY, TX | OPERATING SUPPORT | $3,000 |
| WELLSPRING INTERFAITH SOCIAL SERVICES FORT WAYNE, IN | OPERATING SUPPORT | $5,000 |
| LIGHTHOUSE RECOVERY CENTER FORT WAYNE, IN | OPERATING SUPPORT | $10,000 |
| DESTINY RESCUE FORT WAYNE, IN | OPERATING SUPPORT | $17,000 |
| LAKELAND CHRISTIAN ACADEMY WINONA LAKE, IN | OPERATING SUPPORT | $28,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GARY E ROHRS | PRESIDENT | 1 | — |
| EUNEICE ROHRS | SECRETARY/TREASURER | 1 | — |
| JENNIFER WILSON | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Psalm 241 Foundation Inc?
The Psalm 241 Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLUMBIA CITY, IN. It holds $370K in total assets as of 2024.
How large is The Psalm 241 Foundation Inc?
As of 2024, The Psalm 241 Foundation Inc holds $370K in total assets with $150K in annual revenue. It awarded 30 grants totaling $185K in 2024.
Where does The Psalm 241 Foundation Inc operate?
The Psalm 241 Foundation Inc has awarded grants in Arizona, California, Colorado, Florida, Georgia, Indiana, Michigan, Oklahoma, Texas, Virginia.
What size grants does The Psalm 241 Foundation Inc award?
In 2024, The Psalm 241 Foundation Inc awarded 30 grants totaling $185K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Psalm 241 Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Psalm 241 Foundation Inc reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Psalm 241 Foundation Inc's EIN?
The Psalm 241 Foundation Inc's EIN (Employer Identification Number) is 26-1480049. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Psalm 241 Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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