The Stults Foundation Inc

Private foundation · Grantmaker Paoli, IN EIN: 35-2057978

The Stults Foundation Inc is a private foundation, based in Paoli, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.1M in total assets. In 2025, it awarded 1 grant totaling $172K. Net investment income was $548K.

Key facts about The Stults Foundation Inc

In short: The Stults Foundation Inc gave $172K across 1 grant in 2025 (avg $172K), mostly in Louisiana. Source: 2025 IRS Form 990-PF.

EIN
35-2057978
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$172,443
Grants made (2025)
1
Average grant
$172,443
Median grant
$172,443
Total assets
$3,106,654
Primary geography
Louisiana (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$3.1M

+13.5% YoY

Annual Giving

$172K

+16.2% YoY

Grant Count

1

-50.0% YoY

Avg Grant Size

$172K

+132.4% YoY

Under IRS private-foundation payout rules, The Stults Foundation Inc reported a distributable amount of $183K for 2025 — the minimum it must pay out in qualifying distributions.

How The Stults Foundation Inc gives

  • Giving held roughly steady from 2022 to 2025 (+0%). Method
  • In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

8states

Share of the 2025 grant dollars on its one itemized grant.

Cities

LexingtonPaoliCharlotteIndianapolisMemphisRustonBedfordFrench LickHardinsburgHidalgoJacksonvilleMarengoTopekaEnglish

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K6 grants2020 8 grants2021 12 grants2022 3 grants2023 2 grants2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $147K (2020) to $174K (2023). In 2025 it made 1 grant totaling $172K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Argent Foundation: $172KArgent Foundation$172K

The largest 2025 recipient was Argent Foundation ($172K).

Grant Size Distribution

26 grants across all recorded years

23<$50K$50–100K3$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 23 grants of 26 (88%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Argent Foundation Ruston, LACharitable Operations$172,443

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$3,106,654$2,738,230$2,539,364
Revenue$573,616$368,034$100,349
Expenses$205,407$170,058$193,684
Qualifying Distributions$175,017$150,917$176,272
Net Investment Income$548,475$348,898$83,127
Distributable Amount$182,951$175,528$160,826

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)

Leadership & Key People

Officers and directors from IRS filings

The Stults Foundation Inc is led by Marvin K. Stults, President & Treasurer on every filing since 2020; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Marvin K. Stults

    President & Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

  • Connie L. Stults

    Vice President & Secretary

    On filings since 2020

    1 hr/week

    No compensation reported

  • Wesley Stults

    Vice President

    On filings since 2020

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2025. "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 Stults Foundation Inc

How much does The Stults Foundation Inc give each year?

The Stults Foundation Inc gave $172K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $148K across 2 grants.

How large is The Stults Foundation Inc?

The Stults Foundation Inc reported $3.1M in total assets on its 2025 IRS Form 990-PF. It paid out $175K in qualifying distributions that year, against a required minimum of $183K (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.

Where does The Stults Foundation Inc operate?

The Stults Foundation Inc has awarded grants in Florida, Illinois, Indiana, Kansas, Kentucky, Louisiana, North Carolina, Tennessee.

What is The Stults Foundation Inc's EIN?

The Stults Foundation Inc's EIN (Employer Identification Number) is 35-2057978. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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