Walt & Lee Keenihan Foundation Inc
Walt & Lee Keenihan Foundation Inc is a private foundation, based in Sherwood, AR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $922K in total assets. In 2024, it awarded 4 grants totaling $75K. Net investment income was $93K.
Walt & Lee Keenihan Foundation Inc at a glance
In short: Walt & Lee Keenihan Foundation Inc gave $75K across 4 grants in 2024 (avg $19K), mostly in Arkansas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $75,000
- +0.0% vs 2023
- Grants made (2024)
- 4
- -20.0% vs 2023
- Average grant
- $18,750
- +25.0% vs 2023
- Median grant
- $17,500
- Total assets
- $921,580
- +0.2% vs 2023
- Primary geography
- Arkansas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Walt & Lee Keenihan Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Community Connections ($34K). Together the top 4 received $75K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 10 grants of 11 (91%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How Walt & Lee Keenihan Foundation Inc gives
- Giving grew 200% from 2021 to 2024. Method
- In 2024 it paid out 131% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $25K (2021) to $75K (2024). In 2024 it made 4 grants totaling $75K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Connections Conway, AR | Charitable Contribution | $34,000 |
| Beyond Boundaries Ward, AR | Charitable Contribution | $25,000 |
| Access Little Rock, AR | Charitable Contribution | $10,000 |
| RMHC of Arkansas & North Lousiana Little Rock, AR | Charitable Contribution | $6,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $921,580 | $98,287 | $96,362 | $75,000 | 4 | $75,000 | $92,623 | $57,124 |
| 2023 | $919,655 | $21,339 | $95,405 | $75,000 | 5 | $75,000 | $19,067 | $52,665 |
| 2022 | $993,721 | $20,950 | $225,695 | — | — | — | $20,483 | $63,095 |
| 2021 | $1,204,260 | $54,407 | $50,696 | $25,000 | 1 | $25,000 | $48,092 | $67,592 |
| 2020 | $1,200,747 | $78,006 | $65,419 | $50,000 | 1 | — | $72,285 | $57,769 |
Under IRS private-foundation payout rules, Walt & Lee Keenihan Foundation Inc reported a distributable amount of $57K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Walt & Lee Keenihan Foundation Inc is led by Cody Beight, V. President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Cody Beight
V. President
On filings since 2020
0.3 hrs/week
No compensation reported
Stuart McGilvray
President
On filings since 2020
0.3 hrs/week
No compensation reported
Jennifer Franecke
Secretary
On filings since 2020
0.3 hrs/week
No compensation reported
Kelsey Beight
Officer
On filings since 2020
0.3 hrs/week
No compensation reported
Tj Lawhon
Treasurer
On filings since 2020
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Walt & Lee Keenihan Foundation Inc
How much does Walt & Lee Keenihan Foundation Inc give each year?
Walt & Lee Keenihan Foundation Inc gave $75K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $75K across 5 grants.
What is Walt & Lee Keenihan Foundation Inc's typical grant size?
Walt & Lee Keenihan Foundation Inc's median grant in 2024 was $17,500, and its average grant was $18,750, across 4 grants on its 2024 IRS Form 990-PF.
Where does Walt & Lee Keenihan Foundation Inc give grants?
Walt & Lee Keenihan Foundation Inc gives mostly in Arkansas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Little Rock, AR (2 grants).
How large is Walt & Lee Keenihan Foundation Inc?
Walt & Lee Keenihan Foundation Inc reported $922K in total assets on its 2024 IRS Form 990-PF. It paid out $75K in qualifying distributions that year, against a required minimum of $57K (roughly 5% of its investment assets).
What is Walt & Lee Keenihan Foundation Inc's EIN?
Walt & Lee Keenihan Foundation Inc's EIN (Employer Identification Number) is 47-0963364. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 7, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Walt & Lee Keenihan Foundation Inc funds
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