Walt & Lee Keenihan Foundation Inc

Private foundation · Grantmaker Sherwood, AR EIN: 47-0963364

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.

Key facts about Walt & Lee Keenihan Foundation Inc

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.

EIN
47-0963364
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$75,000
Grants made (2024)
4
Average grant
$18,750
Median grant
$17,500
Total assets
$921,580
Primary geography
Arkansas (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$922K

+0.2% YoY

Annual Giving

$75K

+0.0% YoY

Grant Count

4

-20.0% YoY

Avg Grant Size

$19K

+25.0% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 4 itemized grants.

States

Cities

Little RockWardConwaySherwood

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K1 grant2020 1 grant2021 0 grants2022 5 grants2023 4 grants2024

From 2020 to 2024, annual grant giving ranged from $25K (2021) to $75K (2024). In 2024 it made 4 grants totaling $75K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Community Connections: $34KCommunity Connections$34KBeyond Boundaries: $25KBeyond Boundaries$25KAccess: $10KAccess$10KRMHC of Arkansas & North Lousiana: $6KRMHC of Arkansas & NorthLousiana$6K

The largest 2024 recipient was Community Connections ($34K). Together the top 4 received $75K.

Grant Size Distribution

11 grants across all recorded years

10<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 10 grants of 11 (91%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Community Connections Conway, ARCharitable Contribution$34,000
Beyond Boundaries Ward, ARCharitable Contribution$25,000
Access Little Rock, ARCharitable Contribution$10,000
RMHC of Arkansas & North Lousiana Little Rock, ARCharitable Contribution$6,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$921,580$919,655$993,721
Revenue$98,287$21,339$20,950
Expenses$96,362$95,405$225,695
Qualifying Distributions$75,000$75,000—
Net Investment Income$92,623$19,067$20,483
Distributable Amount$57,124$52,665$63,095

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 September 14, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 7, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 13, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
  6. IRS filings on file for fiscal years 2020–2024

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.

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