Will Barnet Foundation Inc
Will Barnet Foundation Inc is a private foundation, based in Sebasco Estates, ME. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.0M in total assets. In 2025, it awarded 3 grants totaling $35K. Net investment income was $42K.
Will Barnet Foundation Inc at a glance
In short: Will Barnet Foundation Inc gave $35K across 3 grants in 2025 (avg $12K), mostly in District of Columbia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $35,000
- +16.7% vs 2024
- Grants made (2025)
- 3
- +50.0% vs 2024
- Average grant
- $11,667
- -22.2% vs 2024
- Median grant
- $5,000
- Total assets
- $1,048,426
- -2.6% vs 2024
- Primary geography
- District of Columbia (71% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Will Barnet Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Smithsonian American Art Museum ($25K). Together the top 3 received $35K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 11 grants of 11 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Will Barnet Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+8%). Method
- In 2025 it paid out 179% 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 2019 to 2025, annual grant giving ranged from $30K (2023) to $40K (2020). In 2025 it made 3 grants totaling $35K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Smithsonian American Art Museum Washington, DC | General Operation | $25,000 |
| Portland Museum of Art Portland, ME | General Operation | $5,000 |
| Farnsworth Art Museum Rockland, ME | General Operation | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,048,426 | $44,517 | $54,523 | $35,000 | 3 | $52,408 | $42,402 | $29,225 |
| 2024 | $1,075,888 | $10,835 | $50,990 | $30,000 | 2 | $48,849 | $11,328 | $29,754 |
| 2023 | $1,106,118 | $-11,935 | $49,783 | $30,000 | 2 | $47,028 | $11,936 | $24,891 |
| 2022 | $1,158,799 | $66,651 | $55,218 | $32,500 | 2 | $52,199 | $64,316 | $29,979 |
| 2021 | $1,170,822 | $51,787 | $50,069 | $32,500 | 2 | — | $49,966 | $33,177 |
| 2020 | $1,158,673 | $-4,518 | $55,964 | $39,500 | 4 | — | $7,460 | $31,433 |
| 2019 | $1,208,101 | $34,728 | $47,491 | $32,500 | 2 | — | $31,367 | $32,118 |
Under IRS private-foundation payout rules, Will Barnet Foundation Inc reported a distributable amount of $29K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Will Barnet Foundation Inc's 2025 filing lists 5 officers; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Chris Crosman
Trustee
On filings since 2019
No compensation reported
Will Porta
Trustee
On filings since 2019
No compensation reported
Bennet H. Grutman
Treasurer
On filings since 2019
No compensation reported
Elysse A. Porta
Vice President
On filings since 2019
No compensation reported
Ona Barnet
Presdient
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Will Barnet Foundation Inc
How much does Will Barnet Foundation Inc give each year?
Will Barnet Foundation Inc gave $35K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $30K across 2 grants.
What is Will Barnet Foundation Inc's typical grant size?
Will Barnet Foundation Inc's median grant in 2025 was $5,000, and its average grant was $11,667, across 3 grants on its 2025 IRS Form 990-PF.
Where does Will Barnet Foundation Inc give grants?
Will Barnet Foundation Inc gives mostly in District of Columbia: 71% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Maine (29%).
Does Will Barnet Foundation Inc give general operating support?
Yes: 100% of Will Barnet Foundation Inc's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Will Barnet Foundation Inc?
Will Barnet Foundation Inc reported $1.0M in total assets on its 2025 IRS Form 990-PF. It paid out $52K in qualifying distributions that year, against a required minimum of $29K (roughly 5% of its investment assets).
What is Will Barnet Foundation Inc's EIN?
Will Barnet Foundation Inc's EIN (Employer Identification Number) is 45-2280518. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS February 12, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS January 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 20, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS January 27, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 30, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 4, 2026)
- IRS filings on file for fiscal years 2019–2025
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