Willard R and Lucille W Cowan
Willard R and Lucille W Cowan is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JACKSON, MI. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $511K in total assets. In 2024, it awarded 10 grants totaling $80K. Net investment income was $21K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$511K
-12.4% YoY
Annual Giving
$80K
+33.3% YoY
Grant Count
10
+25.0% YoY
Avg Grant Size
$8K
+6.7% YoY
Under IRS private-foundation payout rules, Willard R and Lucille W Cowan reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
About Willard R and Lucille W Cowan
Based on IRS filings
Willard R and Lucille W Cowan is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JACKSON, MI. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $511K in total assets. In 2024, it awarded 10 grants totaling $80K. Net investment income was $21K.
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 | $510,542 | $582,833 | $676,192 |
| Revenue | $14,591 | $14,551 | $49,045 |
| Expenses | $98,793 | $79,341 | $84,148 |
| Qualifying Distributions | $92,925 | $60,000 | $64,874 |
| Net Investment Income | $20,628 | $7,989 | — |
| Distributable Amount | $29,214 | $28,506 | $31,303 |
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
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include MI Theatre of Jackson ($15,000), Jackson YMCA ($10,000), Jackson School of Arts ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MI Theatre of Jackson JACKSON, MI | Capital | $15,000 |
| Purple Rose Theatre CHELSEA, MI | Operations | $5,000 |
| Jackson YMCA JACKSON, MI | Capital | $10,000 |
| Jackson School of Arts JACKSON, MI | Operations | $10,000 |
| Aware Shelter JACKSON, MI | Operations | $5,000 |
| Jackson Inter Shelter JACKSON, MI | Operations | $5,000 |
| Salvation Army-Jackson JACKSON, MI | Operations | $10,000 |
| Jackson Symphony Orch JACKSON, MI | Operations | $5,000 |
| MyPlace JACKSON, MI | Operations | $5,000 |
| Cattle Track Arts SCOTTSDALE, AZ | Operations | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Huntington National Bank | Trustee | 2 | $8,608 |
| Philip J Curtis | Trustee | 2 | $8,277 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Willard R and Lucille W Cowan?
Willard R and Lucille W Cowan is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JACKSON, MI. It holds $511K in total assets as of 2024.
How large is Willard R and Lucille W Cowan?
As of 2024, Willard R and Lucille W Cowan holds $511K in total assets with $15K in annual revenue. It awarded 10 grants totaling $80K in 2024.
Where does Willard R and Lucille W Cowan operate?
Willard R and Lucille W Cowan has awarded grants in Arizona, Michigan.
What size grants does Willard R and Lucille W Cowan award?
In 2024, Willard R and Lucille W Cowan awarded 10 grants totaling $80K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Willard R and Lucille W Cowan required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Willard R and Lucille W Cowan reported a distributable amount of $29K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Willard R and Lucille W Cowan's EIN?
Willard R and Lucille W Cowan's EIN (Employer Identification Number) is 85-6788045. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.