The WM Craig and Teneen L Dobbs Charitable Foundation is a private grantmaking foundation established in 2010 and based in Carmel, Indiana. The foundation operates as a 501(c)(3) charitable organization and focuses on supporting a diverse range of causes including arts and culture, education, and human services across multiple U.S. locations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15K
-70.5% YoY
Annual Giving
$957K
+60.8% YoY
Grant Count
17
-15.0% YoY
Avg Grant Size
$56K
+89.1% YoY
Mission & Focus Areas
The foundation supports religious, scientific, literary, and educational causes. Primary funding areas include:
- Arts and culture
- Education
- Human services
- Athletic programs and facilities
- Community development projects
Grantmaking
The foundation has supported initiatives including the "Raising the Bar" campaign, men's basketball travel programs, and the "Field of Dreams" project focused on baseball field construction.
Grant Range
Approximately $65 based on historical data
Average Grant
Approximately $65 based on historical data
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Geographic Focus
Where this funder awards grants
The foundation supports organizations and projects across multiple U.S. states and cities, including:
- California
- Florida
- Illinois
- Indiana (primary focus, particularly Carmel area)
- Maryland
- Massachusetts
- Minnesota
- New York
- Tennessee
Specific cities receiving support include Baltimore, Carmel, Chattanooga, and San Francisco.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total assets: $14,751 to $147,414 (depending on reporting period)
- Total revenues: $925,125
- Total expenses: $960,306
- Annual grants awarded: $313,000 to $595,400
Historical Assets:
- 2023: $49,900
- 2013: $5,589 to $95,613
Number of Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $14,751 | $49,932 | $161,197 |
| Revenue | $925,125 | $500,085 | $323,683 |
| Expenses | $960,306 | $611,350 | $314,900 |
| Qualifying Distributions | $959,986 | $610,925 | $314,900 |
| Net Investment Income | — | — | $33 |
| Distributable Amount | $4,615 | $2,088 | $2,485 |
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
88 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
WM Craig Dobbs - Founder and Trustee
- Head of The Dobbs Group
- Institutional consulting director at Graystone Consulting (a business unit of Morgan Stanley)
- Ball State University Board of Trustees member (joined 2024), serving as chair of the Employee Development and Wellbeing committee
- Ball State alumnus (Bachelor's degree in Finance, 1986; MBA from Notre Dame)
- Over 35 years of experience as an institutional investment consultant
- Recipient of Ball State's President's Medal of Distinction (2022)
- Inducted into Miller College of Business Hall of Fame (2022)
- 2021 Ball State University Theatre and Dance CRAFT Award recipient
- MCOB Award of Distinction recipient (2018)
Teneen L Dobbs - Founder and Trustee
- Co-founder of the charitable foundation
- Serves on foundation without compensation
Both trustees serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM CRAIG DOBBS | TRUSTEE | 0.1 | — |
| TENEEN L DOBBS | TRUSTEE | 0.1 | — |
| KASSIE DOBBS O'MALLEY | TRUSTEE | 1.5 | — |
Recent News & Activity
Recent developments and announcements
WM Craig Dobbs was appointed to Ball State University's Board of Trustees in 2024 by the Governor
Governor Appoints Wm. Craig Dobbs to Ball State\u2019s Board of Trustees,\The foundation made a significant $750,000 grant to the Community Foundation of Elkhart County in 2024 for the Jimtown Community Center Building Fund, supporting the revival of a historic gymnasium
Jimtown Community Spirit Revives Historic Gym - Indiana LandmarksThe foundation continues active grantmaking with 20 grants awarded in the most recent reporting year
The foundation also established the Children's TherAplay Foundation in 2001
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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