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
Under IRS private-foundation payout rules, Wm Craig and Teneen L Dobbs reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Community Foundation of Elkhart Inc ($750,000), Ball State University Foundation Inc ($105,000), The Children's Theraplay Foundation Inc ($16,200).
| Recipient | Purpose | Amount |
|---|---|---|
| BALL STATE UNIVERSITY FOUNDATION INC MUNCIE, IN | $100,000 TO ATHLETIC DIRECTOR FUND; $5,000 TO DANCE AND THEATER | $105,000 |
| BAUGO COMMUNITY SCHOOLS ELKHART, IN | NEW SCOREBOARD | $7,806 |
| CARMEL FOP LODGE 185 FOUNDATION CARMEL, IN | GENERAL FUND - OPERATIONS | $300 |
| CARPENTERS HELPING HANDS WASHINGTON, DC | GENERAL FUND - OPERATIONS | $15,000 |
| COMMUNITY CANCER RESEARCH FOUNDATION INC MUNSTER, IN | GENERAL FUND - OPERATIONS | $5,000 |
| COMMUNITY FOUNDATION OF ELKHART INC ELKHART, IN | JIMTOWN COMMUNITY CENTER BUILDING FUND | $750,000 |
| HOPEFUL HANDS INC HOWELL, NJ | BREAKING THE STIGMA AROUND MENTAL HEALTH ISSUES | $2,500 |
| INTERNATIONAL GUIDING EYES - GUIDE DOGS OF AMERICA SYLMAR, CA | GENERAL FUND - OPERATIONS | $10,000 |
| LEFTY CLASSIC INC WELLINGTON, FL | GENERAL FUND - OPERATIONS | $10,000 |
| LOCAL 39 EDUCATIONAL SCHOLARSHIP FUND SAN FRANCISCO, CA | GENERAL FUND - OPERATIONS | $12,000 |
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
Frequently Asked Questions
What does Wm Craig and Teneen L Dobbs fund?
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
How do I apply for a grant from Wm Craig and Teneen L Dobbs?
**Recent Grant Activity (2024):** • Total giving: $595,400 to $960,306 (depending on reporting period) • Number of grants: 20 grants awarded in 2024 • Average grant size: Approximately $65 based on historical data • Expense ratio: 54.0% of total revenue **Notable Recent Grants:** • Community Foundation of Elkhart County (CFEC) - $750,000 for Jimtown Community Center Building Fund • Ball State University Foundation - $105,000 ($100,000 to Athletic Director Fund; $5,000 to Dance and Theater) • Th…
Where does Wm Craig and Teneen L Dobbs make 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.
What size grants does Wm Craig and Teneen L Dobbs award?
In 2024, Wm Craig and Teneen L Dobbs awarded 17 grants totaling $957K — an average of about $56K per grant, based on its IRS Form 990 filings.
How much is Wm Craig and Teneen L Dobbs required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wm Craig and Teneen L Dobbs reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wm Craig and Teneen L Dobbs's EIN?
Wm Craig and Teneen L Dobbs's EIN (Employer Identification Number) is 27-6429985. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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