Also known as: C/O FOUNDATION MANAGEMENT INC
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Browning - Kimball Foundation is a private corporation based in OKLAHOMA CITY, OK. The foundation received its IRS ruling in 1981. The principal officer is Foundation Management Inc.. It holds total assets of $29.3M. Annual income is reported at $8.4M. Total assets have grown from $15.3M in 2011 to $27.4M in 2023. The foundation is governed by 6 officers and trustees. Tax records are available from 2015 to 2023. The foundation primarily funds organizations in Montana and Oklahoma. According to available records, Browning - Kimball Foundation has made 221 grants totaling $4.2M, with a median grant of $10K. The foundation has distributed between $1M and $1.1M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $1.1M distributed across 67 grants. Individual grants have ranged from $500 to $336K, with an average award of $19K. The foundation has supported 96 unique organizations. The foundation primarily supports organizations in Montana, Oklahoma, Washington, which account for 90% of all grants. Grantmaking reaches organizations across 11 states. Contributions to this foundation are tax-deductible.
The Browning Kimball Foundation is a family-governed private foundation with a clear regional identity rooted in Central Montana, despite its administrative address in Oklahoma City (c/o Foundation Management Inc., 1024 E. Britton Rd., Suite 200). Founded in 1978 by Matt S. Browning and Barbara Kimball Browning, the foundation is now governed entirely by the Cowan family — President William B. Cowan alongside directors Barbara Cowan, Michelle Cowan, William Cowan, Brett Huestis, and Lisa Cowan Huestis — all serving without compensation. This all-volunteer, all-family board means funding decisions are personal and relationship-informed rather than staff-driven. There are no professional program officers to lobby; credibility is earned through demonstrated community ties.
The foundation's giving philosophy centers on improving quality of life in Montana through four primary lenses: youth and families, sustainable agriculture, health (with a prevention emphasis), and arts and humanities. The grantee record affirms this: top cumulative recipients include the C.M. Russell Museum ($1.11M over 5 grants), Special K Ranch ($228K over 9 grants), Montana FFA Foundation ($100K over 4 grants), Montana State University Foundation ($126K for the Bearpaw Excellence in Agriculture Scholarship), and Bear Paw Volunteer Fire Department ($91K over 6 grants). This portfolio spans Western art preservation, rural disability services, agricultural education, and community infrastructure — and its geographic center of gravity is clearly the Hi-Line (Havre/Hill County area) and Great Falls.
First-time applicants should understand this is a relationship-oriented funder that rewards local embeddedness and multi-year engagement. The 4-year successive grant limitation is explicit policy, but the grantee list includes organizations that have returned in separate multi-year cycles, suggesting the board is open to re-engagement after a gap. Do not position the foundation as a permanent funder — build the narrative around a defined phase of work with clear milestones and a post-grant independence plan.
The two-step pathway (LOI by March 1, full application by July 15) is relatively formal for a foundation of this size, reflecting the professionalism introduced by Foundation Management Inc. However, a Montana-based program contact (Emily Brunelle, 406-781-9413) provides a human relationship entry point. A brief pre-LOI call to confirm fit is strategically valuable and demonstrates the community-level engagement the board values. Organizations outside Central Montana's core counties should explicitly address the regional preference and frame their beneficiary population in relation to communities the board knows.
The Browning Kimball Foundation has maintained consistent annual giving between $1.0M and $1.5M over the past decade, closely tracking its investment income. Grants paid totaled $896,373 in 2019, rose to $1.02M in 2020, $1.02M in 2021, $1.12M in 2022, and $1.01M in 2023, with total charitable disbursements reaching $1.15M in 2024. Total assets have grown from $24.6M (2019) to $29.3M (2024), reflecting solid portfolio appreciation. Revenue is entirely investment-driven — dividends ($552K in 2024), asset sales ($791K), and interest ($256K) — with zero contributed revenue. This means asset market performance directly sets the foundation's grantmaking ceiling.
Individual grant sizes span a wide range. The typical grant size field records a median award of $10,000, an average of $18,247, and a maximum of $250,000. In practice, most grants cluster between $10,000 and $30,000, with select multi-year relationships producing cumulative totals exceeding $100,000. The C.M. Russell Museum is an outlier at $1.11M cumulative — a signature arts investment reflecting personal board connection to Western art. The database records 221 total grants totaling $4.17M in the sample, with an average per-grant amount of $18,853.
Geographically, Montana dominates overwhelmingly: 169 of 221 grants (76%) went to Montana organizations. Oklahoma received 25 grants (11%), likely reflecting Oklahoma City family and community ties through the Cowan family's base there. The remaining 13% is scattered across Illinois, Washington, Pennsylvania, Arizona, Alabama, Texas, California, and Utah.
By program area in 2025, agriculture led at $239,737 across 7 organizations, followed by human services at $184,100, community development at $125,000, education at $50,000, children and families at $40,000, arts and culture at $39,348, and health and wellness at $37,000. The foundation funds both general operating support (e.g., Saint Dominic Savio Academy, $120K over 4 grants; Oak Hall Episcopal School, $135K over 7 grants for annual operational budgets) and specific projects (Bearpaw Excellence in Agriculture Scholarship, fire hall construction, clinic equipment purchases). Both models are viable; multi-year operating support is available for well-established grantees.
The following table compares the Browning Kimball Foundation to four peer funders active in Montana and the Northern Plains region. Asset and giving figures are approximate, drawn from publicly available IRS 990 filings via ProPublica and Candid.
| Foundation | Assets (approx.) | Annual Giving | Primary Focus | Application |
|---|---|---|---|---|
| Browning Kimball Foundation | $29M | $1.0–1.3M | Youth, agriculture, arts (Central MT) | LOI March 1; App July 15 |
| Treacy Foundation | ~$45M | ~$1.5–2M | Education, social services (MT/WY/ND) | Annual cycle, primarily invited |
| Montana Community Foundation | ~$200M+ | ~$5M+ | All sectors, statewide Montana | Open competitive, multiple programs |
| M.J. Murdock Charitable Trust | ~$1B+ | ~$40M+ | Science, education, faith (Pacific NW incl. MT) | Open; two-step LOI + full proposal |
| Dennis & Phyllis Washington Fdn | ~$100M+ | ~$3–5M | Education, community dev (MT) | Primarily invited, Montana focus |
The Browning Kimball Foundation occupies a distinctive niche: it is smaller than the Washington Foundation and Murdock Trust but more geographically focused and accessible than either. Its LOI/application cycle is competitive-open rather than invitation-only, giving Montana nonprofits a realistic pathway. Compared to the Montana Community Foundation, which distributes far more but across the entire state, Browning Kimball offers a Central Montana-specific opportunity with a personal family board likely to recognize community names. Organizations that have been declined by Murdock (which prioritizes Pacific Northwest over Montana) or find Montana Community Foundation's process unwieldy should view Browning Kimball as a well-matched alternative for Central Montana work.
No major leadership changes or new program announcements were identified in public sources for 2025–2026. The board has remained entirely composed of the Cowan family across multiple 990 filing cycles, indicating strong continuity in giving philosophy. William B. Cowan continues as President; no retirement or succession signals have been reported.
The 2026 grantmaking cycle opened on schedule January 1, 2026, with the standard timeline (LOI March 1, full application July 15, board September, awards October). This is consistent with prior years and suggests no operational disruption.
In 2025, agriculture ($239,737) and human services ($184,100) led disbursements. The Montana FFA Foundation received continued multi-year support for its EMERGE Education Project and Helping Hands Chapter Funding. Montana State University Foundation received support for the Bearpaw Excellence in Agriculture Scholarship — a named scholarship suggesting a legacy giving commitment from the Browning family era.
The C.M. Russell Museum in Great Falls has been the foundation's largest long-term grantee relationship, with $1.11M cumulative across the Art & Soul Campaign, Browning Firearms Exhibit, and general museum operations — five grants over multiple years. This suggests deep personal connection between the Cowan/Browning family and Western art collecting and preservation. No new signature capital campaigns or program area expansions were announced. The foundation has not moved to expand its Oklahoma City grantmaking significantly; Montana remains the clear primary giving geography with ~76% of historical grant volume.
Lead with Central Montana geography in the first paragraph of your LOI. The foundation explicitly states preference for Central Montana nonprofits. Name specific counties and communities (Hill, Cascade, Blaine, Chouteau, Fergus) in your opening. If your work crosses regions, anchor the Central Montana impact first before describing statewide reach.
Contact the Montana program liaison before the March 1 LOI deadline. Emily Brunelle (406-781-9413, emilybrunelle17@gmail.com) is the in-state program contact with direct board relationships. A 10-minute phone call to confirm organizational fit and discuss the project can prevent weeks of work on a misdirected application and signals the community-level engagement the board values. The Oklahoma City office (kblakley@fmiokc.com, 405-755-5571) handles portal and administrative questions only.
Frame your request around agriculture, youth/families, or health — or their intersection. The 2025 portfolio shows agriculture at $239,737, human services at $184,100, and community development at $125,000. Applications that bridge categories the board cares about most — for example, youth agricultural education, or health access for rural ranching families — align most powerfully with the foundation's identity. Avoid leading with environmental advocacy or policy work, which does not appear in the grantee record.
Use the foundation's exact language. The foundation describes its mission as "enhancing the quality of life in Montana" and identifying organizations that "improve the quality of living for people and communities throughout Montana." Use this framing in your narrative. The board responds to community-level, place-based impact language over systemic or social justice framing.
Request $10,000–$25,000 for a first grant. Median is $10,000, average $18,247. First-time grantees should not anchor at the top of the range. If your project needs more, frame the foundation's contribution as one part of a diversified funding portfolio — this also addresses the 4-year cap concern.
Build an explicit post-grant sustainability plan. The 4-year limit is non-negotiable. Your application must explain what sustains the work after the grant period ends — additional funders named, earned revenue projections, or community fundraising commitments. Boards that see credible independence plans are more confident making the initial investment.
Avoid multi-year requests in your first application. Establish credibility with a one-year, deliverable-clear request. The grantee list shows multi-year patterns emerge after an initial single-year grant is successfully reported.
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Smallest Grant
$1K
Median Grant
$10K
Average Grant
$18K
Largest Grant
$250K
Based on 56 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
The Browning Kimball Foundation has maintained consistent annual giving between $1.0M and $1.5M over the past decade, closely tracking its investment income. Grants paid totaled $896,373 in 2019, rose to $1.02M in 2020, $1.02M in 2021, $1.12M in 2022, and $1.01M in 2023, with total charitable disbursements reaching $1.15M in 2024. Total assets have grown from $24.6M (2019) to $29.3M (2024), reflecting solid portfolio appreciation. Revenue is entirely investment-driven — dividends ($552K in 2024).
Browning - Kimball Foundation has distributed a total of $4.2M across 221 grants. The median grant size is $10K, with an average of $19K. Individual grants have ranged from $500 to $336K.
The Browning Kimball Foundation is a family-governed private foundation with a clear regional identity rooted in Central Montana, despite its administrative address in Oklahoma City (c/o Foundation Management Inc., 1024 E. Britton Rd., Suite 200). Founded in 1978 by Matt S. Browning and Barbara Kimball Browning, the foundation is now governed entirely by the Cowan family — President William B. Cowan alongside directors Barbara Cowan, Michelle Cowan, William Cowan, Brett Huestis, and Lisa Cowan H.
Browning - Kimball Foundation is headquartered in OKLAHOMA CITY, OK. While based in OK, the foundation distributes grants to organizations across 11 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michelle Cowan | DIRECTOR | $0 | $0 | N/A |
| William Cowan | DIRECTOR | $0 | $0 | N/A |
| William B Cowan | PRESIDENT | $0 | $0 | N/A |
| Brett Huestis | DIRECTOR | $0 | $0 | N/A |
| Lisa Cowan Huestis | DIRECTOR | $0 | $0 | N/A |
| Barbara Cowan | DIRECTOR | $0 | $0 | N/A |
Total Giving
$1.3M
Total Assets
$27.4M
Fair Market Value
$27.4M
Net Worth
$27.4M
Grants Paid
$1M
Contributions
N/A
Net Investment Income
$1.4M
Distribution Amount
$1.3M
Total: $20.5M
Total Grants
221
Total Giving
$4.2M
Average Grant
$19K
Median Grant
$10K
Unique Recipients
96
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Operation WarmNEW COATS & SHOES FOR GREAT FALLS CH | Philadelphia, PA | $10K | 2023 |
| Cm Russell MuseumBROWNING FIREARMS EXHIBIT | Great Falls, MT | $336K | 2023 |
| The Producer Partnership IncDONATE FOR A DIFFERENCE | Livingston, MT | $50K | 2023 |
| Special K Ranch2023 TUITION SUPPORT | Columbus, MT | $46K | 2023 |
| Montana State University FoundationBEARPAW EXCELLENCE IN AGRICULTURE SC | Bozeman, MT | $32K | 2023 |
| Montana Ffa FoundationHELPING HANDS CHAPTER FUNDING | Lewistown, MT | $30K | 2023 |
| St Mary Catholic ChurchUNRESTRICTED SUPPORT | Box Elder, MT | $30K | 2023 |
| Neighborhood Housing Services IncHIGH SCHOOL HOUSE 2023-2024 | Great Falls, MT | $25K | 2023 |
| Rural Montana FoundationSAVE THE COWBOY | Roy, MT | $25K | 2023 |
| Town Of Big Sandynew Pool CommitteUNRESTRICTED SUPPORT | Big Sandy, MT | $25K | 2023 |
| Montana Historical SocietyMONTANA HERITAGE CENTER CATERING KIT | Helena, MT | $25K | 2023 |
| Montana School For The Deaf And BliNEW MSDB MUSTANG CENTER STAGE | Great Falls, MT | $25K | 2023 |
| Boys & Girls Club Of The Hi-LineHEALTH AND LIFE SKILLS PROGRAM | Havre, MT | $22K | 2023 |
| Western Sustainability ExchangeREGENERATIVE RANCHING PROGRAM | Livingston, MT | $20K | 2023 |
| AwareGENERAL OPERATIONS SUPPORT | Anaconda, MT | $20K | 2023 |
| Great Falls Clinic Legacy Foundatio2023 SUSTAINABILITY | Great Falls, MT | $20K | 2023 |
| Access UnlimitedACCESS UNLIMITED | Bozeman, MT | $20K | 2023 |
| Hudson David Mcneel FoundationWALLABY'S WARMTH | Issaquah, WA | $20K | 2023 |
| Saint Dominic Savio Academy IncGENERAL OPERATIONS SUPPORT | Chandler, AZ | $20K | 2023 |
| Big Sky Youth Empowerment Project IGENERAL OPERATIONS SUPPORT | Bozeman, MT | $20K | 2023 |
| Great Falls Children'S Receiving HoSPECIFIC ASSISTANCE TO CHILDREN | Great Falls, MT | $16K | 2023 |
| Montana Food Bank NetworkMAIL-A-MAIL - FEEDING RURAL MONTANAN | Missoula, MT | $15K | 2023 |
| Community Youth Services Of SoutherUNRESTRICTED SUPPORT | Ardmore, OK | $14K | 2023 |
| Casa-CanUNRESTRICTED SUPPORT | Great Falls, MT | $14K | 2023 |
| Red Ants Pants FoundationGIRLS LEADERSHIP PROGRAM AND ALUMNAE | White Sulphur Springs, MT | $11K | 2023 |
| Great Falls Rescue MissionGREAT FALLS RESCUE MISSION | Great Falls, MT | $10K | 2023 |
| American National Cattlewomen IncCOLLEGIATE BEEF ADVOCACY PROGRAM | St Cloud, FL | $10K | 2023 |
| Ywca Great FallsWOMEN EMPOWERMENT PROJECT | Great Falls, MT | $10K | 2023 |
| Peace PlacePEACE PLACE GROWTH AND EXPANSION | Great Falls, MT | $10K | 2023 |
| Florence Crittenton Home & ServicesFLORENCE CRITTENTON'S RESIDENTIAL SE | Helena, MT | $8K | 2023 |
| Oklahoma Heart Hospital Research FoIN SUPPORT OF DR. TOM HENNEBRY | Oklahoma City, OK | $8K | 2023 |
| Havre Beneath The StreetsincFRANK DEROSEA RAILWAY MUSEUM | Havre, MT | $5K | 2023 |
| Big Brothers Big Sisters Of CentralPROGRAM EXPANSION | Helena, MT | $5K | 2023 |
| Alliance For Youth IncYOUTH RESOURCE CENTER | Great Falls, MT | $5K | 2023 |
| One MontanaMONTANA MASTER HUNTER PROGRAM | Bozeman, MT | $5K | 2023 |
| Bear Paw Volunteer Fire DeptIN SUPPORT OF CHALLENGE GRANT FOR A | Havre, MT | $5K | 2023 |
| Box Elder Volunteer Fire DepartmentUNRESTRICTED SUPPORT | Havre, MT | $3K | 2023 |
| Great Falls Senior CenterAFFORDABLE MEALS PROGRAM | Great Falls, MT | $3K | 2023 |
| Food And Resource Center Of South CUNRESTRICTED SUPPORT | Ardmore, OK | $2K | 2023 |
| Aggieland Humane SocietyUNRESTRICTED SUPPORT | Bryan, TX | $1K | 2023 |
| Golden Circle Of ChampionsUNRESTRICTED SUPPORT | Santa Maria, CA | $1K | 2023 |
| Hudson David Mcneel Memorial FundFIRE AND ICE | Issaquah, WA | $55K | 2022 |
| Producer Partnership IncPRODUCERS FEEDING MONTANANS IN NEED | Livingston, MT | $50K | 2022 |
TULSA, OK
ARDMORE, OK
OKLAHOMA CITY, OK