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Fain Foundation is a private corporation based in WICHITA FALLS, TX. The foundation received its IRS ruling in 1943. It holds total assets of $7.7M. Annual income is reported at $3.5M. The foundation is governed by 5 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Texas. According to available records, Fain Foundation has made 242 grants totaling $4M, with a median grant of $10K. The foundation has distributed between $1.1M and $1.5M annually from 2020 to 2023. Individual grants have ranged from $1K to $750K, with an average award of $16K. The foundation has supported 96 unique organizations. Grants have been distributed to organizations in Texas and Oklahoma. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$8K
Average Grant
$21K
Largest Grant
$750K
Based on 70 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.
Fain Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 242 grants. Its grantmaking reaches organizations primarily in TX, OK.
Fain Foundation has distributed a total of $4M across 242 grants. The median grant size is $10K, with an average of $16K. Individual grants have ranged from $1K to $750K.
Fain Foundation typically selects its grantees rather than accepting unsolicited proposals.
Fain Foundation is headquartered in WICHITA FALLS, TX. While based in TX, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Martha Fain | President, Treasurer & Director | $24K | $0 | $24K |
| Mac W Cannedy Jr | Vice-President, Sec. & Director | $24K | $0 | $24K |
| Dennis D Cannedy | Director | $24K | $0 | $24K |
| Ann Kelly | Director | $24K | $0 | $24K |
| John M Kelly | Director | $24K | $0 | $24K |
Total Giving
$1.6M
Total Assets
$8.3M
Fair Market Value
$13.3M
Net Worth
$8.3M
Grants Paid
$1.4M
Contributions
N/A
Net Investment Income
$1.5M
Distribution Amount
$618K
Total: $6.2M
Total Grants
242
Total Giving
$4M
Average Grant
$16K
Median Grant
$10K
Unique Recipients
96
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Big Brothers Big SistersOperating Budget | Irving, TX | $35K | 2023 |
| Straight StreetSecurity Officers | Wichita Falls, TX | $13K | 2023 |
| The CenterOperating Budget | Wichita Falls, TX | $10K | 2023 |
| New HorizonsTherapeutic Treatment | Abilene, TX | $10K | 2023 |
| Boys & Girls Clubs Of Wichita FallsPledge - Capital Improvements | Wichita Falls, TX | $250K | 2023 |
| Wichita Falls IsdPledge - Auditoriums | Wichita Falls, TX | $125K | 2023 |
| Camp Fire North TexasOperating Budget | Wichita Falls, TX | $75K | 2023 |
| Art'S Council Wichita Falls Area Kemp Center For The ArtsOperating Budget | Wichita Falls, TX | $50K | 2023 |
| All Hands Cultural Comnty CtrVirtual Instruction | Wichita Falls, TX | $33K | 2023 |
| Peyton'S ProjectSpurs & Pearls Fundraiser | Wichita Falls, TX | $25K | 2023 |
| Pets ClinicX-ray Machine | Wichita Falls, TX | $25K | 2023 |
| River Bend Nature CenterOperating Budget | Wichita Falls, TX | $25K | 2023 |
| Downtown Wichita Falls DevelopmentOperating Budget | Wichita Falls, TX | $25K | 2023 |
| Wichita Falls Area Food BankPower Paks 4 Kids | Wichita Falls, TX | $25K | 2023 |
| Titus OutreachSMART Athletics | Wichita Falls, TX | $25K | 2023 |
| Rathgeber Hospitality HouseOperating Budget | Wichita Falls, TX | $20K | 2023 |
| Hands To Hands Community FundOperating Budget | Wichita Falls, TX | $20K | 2023 |
| The KitchenMeals on Wheels | Wichita Falls, TX | $20K | 2023 |
| Zavala Hispanic Cultural InitiativeOperating Budget | Wichita Falls, TX | $20K | 2023 |
| Christ Counseling MinistryOperating Budget | Wichita Falls, TX | $20K | 2023 |
| Midwestern State UniversityWF Museum & Art Center | Wichita Falls, TX | $18K | 2023 |
| Wichita Falls Symphony OrchestraSponsorship | Wichita Falls, TX | $15K | 2023 |
| Sheppard Military AffairsOperating Budget | Wichita Falls, TX | $15K | 2023 |
| Boys & Girls Clubs Of BurkburnettSummer Program | Burkburnett, TX | $15K | 2023 |
| Boys & Girls Clubs Of VernonOperating Budget | Vernon, TX | $15K | 2023 |
| Wichita Falls Alliance For Arts & CultureOperating Budget | Wichita Falls, TX | $15K | 2023 |
| Wichita Falls Faith MissionOperating Budget | Wichita Falls, TX | $15K | 2023 |
| Texas Family InitiativeConstruction Costs | Wichita Falls, TX | $13K | 2023 |
| Boys Scouts Of America Nw Tx CouncilCamp Perkins | Wichita Falls, TX | $12K | 2023 |
| Wichita Falls Area Community FoundationTexoma Gives | Wichita Falls, TX | $12K | 2023 |
| Wichita Falls Adult Literacy CouncilOperating Budget | Wichita Falls, TX | $10K | 2023 |
| Catholic Charities Fort WorthEducational Navigation | Fort Worth, TX | $10K | 2023 |
| Wichita Falls Art AssociationArt Battle | Wichita Falls, TX | $10K | 2023 |
| United Regional FoundationHeart of the Community | Wichita Falls, TX | $10K | 2023 |
| Beacon Lighthouse IncEquipment | Wichita Falls, TX | $10K | 2023 |
| Child Advocates - Casa Of Red RiverOperating Budget | Wichita Falls, TX | $10K | 2023 |
| Inheritance AdoptionsOperating Budget | Wichita Falls, TX | $10K | 2023 |
| Fellowship Of Christian AthletesOperating Budget | Wichita Falls, TX | $10K | 2023 |
| First Step IncRepairs | Wichita Falls, TX | $10K | 2023 |
| Friendly Door Senior CenterOperating Budget | Iowa Park, TX | $10K | 2023 |
| Presbyterian Children'S HomeFoster Care - Wichita Falls | Austin, TX | $10K | 2023 |
| Museum Of North Texas HistoryOperating Budget | Wichita Falls, TX | $10K | 2023 |
| United Way North Texas AreaPrograms | Wichita Falls, TX | $10K | 2023 |
| Christmas In ActionOperating Budget | Wichita Falls, TX | $8K | 2023 |
| Wichita Falls Ballet TheatreOperating Budget | Wichita Falls, TX | $7K | 2023 |