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Payne Fund Inc. is a private corporation based in CLEVELAND, OH. The foundation received its IRS ruling in 1930. The principal officer is % Charles P Bolton. It holds total assets of $3.3M. Annual income is reported at $1M. According to available records, Payne Fund Inc. has made 159 grants totaling $3.6M, with a median grant of $13K. Annual giving has grown from $880K in 2020 to $1.9M in 2022. Individual grants have ranged from $1K to $150K, with an average award of $23K. The foundation has supported 33 unique organizations. The foundation primarily supports organizations in Ohio, Virginia, North Carolina, which account for 74% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Payne Fund Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 159 grants. Its grantmaking reaches organizations primarily in OH, VA, NC.
Payne Fund Inc. has distributed a total of $3.6M across 159 grants. The median grant size is $13K, with an average of $23K. Individual grants have ranged from $1K to $150K.
Payne Fund Inc. typically selects its grantees rather than accepting unsolicited proposals.
Payne Fund Inc. is headquartered in CLEVELAND, OH. While based in OH, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kenyon C Bolton Iii | VICE PRESIDENT | $0 | $0 | $0 |
| Oliver C Gratry | VICE PRESIDENT | $0 | $0 | $0 |
| William B Bolton | TREASURER | $0 | $0 | $0 |
| Barbara B Gratry | PRESIDENT | $0 | $0 | $0 |
| Hugh B Bolton | VICE PRESIDENT | $0 | $0 | $0 |
Total Giving
$1.1M
Total Assets
$3.5M
Fair Market Value
$3.5M
Net Worth
$3.3M
Grants Paid
$730K
Contributions
$660K
Net Investment Income
$80K
Distribution Amount
$167K
Total: $3M
Total Grants
159
Total Giving
$3.6M
Average Grant
$23K
Median Grant
$13K
Unique Recipients
33
Most Common Grant
$25K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Frances Payne Bolton School Of NursingBUILDING | Cleveland, OH | $150K | 2022 |
| Mount Vernon Ladies AssociationFRANCES PAYNE BOLTON VIEWSHED FUND | Mount Vernon, VA | $100K | 2022 |
| City MissionSECURITY SYSTEM AT LAURA'S HOME WOMEN'S CRISIS CENTER AND CROSSROADS MEN'S CRISIS CENTER | Cleveland, OH | $75K | 2022 |
| Decorative Arts Center Of OhioMAINTENANCE & REPAIR OF REESE-PETERS HOUSE | Lancester, OH | $32K | 2022 |
| Cleveland Institute Of MusicSCHOLARSHIPS | Cleveland, OH | $25K |
| Emily S Bolton |
| SECRETARY |
| $0 |
| $0 |
| $0 |
| Frances B Wilmerding | VICE PRESIDENT | $0 | $0 | $0 |
| 2022 |
| Brevard Music CenterTHE THOMAS C BOLTON DISTINGUISHED ARTIST CHAIR SPONSORED BY THOMAS C. BOLTON AND THE PAYNE FUND | Brevard, NC | $25K | 2022 |
| Musical Arts AssociationANNUAL FUND | Cleveland, OH | $25K | 2022 |
| Lakeview Cemetery FoundationTREES & WATER WORKS | Cleveland, OH | $25K | 2022 |
| Theatre Du ReveANNUAL FUND | Atlanta, GA | $25K | 2022 |
| Asheville Symphony OrchestraASHEVILLE AMADEUS PROGRAM | Ashville, NC | $13K | 2022 |
| San Francisco- Marin Food BankGENERAL | San Francisco, CA | $10K | 2022 |
| Marin Agricultural Land Trust (Malt)ADVANCE WORK PROTECTING FARMLAND | Point Reyes Station, CA | $5K | 2022 |
| Cleveland Museum Of ArtANNUAL FUND | Cleveland, OH | $5K | 2022 |
| KwmrGENERAL | Point Reyes Station, CA | $5K | 2022 |
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