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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. The foundation is governed by 7 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 2024. Funding is distributed across 4 states, including Ohio, North Carolina, California. According to available records, Payne Fund Inc. has made 200 grants totaling $4.5M, with a median grant of $13K. The foundation has distributed between $843K and $1.9M annually from 2020 to 2024. Grantmaking activity was highest in 2022 with $1.9M distributed across 74 grants. Individual grants have ranged from $1K to $150K, with an average award of $22K. The foundation has supported 42 unique organizations. The foundation primarily supports organizations in Ohio, Virginia, North Carolina, which account for 75% of all grants. Grantmaking reaches organizations across 11 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$13K
Average Grant
$22K
Largest Grant
$125K
Based on 40 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.
Payne Fund Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 200 grants. Its grantmaking reaches organizations primarily in OH, VA, NC.
Payne Fund Inc. has distributed a total of $4.5M across 200 grants. The median grant size is $13K, with an average of $22K. 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 11 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| FRANCES B WILMERDING | VICE PRESIDENT | $0 | $0 | N/A |
| KIM SCOTT | SECRETARY | $0 | $0 | N/A |
| HUGH B BOLTON | VICE PRESIDENT | $0 | $0 | N/A |
| BARBARA B GRATRY | PRESIDENT | $0 | $0 | N/A |
| WILLIAM B BOLTON | TREASURER | $0 | $0 | N/A |
| OLIVER C GRATRY | VICE PRESIDENT | $0 | $0 | N/A |
| KENYON C BOLTON III | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$843K
Total Assets
$3.3M
Fair Market Value
$3.3M
Net Worth
$3.3M
Grants Paid
$843K
Contributions
$829K
Net Investment Income
$128K
Distribution Amount
$176K
Total: $3.2M
Total Grants
200
Total Giving
$4.5M
Average Grant
$22K
Median Grant
$13K
Unique Recipients
42
Most Common Grant
$25K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| FRIENDS OF BREAKTHROUGH SCHOOLSGENERAL | CLEVELAND, OH | $75K | 2024 |
| MUSICAL ARTS ASSOCIATIONWE BELIEVE CAMPAIGN | CLEVELAND, OH | $75K | 2024 |
| DECORATIVE ARTS CENTER OF OHIOCAPITAL ENDOWNMENT | LANCESTER, OH | $60K | 2024 |
| FRANCES PAYNE BOLTON SCHOOL OF NURSINGMANAN K. SHAUGHNESSY NURSE LEADERSHIP ACADEMY | CLEVELAND, OH | $50K | 2024 |
| CLEVELAND MUSEUM OF ARTAFRICAN BYZANTINE EXHIBIT | CLEVELAND, OH | $40K | 2024 |
| HOSPICE OF THE WESTERN RESERVESUPPORT ITS WESTERN RESERVE QUALITY OF LIFE CAMPAIGN | CLEVELAND, OH | $30K | 2024 |
| BREVARD MUSIC CENTERTHE THOMAS C BOLTON DISTINGUISHED ARTIST CHAIR SPONSORED BY THOMAS C. BOLTON AND THE PAYNE FUND | BREVARD, NC | $25K | 2024 |
| MOUNT VERNON LADIES ASSOCIATIONFRANCES PAYNE BOLTON VIEWSHED FUND | MOUNT VERNON, VA | $25K | 2024 |
| BOYS AND GIRLS CLUB OF NE OHIORENOVATE THE ORGANIZATIONS KITCHEN AT BROADWAY CLUB | CLEVELAND, OH | $25K | 2024 |
| LAKEVIEW CEMETERY FOUNDATIONTREES & WATER WORKS | CLEVELAND, OH | $25K | 2024 |
| CITY CLUB OF CLEVELANDGUARDIANS OF FREE SPEECH CAMPAIGN | CLEVELAND, OH | $25K | 2024 |
| CLEVELAND INSTITUTE OF MUSICSCHOLARSHIPS | CLEVELAND, OH | $25K | 2024 |
| THEATRE DU REVEANNUAL FUND | ATLANTA, GA | $15K | 2024 |
| THE CARTER CENTERGENERAL | ATLANTA, GA | $15K | 2024 |
| CLEVELAND COUNCIL OF WORLD AFFAIRSGRANT | CLEVELAND, OH | $13K | 2024 |
| ASHEVILLE SYMPHONY ORCHESTRAAMADEUS FESTIVAL | ASHVILLE, NC | $13K | 2024 |
| COMMUNITY LAND TRUST ASSOCIATION (CLAM)PROVIDE RENT SUPPORT AND LOW INCOME HOUSING NEEDS IN POINT REYES | POINT REYES STATION, CA | $10K | 2024 |
| HOSPITALITY HOMESONE APARTMENT | BOSTON, MA | $8K | 2024 |
| MULTIPLIER FOR MAVEN'S NOTEBOOKSUPPORT THE ROLE THE WEB PAGE PLAYS AS A NEWS AGGREGATOR INFORMING ABOUT ENVIRONMENTAL ISSUES PERTAINING TO WATER IN CALIFORNIA | SAN FRANCISCO, CA | $5K | 2024 |
| PEOPLE'S HEALTH & WELLNESS CLINICEKG MACHINES | BARRE, VT | $5K | 2024 |
| MARIN AGRICULTURAL LAND TRUST (MALT)MALT'S WORK IN LAND CONSERVATION | POINT REYES STATION, CA | $5K | 2024 |
| ENTERPRISE FOR YOUTHGRANT TO ENTERPRISE FOR YOUTH TO CONTINUE ENVIRONMENTAL STEWARDSHIP IN BUENA VISTA PARK | SAN FRANCISCO, CA | $5K | 2024 |
| WEST MARIN COMMUNITY SERVIVESGRANT | POINT REYES STATION, CA | $5K | 2024 |
| City MissionSECURITY SYSTEM AT LAURA'S HOME WOMEN'S CRISIS CENTER AND CROSSROADS MEN'S CRISIS CENTER | Cleveland, OH | $75K | 2022 |