Andover Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ANDOVER, OH. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $446K in total assets. In 2024, it awarded 3 grants totaling $73K. Net investment income was $17K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$446K
-11.5% YoY
Annual Giving
$73K
+233.2% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$24K
+122.1% YoY
About Andover Foundation Inc
Based on IRS filings
Andover Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ANDOVER, OH. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $446K in total assets. In 2024, it awarded 3 grants totaling $73K. Net investment income was $17K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $445,738 | $503,585 | $511,204 |
| Revenue | $17,172 | $15,342 | $15,024 |
| Expenses | $75,019 | $22,961 | $24,362 |
| Qualifying Distributions | $73,300 | $22,000 | $24,362 |
| Net Investment Income | $17,172 | $15,342 | $14,662 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Larry D Loveland | President | — | — |
| Susan E Hill | V-President | — | — |
| Richard B Kotila | Secretary | — | — |
| Richard J Mole CPA Ret | Treasurer | — | — |
| Patricia A Carnahan | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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