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
Among its reported 2024 grants, the largest include Various college scholarship recipie ($50,000), Andover Public Library ($20,000), Andover Public Library ($3,300).
| Recipient | Purpose | Amount |
|---|---|---|
| Andover Public Library Andover, OH | Disbursement for handicapped ramp | $20,000 |
| Andover Public Library Andover, OH | Direct charitable contribution | $3,300 |
| Various college scholarship recipie Andover, OH | Scholarship assistance to college students | $50,000 |
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
Frequently Asked Questions
What is Andover Foundation Inc?
Andover Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ANDOVER, OH. It holds $446K in total assets as of 2024.
How large is Andover Foundation Inc?
As of 2024, Andover Foundation Inc holds $446K in total assets with $17K in annual revenue. It awarded 3 grants totaling $73K in 2024.
Where does Andover Foundation Inc operate?
Andover Foundation Inc has awarded grants in Ohio.
What size grants does Andover Foundation Inc award?
In 2024, Andover Foundation Inc awarded 3 grants totaling $73K — an average of about $24K per grant, based on its IRS Form 990 filings.
What is Andover Foundation Inc's EIN?
Andover Foundation Inc's EIN (Employer Identification Number) is 34-1731179. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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