Blakney Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AKRON, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $663K in total assets. In 2024, it awarded 7 grants totaling $56K. Net investment income was $42K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$663K
+2.4% YoY
Annual Giving
$56K
+16.1% YoY
Grant Count
7
-22.2% YoY
Avg Grant Size
$8K
+49.3% YoY
Under IRS private-foundation payout rules, Blakney Foundation reported a distributable amount of $50K for 2024 — the minimum it must pay out in qualifying distributions.
About Blakney Foundation
Based on IRS filings
Blakney Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AKRON, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $663K in total assets. In 2024, it awarded 7 grants totaling $56K. Net investment income was $42K.
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 | $662,595 | $646,864 | $672,265 |
| Revenue | $76,167 | $26,738 | $4,330 |
| Expenses | $60,436 | $52,139 | $51,106 |
| Qualifying Distributions | $55,746 | $48,000 | $45,500 |
| Net Investment Income | $41,692 | $22,829 | $23,104 |
| Distributable Amount | $50,429 | $44,309 | $44,716 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
33 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fairlawn Country Club Foundation ($16,246), Akron Childrens Hospital ($10,000), Friends of Richfield Public Library ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AKRON CHILDRENS HOSPITAL AKRON, OH | REACH OUT AND READ PROGRAM | $10,000 |
| BALLET IN THE CITY CUYAHOGA FALLS, OH | REPLACEMENT OF STOLEN BOOKS AND OTHER STUDENT LEARNING TOOLS | $2,500 |
| FAIRLAWN COUNTRY CLUB FOUNDATION AKRON, OH | SCHOLARSHIP PROGRAM | $16,246 |
| FIRST TEE OF GREATER AKRON AKRON, OH | OPERATING FUNDS | $2,000 |
| FRIENDS OF RICHFIELD PUBLIC LIBRARY RICHFIELD, OH | ACTIVITY BAGS CONTAINING READING ACTIVITIES FOR YOUNG READERS, SUPPORT TO LITTLE FREE LIBRARY, AND PROVIDE BOOKS FOR THE COMMUNITY SUMMER STORY WALK. | $10,000 |
| MANDEL EARLY CHILDHOOD EDUCATION CENTER AKRON, OH | BI-WEEKLY BOOK CLUB, PURCHASE OF WEEKLY READERS FOR THREE CLASSROOMS, AND FUNDS TO PROVIDE FOR MONTHLY DISTRIBUTION OF BOOKS TO PRE-K TO THIRD GRADE CLASSES. | $10,000 |
| OPFOB LITERACY FOR MILITARY CHILDREN OKATIE, SC | BOOKS FOR VETERANS, FIRST RESPONDERS, ACTIVE DUTY MILITARY AND THEIR FAMILY MEMBERS | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID B SMITH | PRESIDENT/TREASURER | 2 | — |
| PATRICIA J SMITH | VICE PRESIDENT | 4 | — |
| PAUL OSTERGARD | TRUSTEE | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Blakney Foundation?
Blakney Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AKRON, OH. It holds $663K in total assets as of 2024.
How large is Blakney Foundation?
As of 2024, Blakney Foundation holds $663K in total assets with $76K in annual revenue. It awarded 7 grants totaling $56K in 2024.
Where does Blakney Foundation operate?
Blakney Foundation has awarded grants in Ohio, South Carolina, Tennessee.
What size grants does Blakney Foundation award?
In 2024, Blakney Foundation awarded 7 grants totaling $56K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Blakney Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Blakney Foundation reported a distributable amount of $50K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Blakney Foundation's EIN?
Blakney Foundation's EIN (Employer Identification Number) is 34-1881439. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Blakney Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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