Cardinal Charitable Foundation
Cardinal Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KIRTLAND HILLS, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 20 grants totaling $164K. Net investment income was $36K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
-5.9% YoY
Annual Giving
$164K
+39.2% YoY
Grant Count
20
+5.3% YoY
Avg Grant Size
$8K
+32.2% YoY
Under IRS private-foundation payout rules, Cardinal Charitable Foundation reported a distributable amount of $156K for 2024 — the minimum it must pay out in qualifying distributions.
About Cardinal Charitable Foundation
Based on IRS filings
Cardinal Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KIRTLAND HILLS, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 20 grants totaling $164K. Net investment income was $36K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,956,951 | $2,078,632 | $2,175,513 |
| Revenue | $69,403 | $43,617 | $86,639 |
| Expenses | $191,084 | $140,498 | $198,300 |
| Qualifying Distributions | $165,151 | $123,122 | $185,256 |
| Net Investment Income | $36,069 | $33,240 | $66,699 |
| Distributable Amount | $156,004 | $143,346 | $157,078 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
93 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cleveland Clinic Foundation ($50,000), John Carroll University ($32,125), Garfield Endowed Scholarship ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CLEVELAND CLINIC FOUNDATION CLEVELAND, OH | UNRESTRICTED OPERATING FUNDS | $50,000 |
| DOLLY PARTON IMAGINATION LIBRARY SEVIERVILLE, TN | UNRESTRICTED OPERATING FUNDS | $5,000 |
| GARFIELD ENDOWED SCHOLARSHIP CLEVELAND, OH | UNRESTRICTED OPERATING FUNDS | $15,000 |
| JOHN CARROLL UNIVERSITY UNIVERSITY HEIGHTS, OH | UNRESTRICTED OPERATING FUNDS | $32,125 |
| KIRTLAND COUNTRY CLUB CADDIE PROGRAM WILLOUGHBY, OH | UNRESTRICTED OPERATING FUNDS | $9,241 |
| PLAYHOUSE SQUARE CLEVELAND, OH | UNRESTRICTED OPERATING FUNDS | $10,000 |
| SHAKER SCHOOLS FOUNDATION SHAKER HEIGHTS, OH | UNRESTRICTED OPERATING FUNDS | $2,000 |
| ST HUBERTS KIRTLAND HILLS, OH | UNRESTRICTED OPERATING FUNDS | $6,865 |
| ST JUDES MEMPHIS, TN | UNRESTRICTED OPERATING FUNDS | $8,000 |
| TUNNEL TO TOWERS FOUNDATION STATEN ISLAND, NY | UNRESTRICTED OPERATING FUNDS | $3,333 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL A KERESMAN | PRESIDENT | 2 | — |
| ELIZABETH A KERESMAN | VICE PRESIDENT | 1 | — |
| KATELYN A KERESMAN | TRUSTEE | 1 | — |
| JACLYN M KLEMENC | TRUSTEE | 1 | — |
| JOCELYN E KERESMAN | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Cardinal Charitable Foundation?
Cardinal Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KIRTLAND HILLS, OH. It holds $2.0M in total assets as of 2024.
How large is Cardinal Charitable Foundation?
As of 2024, Cardinal Charitable Foundation holds $2.0M in total assets with $69K in annual revenue. It awarded 20 grants totaling $164K in 2024.
Where does Cardinal Charitable Foundation operate?
Cardinal Charitable Foundation has awarded grants in District of Columbia, New York, Ohio, Pennsylvania, Tennessee, Virginia.
What size grants does Cardinal Charitable Foundation award?
In 2024, Cardinal Charitable Foundation awarded 20 grants totaling $164K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Cardinal Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cardinal Charitable Foundation reported a distributable amount of $156K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cardinal Charitable Foundation's EIN?
Cardinal Charitable Foundation's EIN (Employer Identification Number) is 81-5131853. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Cardinal Charitable 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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