Cardinal Foundation
Cardinal Foundation is a private foundation, based in Dayton, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $518K in total assets. In 2024, it awarded 4 grants totaling $605K. Net investment income was $94K.
Cardinal Foundation at a glance
In short: Cardinal Foundation gave $605K across 4 grants in 2024 (avg $151K), mostly in Ohio. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $605,000
- -10.0% vs 2023
- Grants made (2024)
- 4
- -20.0% vs 2023
- Average grant
- $151,250
- +12.5% vs 2023
- Median grant
- $157,500
- Total assets
- $517,615
- -39.2% vs 2023
- Primary geography
- Ohio (88% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Cardinal Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Ronald McDonald House Charities ($270K). Together the top 4 received $605K.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 8 grants of 26 (31%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Cardinal Foundation gives
- Giving held roughly steady from 2021 to 2024 (−10%). Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $165K (2020) to $1.5M (2022). In 2024 it made 4 grants totaling $605K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ronald McDonald House Charities Dayton, OH | Health and Human Services | $270,000 |
| Chaminade Julienne Catholic High School Dayton, OH | Education | $265,000 |
| Delta Gamma Center for Children St. Louis, MO | Education | $50,000 |
| John Burroughs School St. Louis, MO | Education | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $517,615 | $276,267 | $610,141 | $605,000 | 4 | $605,000 | $93,806 | $33,343 |
| 2023 | $851,489 | $1,185,904 | $679,952 | $672,500 | 5 | $672,500 | $239,543 | $18,869 |
| 2022 | $346,807 | $1,791,861 | $1,503,582 | $1,499,356 | 7 | $1,499,356 | $396,766 | $24,613 |
| 2021 | $59,230 | $273,128 | $673,414 | $670,000 | 5 | — | $121,484 | $14,391 |
| 2020 | $459,516 | $12,269 | $185,696 | $165,000 | 5 | — | $11,685 | $24,514 |
Under IRS private-foundation payout rules, Cardinal Foundation reported a distributable amount of $33K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Cardinal Foundation is led by Thomas D. Macleod, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Thomas D. Macleod
President
On filings since 2020
1 hr/week
No compensation reported
Barbara B. Macleod
Trustee
On filings since 2020
1 hr/week
No compensation reported
Frederick J. Caspar Esq.
Assistant Secretary & Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Cardinal Foundation
How much does Cardinal Foundation give each year?
Cardinal Foundation gave $605K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $673K across 5 grants.
What is Cardinal Foundation's typical grant size?
Cardinal Foundation's median grant in 2024 was $157,500, and its average grant was $151,250, across 4 grants on its 2024 IRS Form 990-PF.
Where does Cardinal Foundation give grants?
Cardinal Foundation gives mostly in Ohio: 88% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Missouri (12%). The most frequent recipient cities were Dayton, OH (2 grants) and St. Louis, MO (2 grants).
Does Cardinal Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Cardinal Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (3 grants).
How large is Cardinal Foundation?
Cardinal Foundation reported $518K in total assets on its 2024 IRS Form 990-PF. It paid out $605K in qualifying distributions that year, against a required minimum of $33K (roughly 5% of its investment assets).
What is Cardinal Foundation's EIN?
Cardinal Foundation's EIN (Employer Identification Number) is 31-1681353. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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