Charles & Hazel Cline Memorial Scholarship

BROOKLYN, OH EIN: 93-0931552

Charles & Hazel Cline Memorial Scholarship is a private foundation, based in BROOKLYN, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 1 grants totaling $43K. Net investment income was $99K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.1M

+4.9% YoY

Annual Giving

$43K

+22.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$43K

+22.9% YoY

Under IRS private-foundation payout rules, Charles & Hazel Cline Memorial Scholarship reported a distributable amount of $66K for 2024 — the minimum it must pay out in qualifying distributions.

About Charles & Hazel Cline Memorial Scholarship

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $217K (100%)

States

Ohio

Cities

Cleveland

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,059,572	$1,009,815	$1,050,340
Revenue	$109,502	$18,020	$-3,475
Expenses	$68,868	$60,878	$57,478
Qualifying Distributions	$54,248	$44,781	$40,316
Net Investment Income	$98,529	$6,209	—
Distributable Amount	$66,415	$54,232	$56,652

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include College Now Greater Cleveland ($43,000).

Recipient	Purpose	Amount
COLLEGE NOW GREATER CLEVELAND CLEVELAND, OH	SCHOLARSHIPS	$43,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KEYBANK N A	TRUSTEE	1	$14,631

Frequently Asked Questions

How large is Charles & Hazel Cline Memorial Scholarship?

As of 2024, Charles & Hazel Cline Memorial Scholarship holds $1.1M in total assets with $110K in annual revenue. It awarded 1 grants totaling $43K in 2024.

Where does Charles & Hazel Cline Memorial Scholarship operate?

Charles & Hazel Cline Memorial Scholarship has awarded grants in Ohio.

What size grants does Charles & Hazel Cline Memorial Scholarship award?

In 2024, Charles & Hazel Cline Memorial Scholarship awarded 1 grants totaling $43K — an average of about $43K per grant, based on its IRS Form 990 filings.

How much is Charles & Hazel Cline Memorial Scholarship required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Charles & Hazel Cline Memorial Scholarship reported a distributable amount of $66K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Charles & Hazel Cline Memorial Scholarship's EIN?

Charles & Hazel Cline Memorial Scholarship's EIN (Employer Identification Number) is 93-0931552. IRS Form 990 filing data is available on this page for 2020–2024.