CNB Foundation Agency is a corporate foundation based in Hillsdale, Michigan. Established in 2021, it operates as a 501(c)(3) organization with a primary focus on general operating support for community organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
-13.2% YoY
Annual Giving
$346K
+1.8% YoY
Grant Count
35
+0.0% YoY
Avg Grant Size
$10K
+1.8% YoY
Under IRS private-foundation payout rules, Cnb Foundation Inc reported a distributable amount of $66K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation provides general operating support to various organizations within its service areas. Primary funding categories include healthcare, community development, cultural institutions, and educational support.
Grantmaking
The foundation awarded seven grants in 2024.
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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 | FY 2024 | FY 2023 | Change |
|---|---|---|---|
| Total Revenues | $36,745 | $120,387 | -69.5% |
| Total Expenses | $87,825 | — | — |
| Total Assets | $879,261 | — | — |
| Investment Income | $30,860 | $26,711 | +15.5% |
The foundation operates with no employees and relies primarily on investment income to support its grantmaking activities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,024,172 | $1,180,238 | $1,090,598 |
| Revenue | $217,093 | $451,159 | $401,087 |
| Expenses | $372,464 | $359,831 | $262,039 |
| Qualifying Distributions | $372,464 | $359,831 | $262,039 |
| Net Investment Income | $42,342 | $44,295 | $36,852 |
| Distributable Amount | $66,318 | $59,633 | $71,451 |
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
167 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Erie Downtown Development Corp ($50,000), The Penn State Philanthropic Fund ($30,000), Clearfield Area United Way ($27,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN CANCER SOCIETY CLEARFIELD, PA | ANNUAL SUPPORT | $24,500 |
| BREADWINNERS ACADEMY MACEDONIA, OH | BRIDGING THE WEALTH GAP FIN'L LITERA | $10,000 |
| BUCKTAIL COUNCIL BOY SCOUTS OF AME BIGLER, PA | SUPPORT SCOUTING IN AREA | $4,500 |
| CARDINTON YOUTH SOFTBALL CARDINGTON, OH | TO SUPPORT LOCAL ATHLETICS | $2,000 |
| CHILDREN'S AID SOCIETY CLEARFIELD, PA | SHOOT FOR MAGIC FOOD SPONSOR | $8,000 |
| CLEARFIELD AREA UNITED WAY CLEARFIELD, PA | ANNUAL CAMPAIGN CONTRIBUTION | $27,000 |
| CROHN'S AND COLITIS FOUNDATION WORTHINGTON, OH | FINDING CURES FOR CROHN'S AND UC | $2,000 |
| DICKENSON CENTER INC BRADFORD, PA | ST MARYS BUILDING PROJECT | $15,000 |
| DNA RISING SHAKER HEIGHTS, OH | FINC'L LITERACY FOR WOMEN & HOMELESS | $5,000 |
| DUBOIS YMCA DUBOIS, PA | STRONG KIDS PROGRAM | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TITO LIMA | TREASURER | 1 | — |
| LEEANNE KASSAB | CHAIRPERSON | 1 | — |
| JESSICA A ZUPICH | SECRETARY | 1 | — |
| MICHAEL D PEDUZZI | DIRECTOR | 1 | — |
| KATIE ANDERSEN | DIRECTOR | 1 | — |
| CARRIE A WOOD | DIRECTOR | 1 | — |
| CHARLES SMITH | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Cnb Foundation Inc fund?
The foundation provides general operating support to various organizations within its service areas. Primary funding categories include healthcare, community development, cultural institutions, and educational support.
How do I apply for a grant from Cnb Foundation Inc?
**Recent Grant Activity (2024):** • Hillsdale Hospital: $25,000 (General Operating) • Hillsdale County Community Foundation: $12,500 (General Operating) • The Michigan Theatre of Jackson: $10,000 (General Operating) • Additional grants made to other organizations The foundation awarded seven grants in 2024. **Financial Profile:** • Total revenues (FY 2024): $36,745 • Total expenses (FY 2024): $87,825 • Total assets (FY 2024): $879,261 **Revenue Sources (FY 2024):** • Investment income and divid…
What size grants does Cnb Foundation Inc award?
In 2024, Cnb Foundation Inc awarded 35 grants totaling $346K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Cnb Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cnb Foundation Inc reported a distributable amount of $66K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cnb Foundation Inc's EIN?
Cnb Foundation Inc's EIN (Employer Identification Number) is 27-2417365. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Cnb Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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