Downey Memorial Music Scholarship 1015010979
Downey Memorial Music Scholarship 1015010979 is a private foundation focused on N/A, based in Hamilton, OH. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $660K in total assets. In 2025, it awarded 1 grant totaling $162K. Net investment income was $53K.
Downey Memorial Music Scholarship 1015010979 at a glance
In short: Downey Memorial Music Scholarship 1015010979 gave $162K across 1 grant in 2025 (avg $162K), mostly in Ohio. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $162,084
- +24.8% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $162,084
- +24.8% vs 2024
- Median grant
- $162,084
- Total assets
- $660,282
- -16.5% vs 2024
- Primary geography
- Ohio (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Downey Memorial Music Scholarship 1015010979 funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was University of Cincinnati ($162K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Downey Memorial Music Scholarship 1015010979 gives
- Giving grew 56% from 2022 to 2025. Method
- In 2025 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2025, annual grant giving ranged from $21K (2021) to $194K (2023). In 2025 it made 1 grant totaling $162K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Cincinnati Cincinnati, OH | Charitable Purposes | $162,084 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $660,282 | $73,968 | $204,794 | $162,084 | 1 | $173,191 | $52,641 | $181,728 |
| 2024 | $791,111 | $78,761 | $156,892 | $129,836 | 1 | $135,631 | $64,669 | $167,879 |
| 2023 | $869,244 | $141,648 | $293,333 | $193,775 | 1 | $199,707 | $65,113 | $135,768 |
| 2022 | $1,021,023 | $81,819 | $136,267 | $103,948 | 1 | $110,828 | $63,743 | $140,304 |
| 2021 | $1,075,470 | $82,819 | $48,476 | $20,762 | 1 | $28,211 | $60,301 | $139,759 |
| 2020 | $1,041,126 | $84,660 | $105,003 | $53,276 | 1 | — | $68,477 | $111,932 |
Under IRS private-foundation payout rules, Downey Memorial Music Scholarship 1015010979 reported a distributable amount of $182K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Downey Memorial Music Scholarship 1015010979's only listed officer is First Financial Bank, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
First Financial Bank
Trustee
On filings since 2020
$14K (2020) → $26K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $26K, to First Financial Bank (Trustee).
Frequently asked questions about Downey Memorial Music Scholarship 1015010979
How much does Downey Memorial Music Scholarship 1015010979 give each year?
Downey Memorial Music Scholarship 1015010979 gave $162K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $130K across 1 grant.
How large is Downey Memorial Music Scholarship 1015010979?
Downey Memorial Music Scholarship 1015010979 reported $660K in total assets on its 2025 IRS Form 990-PF. It paid out $173K in qualifying distributions that year, against a required minimum of $182K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Downey Memorial Music Scholarship 1015010979?
Downey Memorial Music Scholarship 1015010979 is a private foundation focused on N/A, based in Hamilton, OH. It holds $660K in total assets as of 2025.
Where does Downey Memorial Music Scholarship 1015010979 operate?
Downey Memorial Music Scholarship 1015010979 has awarded grants in Ohio.
What is Downey Memorial Music Scholarship 1015010979's EIN?
Downey Memorial Music Scholarship 1015010979's EIN (Employer Identification Number) is 35-6526920. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS January 13, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 8, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 26, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 29, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
- IRS filings on file for fiscal years 2020–2025
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