Dudley Taft Charitable Foundation Co Fifth
The Dudley Taft Charitable Foundation Co Fifth is a private foundation based in Cincinnati, Ohio, established in 1997. The foundation operates as a 501(c)(3) organization with no staff members and focuses on philanthropic support across multiple sectors and geographic regions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.4M
+10.7% YoY
Annual Giving
$801K
+15.9% YoY
Grant Count
16
+6.7% YoY
Avg Grant Size
$50K
+8.7% YoY
Under IRS private-foundation payout rules, Dudley Taft Charitable Foundation Co Fifth reported a distributable amount of $660K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports a diverse range of charitable causes including:
- Arts and culture
- Museums
- Education and higher education
- Philanthropy and nonprofit support
- Human services
- Youth development
- Scouting programs
Grantmaking
The foundation demonstrates active grantmaking with recent activity showing 18 grants awarded in 2024. Notable recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation provides funding across multiple states and cities, including:
States: Connecticut, District of Columbia, Kentucky, Massachusetts, Maryland, Ohio, South Carolina, and Virginia
Cities: Bluffton, Charlottesville, Cincinnati, Danvers, Frederick, Hilton Head, Milford, Newport, Washington, Watertown, and Woods Hole
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Fiscal Year (2024):
- Total Assets: $9,398,303
- Total Revenues: $2,680,930
- Total Expenses: $899,128
- Total Grants Made: $801,000
Investment Income: $365,989 (2024)
The foundation maintains substantial assets and demonstrates consistent annual giving activity.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,398,303 | $8,489,090 | $7,731,280 |
| Revenue | $2,680,930 | $1,548,838 | $996,265 |
| Expenses | $899,128 | $791,154 | $521,387 |
| Qualifying Distributions | $802,060 | $692,025 | $446,888 |
| Net Investment Income | $1,580,336 | $1,465,373 | $884,131 |
| Distributable Amount | $660,004 | $563,570 | $562,015 |
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
89 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boys and Girls Club of Greater ($520,000), Taft Museum of Arts ($50,000), Manifest Creative Research Gallery and ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ESSEX COUNTY COMMUNITY FOUNDATION INC DANVERS, MA | PROJECT/PROGRAM SUPPORT | $10,000 |
| TAFT MUSEUM OF ARTS CINCINNATI, OH | PROJECT/PROGRAM SUPPORT | $50,000 |
| THE SEVEN HILLS SCHOOLS CINCINNATI, OH | PROJECT/PROGRAM SUPPORT | $10,000 |
| PLANNED PARENTHOOD OF SW OH REGION CINCINNATI, OH | PROJECT/PROGRAM SUPPORT | $10,000 |
| BOYS AND GIRLS CLUB OF GREATER CINCINNATI, OH | PROJECT/PROGRAM SUPPORT | $520,000 |
| ARTSWAVE CINCINNATI, OH | PROJECT/PROGRAM SUPPORT | $20,000 |
| UNITED WAY OF GREATER CINCINNATI CINCINNATI, OH | PROJECT/PROGRAM SUPPORT | $10,000 |
| ENSEMBLE THEATRE OF CINCINNATI CINCINNATI, OH | PROJECT/PROGRAM SUPPORT | $10,000 |
| CINCINNATI ARTS ASSOCIATION CINCINNATI, OH | PROJECT/PROGRAM SUPPORT | $20,000 |
| SOCIETY FOR THE PRESERVATION OF MUSIC CINCINNATI, OH | PROJECT/PROGRAM SUPPORT | $1,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- President: Dudley S. Taft
- Treasurer: Lee A. Carter (Fifth Third Bank)
Both leaders serve voluntarily without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DUDLEY S TAFT | PRESIDENT | 1 | — |
| LEE A CARTER CO FIFTH THIRD BANK | TREASURER | 1 | — |
| DUDLEY S TAFT JR CO FIFTH THIRD B | BOARD MEMBER | 1 | — |
Contact Information
- Location: PO Box 630858, Cincinnati, OH 45263-0858
- Telephone: 513-534-5310
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Dudley Taft Charitable Foundation Co Fifth fund?
The foundation supports a diverse range of charitable causes including: • Arts and culture • Museums • Education and higher education • Philanthropy and nonprofit support • Human services • Youth development • Scouting programs
How do I apply for a grant from Dudley Taft Charitable Foundation Co Fifth?
The foundation demonstrates active grantmaking with recent activity showing 18 grants awarded in 2024. Notable recent grants include: • Boys and Girls Clubs of Greater Cincinnati: $520,000 (Project/program support) • Taft Museum of Art: $50,000 (Project/program support) • University of Virginia Law School Foundation: $25,000 (Project/program support) Typical grant awards range from $1,000 to $520,000. The foundation made approximately $801,000 in total grants in its most recent fiscal year.
Where does Dudley Taft Charitable Foundation Co Fifth make grants?
The foundation provides funding across multiple states and cities, including: **States:** Connecticut, District of Columbia, Kentucky, Massachusetts, Maryland, Ohio, South Carolina, and Virginia **Cities:** Bluffton, Charlottesville, Cincinnati, Danvers, Frederick, Hilton Head, Milford, Newport, Washington, Watertown, and Woods Hole
What size grants does Dudley Taft Charitable Foundation Co Fifth award?
In 2024, Dudley Taft Charitable Foundation Co Fifth awarded 16 grants totaling $801K — an average of about $50K per grant, based on its IRS Form 990 filings.
How much is Dudley Taft Charitable Foundation Co Fifth required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Dudley Taft Charitable Foundation Co Fifth reported a distributable amount of $660K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Dudley Taft Charitable Foundation Co Fifth's EIN?
Dudley Taft Charitable Foundation Co Fifth's EIN (Employer Identification Number) is 31-1532283. IRS Form 990 filing data is available on this page for 2020–2024.
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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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