Foundation 59 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AKRON, OH. IRS filing data is available from 2020 through 2022. As of 2022, the organization holds $2K in total assets. In 2022, it awarded 5 grants totaling $12K.
Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
$2K
-67.7% YoY
Annual Giving
$12K
+3062.7% YoY
Grant Count
5
+400.0% YoY
Avg Grant Size
$2K
+532.5% YoY
Under IRS private-foundation payout rules, Foundation 59 reported a distributable amount of $225 for 2022 — the minimum it must pay out in qualifying distributions.
About Foundation 59
Based on IRS filings
Foundation 59 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AKRON, OH. IRS filing data is available from 2020 through 2022. As of 2022, the organization holds $2K in total assets. In 2022, it awarded 5 grants totaling $12K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $2,226 | $6,891 | $6,641 |
| Revenue | $32,855 | $30,246 | $12,169 |
| Expenses | $37,520 | $29,996 | $16,042 |
| Qualifying Distributions | $12,366 | $12,818 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $225 | $290 | $278 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2022
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2022 grants, the largest include Reed Family ($3,736), Ritter Family ($3,250), Haynes Family ($2,630).
| Recipient | Purpose | Amount |
|---|---|---|
| HAYNES FAMILY BARBERTON, OH | GOLF SCHOLARSHIP | $2,630 |
| PETRIE FAMILY AKRON, OH | GOLF SCHOLARSHIP | $750 |
| RITTER FAMILY EAST SPARTA, OH | GOLF SCHOLARSHIP | $3,250 |
| REED FAMILY FAIRVIEW PARK, OH | GOLF SCHOLARSHIP | $3,736 |
| GONZALES-RIBBLE FAMILY BRUNSWICK, OH | GOLF SCHOLARSHIP | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2022 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRENT SABA | TRUSTEE | 1 | — |
| DIANA EAMES | TRUSTEE | 2 | — |
| TIM EAMES | EXECUTIVE DI | 10 | — |
| JIMMY BEERS | TRUSTEE | 1 | — |
| CLARK HARVEY | TRUSTEE | 1 | — |
| CHRISTOPHER LAWSON | CHAIRMAN | 1 | — |
| MIKE SCHOCK | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Foundation 59?
Foundation 59 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AKRON, OH. It holds $2K in total assets as of 2022.
How large is Foundation 59?
As of 2022, Foundation 59 holds $2K in total assets with $33K in annual revenue. It awarded 5 grants totaling $12K in 2022.
Where does Foundation 59 operate?
Foundation 59 has awarded grants in Ohio.
What size grants does Foundation 59 award?
In 2022, Foundation 59 awarded 5 grants totaling $12K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Foundation 59 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Foundation 59 reported a distributable amount of $225 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Foundation 59's EIN?
Foundation 59's EIN (Employer Identification Number) is 83-3769632. IRS Form 990 filing data is available on this page for 2020–2022.
Explore Open Grants
Browse active grant opportunities in Foundation 59's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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