Fountainhead Foundation
Fountainhead Foundation is a private foundation, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 17 grants totaling $352K. Net investment income was $51K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6M
+32.9% YoY
Annual Giving
$352K
+154.6% YoY
Grant Count
17
+21.4% YoY
Avg Grant Size
$21K
+109.7% YoY
Under IRS private-foundation payout rules, Fountainhead Foundation reported a distributable amount of $94K for 2024 — the minimum it must pay out in qualifying distributions.
About Fountainhead Foundation
Based on IRS filings
Fountainhead Foundation is a private foundation, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 17 grants totaling $352K. Net investment income was $51K.
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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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,648,031 | $1,993,045 | $1,040,905 |
| Revenue | $1,069,081 | $1,035,760 | $753,168 |
| Expenses | $376,595 | $139,120 | $10,790 |
| Qualifying Distributions | $351,885 | $138,200 | $10,600 |
| Net Investment Income | $50,605 | $40,792 | $3,028 |
| Distributable Amount | $93,919 | $54,235 | $17,552 |
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
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lobular Breast Cancer Alliance Inc ($100,000), Buffalo Yacht Club Foundation (the Brian T Makarian Scholarship Fund) ($75,000), Upmc Hillman Cancer Center ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALLE-KISKI AREA HOPE CENTER TARENTUM, PA | PUBLIC/SOCIAL | $2,500 |
| BEAVERTAIL LIGHTHOUSE MUSEUM JAMESTOWN, RI | PUBLIC/SOCIAL | $10,000 |
| BUFFALO YACHT CLUB FOUNDATION (THE BRIAN T MAKARIAN SCHOLARSHIP FUND) BUFFALO, NY | PUBLIC/SOCIAL | $75,000 |
| BUFFALO YACHT CLUB FOUNDATION BUFFALO, NY | PUBLIC/SOCIAL | $17,500 |
| COTTON CREEK ELEMENTARY SCHOOL WESTMINSTER, CO | EDUCATIONAL | $5,000 |
| LIFE MINISTRIES FOOD PANTRY WOLFEBORO, NH | PUBLIC/SOCIAL | $2,000 |
| LOBULAR BREAST CANCER ALLIANCE INC WHITE HORSE BEACH, MA | HEALTH AGENCIES | $100,000 |
| NETHERLANDS AMERICA FOUNDATION NEW YORK, NY | PUBLIC/SOCIAL | $31,960 |
| NOSTROS LA GENTE SAN MARCOS, TX | PUBLIC/SOCIAL | $3,000 |
| PHILLIPS EXETER ACADEMY EXETER, NH | EDUCATIONAL | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHELLE R BITZER | CO-PRESIDENT | — | — |
| DANIEL R DUSCH III | VICE PRESIDENT | — | — |
| JOHN F BITZER III | TREASURER | — | — |
| ELIZABETH A BITZER | SECRETARY | — | — |
| KELLY R SIMILE | ASSISTANT SECRETARY | — | — |
| KAY P BITZER | PRESIDENT | — | — |
| NICHOLAS F BITZER | CO-TREASURER | — | — |
Frequently Asked Questions
How large is Fountainhead Foundation?
As of 2024, Fountainhead Foundation holds $2.6M in total assets with $1.1M in annual revenue. It awarded 17 grants totaling $352K in 2024.
Where does Fountainhead Foundation operate?
Fountainhead Foundation has awarded grants in California, Colorado, Delaware, Georgia, Illinois, Massachusetts, New Hampshire, New York, Pennsylvania, Rhode Island, Texas, Virginia.
What size grants does Fountainhead Foundation award?
In 2024, Fountainhead Foundation awarded 17 grants totaling $352K — an average of about $21K per grant, based on its IRS Form 990 filings.
How much is Fountainhead Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Fountainhead Foundation reported a distributable amount of $94K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Fountainhead Foundation's EIN?
Fountainhead Foundation's EIN (Employer Identification Number) is 25-1605441. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Fountainhead Foundation'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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