Homan Foundation

NORWOOD, OH EIN: 23-7038734

The Homan Foundation is a private foundation based in Norwood, Ohio. The organization has been tax-exempt since September 1969 and operates as a 501(c)(3) entity.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.5M

+5.9% YoY

Annual Giving

$522K

-33.4% YoY

Grant Count

+7.9% YoY

Avg Grant Size

$8K

-38.3% YoY

Under IRS private-foundation payout rules, Homan Foundation reported a distributable amount of $342K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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Geographic Focus

Where this funder awards grants

The foundation's grantmaking activities are primarily concentrated in Ohio, with headquarters in Norwood.

Grant Distribution by State

Ohio $1.3M (89%)

Florida $79K (5%)

Kentucky $46K (3%)

Texas $13K (1%)

Illinois $7K (0%)

Michigan $4K (0%)

Pennsylvania $2K (0%)

District of Columbia $1K (0%)

+1 more states

States

District of Columbia Florida Illinois Kentucky Michigan Ohio Pennsylvania Tennessee Texas

Cities

AugustaBethelCincinantiCincinnatiDallasDoylestownFort MyersFt MitchellGlenviewGolfGrosse Pointe FarmsImmokaleeLovelandMaysvilleMemphisMiamiMilfordMt OrabNaplesNew Lexington

Financial History

Multi-year comparison from IRS filings

Based on the most recent IRS Form 990 filing (2023):

Total Assets: $3,308,464
Total Giving: $783,817

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,504,609	$3,308,464	$3,728,051
Revenue	$734,033	$376,523	$336,237
Expenses	$558,217	$811,526	$969,622
Qualifying Distributions	$523,310	$785,187	$942,608
Net Investment Income	$702,286	$343,884	$302,922
Distributable Amount	$342,030	$282,596	$303,661

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

250 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Final 2 Percent ($75,000), Cincinnati Cancer Foundation Inc ($50,000), Cincinnati Zoo and Botanical Garden ($50,000).

Recipient	Purpose	Amount
1N5ORG CINCINNATI, OH	GENERAL SUPPORT	$2,500
A KID AGAIN CINCINNATI, OH	GENERAL SUPPORT	$1,500
ACCELERATE GREAT SCHOOLS CINCINNATI, OH	GENERAL SUPPORT	$20,000
ALZHEIMERS ASSOCIATION WASHINGTON, DC	GENERAL SUPPORT	$1,000
AMERICAN HEART ASSOCIATION CINCINNATI, OH	GENERAL SUPPORT	$2,500
ARCHBISHOP MCNICHOLAS HIGH SCHOOL CINCINNATI, OH	GENERAL SUPPORT	$5,000
ARCHBISHOP MOELLER HIGH SCHOOL CINCINNATI, OH	GENERAL SUPPORT	$5,000
ARTS WAVE CINCINNATI, OH	GENERAL SUPPORT	$3,500
ATHENAEUM OF OHIO CINCINNATI, OH	GENERAL SUPPORT	$1,000
BEECHWOOD HOME CINCINNATI, OH	GENERAL SUPPORT	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
WALTER E HOMAN	TRUSTEE	—	—
WALTER E HOMAN JR	TRUSTEE	—	—
CHRISTINE HOMAN	TRUSTEE	—	—

Frequently Asked Questions

Where does Homan Foundation make grants?

The foundation's grantmaking activities are primarily concentrated in Ohio, with headquarters in Norwood. ---

What size grants does Homan Foundation award?

In 2024, Homan Foundation awarded 68 grants totaling $522K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is Homan Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Homan Foundation reported a distributable amount of $342K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.