Hoover Foundation Income Account
The Hoover Foundation Income Account is a private foundation based in Columbus, Ohio. It makes grants principally to public-supported community funds, hospitals and health agencies, colleges, and community organizations; it does not make grants to individuals.
Hoover Foundation Income Account at a glance
In short: Hoover Foundation Income Account gave $3.5M across 66 grants in 2025 (avg $53K), mostly in Ohio. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $3,497,850
- -5.9% vs 2024
- Grants made (2025)
- 66
- +6.5% vs 2024
- Average grant
- $52,998
- -11.6% vs 2024
- Median grant
- $25,000
- Total assets
- $38,775,500
- -1.4% vs 2024
- Primary geography
- Ohio (81% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Hoover Foundation Income Account
- How to Apply
-
The filing says to contact Lawrence Hoover with a letter stating the amount and purpose of the requested grant. It says the foundation does not restrict giving to preselected organizations. The foundation does not make grants to individuals.
- Contact
Application contact: Lawrence Hoover
Mailing address: 400 Market Ave N Ste 210, Canton, OH 44702
Phone: (330) 580-2568
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Hoover Foundation Income Account funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was United Way Worldwide ($315K). Together the top 10 received $1.9M.
Grant Size Distribution
328 grants across all recorded years
The most common grant size was under $50K: 239 grants of 328 (73%).
Geographic Focus
Where this funder awards grants
In 2025, 81% of grant dollars went to recipients in Ohio, 9% to Virginia, 5% to Washington, DC, and 5% to Texas. The listed Ohio recipients include organizations in Canton and other Ohio communities.
Grant Distribution by State
Share of 2025 grant dollars across all 66 itemized grants.
States
Cities
How Hoover Foundation Income Account gives
- 61% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−4%). Method
- In 2025 it paid out 109% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $3.0M (2021) to $3.9M (2023). In 2025 it made 66 grants totaling $3.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Way Worldwide Alexandria, VA | General Operating | $315,000 |
| Coleman Health Services Kent, OH | General Operating | $250,000 |
| City of North Canton North Canton, OH | General Operating | $250,000 |
| Arts in Stark Canton, OH | General Operating | $225,000 |
| Scouting America Irving, TX | General Operating | $175,000 |
| YMCA Washington, DC | General Operating | $155,000 |
| Canton Palace Theatre Canton, OH | General Operating | $150,000 |
| Canton for All People Canton, OH | General Operating | $120,000 |
| Akron-Canton Regional Foodbank Akron, OH | General Operating | $117,500 |
| Friends of Stark Parks Canton, OH | General Operating | $110,000 |
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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 | $38,775,500 | $3,292,275 | $3,836,501 | $3,497,850 | 66 | $3,604,992 | $3,085,654 | $3,293,761 |
| 2024 | $39,308,812 | $6,085,266 | $4,132,218 | $3,718,280 | 62 | $3,820,062 | $5,888,249 | $3,071,759 |
| 2023 | $37,354,224 | $3,076,827 | $4,200,466 | $3,898,865 | 70 | $3,991,105 | $2,891,050 | $2,786,374 |
| 2022 | $38,506,548 | $3,487,383 | $3,985,379 | $3,636,256 | 63 | $3,733,752 | $3,292,416 | $2,860,864 |
| 2021 | $38,942,671 | $4,638,751 | $3,366,516 | $2,999,540 | 67 | $3,103,388 | $4,441,218 | $3,174,630 |
| 2020 | $37,634,042 | $2,490,129 | $3,314,890 | $3,059,466 | 1 | — | $2,315,990 | $2,736,655 |
Under IRS private-foundation payout rules, Hoover Foundation Income Account reported a distributable amount of $3.3M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 filing describes its grant recipients as principally public-supported community funds, hospitals and health agencies, colleges, and community organizations.
Grantees’ stated missions illustrate the range of organizations it supported in 2025. Arts in Stark says it uses the arts to advance community goals in economic development, tourism, well-being, and education. The Akron-Canton Regional Foodbank says it works to support healthy, hunger-free lives through food distribution and community engagement. Stark Education Partnership describes its role as collaborating with education, business, civic, and community stakeholders to improve student education and career success. These are the grantees’ missions, not stated missions of the foundation.
Grantmaking
In 2025, the foundation reported 66 grants totaling $3,497,850. Grant amounts ranged from $500 to $315,000, with a median of $25,000. Notable grants included $315,000 to United Way Worldwide, $250,000 each to Coleman Health Services and the City of North Canton, $225,000 to Arts in Stark, and $175,000 to Scouting America. The listed purposes for these grants were general operating.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Charles H. Hoover as chairperson; Timothy D. Schiltz, Lawrence R. Hoover, Timothy R. Hoover, and Terry A. Moore as committee members; and Huntington National Bank as trustee.
Hoover Foundation Income Account is led by Charles H. Hoover, Chairperson since 2025 (on filings since 2020); 1 of 6 officers listed in 2025 is compensated.
Officers on the 2025 filing
Charles H. Hoover
Chairperson
Committee Member → Chairperson, 2025
On filings since 2020
4 hrs/week
No compensation reported
Huntington National Bank
Trustee
On filings since 2020
1 hr/week
$164K (2020) → $198K (2025)
Lawrence R. Hoover
Committee Member
Chairperson → Committee Member, 2025
On filings since 2020
1 hr/week
No compensation reported
Terry A. Moore
Committee Member
On filings since 2020
1 hr/week
No compensation reported
Timothy D. Schiltz
Committee Member
On filings since 2020
1 hr/week
No compensation reported
Timothy R. Hoover
Committee Member
On filings since 2020
1 hr/week
No compensation reported
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 $198K, to Huntington National Bank (Trustee).
Frequently asked questions about Hoover Foundation Income Account
How much does Hoover Foundation Income Account give each year?
Hoover Foundation Income Account gave $3.5M across 66 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3.7M across 62 grants.
What is Hoover Foundation Income Account's typical grant size?
Hoover Foundation Income Account's median grant in 2025 was $25,000, and its average grant was $52,998, across 66 grants on its 2025 IRS Form 990-PF.
Where does Hoover Foundation Income Account give grants?
Hoover Foundation Income Account gives mostly in Ohio: 81% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Virginia (9%) and District of Columbia (5%). The most frequent recipient cities were Canton, OH (32 grants), Columbus, OH (6 grants), North Canton, OH (3 grants) and Washington, DC (3 grants).
Does Hoover Foundation Income Account give general operating support?
Yes: 100% of Hoover Foundation Income Account's 2025 grants with a stated purpose (66 of 66) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Hoover Foundation Income Account's largest grantees?
Hoover Foundation Income Account's largest 2025 grantees include United Way Worldwide ($315,000), Coleman Health Services ($250,000) and City of North Canton ($250,000), according to its 2025 IRS Form 990-PF. Together they received 23% of its itemized 2025 grant dollars.
How large is Hoover Foundation Income Account?
Hoover Foundation Income Account reported $38.8M in total assets on its 2025 IRS Form 990-PF. It paid out $3.6M in qualifying distributions that year, against a required minimum of $3.3M (roughly 5% of its investment assets).
What does Hoover Foundation Income Account fund?
No mission statement for the foundation is provided. Its 2025 filing describes its grant recipients as principally public-supported community funds, hospitals and health agencies, colleges, and community organizations. See mission & focus areas ↑
How do I apply for a grant from Hoover Foundation Income Account?
The filing says to contact Lawrence Hoover with a letter stating the amount and purpose of the requested grant. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Hoover Foundation Income Account's EIN?
Hoover Foundation Income Account's EIN (Employer Identification Number) is 34-6510994. 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. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 20, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Hoover Foundation Income Account's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Hoover Foundation Income Account funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/hoover-foundation-income-account-morg_37df9384b3254ef8a5b78d4630b8b568
BibTeX
@misc{grantable_346510994_2026,
author = {{Grantable}},
title = {{Hoover Foundation Income Account funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/hoover-foundation-income-account-morg_37df9384b3254ef8a5b78d4630b8b568},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Hoover Foundation Income Account's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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