Local Initiative for Excellence is a private foundation focused on Health, based in BLUE ASH, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $32.8M in total assets. In 2024, it awarded 10 grants totaling $1.0M. Net investment income was $750K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$32.8M
-1.7% YoY
Annual Giving
$1.0M
+417.4% YoY
Grant Count
10
+233.3% YoY
Avg Grant Size
$104K
+55.2% YoY
Under IRS private-foundation payout rules, Local Initiative for Excellence reported a distributable amount of $2.2M for 2024 — the minimum it must pay out in qualifying distributions.
About Local Initiative for Excellence
Based on IRS filings
Local Initiative for Excellence is a private foundation focused on Health, based in BLUE ASH, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $32.8M in total assets. In 2024, it awarded 10 grants totaling $1.0M. Net investment income was $750K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $32,786,461 | $33,339,275 | $20,230,972 |
| Revenue | $724,174 | $13,420,110 | $16,760,403 |
| Expenses | $1,276,988 | $311,807 | $522,047 |
| Qualifying Distributions | $1,050,064 | $213,366 | $459,666 |
| Net Investment Income | $749,873 | $435,939 | $300,754 |
| Distributable Amount | $2,221,850 | $1,163,922 | $806,745 |
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
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Nku Foundation Inc ($250,000), Plannned Parenthood ($135,000), Cincinnati Playhouse in the Park ($135,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF CINCINNATI CINCINNATI, OH | MEDICAL RESEARCH | $50,000 |
| SALK INST FOR BIOLOGICAL STUDIES LA JOLLA, CA | MEDICAL RESEARCH | $50,000 |
| UNIVERSITY OF VIRGINIA CHARLOTTESVILLE, VA | MEDICAL RESEARCH | $50,000 |
| MASSACHUSETTS GENERAL HOSPITAL BOSTON, MA | MEDICAL RESEARCH | $50,000 |
| CINCINNATI CHILDREN'S HOSPITAL MED CINCINNATI, OH | MEDICAL RESEARCH | $50,000 |
| NKU FOUNDATION INC HIGHLAND HEIGHTS, KY | UNDERGRADUATE FELLOWSHIP PROGRAM | $250,000 |
| PLANNNED PARENTHOOD CINCINNATI, OH | CHARITY | $135,000 |
| CINCINNATI PLAYHOUSE IN THE PARK CINCINNATI, OH | CHARITY | $135,000 |
| CINCINNATI MUSEUM CENTER CINCINNATI, OH | CHARITY | $135,000 |
| CINCINNATI SYMPHONY ORCHESTRA CINCINNATI, OH | CHARITY | $135,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CARTER F RANDOLPH | PRESIDENT | 5 | — |
| CARTER F RANDOLPH | TREASURER | 5 | — |
| CARTER L RANDOLPH | SECRETARY | 5 | — |
| PATTY BROCKMAN | SECRETARY | 5 | — |
| GARRETT WAYNE | TRUSTEE | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Local Initiative for Excellence?
Local Initiative for Excellence is a private foundation focused on Health, based in BLUE ASH, OH. It holds $32.8M in total assets as of 2024.
How large is Local Initiative for Excellence?
As of 2024, Local Initiative for Excellence holds $32.8M in total assets with $724K in annual revenue. It awarded 10 grants totaling $1.0M in 2024.
Where does Local Initiative for Excellence operate?
Local Initiative for Excellence has awarded grants in California, Kentucky, Massachusetts, Ohio, Virginia.
What size grants does Local Initiative for Excellence award?
In 2024, Local Initiative for Excellence awarded 10 grants totaling $1.0M — an average of about $104K per grant, based on its IRS Form 990 filings.
How much is Local Initiative for Excellence required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Local Initiative for Excellence reported a distributable amount of $2.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Local Initiative for Excellence's EIN?
Local Initiative for Excellence's EIN (Employer Identification Number) is 46-4081852. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Local Initiative for Excellence'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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