M I Homes Foundation

Foundation · Grantmaker COLUMBUS, OH EIN: 31-1254013 Website

M I Homes Foundation is a corporate foundation based in Columbus, Ohio, established in March 1989. It operates as a 501(c)(3) organization and is classified as a corporate foundation. The foundation is tax-exempt and accepts tax-deductible donations.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.1M

-10.6% YoY

Annual Giving

$1.4M

+6.4% YoY

Grant Count

+16.1% YoY

Avg Grant Size

$40K

-8.3% YoY

Under IRS private-foundation payout rules, M I Homes Foundation reported a distributable amount of $100K for 2024 — the minimum it must pay out in qualifying distributions.

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

Mission & Focus Areas

The foundation's grant-making priorities include:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services
Community Health
Health and Medical initiatives
Housing

The foundation primarily funds annual support to various organizations.

Grantmaking

The foundation made 33 grants in 2024, with total giving of $1,435,314. Notable recent grants include:

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in Ohio, Virginia, and Michigan, with a particular emphasis on Ohio-based nonprofits.

Grant Distribution by State

Ohio $6.2M (92%)

Massachusetts $250K (4%)

Virginia $234K (3%)

Florida $35K (1%)

Michigan $20K (0%)

Illinois $10K (0%)

Pennsylvania $5K (0%)

Texas $3K (0%)

States

Florida Illinois Massachusetts Michigan Ohio Pennsylvania Texas Virginia

Cities

BexleyBlacklickBostonChantillyCincinnatiColumbusDublinFriscoGalenaGrove CityLakewood RanchMasonMontgomeryMt GileadNew AlbanyPhiladelphiaPowellRosevilleSouthfieldTampa

Financial History

Multi-year comparison from IRS filings

As of Fiscal Year Ending December 2024:

Total Assets: $2,085,802
Total Revenue: $1,192,470
Total Expenses: $1,438,823
Net Income: -$246,353
Total Liabilities: $0

Revenue Breakdown (2024):

Grants and Contributions: $1,100,000
Investment Income and Dividends: $92,470

Year-over-Year Changes: Grants and contributions decreased 51.1% from 2023 ($2,250,000) to 2024 ($1,100,000). Investment income increased 12.3% from 2023 ($82,342) to 2024 ($92,470).

Staffing: The foundation operates with 0 employees.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,085,802	$2,332,155	$1,350,641
Revenue	$1,192,470	$2,332,342	$2,025,089
Expenses	$1,438,823	$1,350,828	$2,367,961
Qualifying Distributions	$1,435,314	$1,348,434	$2,365,433
Net Investment Income	$90,277	$80,295	$24,969
Distributable Amount	$99,856	$115,704	$65,401

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

153 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Nationwide Childrens Hospital Foundation ($500,000), Americas Charities ($206,100), Homeport ($100,000).

Recipient	Purpose	Amount
BIG BROTHERS BIG SISTERS CENTRAL OH COLUMBUS, OH	Annual support	$10,000
COLUMBUS METROPOLITAN LIBRARY COLUMBUS, OH	Annual support	$6,000
FLYING HORSE FARMS MT GILEAD, OH	Annual support	$20,000
HARMONY PROJECT PRODUCTIONS INC COLUMBUS, OH	Annual support	$50,000
HOMEPORT COLUMBUS, OH	Annual support	$100,000
JCC OF GREATER COLUMBUS COLUMBUS, OH	Annual support	$3,600
KOMEN COLUMBUS RACE FOR THE CURE WESTERVILLE, OH	Annual support	$10,000
LIFETOWN NEW ALBANY, OH	Annual support	$25,000
LOCAL MATTERS COLUMBUS, OH	Annual support	$2,500
THE 2ND AND 7 FOUNDATION COLUMBUS, OH	Annual support	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ROBERT H SCHOTTENSTEIN	DIRECTOR PRESIDENT	1	—
PHILLIP G CREEK	DIRECTOR VP	1	—
ANN MARIE HUNKER	TREASURER	1	—

Frequently Asked Questions

What does M I Homes Foundation fund?

The foundation's grant-making priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Community Health • Health and Medical initiatives • Housing The foundation primarily funds annual support to various organizations.

How do I apply for a grant from M I Homes Foundation?

**Grant Activity (2024)** The foundation made 33 grants in 2024, with total giving of $1,435,314. Notable recent grants include: • America's Charities (AC): $206,100 (Annual Support) • Homeport: $100,000 (Annual Support) • The New Albany Community Foundation: $60,000 (Annual Support) **Grant Characteristics** Typical award amounts range from $1,000 to $1,015,000.

Where does M I Homes Foundation make grants?

The foundation primarily funds organizations in Ohio, Virginia, and Michigan, with a particular emphasis on Ohio-based nonprofits.

What size grants does M I Homes Foundation award?

In 2024, M I Homes Foundation awarded 36 grants totaling $1.4M — an average of about $40K per grant, based on its IRS Form 990 filings.

How much is M I Homes Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, M I Homes Foundation reported a distributable amount of $100K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.