MH Foundation Inc

AKRON, OH EIN: 61-1582005

MH Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AKRON, OH. IRS filing data is available from 2020 through 2023. In 2023, it awarded 3 grants totaling $280K. Net investment income was $15K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$280K

+1455.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$93K

+1455.6% YoY

Under IRS private-foundation payout rules, MH Foundation Inc reported a distributable amount of $7K for 2023 — the minimum it must pay out in qualifying distributions.

About MH Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $338K (100%)

States

Ohio

Cities

Cincinnati

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	—	$287,692	$354,716
Revenue	$15,548	$1,670	$12,566
Expenses	$292,062	$24,451	$24,591
Qualifying Distributions	$280,000	$18,000	$18,351
Net Investment Income	$15,473	$2,313	$12,566
Distributable Amount	$7,340	$15,901	$17,495

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2023

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Clovernook Center for the Blind and Visually Impaired ($200,000), Sweet Cheeks Diaper Bank ($40,000), Freestore Foodbank ($40,000).

Recipient	Purpose	Amount
SWEET CHEEKS DIAPER BANK CINCINNATI, OH	UNRESTRICTED	$40,000
CLOVERNOOK CENTER FOR THE BLIND AND VISUALLY IMPAIRED CINCINNATI, OH	UNRESTRICTED	$200,000
FREESTORE FOODBANK CINCINNATI, OH	UNRESTRICTED	$40,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
HEIDI HANSSEN	DIRECTOR	2	$1,719
BARRY ZIMMER	DIRECTOR	1	—
WILLIAM BURKES	DIRECTOR	1	$429

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is MH Foundation Inc?

MH Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AKRON, OH. It holds — in total assets as of 2023.

Where does MH Foundation Inc operate?

MH Foundation Inc has awarded grants in Ohio.

What size grants does MH Foundation Inc award?

In 2023, MH Foundation Inc awarded 3 grants totaling $280K — an average of about $93K per grant, based on its IRS Form 990 filings.

How much is MH Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, MH Foundation Inc reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.