Murdough Foundation

HUDSON, OH EIN: 34-1454379

Arts and culture Education Community and economic development Human services

Murdough Foundation is a private foundation focused on Arts and culture, based in HUDSON, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 3 grants totaling $700K. Net investment income was $790K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.3M

+2.5% YoY

Annual Giving

$700K

-30.0% YoY

Grant Count

-40.0% YoY

Avg Grant Size

$233K

+16.7% YoY

Under IRS private-foundation payout rules, Murdough Foundation reported a distributable amount of $307K for 2024 — the minimum it must pay out in qualifying distributions.

About Murdough Foundation

Based on IRS filings

Focus Areas

Arts and culture Education Community and economic development Human services

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $2.1M (50%)

Virginia $1.6M (39%)

Florida $420K (10%)

States

Florida Ohio Virginia

Cities

AkronBrecksvilleChagrin FallsCharlottesvilleClevelandHudsonKey LargoPepper Pike

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,277,263	$3,197,349	$3,849,902
Revenue	$855,546	$412,548	$-368,068
Expenses	$775,632	$1,065,101	$1,090,437
Qualifying Distributions	$710,450	$1,000,250	$1,001,225
Net Investment Income	$790,364	$347,697	—
Distributable Amount	$307,246	$261,351	$289,460

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 2024

Grant Size Distribution

32 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Cleveland Clinic Foundation ($400,000), University of Virginia Athletics Foundation ($200,000), Akron Childen's Hospital ($100,000).

Recipient	Purpose	Amount
AKRON CHILDEN'S HOSPITAL AKRON, OH	INNOVATION CHALLENGE PROGRAM	$100,000
THE CLEVELAND CLINIC FOUNDATION CLEVELAND, OH	SUPPORT FOR THE NEUROLOGICAL INSTITUTE	$400,000
UNIVERSITY OF VIRGINIA ATHLETICS FOUNDATION CHARLOTTESVILLE, VA	FUNDING FOR THE RENOVATION OF THE MCCUE CENTER	$200,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
THOMAS G MURDOUGH JR	PRESIDENT, TREAS, TRUSTEE	0.5	—
JOY P MURDOUGH	SECRETARY, TRUSTEE	0.5	—
JAMES R MILLER	EXECUTIVE DIRECTOR	4	$20,000
WILLIAM M OLDHAM	TRUSTEE	0.5	—
PETER R MURDOUGH	TRUSTEE	0.5	—
MARSHALL C MURDOUGH	TRUSTEE	0.5	—
JODY P MURDOUGH	TRUSTEE	0.5	—
THOMAS G MURDOUGH III	TRUSTEE	0.5	—

Subject Areas

Focus areas based on grantmaking activity

Arts and culture Education Community and economic development Human services

Frequently Asked Questions

What is Murdough Foundation?

Murdough Foundation is a private foundation focused on Arts and culture, based in HUDSON, OH. It holds $3.3M in total assets as of 2024.

How large is Murdough Foundation?

As of 2024, Murdough Foundation holds $3.3M in total assets with $856K in annual revenue. It awarded 3 grants totaling $700K in 2024.

Where does Murdough Foundation operate?

Murdough Foundation has awarded grants in Florida, Ohio, Virginia.

What size grants does Murdough Foundation award?

In 2024, Murdough Foundation awarded 3 grants totaling $700K — an average of about $233K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, Murdough Foundation reported a distributable amount of $307K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.