National Tooling & Machining Foundation

Foundation · Grantmaker Cleveland, OH EIN: 52-1286223

Community Improvement & Capacity Building

National Tooling & Machining Foundation is a private foundation focused on Community Improvement & Capacity Building, based in Cleveland, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.7M in total assets. In 2024, it awarded 1 grant totaling $20K.

Key facts about National Tooling & Machining Foundation

EIN: 52-1286223
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $20,000
Grants made (2024): 1
Average grant: $20,000
Median grant: $20,000
Total assets: $4,691,390
Primary geography: Ohio (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How National Tooling & Machining Foundation gives

Giving held roughly steady from 2021 to 2024 (+0%). Method
In 2024 it paid out 969% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.7M

+32.5% YoY

Annual Giving

$20K

-13.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$20K

-13.1% YoY

Under IRS private-foundation payout rules, National Tooling & Machining Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.

About National Tooling & Machining Foundation

Based on IRS filings

Focus Areas

Community Improvement & Capacity Building

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $20K (100%)

Share of all 1 itemized 2024 grant dollars.

States

Ohio Virginia

Cities

ClevelandFairfaxMentor

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,691,390	$3,539,627	$3,267,120
Revenue	$1,427,734	$512,758	$180,598
Expenses	$273,307	$255,728	$188,458
Qualifying Distributions	$20,000	$23,025	—
Net Investment Income	—	—	$92,530
Distributable Amount	$2,064	$2,566	—

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

6 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Ntma Workforce Development ($20,000).

Recipient	Purpose	Amount
NTMA WORKFORCE DEVELOPMENT Cleveland, OH	WORKFORCE DEVELOPMENT	$20,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Roger Atkins	Staff Liaison	0.5	—
Kristin Carlson	Vice Chair	0.5	—
Grady Cope	Member	0.5	—
NJ Goulet III	Chairman of the Board	0.5	—
Mark Lashinske	Member	0.5	—
Steven Tamasi	Member	0.5	—
Gillen Young	Executive Team Liaison	0.5	—
Doug Derose	Secretary/Treasurer	0.5	—
Scott Covert	Member	0.5	—
Mike Watkins	Member	0.5	—

Subject Areas

Focus areas based on grantmaking activity

Community Improvement & Capacity Building

Frequently Asked Questions

What is National Tooling & Machining Foundation?

National Tooling & Machining Foundation is a private foundation focused on Community Improvement & Capacity Building, based in Cleveland, OH. It holds $4.7M in total assets as of 2024.

How large is National Tooling & Machining Foundation?

As of 2024, National Tooling & Machining Foundation holds $4.7M in total assets with $1.4M in annual revenue. It awarded 1 grant totaling $20K in 2024.

Where does National Tooling & Machining Foundation operate?

National Tooling & Machining Foundation has awarded grants in Ohio, Virginia.

What size grants does National Tooling & Machining Foundation award?

In 2024, National Tooling & Machining Foundation awarded 1 grant totaling $20K — an average of about $20K per grant, based on its IRS Form 990 filings.

How much is National Tooling & Machining Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, National Tooling & Machining Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is National Tooling & Machining Foundation's EIN?

National Tooling & Machining Foundation's EIN (Employer Identification Number) is 52-1286223. IRS Form 990 filing data is available on this page for 2020–2024.