Ohio Valley Foundation Fifth Third Bank
The Ohio Valley Foundation Fifth Third Bank is a private foundation based in Cincinnati, Ohio, incorporated in 1946. The foundation is managed by Fifth Third Bank and operates as a 501(c)(3) organization. It functions as an independent foundation with a volunteer board of directors.
Key facts about Ohio Valley Foundation Fifth Third Bank
- EIN
- 31-6008508
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $450,000
- Grants made (2024)
- 18
- Average grant
- $25,000
- Median grant
- $25,000
- New grantees (estimate)
- 100% first-time grantees (18 of 18, 2024)
- Total assets
- $6,524,668
- Primary geography
- Ohio (83% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Ohio Valley Foundation Fifth Third Bank funds
By grant dollars, the top recipient states for Ohio Valley Foundation Fifth Third Bank's 18 itemized 2024 grants were Ohio (83%) and Kentucky (17%). The most frequent recipient cities were Cincinnati, OH (13 grants) and Covington, KY (2 grants). None of its 18 grants with a stated purpose were described as general or operating support. Recurring purposes include "Other" (12 grants) and "Project/Program Support" (6 grants).
Is Ohio Valley Foundation Fifth Third Bank open to new grantees?
100%
first-time grantees, 2024
In 2024, 18 of 18 grantees (100%) were first-time recipients. First grants averaged $25K. How we count
- 0% of 2024 grantees were also funded in 2023. Method
- Giving grew 30% from 2021 to 2024. Method
- In 2024 it paid out 117% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2021–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Ohio Valley Foundation Fifth Third Bank
- How to evaluate Ohio Valley Foundation Fifth Third Bank as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.5M
-0.9% YoY
Annual Giving
$450K
+34.3% YoY
Grant Count
18
+28.6% YoY
Avg Grant Size
$25K
+4.5% YoY
Under IRS private-foundation payout rules, Ohio Valley Foundation Fifth Third Bank reported a distributable amount of $387K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports initiatives in the following areas:
- Arts and culture
- Museums
- Education
- Human services
- Youth development
- Community service for youth
Grantmaking
Ready to take the next step with Ohio Valley Foundation Fifth Third Bank?
Geographic Focus
Where this funder awards grants
The foundation supports projects primarily in:
- Ohio (including Cincinnati, Lebanon, Loveland, Milford, and West Chester)
- Kentucky (including Covington and Crestview Hills)
- California (including San Mateo)
Grant Distribution by State
Share of all 18 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total assets: $6,524,668
- Total giving: $450,000
- Total revenues: $483,916
- Total expenses: $540,230
- Investment income and dividends: $188,839
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,524,668 | $6,581,330 | $6,743,884 |
| Revenue | $483,916 | $256,572 | $449,478 |
| Expenses | $540,230 | $418,962 | $498,004 |
| Qualifying Distributions | $451,143 | $338,790 | $404,282 |
| Net Investment Income | $394,801 | $177,453 | $368,796 |
| Distributable Amount | $386,563 | $361,947 | $400,261 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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
62 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Boy Scouts of America ($25,000), Boys Girls of Greater Cincinnati IN ($25,000), Jewish Community Center ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOY SCOUTS OF AMERICA Cincinnati, OH | PROJECT/PROGRAM SUPPORT | $25,000 |
| BOYS GIRLS OF GREATER CINCINNATI IN Cincinnati, OH | OTHER | $25,000 |
| JEWISH COMMUNITY CENTER Cincinnati, OH | OTHER | $25,000 |
| GREATER CINCINNATI TELEVISION EDUCA Cincinnati, OH | PROJECT/PROGRAM SUPPORT | $25,000 |
| URBAN LEAGUE Cincinnati, OH | OTHER | $25,000 |
| GIRL SCOUTS OF WESTERN OHIO Cincinnati, OH | PROJECT/PROGRAM SUPPORT | $25,000 |
| CENTER FOR ADDICTION TREATMENT INC Cincinnati, OH | OTHER | $25,000 |
| GREATER CINCINNATI BEHAVIORAL HEALT Cincinnati, OH | OTHER | $25,000 |
| CANCER FAMILY CARE INC Cincinnati, OH | PROJECT/PROGRAM SUPPORT | $25,000 |
| FAMILY NURTURING CENTER OF KENTUCKY Florence, OH | OTHER | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board members include:
- Leigh Prop (Chair)
- Phillip Long (Vice Chair)
- Carolyn McCoy (Secretary)
All board members serve without compensation.
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Leigh Prop | Chair & Board Member | 1 | — |
| Mike Michael | Board Member | 1 | — |
| Dudley Taft | Board Member | — | — |
| Phillip Long | Vicechair & Board Member | 1 | — |
| CAROLYN McCOY | Secretary & Board Member | 1 | — |
| Timothy Elsbrock | Treasurer & Board Member | 1 | — |
| Susan Zaunbrecher | Board Member | 1 | — |
| Mitchel D Livingston PHD | Board Member | 1 | — |
| Joel Stone | Board Member | 1 | — |
| Jill Meyer | Board Member | 1 | — |
| Mary Ellen Reilly | Board Member | 1 | — |
| Stephanie a Smith | Board Member | 1 | — |
Frequently Asked Questions
What does Ohio Valley Foundation Fifth Third Bank fund?
The foundation supports initiatives in the following areas: • Arts and culture • Museums • Education • Human services • Youth development • Community service for youth
How do I apply for a grant from Ohio Valley Foundation Fifth Third Bank?
**Grant Amounts:** Typical awards range from $10,000 to $25,000. **Recent Grant Activity:** In fiscal year 2024, the foundation made grants totaling $450,000. Recent grantees include: • Boy Scouts of America - 438 Dan Beard Council ($25,000) • Cancer Family Care ($25,000) • Urban League of Greater Southwestern Ohio ($25,000) **Application Status:** The foundation is open to new applicants.
Where does Ohio Valley Foundation Fifth Third Bank make grants?
The foundation supports projects primarily in: • Ohio (including Cincinnati, Lebanon, Loveland, Milford, and West Chester) • Kentucky (including Covington and Crestview Hills) • California (including San Mateo)
What size grants does Ohio Valley Foundation Fifth Third Bank award?
In 2024, Ohio Valley Foundation Fifth Third Bank awarded 18 grants totaling $450K — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is Ohio Valley Foundation Fifth Third Bank required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ohio Valley Foundation Fifth Third Bank reported a distributable amount of $387K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ohio Valley Foundation Fifth Third Bank's EIN?
Ohio Valley Foundation Fifth Third Bank's EIN (Employer Identification Number) is 31-6008508. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.