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.
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
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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
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 |
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 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
From 2024 IRS filing
From 2024 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 June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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