Otto Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MYRTLE BEACH, SC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 11 grants totaling $68K. Net investment income was $43K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
Annual Giving
$68K
Grant Count
11
Avg Grant Size
$6K
Under IRS private-foundation payout rules, Otto Family Foundation reported a distributable amount of $61K for 2024 — the minimum it must pay out in qualifying distributions.
About Otto Family Foundation
Based on IRS filings
Otto Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MYRTLE BEACH, SC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 11 grants totaling $68K. Net investment income was $43K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,214,317 | — | — |
| Revenue | $55,688 | — | — |
| Expenses | $81,136 | — | — |
| Qualifying Distributions | $68,000 | — | — |
| Net Investment Income | $42,552 | — | — |
| Distributable Amount | $60,958 | — | — |
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
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Davidson College ($27,000), Brunswick School ($10,000), Duke University ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DAVIDSON COLLEGE DAVIDSON, NC | PAYMENT FOR EDUCATON SUPPORT | $27,000 |
| MIAMI CITY BALLET MIAMI BEACH, FL | PAYMENT TO SUPPORT ASPIRING DANCERS. | $1,000 |
| WATERSIDE SCHOOL STANFORD, CT | PAYMENT TO SUPPORT LOCAL EDUCATION | $5,000 |
| BRUNSWICK SCHOOL GREENWICH, CT | PAYMENT TO SUPPORT LOCAL EDUCATION | $10,000 |
| DUKE UNIVERSITY DURHAM, NC | PAYMENT FOR EDUCATON SUPPORT | $10,000 |
| SHATTERPROOF A NONPROFIT CORPORATION NORWALK, CT | PAYMENT TO AIDE IN ADDICTION PREVENTION AND SUPPORT. | $1,000 |
| THE LORD'S PLACE INC WEST PALM BEACH, FL | PAYMENT TO HELP PREVENT AND END HOMELESSNESS | $2,500 |
| SOCIETY OF THE FOUR ARTS PALM BEACH, FL | FOR EDUCATIONAL AND CULTURAL PROGRAMS IN THE ARTS. | $5,000 |
| STJUDE CHILDREN'S HOSPITAL NEW CANAAN, CT | IN SUPPORT OF PROVIDNG MEDICAL SERVICES | $5,000 |
| STAMFORD HOSPITAL FOUNDATION STAMFORD, CT | IN SUPPORT OF PROVIDNG MEDICAL SERVICES | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN F OTTO | TRUSTEE | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Otto Family Foundation?
Otto Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MYRTLE BEACH, SC. It holds $1.2M in total assets as of 2024.
How large is Otto Family Foundation?
As of 2024, Otto Family Foundation holds $1.2M in total assets with $56K in annual revenue. It awarded 11 grants totaling $68K in 2024.
Where does Otto Family Foundation operate?
Otto Family Foundation has awarded grants in Connecticut, Florida, North Carolina.
What size grants does Otto Family Foundation award?
In 2024, Otto Family Foundation awarded 11 grants totaling $68K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Otto Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Otto Family Foundation reported a distributable amount of $61K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Otto Family Foundation's EIN?
Otto Family Foundation's EIN (Employer Identification Number) is 92-1658709. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Otto Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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