Otto Family Foundation
Otto Family Foundation is a private foundation, based in Myrtle Beach, SC. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $2.2M in total assets. In 2025, it awarded 11 grants totaling $72K. Net investment income was $70K.
Key facts about Otto Family Foundation
In short: Otto Family Foundation gave $72K across 11 grants in 2025 (avg $7K), top state North Carolina. Source: 2025 IRS Form 990-PF.
- EIN
- 92-1658709
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $72,000
- Grants made (2025)
- 11
- Average grant
- $6,545
- Median grant
- $5,000
- Total assets
- $2,210,042
- Primary geography
- North Carolina (49% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.2M
+82.0% YoY
Annual Giving
$72K
+5.9% YoY
Grant Count
11
+0.0% YoY
Avg Grant Size
$7K
+5.9% YoY
Under IRS private-foundation payout rules, Otto Family Foundation reported a distributable amount of $98K for 2025 — the minimum it must pay out in qualifying distributions.
How Otto Family Foundation gives
- 55% of 2025 grantees were also funded in 2024. Method
- In 2025 it paid out 73% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 11 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $68K (2024) to $72K (2025). In 2025 it made 11 grants totaling $72K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Davidson College ($25K). Together the top 10 received $72K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 22 grants of 22 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Davidson College Davidson, NC | Payment for Educaton Support | $25,000 |
| Brunswick School Greenwich, CT | Payment to Support Local Education | $10,000 |
| Duke University Durham, NC | Payment for Educaton Support | $10,000 |
| Society of the Four Arts Palm Beach, FL | For Educational and Cultural Programs in the Arts. | $10,000 |
| The Lord's Place Inc West Palm Beach, FL | Payment to Help Prevent and End Homelessness | $5,000 |
| Bath & Tennis Historic Building Preservation Foundation Inc Palm Beach, FL | Community Support | $5,000 |
| Waterside School Stanford, CT | Payment to Support Local Education | $2,500 |
| Tunnel to Towers Foundation Staten Island, NY | To Support First Responders and Their Families | $2,500 |
| Star Inc Portsmouth, OH | To Support Individuals with Developmental Disabilites | $1,000 |
| Cherokee High School PTSA Canton, GA | Eductational | $500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,210,042 | $1,214,317 | $1,240,826 |
| Revenue | $1,092,925 | $55,688 | $1,240,826 |
| Expenses | $97,200 | $81,136 | $814 |
| Qualifying Distributions | $72,000 | $68,000 | — |
| Net Investment Income | $70,347 | $42,552 | $1,599 |
| Distributable Amount | $98,025 | $60,958 | $2,524 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 9, 2025)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 9, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2022–2024
Leadership & Key People
Officers and directors from IRS filings
Otto Family Foundation is led by John F. Otto, Trustee on every filing since 2022 — the only officer listed, and uncompensated.
Officers on the 2025 filing
John F. Otto
Trustee
On filings since 2022
10 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2022–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Otto Family Foundation
How much does Otto Family Foundation give each year?
Otto Family Foundation gave $72K across 11 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $68K across 11 grants.
What is Otto Family Foundation's typical grant size?
Otto Family Foundation's median grant in 2025 was $5,000, and its average grant was $6,545, across 11 grants on its 2025 IRS Form 990-PF.
Where does Otto Family Foundation give grants?
Otto Family Foundation's top state is North Carolina, with 49% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Florida (28%) and Connecticut (18%). The most frequent recipient cities were Palm Beach, FL (2 grants).
Does Otto Family Foundation give general operating support?
Not in 2025: none of the 11 grants with a stated purpose on Otto Family Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are Otto Family Foundation's largest grantees?
Otto Family Foundation's largest 2025 grantees include Davidson College ($25,000), Brunswick School ($10,000) and Duke University ($10,000), according to its 2025 IRS Form 990-PF. Together they received 63% of its itemized 2025 grant dollars.
How large is Otto Family Foundation?
Otto Family Foundation reported $2.2M in total assets on its 2025 IRS Form 990-PF. It paid out $72K in qualifying distributions that year, against a required minimum of $98K (roughly 5% of its investment assets).
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 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Otto Family Foundation by hand.
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