Pay It Forward Foundation
Pay It Forward Foundation is a private foundation, based in Columbus, OH. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $5.2M in total assets. In 2024, it awarded 2 grants totaling $344K. Net investment income was $7K.
Pay It Forward Foundation at a glance
In short: Pay It Forward Foundation gave $344K across 2 grants in 2024 (avg $172K), mostly in Ohio. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $344,350
- -31.1% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $172,175
- -31.1% vs 2023
- Median grant
- $172,175
- Total assets
- $5,187,263
- -1.2% vs 2023
- Primary geography
- Ohio (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Pay It Forward Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Salvation Army ($250K). Together the top 2 received $344K.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $250–500K range: 4 grants of 6 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Pay It Forward Foundation gives
- Giving grew 6787% from 2021 to 2024. Method
- In 2022 it paid out 226% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $5K (2021) to $500K (2023). In 2024 it made 2 grants totaling $344K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Salvation Army Columbus, OH | General | $250,000 |
| Stratford Ecological Delaware, OH | General operating. | $94,350 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $5,187,263 | $226,166 | $384,753 | $344,350 | 2 | $384,001 | $7,039 | — |
| 2023 | $5,251,500 | $1,150,670 | $539,183 | $500,000 | 2 | $500,000 | $111,487 | — |
| 2022 | $4,660,875 | $714,713 | $274,221 | $250,000 | 1 | $500,000 | $2,684 | $221,588 |
| 2021 | $4,250,000 | $4,250,000 | $5,000 | $5,000 | 1 | $5,000 | — | — |
Leadership & Key People
Officers and directors from IRS filings
Pay It Forward Foundation's 2024 filing lists 5 officers; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael A Petrecca
Director
On filings since 2021
1 hr/week
No compensation reported
Robert Koblentz
Director
On filings since 2022
1 hr/week
No compensation reported
Charles R Gehring
Director
On filings since 2023
1 hr/week
No compensation reported
Erika R Haupt
Secretary
Director → Secretary, 2023
On filings since 2021
1 hr/week
No compensation reported
Larry R Wendling
Treasurer
On filings since 2021
5 hrs/week
No compensation reported
Former officers (1)
- Former: Chuck Gehring (2021–2022) — Director
Data from IRS Form 990 filings, 2021–2024. "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 Pay It Forward Foundation
How much does Pay It Forward Foundation give each year?
Pay It Forward Foundation gave $344K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $500K across 2 grants.
How large is Pay It Forward Foundation?
Pay It Forward Foundation reported $5.2M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $226K.
Where does Pay It Forward Foundation operate?
Pay It Forward Foundation has awarded grants in Ohio.
What is Pay It Forward Foundation's EIN?
Pay It Forward Foundation's EIN (Employer Identification Number) is 86-3471213. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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Browse active grant opportunities in Pay It Forward Foundation's focus areas in our free grants database
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Figures come from Pay It Forward Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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