Pierstorf Memorial Fund Ta

BROOKLYN, OH EIN: 34-6946124

Pierstorf Memorial Fund Ta is a private foundation, based in BROOKLYN, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $23.8M in total assets. In 2024, it awarded 2 grants totaling $1.4M. Net investment income was $3.8M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$23.8M

+10.8% YoY

Annual Giving

$1.4M

+28.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$678K

+28.2% YoY

Under IRS private-foundation payout rules, Pierstorf Memorial Fund Ta reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.

About Pierstorf Memorial Fund Ta

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $6.1M (100%)

States

Ohio

Cities

AdaFairview Park

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$23,805,873	$21,493,873	$20,639,516
Revenue	$3,938,374	$2,054,977	$372,790
Expenses	$1,579,910	$1,200,916	$1,523,285
Qualifying Distributions	$1,390,201	$1,087,309	$1,389,546
Net Investment Income	$3,813,907	$1,944,973	$277,136
Distributable Amount	$1,319,750	$1,162,481	$1,181,945

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Messiah Lutheran Church ($753,123), Ohio Northern University ($602,150).

Recipient	Purpose	Amount
MESSIAH LUTHERAN CHURCH FAIRVIEW PARK, OH	GENERAL OPERATING	$753,123
OHIO NORTHERN UNIVERSITY ADA, OH	GENERAL OPERATING	$602,150

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KEYBANK N A	TRUSTEE	1	$134,713

Frequently Asked Questions

How large is Pierstorf Memorial Fund Ta?

As of 2024, Pierstorf Memorial Fund Ta holds $23.8M in total assets with $3.9M in annual revenue. It awarded 2 grants totaling $1.4M in 2024.

Where does Pierstorf Memorial Fund Ta operate?

Pierstorf Memorial Fund Ta has awarded grants in Ohio.

What size grants does Pierstorf Memorial Fund Ta award?

In 2024, Pierstorf Memorial Fund Ta awarded 2 grants totaling $1.4M — an average of about $678K per grant, based on its IRS Form 990 filings.

How much is Pierstorf Memorial Fund Ta required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Pierstorf Memorial Fund Ta reported a distributable amount of $1.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.