Precious Gifts Foundation
Precious Gifts Foundation is a private foundation, based in Cincinnati, OH. IRS filing data is available from 2019 through 2025. In 2025, it awarded 2 grants totaling $138K.
Precious Gifts Foundation at a glance
In short: Precious Gifts Foundation gave $138K across 2 grants in 2025 (avg $69K), mostly in Ohio. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $138,024
- Grants made (2025)
- 2
- Average grant
- $69,012
- Median grant
- $69,012
- Primary geography
- Ohio (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Precious Gifts Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Greater Cincinnati Foundation ($138K across 2 grants).
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 7 grants of 8 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Precious Gifts Foundation gives
- Giving grew 112% from 2022 to 2025. Method
- In 2025 it paid out 786% 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 2020 to 2025, annual grant giving ranged from $4K (2020) to $138K (2025). In 2025 it made 2 grants totaling $138K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Greater Cincinnati Foundation Cincinnati, OH | To support the east side parishes of the catholic church. | $127,655 |
| Greater Cincinnati Foundation Cincinnati, OH | To support the east side parishes of the catholic church. | $10,369 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | — | $-189,720 | $138,132 | $138,024 | 2 | $138,124 | — | $17,577 |
| 2024 | $327,852 | $39,927 | $2,011 | — | — | $1,850 | $36,383 | $15,439 |
| 2023 | $289,936 | $50,388 | $8,702 | $5,000 | 1 | $6,775 | $46,143 | $13,237 |
| 2022 | $248,250 | $91,140 | $68,889 | $65,199 | 3 | $67,799 | $82,089 | $11,248 |
| 2021 | $225,999 | $96,580 | $32,155 | $30,000 | 2 | $31,150 | $88,992 | $8,520 |
| 2020 | $161,574 | $41,274 | $5,834 | $4,275 | 1 | — | $39,263 | $7,400 |
| 2019 | $126,134 | $22,121 | $1,050 | — | — | — | $20,512 | $5,689 |
Under IRS private-foundation payout rules, Precious Gifts Foundation reported a distributable amount of $18K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Precious Gifts Foundation is led by Tom Cassady, President on every filing since 2019; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Tom Cassady
President
On filings since 2019
No compensation reported
Karen Cassady
Treasurer & Secretary
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Precious Gifts Foundation
How much does Precious Gifts Foundation give each year?
Precious Gifts Foundation gave $138K across 2 grants in 2025, according to its 2025 IRS Form 990-PF.
Where does Precious Gifts Foundation operate?
Precious Gifts Foundation has awarded grants in Ohio.
How much is Precious Gifts Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Precious Gifts Foundation reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Precious Gifts Foundation's EIN?
Precious Gifts Foundation's EIN (Employer Identification Number) is 81-4156646. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 16, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 1, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Precious Gifts Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Precious Gifts Foundation's focus areas in our free grants database
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