Premier Bank Foundation
The Premier Bank Foundation is a private foundation based in Canfield, Ohio, established in 1992. It operates as a 501(c)(3) organization and is also known as the Home Savings Charitable Foundation. The foundation supports charitable causes through grants and multi-year pledges to nonprofit organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.6M
+16.3% YoY
Annual Giving
$1.4M
-1.3% YoY
Grant Count
461
-5.1% YoY
Avg Grant Size
$3K
+4.1% YoY
Under IRS private-foundation payout rules, Premier Bank Foundation reported a distributable amount of $787K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation primarily funds sponsorship, charitable initiatives, program support, and scholarships through multi-year pledges. In 2024, the foundation made 512 grants totaling $838,038 across its grantee portfolio.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking reflects a focus on the Youngstown, Ohio area and surrounding regions, including Mahoning Valley and Defiance County.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total Assets: $10,600,623
- Total Revenues: $3,054,346
- Total Expenses: $1,567,785
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,600,623 | $9,114,062 | $10,581,668 |
| Revenue | $3,054,346 | $45,932 | $801,429 |
| Expenses | $1,567,785 | $1,513,538 | $1,561,927 |
| Qualifying Distributions | $1,459,860 | $1,417,171 | $1,457,778 |
| Net Investment Income | $2,953,800 | $267,083 | $709,934 |
| Distributable Amount | $786,556 | $705,797 | $725,257 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Red Cross ($30,000), Akron Area Ymca ($20,000), Akron Childrens Hospital of ($16,667).
| Recipient | Purpose | Amount |
|---|---|---|
| ACTION INC YOUNGSTOWN, OH | SPONSORSHIP | $500 |
| ADRIAN CENTER FOR THE ARTS ADRIAN, MI | SPONSORSHIP | $1,000 |
| ADRIAN COLLEGE ADRIAN, MI | SCHOLARSHIP | $2,000 |
| AFRICAN AMERICAN FESTIVAL TOLEDO, OH | SPONSORSHIP | $2,000 |
| AFRICAN AMERICAN LEGACY PROJECT TOLEDO, OH | SPONSORSHIP | $1,250 |
| AFRICAN AMERICAN MALE WELLNESS COLUMBUS, OH | SPONSORSHIP | $500 |
| AGING AND IN-HOME SERVICES OF NORT FORT WAYNE, IN | SPONSORSHIP | $500 |
| AKRON AREA YMCA AKRON, OH | SPONSORSHIP | $10,000 |
| AKRON AREA YMCA AKRON, OH | CHARITABLE | $20,000 |
| AKRON CHILDRENS HOSPITAL OF YOUNGSTOWN, OH | CHARITABLE | $16,667 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PREMIER BANK | TRUSTEE | 8 | $93,688 |
Recent News & Activity
Recent developments and announcements
The foundation has been active in supporting community initiatives, including awards for bilingual financial and cyber literacy programs, food security efforts, and rescue mission support services.
PremierBank awarded Bankers Foundation grant for bilingual financial andFrequently Asked Questions
How do I apply for a grant from Premier Bank Foundation?
The foundation primarily funds sponsorship, charitable initiatives, program support, and scholarships through multi-year pledges. In 2024, the foundation made 512 grants totaling $838,038 across its grantee portfolio. **Recent Grant Examples:** • Youngstown Sister Cities Program: $50,000 (multi-year pledge) • United Way of Youngstown and the Mahoning Valley: $31,000 (program support) • Defiance County Homegrown Workforce: $28,000 (charitable) The foundation has also awarded grants to organizati…
Where does Premier Bank Foundation make grants?
The foundation's grantmaking reflects a focus on the Youngstown, Ohio area and surrounding regions, including Mahoning Valley and Defiance County.
What size grants does Premier Bank Foundation award?
In 2024, Premier Bank Foundation awarded 461 grants totaling $1.4M — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Premier Bank Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Premier Bank Foundation reported a distributable amount of $787K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Premier Bank Foundation's EIN?
Premier Bank Foundation's EIN (Employer Identification Number) is 34-1695319. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Premier Bank Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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