Rhinestone Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CINCINNATI, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $565K in total assets. In 2024, it awarded 6 grants totaling $25K. Net investment income was $32K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$565K
+4.2% YoY
Annual Giving
$25K
-50.0% YoY
Grant Count
6
+500.0% YoY
Avg Grant Size
$4K
-91.7% YoY
Under IRS private-foundation payout rules, Rhinestone Foundation Inc reported a distributable amount of $39K for 2024 — the minimum it must pay out in qualifying distributions.
About Rhinestone Foundation Inc
Based on IRS filings
Rhinestone Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CINCINNATI, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $565K in total assets. In 2024, it awarded 6 grants totaling $25K. Net investment income was $32K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $565,360 | $542,794 | $587,164 |
| Revenue | $18,663 | $17,710 | $15,888 |
| Expenses | $33,965 | $50,933 | $56,029 |
| Qualifying Distributions | $25,000 | $50,000 | $47,000 |
| Net Investment Income | $32,287 | $16,777 | $11,312 |
| Distributable Amount | $39,099 | $34,439 | $31,905 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cincinnati Cancer Advisors ($7,000), Cancer Free Kids ($6,000), Serenelli Project ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CINCINNATI CANCER ADVISORS CINCINNATI, OH | DONATION | $7,000 |
| CANCER FREE KIDS LOVELAND, OH | DONATION | $6,000 |
| SERENELLI PROJECT CINCINNATI, OH | DONATION | $5,000 |
| FILM CINCINNATI CINCINNATI, OH | DONATION | $5,000 |
| CORNERSTONE RENTER EQUITY CINCINNATI, OH | DONATION | $1,500 |
| DEPAUL CRISTO RAY HIGH SCHOOL CINCINNATI, OH | DONATION | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEVIN C HUGHES | BOARD MEMBER | — | — |
| FRANCES T HUGHES | BOARD MEMBER | — | — |
| EMILY T UPTON | BOARD MEMBER | — | — |
| EILEEN T SABATO | BOARD MEMBER | — | — |
| ELISE M HUGHES | BOARD MEMBER | — | — |
| OWEN M HUGHES | BOARD MEMBER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Rhinestone Foundation Inc?
Rhinestone Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CINCINNATI, OH. It holds $565K in total assets as of 2024.
How large is Rhinestone Foundation Inc?
As of 2024, Rhinestone Foundation Inc holds $565K in total assets with $19K in annual revenue. It awarded 6 grants totaling $25K in 2024.
Where does Rhinestone Foundation Inc operate?
Rhinestone Foundation Inc has awarded grants in New York, Ohio.
What size grants does Rhinestone Foundation Inc award?
In 2024, Rhinestone Foundation Inc awarded 6 grants totaling $25K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Rhinestone Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Rhinestone Foundation Inc reported a distributable amount of $39K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Rhinestone Foundation Inc's EIN?
Rhinestone Foundation Inc's EIN (Employer Identification Number) is 81-0870289. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Rhinestone Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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