Richard D Hannan Family Foundation Fifth
The Richard D Hannan Family Foundation Fifth is a private foundation established in 1996 and based in Cincinnati, Ohio. It operates as a modest family foundation with a focus on supporting nonprofits in education, health, arts and culture, and human services, primarily serving the greater Cincinnati area and select organizations in California and the District of Columbia.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
+1.0% YoY
Annual Giving
$142K
+0.2% YoY
Grant Count
63
+3.3% YoY
Avg Grant Size
$2K
-3.0% YoY
Under IRS private-foundation payout rules, Richard D Hannan Family Foundation Fifth reported a distributable amount of $98K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding areas include:
- Education — Supporting educational nonprofits and STEM education initiatives
- Health & Mental Health — With particular emphasis on mental health organizations
- Arts and Culture — Including support for community arts programs
- Human Services — Supporting various human services organizations
The foundation does not maintain a public website, which limits transparency regarding specific grantmaking strategies and detailed priority guidelines.
Grantmaking
The foundation has provided cumulative support exceeding $100,000 to the Community Institute for Psychotherapy over the years, reflecting its commitment to mental health organizations.
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in:
- Greater Cincinnati, Ohio area
- California
- District of Columbia
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $1,787,084
- Total Revenues: $514,869
- Total Expenses: $184,970
- Number of Employees: 0
As of Most Recent 990 Filing (2024):
- Total Assets: $1,804,640
- Total Giving: $141,500
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,804,640 | $1,787,084 | $1,456,515 |
| Revenue | $197,408 | $514,869 | $46,281 |
| Expenses | $193,317 | $184,970 | $227,556 |
| Qualifying Distributions | $158,460 | $164,090 | $204,638 |
| Net Investment Income | $175,520 | $492,429 | $25,633 |
| Distributable Amount | $98,175 | $87,051 | $100,669 |
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 Artworks ($15,000), Ohio Valley Voices Inc ($10,000), Alliance for Catholic Urban Education ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| TRUSTEES OF BOSTON UNIVERSITY BOSTON, MA | MEMORIAL DONATION | $4,000 |
| PRESIDENT AND FELLOWS OF HARVARD COLLEGE CAMBRIDGE, MA | MEMORIAL DONATION | $500 |
| TRUSTEES OF TUFTS COLLEGE MEDFORD, MA | MEMORIAL DONATION | $3,000 |
| WILDLIFE CONSERVATION SOCIETY BRONX, NY | GENERAL OPERATING SUPPORT | $500 |
| AMERICAN CANCER SOCIETY INC CINCINNATI, OH | PROJECT/PROGRAM SUPPORT | $600 |
| AMERICAN FOUNDATION FOR SUICIDE PREVENTION NEW YORK, NY | PROJECT/PROGRAM SUPPORT | $3,000 |
| DOCTORS WITHOUT BORDERS USA INC NEW YORK, NY | PROJECT/PROGRAM SUPPORT | $500 |
| THE SALVATION ARMY CINCINNATI, OH | PROJECT/PROGRAM SUPPORT | $600 |
| AMERICAN HEART ASSOCIATION INC DALLAS, TX | PROJECT/PROGRAM SUPPORT | $300 |
| LEUKEMIA & LYMPHOMA SOCIETY INC RYE BROOK, NY | PROJECT/PROGRAM SUPPORT | $1,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Founders & Leadership:
- Richard Hannan — Founder and President of Mercury Instruments (deceased)
- Jeanne Hannan — Co-founder and continues to steer the foundation
- Lauren Hannan Shafer — Board member at ArtWorks, Saturday Hoops, and Cincinnati Art Museum; daughter of Richard Hannan
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KENNETH R WURTENBERGER | TREASURER & TRUSTEE | 1 | $7,200 |
| FRED ROBBINS | SECRETARY | 1 | — |
| HOLLIE J HANNAN | ADVISOR | 1 | — |
| LAUREN HANNAN SHAFER | ADVISOR | 1 | $7,200 |
Recent News & Activity
Recent developments and announcements
The foundation has demonstrated significant commitment to arts and community development in Cincinnati. The Hannan ArtPark, located in the Walnut Hills neighborhood across from ArtWorks' permanent building, was named in honor of the Hannan Family's generous support. The park features a monumental mural by renowned American artist Charles Gaines and represents the family's dedication to creating positive opportunities for teens and young adults through organizations like ArtWorks and Saturday Hoops.
**Contact Information:**
Phone: 513-534-5310
Address: PO Box 630858, Cincinnati, OH 45263-0858
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Richard D Hannan Family Foundation Fifth fund?
The foundation's primary funding areas include: • **Education** — Supporting educational nonprofits and STEM education initiatives • **Health & Mental Health** — With particular emphasis on mental health organizations • **Arts and Culture** — Including support for community arts programs • **Human Services** — Supporting various human services organizations The foundation does not maintain a public website, which limits transparency regarding specific grantmaking strategies and detailed priorit…
How do I apply for a grant from Richard D Hannan Family Foundation Fifth?
**Grant Activity:** • Made 66 grants in 2023 • Typical grant awards range from $300 to $45,000 • Total giving in recent fiscal year: $141,500 **Recent Grantees (2023):** • Community Institute for Psychotherapy — $30,000 (memorial donation) • CG Jung Institute of San Francisco — $10,000 (project/program support) • Ohio Valley Voices — $10,000 (contribution) **Past Notable Grantees:** • American Foundation for Suicide Prevention • Wounded Warrior Project • Hearing, Speech and Deaf Center of Great…
Where does Richard D Hannan Family Foundation Fifth make grants?
The foundation primarily supports organizations in: • Greater Cincinnati, Ohio area • California • District of Columbia
What size grants does Richard D Hannan Family Foundation Fifth award?
In 2024, Richard D Hannan Family Foundation Fifth awarded 63 grants totaling $142K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Richard D Hannan Family Foundation Fifth required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard D Hannan Family Foundation Fifth reported a distributable amount of $98K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Richard D Hannan Family Foundation Fifth's EIN?
Richard D Hannan Family Foundation Fifth's EIN (Employer Identification Number) is 31-1482697. IRS Form 990 filing data is available on this page for 2020–2024.
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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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