Ronald and Florence Koetters Foundation
Ronald and Florence Koetters Foundation is a private foundation, based in Cincinnati, OH. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $30.8M in total assets. In 2024, it awarded 5 grants totaling $1.7M. Net investment income was $8.5M.
Ronald and Florence Koetters Foundation at a glance
In short: Ronald and Florence Koetters Foundation gave $1.7M across 5 grants in 2024 (avg $345K), mostly in Ohio. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,725,781
- Grants made (2024)
- 5
- Average grant
- $345,156
- Median grant
- $100,781
- Total assets
- $30,784,893
- +152.4% vs 2023
- Primary geography
- Ohio (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Ronald and Florence Koetters Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Cincinnati Children's Hospital Medical Center ($1.0M). Together the top 4 received $1.7M.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 2 grants of 5 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
How Ronald and Florence Koetters Foundation gives
- In 2024 it paid out 198% 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
In 2024 it made 5 grants totaling $1.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cincinnati Children's Hospital Medical Center Cincinnati, OH | Projectsearch Gift Agreement | $1,000,000 |
| Cincinnati Symphony Orchestra Cincinnati, OH | Music for All Campaign Pledge | $500,000 |
| Xavier Jesuit Academy Cincinnati, OH | General Operating Support | $100,781 |
| Prokids Cincinnati, OH | Every Child in Need Initiative | $100,000 |
| Cincinnati Symphony Orchestra Cincinnati, OH | 2024 Orchestra Fund Gift | $25,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $30,784,893 | $23,594,202 | $1,890,150 | $1,725,781 | 5 | $1,754,044 | $8,481,581 | $886,490 |
| 2023 | $12,195,054 | $17,845,509 | $23,455 | — | — | — | $2,523,369 | $26,749 |
Under IRS private-foundation payout rules, Ronald and Florence Koetters Foundation reported a distributable amount of $886K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ronald and Florence Koetters Foundation is led by Michael D. Barnes, President on every filing since 2023; none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael D. Barnes
President
On filings since 2023
1 hr/week
No compensation reported
David R. Valz
Director
On filings since 2023
1 hr/week
No compensation reported
Florence C. Koetters
Director
On filings since 2023
1 hr/week
No compensation reported
Jerome J. Corbett Jr.
Director
On filings since 2023
1 hr/week
No compensation reported
Joseph L. Koetters II
Director
On filings since 2023
1 hr/week
No compensation reported
Thomas Johnson
Director
New on the 2024 filing
1 hr/week
No compensation reported
Tara N. Adams
Secretary & Treasurer
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2024. "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 Ronald and Florence Koetters Foundation
How much does Ronald and Florence Koetters Foundation give each year?
Ronald and Florence Koetters Foundation gave $1.7M across 5 grants in 2024, according to its 2024 IRS Form 990-PF.
What is Ronald and Florence Koetters Foundation's typical grant size?
Ronald and Florence Koetters Foundation's median grant in 2024 was $100,781, and its average grant was $345,156, across 5 grants on its 2024 IRS Form 990-PF.
Where does Ronald and Florence Koetters Foundation give grants?
Ronald and Florence Koetters Foundation gives mostly in Ohio: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Cincinnati, OH (5 grants).
Does Ronald and Florence Koetters Foundation give general operating support?
Yes: 20% of Ronald and Florence Koetters Foundation's 2024 grants with a stated purpose (1 of 5) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Ronald and Florence Koetters Foundation's largest grantees?
Ronald and Florence Koetters Foundation's largest 2024 grantees include Cincinnati Children's Hospital Medical Center ($1,000,000), Cincinnati Symphony Orchestra ($525,000 across 2 grants) and Xavier Jesuit Academy ($100,781), according to its 2024 IRS Form 990-PF. Together they received 94% of its itemized 2024 grant dollars.
How large is Ronald and Florence Koetters Foundation?
Ronald and Florence Koetters Foundation reported $30.8M in total assets on its 2024 IRS Form 990-PF. It paid out $1.8M in qualifying distributions that year, against a required minimum of $886K (roughly 5% of its investment assets).
What is Ronald and Florence Koetters Foundation's EIN?
Ronald and Florence Koetters Foundation's EIN (Employer Identification Number) is 93-2379412. IRS Form 990 filing data is available on this page for 2023–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
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