Signet Love Inspires Foundation is a private 501(c)(3) grantmaking foundation established by Signet Jewelers Ltd. in August 2021. Based in Fairlawn, Ohio, the foundation provides funding and partnership support to nonprofit organizations working to create an equitable and sustainable world, with particular emphasis on supporting underserved populations and advancing social change.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.7M
+0.8% YoY
Annual Giving
$947K
-4.3% YoY
Grant Count
44
-20.0% YoY
Avg Grant Size
$22K
+19.6% YoY
Under IRS private-foundation payout rules, Signet Love Inspires Foundation reported a distributable amount of $437K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is aligned with Signet Jewelers' corporate purpose of "Inspiring Love." The foundation supports 501(c)(3) nonprofit charitable organizations in the United States with two primary focus areas:
- Underserved women and children
- Organizations advocating for equality for all
The foundation also aims to align its grantmaking with the United Nations Sustainable Development Goals, including reducing inequality and providing quality educational opportunities.
Grantmaking
The foundation provides grants to eligible 501(c)(3) nonprofit organizations meeting established criteria. Typical grant awards range from $45 to $1,051,350.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in the United States, with particular grantmaking activity in Ohio, New York, and Texas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $8,729,890
- Total Revenue: $515,636
- Total Expenses: $662,495
- Total Giving: $947,051
- Total Liabilities: $2,150,000
- Net Income: -$146,859
The foundation has been tax-exempt since June 2021.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,729,890 | $8,658,055 | $8,901,198 |
| Revenue | $515,636 | $340,319 | $5,001,274 |
| Expenses | $662,495 | $3,448,762 | $1,311,923 |
| Qualifying Distributions | $947,051 | $989,821 | $1,302,546 |
| Net Investment Income | $471,937 | $318,978 | — |
| Distributable Amount | $436,606 | $421,474 | $443,384 |
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
158 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Children's Medical Center Foundation ($551,940), Family Place ($200,000), American National Red Cross ($50,100).
| Recipient | Purpose | Amount |
|---|---|---|
| ACCESS INC AKRON, OH | GENERAL FUND | $395 |
| ALSACST JUDE CHILDREN'S RESEARCH HOSPITAL MEMPHIS, TN | GENERAL FUND | $22,638 |
| AMERICAN CANCER SOCIETY OHLAHOMA CITY, OK | GENERAL FUND | $1,506 |
| AMERICAN FRIENDS OF MAGEN DAVID ADOM NEW YORK, NY | GENERAL FUND | $1,000 |
| AMERICAN HEART ASSOCIATION DALLAS, TX | GENERAL FUND | $10,650 |
| AMERICAN NATIONAL RED CROSS WASHINGTON, DC | GENERAL FUND | $50,100 |
| AMERICAN RED CROSS OF NORTHERN OHIO AKRON, OH | GENERAL FUND | $10,006 |
| BUSINESS VOLUNTEERS UNLIMITED CLEVELAND, OH | GENERAL FUND | $10,000 |
| CASAGAL PROGRAM OF SUMMIT CO AKRON, OH | GENERAL FUND | $10,050 |
| CHILDREN'S MEDICAL CENTER FOUNDATION DALLAS, TX | GENERAL FUND | $551,940 |
Leadership & Key People
Leadership team and compensation from IRS filings
Virginia C. Drosos serves as CEO of Signet Jewelers and has been instrumental in spearheading the company's philanthropic initiatives, including the establishment of the Signet Love Inspires Foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MATT SWIBEL | PRESIDENT | 1 | — |
| VINCENT CICCOLINI | TREASURER | 1 | — |
| STASH PTAK | SECRETARY | 1 | — |
| COLLEEN ROONEY | DIRECTOR | 1 | — |
| JOAN HILSON | DIRECTOR | 1 | — |
| JAMES KEVIN SYMANCYK | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has demonstrated active grantmaking since its establishment in 2021. In addition to supporting domestic nonprofit organizations, the foundation has extended its impact internationally, providing assistance to victims affected by the conflict in Ukraine.
Signet Love Inspires Foundation Helps Victims in UkraineThe foundation's grantmaking priorities reflect Signet Jewelers' broader corporate citizenship and sustainability commitments, which include championing community impact programs across the communities where the company operates.
[PDF] Corporate Citizenship and Sustainability ReportSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Signet Love Inspires Foundation fund?
The foundation's mission is aligned with Signet Jewelers' corporate purpose of "Inspiring Love." The foundation supports 501(c)(3) nonprofit charitable organizations in the United States with two primary focus areas: 1. **Underserved women and children** 2. **Organizations advocating for equality for all** The foundation also aims to align its grantmaking with the United Nations Sustainable Development Goals, including reducing inequality and providing quality educational opportunities.
How do I apply for a grant from Signet Love Inspires Foundation?
The foundation provides grants to eligible 501(c)(3) nonprofit organizations meeting established criteria. Typical grant awards range from $45 to $1,051,350. In addition to direct grants, the foundation operates a **matching gift program** for Signet U.S. team members who make personal contributions to nonprofit organizations that meet the foundation's criteria. Employee donations must be directed to 501(c)(3) nonprofits based in the United States. Recent grant recipients have included Jewelers…
Where does Signet Love Inspires Foundation make grants?
The foundation primarily funds organizations in the United States, with particular grantmaking activity in Ohio, New York, and Texas.
What size grants does Signet Love Inspires Foundation award?
In 2024, Signet Love Inspires Foundation awarded 44 grants totaling $947K — an average of about $22K per grant, based on its IRS Form 990 filings.
How much is Signet Love Inspires Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Signet Love Inspires Foundation reported a distributable amount of $437K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Signet Love Inspires Foundation's EIN?
Signet Love Inspires Foundation's EIN (Employer Identification Number) is 86-1665611. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Signet Love Inspires 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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