Synthomer Foundation Inc
Synthomer Foundation Inc is a private foundation based in Beachwood, Ohio. The foundation has a legacy spanning more than 60 years, with roots tracing back to the General Tire and Rubber Foundation, followed by iterations as the GenCorp and OMNOVA foundations before adopting its current name. The foundation is committed to making a positive impact in the communities where Synthomer operates throughout the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$24.2M
+0.9% YoY
Annual Giving
$1.3M
-3.6% YoY
Grant Count
289
-7.7% YoY
Avg Grant Size
$5K
+4.4% YoY
Mission & Focus Areas
The foundation's mantra is "purposeful giving" and a commitment to community support. Primary funding areas include:
- Education
- Health and human services
- Civic initiatives
- The arts
- Philanthropy, voluntarism, and grantmaking
Grantmaking
The foundation accepts applications from eligible nonprofit organizations.
Grant Range
approximately $5,000
Average Grant
approximately $5,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Ohio, South Carolina, and Pennsylvania.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $24,186,919
- Annual giving: $1,314,581
- Revenue: $1,964,940
- Expenses: $1,757,839
- Net investment income: $1,869,636
Historical comparison:
- 2023: Total assets $23,983,054; Total giving $1,615,696
- 2022: Total assets $25,311,855; Total giving $1,621,644
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $24,186,919 | $23,983,054 | $25,311,855 |
| Revenue | $1,964,940 | $413,999 | $1,608,985 |
| Expenses | $1,757,839 | $1,733,870 | $1,710,770 |
| Qualifying Distributions | $1,627,171 | $1,615,696 | $1,621,644 |
| Net Investment Income | $1,869,636 | $786,428 | $1,502,868 |
| Distributable Amount | $1,346,525 | $1,293,962 | $1,361,104 |
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
200 grants across all recorded years
Open Grants
1 open opportunity from Synthomer Foundation Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Theresa Carter — President
- Marshall Moore — Chairman
- Christopher Weber — Treasurer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| S THERESA CARTER | FOUNDATION MANAGER | 40 | $186,130 |
| GREGG GELDART | CHAIRMAN | 1 | — |
| JEFFREY SCRANTON | TREASURER | 1 | — |
| KIMBERLY GRIMM | TRUSTEE | 1 | — |
| JOE MUSKA | SECRETARY | 1 | — |
| AMY CASTLE | TRUSTEE | 1 | — |
| SONYA VARGA | VICE CHAIRMAN | 1 | — |
| JOY GALLO | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Synthomer Foundation Inc on Grantable?
- Assess strategic fit with your organization
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