Synthomer Foundation Inc

BEACHWOOD, OH EIN: 34-1909350 Website

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

Under IRS private-foundation payout rules, Synthomer Foundation Inc reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

Ohio $691K (68%)

New York $192K (19%)

South Carolina $41K (4%)

Pennsylvania $35K (3%)

Georgia $18K (2%)

Alabama $14K (1%)

Wisconsin $10K (1%)

Oklahoma $5K (0%)

+22 more states

Cities

ActonAdaAkronAlexandriaAllianceAnaheimAnn ArborArlingtonAshevilleAshlandAshtabulaAthensAtlantaAuburnAustinBaltimoreBarbertonBartlesvilleBeachwoodBedford Heights

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Foundation

Synthomer Foundation Grants

SYNTHOMER FOUNDATION INC

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Akron Urban League ($35,000), Amer Inst of Chemical Engine ($24,000), Amer Inst of Chemical Engine ($24,000).

Recipient	Purpose	Amount
A KID AGAIN NORTHERN OHIO CH TWINSBURG, OH	PROGRAM/PROJECT SUPPORT	$5,000
ACCESS AKRON, OH	PROGRAM/PROJECT SUPPORT	$20,000
ACCESS ZINC AKRON, OH	PROGRAM/PROJECT SUPPORT	$7,500
AKRON ART MUSEUM AKRON, OH	PROGRAM/PROJECT SUPPORT	$5,000
AKRON CHILDRENS MUSEUM AKRON, OH	PROGRAM/PROJECT SUPPORT	$5,000
AKRON COMM FDN AKRON, OH	PROGRAM/PROJECT SUPPORT	$5,000
AKRON COMM FDN AKRON, OH	PROGRAM/PROJECT SUPPORT	$2,000
AKRON COMM FDN AKRON, OH	PROGRAM/PROJECT SUPPORT	$5,000
AKRON COMM FDN AKRON, OH	PROGRAM/PROJECT SUPPORT	$10,000
AKRON COUNCIL OF ENGINEERING AKRON, OH	PROGRAM/PROJECT SUPPORT	$5,200

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

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Synthomer Foundation Inc fund?

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

How do I apply for a grant from Synthomer Foundation Inc?

**Grant Activity:** • In 2024, the foundation awarded $1.3 million to nonprofit organizations • Total giving in 2024: $1,314,581 • Number of grants awarded in 2024: 289 • Average grant size: approximately $5,000 • Median grant size: approximately $2,500–$4,000 • Grant range: $1,000–$40,000 **Application Process:** The foundation accepts applications from eligible nonprofit organizations.

Where does Synthomer Foundation Inc make grants?

The foundation primarily funds organizations in Ohio, South Carolina, and Pennsylvania.

What size grants does Synthomer Foundation Inc award?

In 2024, Synthomer Foundation Inc awarded 289 grants totaling $1.3M — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Synthomer Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Synthomer Foundation Inc reported a distributable amount of $1.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.