The Alpaugh Foundation
The Alpaugh Foundation is a private foundation established in 1986 and based in Cincinnati, Ohio. Operating as a 501(c)(3) organization since April 1988, the foundation supports a diverse range of charitable causes through grantmaking to nonprofit organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.4M
+1.6% YoY
Annual Giving
$206K
-24.3% YoY
Grant Count
35
-53.3% YoY
Avg Grant Size
$6K
+62.2% YoY
Under IRS private-foundation payout rules, The Alpaugh Foundation reported a distributable amount of $399K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation funds initiatives across multiple areas of interest:
- Education of public policy
- Community enrichment
- Government education
- Post-secondary education institutions
- Animal rescue and education
- Preservation of open spaces
- Arts and culture
- Health
- Social services
- Historical heritage preservation
- Environment and conservation
- Children and youth
Grantmaking
The foundation is open to new applicants, with approximately 12% of new applicants receiving funding.
Grant Range
approximately $15,000
Average Grant
approximately $15,000
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Geographic Focus
Where this funder awards grants
The foundation primarily supports nonprofit organizations in Ohio, with emphasis on the Cincinnati area. However, grantmaking extends across numerous U.S. cities and states, including Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Indiana, Kentucky, Maryland, Massachusetts, Michigan, Montana, New Jersey, New York, Ohio, Texas, Vermont, and Virginia, as well as Washington, D.C.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue:
- Total Assets (2024): $4,446,265
- Total Assets (2023): $4,376,993
- Total Revenue (2024): $338,993
- Total Revenue (2023): $92,165
- Total Expenses (2024): $269,682
- Total Expenses (2023): $338,724
- Net Income (2024): $69,311
- Total Liabilities (2024): $39
Revenue Composition (2024):
- Contributions Received: $40,004 (11.8% of total revenue)
- Investment Income: 53.4% of total revenue
- Other sources: 34.8% of total revenue
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,446,304 | $4,376,993 | $4,624,171 |
| Revenue | $338,993 | $92,165 | $274,410 |
| Expenses | $269,682 | $338,724 | $336,288 |
| Qualifying Distributions | $208,750 | $282,583 | $271,124 |
| Net Investment Income | $221,246 | $115,116 | $164,683 |
| Distributable Amount | $398,713 | $364,005 | $405,728 |
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
235 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Alpaugh Family Economic Center ($28,000), Cincinnati Art Museum ($25,000), Buckeye Institute ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACCURACY IN MEDIA WASHINGTON, DC | OBJECTIVITY OF MEDIA | $100 |
| ASHBROOK CENTER ASHLAND, OH | EDUCATION OF PUBLIC POLICY | $250 |
| BEECH ACRES CINCINNATI, OH | SUPPORT OF THE FAMILY UNIT | $5,000 |
| BISHOP MUSEUM HONOLULU, HI | HISTORICAL HERITAGE PRESERVATION | $100 |
| BUCKEYE INSTITUTE COLUMBUS, OH | EDUCATION OF FREE MARKET | $20,000 |
| CINCINNATI ART MUSEUM CINCINNATI, OH | INSPIRATION OF COMMUNITY THROUGH ART | $25,000 |
| CINCINNATI HISTORICAL SOCIETY CINCINNATI, OH | PRESERVATION OF HISTORY | $3,000 |
| CINCINNATI NATURE CENTER MILFORD, OH | NATURAL WORLD EDUCATION FOR THE YOUNG | $5,000 |
| CINCINNATI PARKS FOUNDATION CINCINNATI, OH | ENHANCEMENT OF CITY PARKS | $500 |
| CINCINNATI ZOO SOCIETY CINCINNATI, OH | EDUCATION OF ANIMALS AND NATURE | $20,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Peter A. Alpaugh serves as the foundation's voluntary manager, dedicating 2 hours per week without compensation. Peter Alpaugh has supported the Alpaugh Family Economics Center for decades through leadership, engagement, and major gifts.
The foundation's work reflects the legacy of Walter "Pete" Alpaugh, Peter's father, who was one of the original founders of the Alpaugh Family Economics Center at the University of Cincinnati in 1976.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PETER A ALPAUGH | MANAGER | 2 | — |
Recent News & Activity
Recent developments and announcements
The Alpaugh Foundation announced a $10 million estate gift to support the Alpaugh Family Economics Center at the University of Cincinnati. This planned gift reflects Peter Alpaugh's lifetime commitment to the center's mission of providing financial and economic education to young people.
Alpaugh Family Legacy Continues | Mirage NewsPrior to this estate gift, the Alpaugh family has donated more than $6 million to the University of Cincinnati, primarily supporting the Alpaugh Family Economics Center and the College of Education, Criminal Justice, and Human Services.
Alpaugh Family Legacy Continues | Mirage NewsThe Alpaugh Family Economics Center provides award-winning financial and economic programs and curriculum to tens of thousands of students annually, operates the free online financial education platform Smart Path, and conducts sophisticated economic research analyses.
Alpaugh Family Legacy Continues | Mirage NewsFrequently Asked Questions
What does The Alpaugh Foundation fund?
The foundation funds initiatives across multiple areas of interest: • Education of public policy • Community enrichment • Government education • Post-secondary education institutions • Animal rescue and education • Preservation of open spaces • Arts and culture • Health • Social services • Historical heritage preservation • Environment and conservation • Children and youth
How do I apply for a grant from The Alpaugh Foundation?
**Grant Activity:** • Made 96 grants in fiscal year 2023 • Made 75 grants in fiscal year 2024 • Typical grant awards range from $100 to $26,150 • Average grant size approximately $15,000 **Recent Grant Examples (2023):** • SPCA Cincinnati: $26,150 (Animal Rescue and Education) • The Alpaugh Family Economic Center for Education and Research: $26,000 (Economics Education for Young People) • Cincinnati Art Museum: $25,000 (Community Enrichment Through Art) **Total Annual Giving:** • Fiscal Year 20…
Where does The Alpaugh Foundation make grants?
The foundation primarily supports nonprofit organizations in Ohio, with emphasis on the Cincinnati area. However, grantmaking extends across numerous U.S. cities and states, including Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Indiana, Kentucky, Maryland, Massachusetts, Michigan, Montana, New Jersey, New York, Ohio, Texas, Vermont, and Virginia, as well as Washington, D.C.
What size grants does The Alpaugh Foundation award?
In 2024, The Alpaugh Foundation awarded 35 grants totaling $206K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Alpaugh Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Alpaugh Foundation reported a distributable amount of $399K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Alpaugh Foundation's EIN?
The Alpaugh Foundation's EIN (Employer Identification Number) is 31-6314074. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Alpaugh 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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