The Bay Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BAY VILLAGE, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $521K in total assets. In 2024, it awarded 26 grants totaling $52K. Net investment income was $25K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$521K
-1.3% YoY
Annual Giving
$52K
+11.7% YoY
Grant Count
26
+4.0% YoY
Avg Grant Size
$2K
+7.4% YoY
Under IRS private-foundation payout rules, The Bay Foundation reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.
About The Bay Foundation
Based on IRS filings
The Bay Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BAY VILLAGE, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $521K in total assets. In 2024, it awarded 26 grants totaling $52K. Net investment income was $25K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $520,510 | $527,518 | $504,880 |
| Revenue | $53,797 | $72,270 | $33,495 |
| Expenses | $54,430 | $49,407 | $52,399 |
| Qualifying Distributions | $51,550 | $46,150 | $47,500 |
| Net Investment Income | $24,582 | $17,524 | $28,391 |
| Distributable Amount | $37,769 | $34,706 | $33,686 |
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
167 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Desert Mountain Foundation ($10,000), Holy Redeemer Church ($5,000), Bay Alumni Foundation ($4,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ARIZONA MUSICFEST SCOTTSDALE, AZ | ART | $4,000 |
| ART THERAPY STUDIO CLEVELAND, OH | ART | $1,000 |
| ASHLAND UNIVERSITY ASHLAND, OH | EDUCATION | $1,150 |
| BAY ALUMNI FOUNDATION BAY VILLAGE, OH | SOCIAL | $4,500 |
| CAVE CREEK MUSEUM CAVE CREEK, AZ | SOCIAL | $1,000 |
| CHARDON STORM FASTPITCH CHARDON, OH | SOCIAL | $500 |
| CLEVELAND MUSEUM OF ART CLEVELAND, OH | ART | $3,000 |
| CLEVELAND ORCHESTRA CLEVELAND, OH | ART | $3,000 |
| CLEVELAND ZOOLOGICAL SOCIETY CLEVELAND, OH | EDUCATION | $3,000 |
| COMMUNITY LEGAL SERVICE PHILADELPHIA, PA | SOCIAL | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TERRY GIMMELLIE | TRUSTEE | — | — |
| NORMAN G HULL | TRUSTEE | — | — |
| JEFFREY F HULL | TRUSTEE | — | — |
| BROOKS G HULL | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Bay Foundation?
The Bay Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BAY VILLAGE, OH. It holds $521K in total assets as of 2024.
How large is The Bay Foundation?
As of 2024, The Bay Foundation holds $521K in total assets with $54K in annual revenue. It awarded 26 grants totaling $52K in 2024.
Where does The Bay Foundation operate?
The Bay Foundation has awarded grants in Arizona, Colorado, Illinois, Massachusetts, Minnesota, New Mexico, New York, Ohio, Pennsylvania, Tennessee, Virginia.
What size grants does The Bay Foundation award?
In 2024, The Bay Foundation awarded 26 grants totaling $52K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The Bay Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Bay Foundation reported a distributable amount of $38K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Bay Foundation's EIN?
The Bay Foundation's EIN (Employer Identification Number) is 34-1853153. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Bay Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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