The Dayton Power and Light Company
The Dayton Power and Light Company Foundation is a private foundation based in Dayton, Ohio, established in 1985. As a 501(c)(3) organization, it operates as the philanthropic arm of the Dayton Power and Light Company and serves as the largest corporate foundation in the region. The foundation distributes every dollar locally within the Miami Valley area.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$26.0M
-1.0% YoY
Annual Giving
$1.6M
+9.9% YoY
Grant Count
54
+14.9% YoY
Avg Grant Size
$30K
-4.3% YoY
Under IRS private-foundation payout rules, The Dayton Power and Light Company reported a distributable amount of $1.6M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation is committed to powering community by making sustainable and positive impacts for future generations. Primary funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Arts and Creative Initiatives
- Historic Preservation
- Journalism
The foundation emphasizes strategic grants aimed at improving quality of life, enhancing organizational sustainability, and engaging volunteerism among area partner organizations.
Grantmaking
The foundation awards both general grants and strategic "Power Grants," which are designed to support new or continued innovative growth initiatives with long-lasting community impact.
Grant Range
s & Activity:**
Average Grant
amount: approximately $29,000
Grant Types
How to Apply
**
Ready to take the next step with The Dayton Power and Light Company?
Geographic Focus
Where this funder awards grants
The foundation concentrates its grantmaking exclusively in Ohio, with primary focus on the Dayton region and Miami Valley area. Grants have also been distributed to organizations in other Ohio cities including Cincinnati and Columbus.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total Assets: $26,009,633
- Total Revenue: $1,503,240
- Total Expenses: $1,602,124
- Net Assets: $25,094,800
- Total Liabilities: $915,000
Historical Giving Trends:
- 2024: $1.5 million in grants
- 2023: $1,634,500 in total giving
- 2021: $1.5 million distributed across 57 grants (highest grantmaking activity on record)
- 2020: $1.4 million in annual giving
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $26,009,633 | $26,264,745 | $26,137,349 |
| Revenue | $1,503,240 | $1,777,187 | $268,375 |
| Expenses | $1,602,124 | $1,459,863 | $1,640,952 |
| Qualifying Distributions | $1,784,823 | $1,512,031 | $340,608 |
| Net Investment Income | $1,476,939 | $1,719,045 | $137,530 |
| Distributable Amount | $1,600,088 | $1,473,070 | $1,694,864 |
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
199 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Dayton Performing Arts Alliance ($120,000), Dayton Children's Hospital ($75,000), Dayton Children's Hospital ($75,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN NATIONAL RED CROSS-DAYTON CHAPTER DAYTON, OH | DISASTER RELIEF/HOME PREPAREDNESS - RESILIENCY | $50,000 |
| AMERICAN NATIONAL RED CROSS-DAYTON CHAPTER DAYTON, OH | HEALTH & HUMAN SERVICES | $50,000 |
| BIG BROTHERS BIG SISTERS OF MIAMI VALLEY DAYTON, OH | YOUTH MENTORING PROGRAMS | $30,000 |
| BOY SCOUTS TECUMSEH COUNCIL SPRINGFIELD, OH | SCOUTING FOR FOOD AND BOY SCOUT GOLF SCRAMBLE | $5,000 |
| BOYS AND GIRLS CLUB OF DAYTON DAYTON, OH | PROJECT LEARN | $50,000 |
| BOYS AND GIRLS CLUB OF DAYTON DAYTON, OH | EDUCATION & EMPLOYMENT READINESS | $50,000 |
| CAPITOL SQUARE FOUNDATION COLUMBUS, OH | OHIOANS IN SPACE | $25,000 |
| CHAMPAIGN CO ARTS COUNCIL URBANA, OH | CHAMPAIGN COUNTY FINE ARTS FESTIVAL | $2,500 |
| CHILDREN'S HUNGER ALLIANCE COLUMBUS, OH | POWER GRANT - ADOPT-A-SCHOOL IN DAYTON | $10,000 |
| CLOTHES THAT WORK DAYTON, OH | EDUCATION & EMPLOYMENT READINESS | $50,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Tom Raga – Executive Director
- Dave Crusey – Chairman and Treasurer
- Brandi Davis-Handy – Trustee
- Mike Russ – Trustee
- Sharon Schroder – Trustee
- Kathryn Storm – Trustee
- Joseph Strines – Secretary
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVE CRUSEY | CHAIRMAN & TREASURER | 0.25 | — |
| BRANDI DAVIS-HANDY | TRUSTEE | 0.25 | — |
| BRIAN HYLANDER | TRUSTEE | 0.25 | — |
| SHARON SCHRODER | TRUSTEE | 0.25 | — |
| KATHRYN STORM | TRUSTEE | 0.25 | — |
| JOSEPH STRINES | SECRETARY | 0.25 | — |
| TOM RAGA | EXECUTIVE DIRECTOR | 3 | — |
Recent News & Activity
Recent developments and announcements
The foundation has demonstrated consistent commitment to regional development. Notable recent grant recipients have included:
The Dayton Power and Light Company Foundation awards grants ...Dayton Performing Arts Alliance ($130,000 for artistic operations)
United Way of the Greater Dayton Area (multiple grants totaling $175,000 for Strong Families Fund and Live United initiatives)
The Dayton Power and Light Company Foundation awards grants ...Wright State University (supporting Engineering Workforce Development Program and Creative Arts Center)
University of Dayton (funding Statehouse Civic Scholars program)
YWCA Dayton (supporting Girls LEAD programs and domestic violence shelter renovations)
The foundation has supported 73 unique organizations across its grantmaking history, with grants ranging from $3,000 to $130,000.
The Dayton Power and Light Company Foundation awards grants ...Frequently Asked Questions
What does The Dayton Power and Light Company fund?
The foundation is committed to powering community by making sustainable and positive impacts for future generations. Primary funding focus areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Arts and Creative Initiatives • Historic Preservation • Journalism The foundation emphasizes strategic grants aimed at improving quality of life, enhancing organizational sustainability, and engaging volunteerism among area partner organizations.
How do I apply for a grant from The Dayton Power and Light Company?
**Grant Ranges & Activity:** • Typical grant awards range from $2,500 to $130,000 • Average grant amount: approximately $29,000 • Median grant amount: $15,000 • Recent annual giving: $1.5 million distributed across 47 grants in 2024 **Grant Types:** The foundation awards both general grants and strategic "Power Grants," which are designed to support new or continued innovative growth initiatives with long-lasting community impact. **Application Process:** Contributions are planned annually. Org…
Where does The Dayton Power and Light Company make grants?
The foundation concentrates its grantmaking exclusively in Ohio, with primary focus on the Dayton region and Miami Valley area. Grants have also been distributed to organizations in other Ohio cities including Cincinnati and Columbus.
What size grants does The Dayton Power and Light Company award?
In 2024, The Dayton Power and Light Company awarded 54 grants totaling $1.6M — an average of about $30K per grant, based on its IRS Form 990 filings.
How much is The Dayton Power and Light Company required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Dayton Power and Light Company reported a distributable amount of $1.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Dayton Power and Light Company's EIN?
The Dayton Power and Light Company's EIN (Employer Identification Number) is 31-1138883. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Dayton Power and Light Company's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Cooper Tire Foundation Inc
AKRON, OH
Assets
$71K
Grants
2
Total Given
$67K
Auburn Education Foundation
CONCORD TOWNSHIP, OH
Assets
$352K
Grants
2
Total Given
$214K
Galpin-white Ta
BROOKLYN, OH
Assets
$16K
Grants
1
Total Given
$887
The Cleveland Superior Arts
CLEVELAND, OH
Assets
$5K
Grants
1
Total Given
$251K
Mary E H Rutter Tr Para 28
BROOKLYN, OH
Assets
$401K
Grants
1
Total Given
$26K
Carrie Peska Memorial Scholarship Fund
ANDOVER, OH
Assets
$19K
Grants
1
Total Given
$4K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Dayton Power and Light Company on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Dayton Power and Light Company to a real strategy.