The Goodyear Foundation
The Goodyear Foundation is a corporate foundation located in Akron, Ohio, established in 1945 and incorporated in Delaware. It has held tax-exempt status since May 1955. The foundation is company-sponsored and operates from 200 Innovation Way, Akron, OH 44316-0001.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.3M
-9.7% YoY
Annual Giving
$1.3M
-38.1% YoY
Grant Count
7
+0.0% YoY
Avg Grant Size
$192K
-38.1% YoY
Under IRS private-foundation payout rules, The Goodyear Foundation reported a distributable amount of $422K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports organizations involved with higher education. Recent grant activity demonstrates support for cultural institutions and arts organizations as well.
Grantmaking
The foundation has supported initiatives including multi-year grants for safe mobility programs and STEM education scholarships and grants through Goodyear's annual STEM Career Day.
Grant Range
$282,800
Average Grant
$247,800
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Ohio, with a particular emphasis on the Akron area and broader regional institutions.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $7,254,566
- Total revenues: $611,262
- Total expenses: $1,387,321
- Investment income and dividends: $269,659
- Net gain from sale of non-inventory assets: $341,603
As of December 2023:
- Total assets: $8.7 million
- Total giving: $743,500
Revenue Composition (2024): The foundation's revenue derives primarily from investment income and gains on asset sales rather than direct contributions, reflecting its endowment-based structure.
Staffing: The foundation operates with zero employees, relying on volunteer leadership.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,254,566 | $8,030,624 | $8,728,364 |
| Revenue | $611,262 | $1,507,264 | $171,628 |
| Expenses | $1,387,321 | $2,203,930 | $796,637 |
| Qualifying Distributions | $1,344,008 | $2,170,508 | $743,508 |
| Net Investment Income | $576,964 | $474,042 | $181,729 |
| Distributable Amount | $422,003 | $387,270 | $472,993 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The University of Akron ($386,250), Akron Childrens Hospital ($282,758), Cleveland Orchestra ($175,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Akron Childrens Hospital Akron, OH | Donation | $282,758 |
| Cleveland Orchestra Cleveland, OH | Donation | $175,000 |
| The University of Akron Akron, OH | Donation | $386,250 |
| Akron Art Museum Akron, OH | Donation | $150,000 |
| The Well CDC Akron, OH | Donation | $150,000 |
| Catholic Charities Akron, OH | Donation | $50,000 |
| Akron Bicentennial Akron, OH | Donation | $150,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Richard J Kramer – Chairman & President
- Laura P Duda – Vice President and Executive Director
- Evan M Scocos – Vice President & Controller
- Christina L Zamarro – Vice President & Treasurer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mark Stewart | Chairman and President | 0.1 | — |
| Margaret V Snyder | Vice President and Controller | 0.5 | — |
| Jordan Coughlin | Vice President and Treasurer | 0.25 | — |
| Marcio Righetti | Assistant Treasurer | 0.25 | — |
| Daniel T Young | Vice President and Secretary | 0.25 | — |
| Jennifer L Strazzella | Assistant Secretary | 0.25 | — |
| Laura P Duda | Vice President and Executive Director | 0.25 | — |
Recent News & Activity
Recent developments and announcements
The foundation has demonstrated ongoing commitment to community initiatives, including multi-year grants supporting safe mobility programs in partnership with local institutions. The foundation has also been active in supporting STEM education through scholarship and grant programs.
Safer \u2013 and stronger \u2013 together: The Goodyear Foundation renews\Frequently Asked Questions
What does The Goodyear Foundation fund?
The foundation supports organizations involved with higher education. Recent grant activity demonstrates support for cultural institutions and arts organizations as well.
How do I apply for a grant from The Goodyear Foundation?
**Grant Activity & Amounts:** • The foundation made three grants in 2024 • Recent grants include: • The Cleveland Orchestra: $175,000 (December 2024) • Akron Art Museum: $150,000 (December 2024) • Median grant size: $282,800 • Average grant size: $247,800 **Historical Context:** The foundation has supported initiatives including multi-year grants for safe mobility programs and STEM education scholarships and grants through Goodyear's annual STEM Career Day.
Where does The Goodyear Foundation make grants?
The foundation primarily funds organizations in Ohio, with a particular emphasis on the Akron area and broader regional institutions.
What size grants does The Goodyear Foundation award?
In 2024, The Goodyear Foundation awarded 7 grants totaling $1.3M — an average of about $192K per grant, based on its IRS Form 990 filings.
How much is The Goodyear Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Goodyear Foundation reported a distributable amount of $422K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Goodyear Foundation's EIN?
The Goodyear Foundation's EIN (Employer Identification Number) is 34-6522959. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Goodyear 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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