The Highfield Foundation Fifth Third Bank

CINCINNATI, OH EIN: 31-6391904

The Highfield Foundation Fifth Third Bank is a private foundation based in Cincinnati, Ohio, established in 1991. Fifth Third Bank, N.A. serves as trustee for the foundation. The foundation is a 501(c)(3) tax-exempt organization with a focus on grantmaking across multiple program areas.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.6M

-3.5% YoY

Annual Giving

$225K

+4.2% YoY

Grant Count

-9.7% YoY

Avg Grant Size

$8K

+15.3% YoY

Under IRS private-foundation payout rules, The Highfield Foundation Fifth Third Bank reported a distributable amount of $246K 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 grantmaking focuses on:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services
Science and STEM Education
Environmental Education
Community and School Gardens
Renewable Energy

Grantmaking

The foundation does not currently have active grant opportunities listed. Grant requests are reviewed by the Foundation Office at Fifth Third Bank, which administers private family foundations for which Fifth Third Bank serves as trustee or agent.

Grant Range

$1,000–$35,000

Average Grant

$7,000

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Geographic Focus

Where this funder awards grants

The foundation's grantmaking is primarily concentrated in California, Washington, and Vermont.

Grant Distribution by State

California $260K (22%)

New Hampshire $219K (19%)

Michigan $197K (17%)

Vermont $132K (11%)

Massachusetts $85K (7%)

Oregon $67K (6%)

Florida $38K (3%)

District of Columbia $35K (3%)

+11 more states

States

California Colorado District of Columbia Florida Indiana Kentucky Louisiana Massachusetts Michigan Minnesota Montana North Carolina New Hampshire New Mexico New York Oregon Virginia Vermont Washington

Cities

AndoverAnn ArborArcataArlingtonBaton RogueBen LomondBerkeleyBostonBozemanCambridgeCedarvilleDenverDetroitDurhamFlintGainesvilleGardinerHanoverHesselIndianapolis

Financial History

Multi-year comparison from IRS filings

As of Fiscal Year Ending September 2024:

Total Assets: $4,580,560
Total Revenue: $144,969
Total Expenses: $311,168
Total Liabilities: $0
Number of Employees: 1

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,580,560	$4,746,761	$3,148,563
Revenue	$144,969	$1,868,810	$252,311
Expenses	$311,168	$269,825	$345,969
Qualifying Distributions	$233,976	$224,453	$279,788
Net Investment Income	$96,687	$1,821,806	$197,433
Distributable Amount	$245,632	$203,853	$254,711

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

171 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Proctor Academy ($33,000), Massachusetts English Learner ($30,000), Vermont Land Trust Inc ($16,000).

Recipient	Purpose	Amount
Proctor Academy Andover, NH	ENDOWMENT	$33,000
Vermont Land Trust Inc MONTPELIER, VT	GENERAL OPERATING SUPPORT	$16,000
HOMELESS EMPOWERMENT PROJECT INC CAMBRIDGE, MA	PROJECT/PROGRAM SUPPORT	$5,000
National Center for Science Education OAKLAND, CA	GENERAL OPERATING SUPPORT	$3,000
MINNESOTA INDIAN WOMENS SEXUAL SAINT PAUL, MN	GENERAL OPERATING SUPPORT	$5,000
Community Gallery Inc dba AVA Gallery & Ar Lebanon, NH	PROJECT/PROJECT SUPPORT	$5,000
KURT VONNEGUT MEMORIAL LIBRARY INDIANAPOLIS, IN	PROJECT/PROGRAM SUPPORT	$7,500
Caravan to Class Sausalito, CA	PROJECT/PROGRAM SUPPORT	$5,000
BROOKE USA INC LEXINGTON, KY	PROGRAM/PROJECT SUPPORT	$5,000
Yellowstone Forever GARDINER, MT	GENERAL OPERATING SUPPORT	$4,000

Leadership & Key People

Leadership team and compensation from IRS filings

Matthew Carothers – Trustee (as of December 2023)
Fifth Third Bank N.A. – Trustee

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
FIFTH THIRD BANK N A	TRUSTEE	1	$53,809

Frequently Asked Questions

What does The Highfield Foundation Fifth Third Bank fund?

The foundation's grantmaking focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Science and STEM Education • Environmental Education • Community and School Gardens • Renewable Energy

How do I apply for a grant from The Highfield Foundation Fifth Third Bank?

**Grant Activity:** • Total giving: $225,000 (most recent fiscal year) • Number of grants: 31 • Typical grant range: $1,000–$35,000 • Median grant size: $5,000 • Average grant size: $7,000 **Recent Grants (2024):** • Proctor Academy: $33,000 (Endowment) • Vermont Land Trust: $16,000 (General Operating Support) • New Avenues for Youth: $16,000 (General Operating Support) The foundation does not currently have active grant opportunities listed. Grant requests are reviewed by the Foundation Office…

Where does The Highfield Foundation Fifth Third Bank make grants?

The foundation's grantmaking is primarily concentrated in California, Washington, and Vermont.

What size grants does The Highfield Foundation Fifth Third Bank award?

In 2024, The Highfield Foundation Fifth Third Bank awarded 28 grants totaling $225K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is The Highfield Foundation Fifth Third Bank required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Highfield Foundation Fifth Third Bank reported a distributable amount of $246K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Highfield Foundation Fifth Third Bank's EIN?

The Highfield Foundation Fifth Third Bank's EIN (Employer Identification Number) is 31-6391904. IRS Form 990 filing data is available on this page for 2020–2024.