The Ithan Foundation Inc

Private foundation · Grantmaker West Conshohocken, PA EIN: 23-2896573

The Ithan Foundation Inc is a private foundation, based in West Conshohocken, PA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $6.3M in total assets. In 2025, it awarded 4 grants totaling $281K. Net investment income was $593K.

The Ithan Foundation Inc at a glance

In short: The Ithan Foundation Inc gave $281K across 4 grants in 2025 (avg $70K), top state Maryland. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$280,872
+19.9% vs 2024
Grants made (2025)
4
+0.0% vs 2024
Average grant
$70,218
+19.9% vs 2024
Median grant
$70,218
Total assets
$6,293,268
+3.7% vs 2024
Primary geography
Maryland (25% of itemized 2025 grant dollars)
Latest 990 filing
Form 990-PF, 2025 View filing

Data from IRS Form 990-PF, 2025; updated September 2026.

Who The Ithan Foundation Inc funds

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

Baltimore Community Foundation: $70KBaltimore Community Foundation$70KCommunity Funds Inc: $70KCommunity Funds Inc$70KGulf Coast Community Foundation: $70KGulf Coast CommunityFoundation$70KThe Community Foundation Boulder County: $70KThe Community FoundationBoulder County$70K

The largest 2025 recipient was Baltimore Community Foundation ($70K). Together the top 4 received $281K.

Grant Size Distribution

20 grants across all recorded years

<$50K20$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $50–100K range: 20 grants of 20 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2025 grant dollars across all 4 itemized grants.

Cities

BaltimoreBoulderNew YorkVenice

How The Ithan Foundation Inc gives

  • Giving held roughly steady from 2022 to 2025 (−7%). Method
  • In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K4 grants2020 4 grants2021 4 grants2022 4 grants2023 4 grants2024 4 grants2025

From 2020 to 2025, annual grant giving ranged from $234K (2024) to $390K (2023). In 2025 it made 4 grants totaling $281K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Baltimore Community Foundation Baltimore, MDGrant to Another 501(C)(3) Organization$70,218
Community Funds Inc New York, NYGrant to Another 501(C)(3) Organization$70,218
Gulf Coast Community Foundation Venice, FLGrant to Another 501(C)(3) Organization$70,218
The Community Foundation Boulder County Boulder, COGrant to Another 501(C)(3) Organization$70,218
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$6,293,268$613,266$387,252$280,8724$366,581$592,595$381,662
2024$6,067,254$1,250,830$318,947$234,3524$299,235$1,231,118$345,753
2023$5,153,069$356,254$472,990$390,2444$454,292$337,556$331,587
2022$5,271,363$179,372$394,635$302,6884$376,242$160,979$343,058
2021$5,480,334$352,800$333,783$241,7144$241,714$320,731$387,388
2020$5,461,317$645,570$307,655$237,5324—$251,186$332,187

Under IRS private-foundation payout rules, The Ithan Foundation Inc reported a distributable amount of $382K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

The Ithan Foundation Inc is led by Colin Gardner V, President & Director on every filing since 2020; 3 of 4 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Colin Gardner V

    President & Director

    On filings since 2020

    2 hrs/week

    $15K (2022) → $20K (2025)

  • Jennifer Gardner Glose

    Treasurer & Director

    On filings since 2020

    2 hrs/week

    $15K (2022) → $20K (2025)

  • Kristin L. Gardner

    Vice President & Director

    On filings since 2020

    2 hrs/week

    $15K (2022) → $0 (2025)

  • Susannah A. Gardner

    Secretary & Director

    On filings since 2020

    2 hrs/week

    $15K (2022) → $20K (2025)

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Colin Gardner V — President/Director: $20KColin Gardner VPresident/Director$20KSusannah a Gardner — Secretary/Director: $20KSusannah a GardnerSecretary/Director$20KJennifer Gardner Glose — Treasurer/Director: $20KJennifer Gardner GloseTreasurer/Director$20K

The highest reported compensation on the 2025 filing was $20K, to Colin Gardner V (President/Director). 3 officers or directors reported compensation on that filing.

Frequently asked questions about The Ithan Foundation Inc

How much does The Ithan Foundation Inc give each year?

The Ithan Foundation Inc gave $281K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $234K across 4 grants.

What is The Ithan Foundation Inc's typical grant size?

The Ithan Foundation Inc's median grant in 2025 was $70,218, and its average grant was $70,218, across 4 grants on its 2025 IRS Form 990-PF.

Where does The Ithan Foundation Inc give grants?

The Ithan Foundation Inc's top state is Maryland, with 25% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were New York (25%) and Florida (25%).

Does The Ithan Foundation Inc give general operating support?

Not in 2025: none of the 4 grants with a stated purpose on The Ithan Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Grant to Another 501(C)(3) Organization" (4 grants).

How large is The Ithan Foundation Inc?

The Ithan Foundation Inc reported $6.3M in total assets on its 2025 IRS Form 990-PF. It paid out $367K in qualifying distributions that year, against a required minimum of $382K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is The Ithan Foundation Inc's EIN?

The Ithan Foundation Inc's EIN (Employer Identification Number) is 23-2896573. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(6)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS December 2, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from The Ithan Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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