The Otto M Budig Family Foundation
The Otto M Budig Family Foundation is a private foundation focused on Arts and culture, based in CINCINNATI, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $512 in total assets. In 2024, it awarded 6 grants totaling $380K. Net investment income was $1.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$512
-8.9% YoY
Annual Giving
$380K
+21.7% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$63K
+21.7% YoY
Under IRS private-foundation payout rules, The Otto M Budig Family Foundation reported a distributable amount of $36 for 2024 — the minimum it must pay out in qualifying distributions.
About The Otto M Budig Family Foundation
Based on IRS filings
The Otto M Budig Family Foundation is a private foundation focused on Arts and culture, based in CINCINNATI, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $512 in total assets. In 2024, it awarded 6 grants totaling $380K. Net investment income was $1.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $512 | $562 | $102 |
| Revenue | $381,851 | $312,700 | — |
| Expenses | $381,901 | $312,240 | — |
| Qualifying Distributions | $380,950 | $312,240 | — |
| Net Investment Income | $1 | — | — |
| Distributable Amount | $36 | $22 | $5 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cincinnati Shakespeare Company ($200,000), Cincinnati Ballet ($100,000), Cincinnati Public Radio ($40,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CARNEGIE CENTER COVINGTON, KY | UNRESTRICTED CONTRIBUTION | $25,000 |
| CINCINNATI BALLET CINCINNATI, OH | UNRESTRICTED CONTRIBUTION | $100,000 |
| CINCINNATI PUBLIC RADIO CINCINNATI, OH | UNRESTRICTED CONTRIBUTION | $40,000 |
| CINCINNATI SHAKESPEARE COMPANY CINCINNATI, OH | UNRESTRICED CONTRIBUTION | $200,000 |
| THE OHIO JUSTICE & POLICY CENTER CINCINNATI, OH | UNRESTRICTED CONTRIBUTION | $5,000 |
| THE CHILDREN'S THEATRE CINCINNATI, OH | UNRESTRICTED CONTRIBUTION | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| OTTO M BUDIG | PRESIDENT | 1 | — |
| SANDRA F BUDIG | TRUSTEE | 0.5 | — |
| DAVID H BUDIG | TRUSTEE | 0.5 | — |
| JULIE B HELD | TRUSTEE | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Otto M Budig Family Foundation?
The Otto M Budig Family Foundation is a private foundation focused on Arts and culture, based in CINCINNATI, OH. It holds $512 in total assets as of 2024.
How large is The Otto M Budig Family Foundation?
As of 2024, The Otto M Budig Family Foundation holds $512 in total assets with $382K in annual revenue. It awarded 6 grants totaling $380K in 2024.
Where does The Otto M Budig Family Foundation operate?
The Otto M Budig Family Foundation has awarded grants in Kentucky, Ohio.
What size grants does The Otto M Budig Family Foundation award?
In 2024, The Otto M Budig Family Foundation awarded 6 grants totaling $380K — an average of about $63K per grant, based on its IRS Form 990 filings.
How much is The Otto M Budig Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Otto M Budig Family Foundation reported a distributable amount of $36 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Otto M Budig Family Foundation's EIN?
The Otto M Budig Family Foundation's EIN (Employer Identification Number) is 31-1411132. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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