The Paul and Carol David Foundation

CANTON, OH EIN: 34-1319236 Website

The Paul and Carol David Foundation is a private 501(c)(3) foundation established in September 1980 and based in Canton, Ohio. The foundation was created by Paul and Carol David, who built Camelot Music into a nationally recognized music retail chain with over 400 stores before its sale in 1993. The foundation's creation was rooted in the David family's commitment to giving back to the community that supported their business success.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$62.4M

-1.7% YoY

Annual Giving

$2.9M

+19.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$35K

+19.8% YoY

Under IRS private-foundation payout rules, The Paul and Carol David Foundation reported a distributable amount of $3.7M 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 mission is to empower children and strengthen families by providing scholarships and grants in Stark County, Ohio. The foundation focuses its support on:

Scholarships for students in Stark County based on character, need, academic achievement, and perseverance
Grants to nonprofit organizations supporting children and families in areas including education, community development, health, and faith-based initiatives

The foundation prioritizes improving educational, community, and health opportunities for underprivileged and disadvantaged children in Stark County.

Grantmaking

The foundation offers grants to nonprofit organizations supporting children and families in Stark County.

Grant Range

approximately $7,500–$8,700

Average Grant

amount: approximately $38,100

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Geographic Focus

Where this funder awards grants

The foundation's giving is geographically limited to Stark County, Ohio, with primary focus on communities in Ohio, Pennsylvania, and Michigan.

Grant Distribution by State

Ohio $11.4M (96%)

Michigan $128K (1%)

Pennsylvania $75K (1%)

Florida $53K (0%)

Virginia $49K (0%)

Illinois $36K (0%)

District of Columbia $21K (0%)

Louisiana $21K (0%)

+9 more states

States

District of Columbia Florida Iowa Illinois Indiana Louisiana Maryland Michigan North Carolina New York Ohio Pennsylvania South Carolina Tennessee Texas Virginia West Virginia

Cities

AdaAdrianAkronAllianceAltamonte SpringsAnn ArborAshlandAthensBaltimoreBaton RougeBereaBourbonnaisBowling GreenCantonCedarvilleCharlotteChicagoCincinnatiClevelandClinton

Financial History

Multi-year comparison from IRS filings

As of December 2024:

Total Assets: $62,379,378
Total Revenue: $3,967,385
Total Expenses: $5,041,685
Net Income: -$1,074,300
Total Liabilities: $0
Total Giving: $2,900,139

As of December 2023:

Total Assets: $63,459,105 (ledger value)
Income: $9,565,546

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$62,379,378	$63,459,105	$62,295,477
Revenue	$3,967,385	$5,483,063	$3,680,464
Expenses	$5,041,685	$4,314,506	$4,802,541
Qualifying Distributions	$3,456,149	$2,931,271	$3,468,319
Net Investment Income	$2,612,215	$3,049,221	$2,071,956
Distributable Amount	$3,661,847	$3,308,446	$3,500,047

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

201 grants across all recorded years

Open Grants

1 open opportunity from The Paul and Carol David Foundation

Foundation

The Paul and Carol David Foundation Community Grant Program

The Paul and Carol David Foundation

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Boys & Girls Club of Massillon ($993,092), Kent State University ($196,000), Coleman Crisis Receiving Center ($100,000).

Recipient	Purpose	Amount
A Community Christmas Canton, OH	Charitable	$5,000
Adrian College Adrian, MI	Scholarships	$7,000
Akron-Canton Regional Food Bank Akron, OH	Community	$26,000
Ashland University Ashland, OH	Scholarships	$14,000
Aultman College Canton, OH	Scholarships	$23,750
Massillon City Schools Massillon, OH	Education	$20,934
Ben Curtis Family Foundation Kent, OH	Community	$5,000
Bowling Green State University Bowling Green, OH	Scholarships	$24,500
Boys & Girls Club of Massillon Massillon, OH	Charitable	$993,092
Case Western Reserve University Cleveland, OH	Scholarships	$14,000

Leadership & Key People

Leadership team and compensation from IRS filings

Carol David – Chairperson (co-founder)
Jeffrey David – President (35 hours/week, $170,000 compensation)
Thomas G Knoll – Trustee
Scott F Whetstone – Trustee ($24,000 compensation)
Walt Stanislawski – Staff (40 hours/week, $247,000 compensation)
Christy Melert – Staff (40 hours/week, $63,000 compensation)

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Carol David	Chairperson	8	—
Thomas G Knoll	Trustee	2	—
Jeffrey David	President	35	$220,320
Scott F Whetstone	Trustee	2	$24,000

Recent News & Activity

Recent developments and announcements

2025

The foundation celebrated the 70th Anniversary Camelot Music Reunion in September 2025, bringing together more than 250 former associates of Camelot Music to honor the shared history and enduring spirit of service that continues to inspire the foundation's mission.

Frequently Asked Questions

What does The Paul and Carol David Foundation fund?

The foundation's mission is to empower children and strengthen families by providing scholarships and grants in Stark County, Ohio. The foundation focuses its support on: • **Scholarships for students** in Stark County based on character, need, academic achievement, and perseverance • **Grants to nonprofit organizations** supporting children and families in areas including education, community development, health, and faith-based initiatives The foundation prioritizes improving educational, com…

How do I apply for a grant from The Paul and Carol David Foundation?

• Typical grant awards range from $293 to $1,204,277 • Median grant size: approximately $7,500–$8,700 • Average grant amount: approximately $38,100 • Established in 1980, initially for students in Massillon, Ohio • Now available to all students attending Stark County high schools • Current scholarship value: $8,000 per year, renewable for up to four years • Over 1,300 scholarships have been awarded since the program's inception • The 2025 class welcomed 54 David Scholars from Stark County publi…

Where does The Paul and Carol David Foundation make grants?

The foundation's giving is geographically limited to **Stark County, Ohio**, with primary focus on communities in Ohio, Pennsylvania, and Michigan.

What size grants does The Paul and Carol David Foundation award?

In 2024, The Paul and Carol David Foundation awarded 84 grants totaling $2.9M — an average of about $35K per grant, based on its IRS Form 990 filings.

How much is The Paul and Carol David Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Paul and Carol David Foundation reported a distributable amount of $3.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Paul and Carol David Foundation's EIN?

The Paul and Carol David Foundation's EIN (Employer Identification Number) is 34-1319236. IRS Form 990 filing data is available on this page for 2020–2024.