The Psalms Foundation is a private 501(c)(3) foundation established in 1995 and based in Cincinnati, Ohio. As a grantmaking foundation, it focuses on philanthropic activities across the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$826K
+79.4% YoY
Annual Giving
$1.6M
+51.4% YoY
Grant Count
8
+60.0% YoY
Avg Grant Size
$203K
-5.4% YoY
Under IRS private-foundation payout rules, The Psalms Foundation reported a distributable amount of $1.2M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation does not have a publicly stated mission statement. However, its grantmaking priorities include:
- Education
- Science and STEM education
- Human Services
- Philanthropy, Voluntarism & Grantmaking
- Arts
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
$20,000–$350,000
Average Grant
$778–$219,300
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation funds initiatives across multiple states including Arizona, District of Columbia, Florida, Georgia, Illinois, Kentucky, New York, Ohio, and Texas. Specific cities where funding has been directed include Alpharetta, Bonita Springs, Chicago, and New York.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $460,209
- Total Revenue: $5,294,103
- Total Expenses: $1,096,662
- Total Liabilities: $0
- Number of Employees: 0
The foundation's giving rate exceeds 100% of its assets annually, indicating it distributes more than its asset base each year.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $825,543 | $460,209 | $262,877 |
| Revenue | $1,817,387 | $5,294,103 | $2,271,510 |
| Expenses | $1,652,151 | $1,096,662 | $4,684,750 |
| Qualifying Distributions | $1,624,574 | $1,073,331 | $4,608,875 |
| Net Investment Income | $1,812,910 | $1,290,663 | $2,267,635 |
| Distributable Amount | $1,235,214 | $955,097 | $1,109,285 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
71 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Call of Love Inc ($350,000), John F Kennedy Center for the Performing Arts ($300,000), Illuminations Foundation ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACCELERATE GREAT SCHOOLS CINCINNATI, OH | GREAT SCHOOLS FOR ALL KIDS CAMPAIGN | $200,098 |
| CALL OF LOVE INC CINCINNATI, OH | GENERAL FUND | $350,000 |
| CAMPUS CRUSADE FOR CHRIST ORLANDO, FL | LARRY AND DEBBY THOMPSON SUPPORT | $20,000 |
| FC CINCINNATI FOUNDATION CINCINNATI, OH | GENERAL FUND | $200,000 |
| ILLUMINATIONS FOUNDATION ALPHARETTA, GA | GENERAL FUND | $250,000 |
| JOHN F KENNEDY CENTER FOR THE PERFORMING ARTS WASHINGTON, DC | GENERAL FUND | $300,000 |
| LIFE ISSUES INSTITUTE FLORENCE, KY | GENERAL FUND | $100,000 |
| UNIVERSITY OF CINCINNATI FOUNDATION CINCINNATI, OH | MATTHEW B LINDNER ENDOWMENT AND MICHAEL PRIVITERA, MD ENDOWED CHAIR OF THE UC EPILEPSY CENTER FUND | $200,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Carl H. Lindner III – President, Treasurer, and Trustee (serves without compensation); Co-CEO of American Financial Group, Inc.; founder of the foundation
- Martha S. Lindner – Vice President, Secretary, and Trustee (serves without compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CARL H LINDNER III | PRES/TREAS/TRUSTEE | 3 | — |
| MARTHA S LINDNER | VP/SECRETARY/TRUSTEE | 3 | — |
Contact Information
- Address: PO Box 358, Cincinnati, OH 45201-0358
- Telephone: 513-579-6360
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Psalms Foundation fund?
The foundation does not have a publicly stated mission statement. However, its grantmaking priorities include: • Education • Science and STEM education • Human Services • Philanthropy, Voluntarism & Grantmaking • Arts
How do I apply for a grant from The Psalms Foundation?
**Grant Activity:** • Total annual giving: $1,070,000–$1,100,000 • Number of grants: 5–12 grants annually • Grant range: $20,000–$350,000 • Median grant size: $200,000 • Average grant size: $778–$219,300 **Application Process:** The foundation does not accept unsolicited applications and operates on an invite-only basis. **Recent Grantees (2023):** • The University of Cincinnati Foundation: $350,000 (Nippert Stadium Expansion Fund & Matthew B Lindner and Michael Privitera, MD Endowed Chair of t…
Where does The Psalms Foundation make grants?
The foundation funds initiatives across multiple states including Arizona, District of Columbia, Florida, Georgia, Illinois, Kentucky, New York, Ohio, and Texas. Specific cities where funding has been directed include Alpharetta, Bonita Springs, Chicago, and New York.
What size grants does The Psalms Foundation award?
In 2024, The Psalms Foundation awarded 8 grants totaling $1.6M — an average of about $203K per grant, based on its IRS Form 990 filings.
How much is The Psalms Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Psalms Foundation reported a distributable amount of $1.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Psalms Foundation's EIN?
The Psalms Foundation's EIN (Employer Identification Number) is 31-1404734. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in The Psalms 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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