The University of Akron Foundation
The University of Akron Foundation exists to strengthen the university's future by securing and managing philanthropic gifts that fund scholarships, academic programs, and campus improvements.
The University of Akron Foundation at a glance
In short: The University of Akron Foundation gave $15.9M across 1 grant in 2025 (avg $15.9M), mostly in Ohio. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $15,850,177
- -16.2% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $15,850,177
- -16.2% vs 2024
- Median grant
- $15,850,177
- Total assets
- $313,781,272
- +13.1% vs 2024
- Primary geography
- Ohio (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who The University of Akron Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was The University of Akron ($15.9M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How The University of Akron Foundation gives
- Giving grew 32% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $11.1M (2020) to $19.3M (2019). In 2025 it made 1 grant totaling $15.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The University of Akron Akron, OH | See Part IV | $15,850,177 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $313,781,272 | $34,589,377 | $23,480,054 | $15,850,177 | 1 | $16,016,845 |
| 2024 | $277,324,523 | $26,360,400 | $24,843,394 | $18,921,858 | 1 | $7,749,973 |
| 2023 | $251,625,335 | $16,632,940 | $18,797,090 | $13,684,493 | 1 | $6,783,561 |
| 2022 | $239,703,778 | $26,694,571 | $17,424,752 | $12,037,002 | 1 | $9,324,658 |
| 2021 | $253,522,998 | $29,706,215 | $16,434,477 | $11,641,444 | 1 | $16,741,516 |
| 2020 | $205,506,114 | $14,662,521 | $16,001,825 | $11,103,215 | 1 | $3,800,544 |
| 2019 | $211,749,572 | $19,069,169 | $24,105,670 | $19,262,538 | 1 | $6,490,165 |
About The University of Akron Foundation
Based on IRS filings
The University of Akron Foundation is a public charity focused on Education, based in Akron, OH. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $313.8M in total assets. In 2025, it awarded 1 grant totaling $15.9M. Net investment income was $16.0M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The University of Akron Foundation is led by Kimberly M. Cole, Executive Director on every filing since 2019; none of the 43 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kimberly M. Cole
Executive Director
On filings since 2019
39 hrs/week
No compensation reported
Philip A. Lloyd
Director & Chair
Director & Chair → Director & Former Chair, 2023
Director & Former Chair → Director & Chair, 2024
On filings since 2019
1.4 hrs/week
No compensation reported
Carina S. Diamond
Director
On filings since 2019
0.3 hrs/week
No compensation reported
Christopher V. Goff
Director
On filings since 2019
0.1 hrs/week
No compensation reported
Frank P. Bevilacqua
Director
On filings since 2019
0.2 hrs/week
No compensation reported
James D. McCool
Director
On filings since 2019
0.3 hrs/week
No compensation reported
John R. Adams
Director
On filings since 2019
0.3 hrs/week
No compensation reported
Joseph M. Gingo
Director
Ex-Officio Director → Director, 2024
On filings since 2019
0.5 hrs/week
No compensation reported
Kathryn W. Dindo
Director & Vice Chair
Director & Secretary → Director & Vice Chair, 2022
On filings since 2019
0.9 hrs/week
No compensation reported
Larry W. Allen
Director
On filings since 2019
0.1 hrs/week
No compensation reported
Marlene K. Toot
Director
On filings since 2019
0.3 hrs/week
No compensation reported
Pamela S. Williams
Director & Vice Chair
Director → Director & Vice Chair, 2020
On filings since 2019
0.9 hrs/week
No compensation reported
Raymond K. Lee
Director
Director → Former Director, 2023
Former Director → Director, 2024
On filings since 2019
0.2 hrs/week
No compensation reported
Rebecca Slayman-Gallagher
Director
Director → Former Director, 2023
Former Director → Director, 2024
On filings since 2019
0.2 hrs/week
No compensation reported
Theodora Musson
Director
On filings since 2019
0.2 hrs/week
No compensation reported
David M. Grubb
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Laura Duda
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Rajkumar Makam
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Samuel D. Deshazior
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Sandra Pianalto
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Duriya A. Dhinojwala
Director
On filings since 2022
0.1 hrs/week
No compensation reported
Glen L. Stephens
Director
On filings since 2022
0.1 hrs/week
No compensation reported
Halle G. Jones Capers
Director
On filings since 2022
0.1 hrs/week
No compensation reported
John Wiencek
Ex-Officio Director - Left May
Ex-Officio Director → Ex-Officio Director - Left May, 2025
On filings since 2022
0.4 hrs/week
No compensation reported
Anthony J. Alexander
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Jenifer Meade
Director
On filings since 2023
0.2 hrs/week
No compensation reported
Michael D. Crome
Director
On filings since 2023
0.2 hrs/week
No compensation reported
William H. Skeeles
Director
On filings since 2023
0.2 hrs/week
No compensation reported
Brian C. Layman
Director
On filings since 2024
0.4 hrs/week
No compensation reported
Christopher T. Teodosio
Director
On filings since 2024
0.2 hrs/week
No compensation reported
Keith A. Cline
Director
On filings since 2024
0.2 hrs/week
No compensation reported
Naomi D. Ganoe
Director
On filings since 2024
0.1 hrs/week
No compensation reported
Steven S. Cox
Director
On filings since 2024
0.2 hrs/week
No compensation reported
Christopher J. Burnham
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Ernest Vargo II
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Gwyneth Price
Ex-Officio Director
New on the 2025 filing
0.4 hrs/week
No compensation reported
Joseph E. Reece
Director
New on the 2025 filing
0.3 hrs/week
No compensation reported
Lewis W. Adkins
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Misty Villers
Ex-Officio Director
New on the 2025 filing
0.4 hrs/week
No compensation reported
Rj Nemer
Ex-Officio Director
New on the 2025 filing
0.4 hrs/week
No compensation reported
Roland H. Bauer
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Irvin J. Musson III
Secretary
Director → Secretary, 2022
On filings since 2019
1 hr/week
No compensation reported
Barry Just
Assistant Treasurer
New on the 2025 filing
39 hrs/week
No compensation reported
Former officers (56)
- Former: Dennis H. Gartman (2019–2024) — Director
- Former: Joesph E. Reece (2019–2024) — Director
- Former: Philip S. Thompson (2019–2024) — Director
- Former: Dallas Grundy (2021–2024) — Ex-Officio Director
- Former: Gary L. Miller (2021–2024) — Ex-Officio Director
- Former: Craig S. Taylor (2019–2023) — Director
- Former: Eileen E. Burg (2019–2023) — Former Director
- Former: James M. Pulk (2019–2023) — Former Director
- Former: Joseph C. Hete (2019–2023) — Director
- Former: Lawrence J. Rybka (2019–2023) — Director
- Former: Paul Smucker Wagstaff (2019–2023) — Director
- Former: Richard W. Pogue (2019–2023) — Former Director
- Former: Stephen E. Myers (2019–2023) — Former Director
- Former: Susan S. Wagstaff (2019–2023) — Former Director
- Former: Denny Clutter (2021–2023) — Assistant Treasurer
- Former: Chris T. Teodosio (2023) — Director
- Former: Sameer Alramahi (2023) — Former Controller
- Former: Dianne R. Newman (2019–2022) — Former Director
- Former: George L. Farris II (2019–2022) — Former Director
- Former: George W. Daverio Jr. (2019–2022) — Former Director · Filing note: Deceased
- Former: James N. Crutchfield (2019–2022) — Former Director
- Former: Kathleen A. Coleman (2019–2022) — Director & Former Vice Chair
- Former: Mark T. Clark (2019–2022) — Former Director
- Former: Mary Lynn Crowley (2019–2022) — Former Director
- Former: Nathan J. Mortimer (2019–2022) — Former Treasurer
- Former: Nicholas A. Cummings (2019–2022) — Former Director · Filing note: Deceased
- Former: Rex D. Ramsier (2019–2022) — Ex-Officio Director
- Former: Samir G. Gibara (2019–2022) — Former Director
- Former: Vanita Oelschlager (2019–2022) — Former Director
- Former: Joseph Urgo (2021–2022) — Ex-Officio Director
- Former: Sarah M. Chapman (2019–2021) — Former Assistant Treasurer
- Former: John Weincek (2021) — Ex-Officio Director
- Former: Steve Storck (2021) — Ex-Officio Director
- Former: John Green (2019–2020) — Ex-Officio Director · Filing note: Retired 123119
- Former: Gary L. Miller Hired (2020) — Ex-Officio Director
- Former: John Weincek Hired (2020) — Ex-Officio Director
- Former: Joseph Urgo Hired (2020) — Ex-Officio Director
- Former: Steve Storck Hired (2020) — Ex-Officio Director
- Former: Benjamin G. Ammons (2019) — Director
- Former: Brian E. Davis (2019) — Former Assistant Treasurer
- Former: Cynthia F. Capers (2019) — Director
- Former: Dorothy Cummings (2019) — Director
- Former: Edward T. Eliopoulos (2019) — Director
- Former: Gerald R. Austen (2019) — Director
- Former: Henry C. Young Jr. (2019) — Director
- Former: J. Michael Hochschwender (2019) — Director
- Former: Leila L. Vespoli (2019) — Director
- Former: Luis Proenza (2019) — Former Ex-Off Director
- Former: Mark R. Mitten (2019) — Director
- Former: Martin P. Hauser (2019) — Director
- Former: Matthew J. Wilson (2019) — Ex-Officio Director
- Former: Michael J. Saxon (2019) — Director
- Former: Randall R. Theken (2019) — Director
- Former: Scott L. Scarborough (2019) — Former Ex-Off Director
- Former: Solomon H. Jones (2019) — Director
- Former: William R. Feth (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The University of Akron Foundation
How much does The University of Akron Foundation give each year?
The University of Akron Foundation gave $15.9M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $18.9M across 1 grant.
How large is The University of Akron Foundation?
The University of Akron Foundation reported $313.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $34.6M.
What is The University of Akron Foundation?
The University of Akron Foundation is a public charity focused on Education, based in Akron, OH. It holds $313.8M in total assets as of 2025.
Where does The University of Akron Foundation operate?
The University of Akron Foundation has awarded grants in Ohio.
What is The University of Akron Foundation's EIN?
The University of Akron Foundation's EIN (Employer Identification Number) is 34-6575496. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS March 19, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 2, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 25, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS April 30, 2026)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in The University of Akron Foundation's focus areas in our free grants database
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