Theodore E & Bernice C Zorn 50

Foundation · Grantmaker BROOKLYN, OH EIN: 16-6353781

Theodore E & Bernice C Zorn 50 is a private foundation, based in BROOKLYN, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 4 grants totaling $80K. Net investment income was $42K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.6M

-2.8% YoY

Annual Giving

$80K

-33.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$20K

-33.9% YoY

Under IRS private-foundation payout rules, Theodore E & Bernice C Zorn 50 reported a distributable amount of $90K for 2024 — the minimum it must pay out in qualifying distributions.

About Theodore E & Bernice C Zorn 50

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $314K (77%)

California $54K (13%)

Ohio $41K (10%)

States

California New York Ohio

Cities

AkronOxnardRochesterSyracuse

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,599,574	$1,646,144	$1,719,347
Revenue	$58,210	$68,794	$-9,537
Expenses	$103,329	$142,042	$61,219
Qualifying Distributions	$86,405	$126,953	$45,360
Net Investment Income	$41,673	$50,634	$30,108
Distributable Amount	$90,073	$85,658	$87,322

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

19 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Ronald Mcdonald House ($20,000), Planned Parenthood of Syrregion ($20,000), Proliteracy Worldwide ($20,000).

Recipient	Purpose	Amount
RONALD MCDONALD HOUSE AKRON, OH	GENERAL OPERATING	$20,000
PLANNED PARENTHOOD OF SYRREGION ROCHESTER, NY	UNRESTRICTED	$20,000
PROLITERACY WORLDWIDE SYRACUSE, NY	UNRESTRICTED	$20,000
RESCUE MISSION ALLIANCE OXNARD, CA	GENERAL OPERATING	$20,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KEYBANK N A	TRUSTEE	1	$20,421

Frequently Asked Questions

How large is Theodore E & Bernice C Zorn 50?

As of 2024, Theodore E & Bernice C Zorn 50 holds $1.6M in total assets with $58K in annual revenue. It awarded 4 grants totaling $80K in 2024.

Where does Theodore E & Bernice C Zorn 50 operate?

Theodore E & Bernice C Zorn 50 has awarded grants in California, New York, Ohio.

What size grants does Theodore E & Bernice C Zorn 50 award?

In 2024, Theodore E & Bernice C Zorn 50 awarded 4 grants totaling $80K — an average of about $20K per grant, based on its IRS Form 990 filings.

How much is Theodore E & Bernice C Zorn 50 required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Theodore E & Bernice C Zorn 50 reported a distributable amount of $90K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Theodore E & Bernice C Zorn 50's EIN?

Theodore E & Bernice C Zorn 50's EIN (Employer Identification Number) is 16-6353781. IRS Form 990 filing data is available on this page for 2020–2024.