The Timken Company Charitable & Educational Fund is a private foundation based in North Canton, Ohio, established in 1957. As a 501(c)(3) organization, it operates as a company-sponsored foundation dedicated to supporting educational and charitable initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.1M
-32.4% YoY
Annual Giving
$2.6M
+35.2% YoY
Grant Count
391
+12933.3% YoY
Avg Grant Size
$7K
-99.0% YoY
Under IRS private-foundation payout rules, Timken Co Charitable & Educational Fund reported a distributable amount of $209K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation invests in organizations that can deliver measurable results and sustainable improvements in the communities where Timken and its wholly-owned subsidiaries operate.
Primary funding areas include:
- Education and higher education initiatives
- STEM resources
- Basic needs support
- Scholarships and student financial aid
- Single organization support
The foundation awards college scholarships to children of associates and retirees of the Timken Company, its subsidiaries, and joint ventures.
Grantmaking
Grant Range
approximately $3,000
Average Grant
approximately $3,000
How to Apply
** Applications are accepted year-round. Grants may be made outside standard guidelines if approved by a majority of the Board.
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Geographic Focus
Where this funder awards grants
The foundation primarily supports nonprofit organizations in areas where the company does business and its employees reside, with particular emphasis on the Canton, Ohio area and the state of Ohio. The foundation also funds initiatives internationally.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $4,594,239
- Total revenue: $2,188,595
- Total expenses: $1,981,663
- Total liabilities: $0
- Tax-exempt status: Since October 1973
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,105,860 | $4,594,239 | $4,383,337 |
| Revenue | $1,171,663 | $2,188,595 | $5,126,977 |
| Expenses | $2,660,042 | $1,981,663 | $2,055,213 |
| Qualifying Distributions | $2,660,042 | $1,981,663 | $2,055,213 |
| Net Investment Income | $162,662 | $88,595 | $26,977 |
| Distributable Amount | $208,539 | $219,325 | $122,466 |
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
62 grants across all recorded years
Open Grants
1 open opportunity from Timken Co Charitable & Educational Fund
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Scholarship of America Inc ($472,867), United Way of Greater Stark County ($379,530), For Inspiration and Recognition of Science and Technology (FIRST) ($210,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Scholarship of America Inc Detroit, MI | General Operations | $472,867 |
| United Way of Greater Stark County Canton, OH | General Operations | $379,530 |
| For Inspiration and Recognition of Science and Technology (FIRST) Manchester, NH | General Operations | $210,000 |
| Habitat For Humanity East Central Ohio Canton, OH | General Operations | $136,750 |
| United Way of Lincoln County Lincolnton, NC | General Operations | $112,875 |
| Great Lakes Science Center Cleveland, OH | General Operations | $112,500 |
| Feeding America Chicago, IL | General Operations | $101,950 |
| LeBron James Family Foundation - I Promise School Akron, OH | General Operations | $75,000 |
| Akron Canton Regional Foodbank Akron, OH | General Operations | $61,500 |
| United Way of The Piedmont Spartanburg, SC | General Operations | $58,985 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key personnel include:
- Nicole S. Disalvo – President
- Scott R. Schroeder – Secretary
- Trustees: Timothy A. Graham, Hansal Patel, and Natasha Pollock
None of the key personnel receive compensation for their roles.
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Recent News & Activity
Recent developments and announcements
In February 2026, the Timken Company Charitable & Educational Fund announced the award of scholarships valued at up to $540,000 to 20 students around the world, demonstrating the foundation's continued commitment to supporting the next generation of talent globally.
Timken Awards Scholarships Valued at up to $540,000 to 20 Students AroundSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Timken Co Charitable & Educational Fund fund?
The foundation invests in organizations that can deliver measurable results and sustainable improvements in the communities where Timken and its wholly-owned subsidiaries operate. Primary funding areas include: • Education and higher education initiatives • STEM resources • Basic needs support • Scholarships and student financial aid • Single organization support The foundation awards college scholarships to children of associates and retirees of the Timken Company, its subsidiaries, and joint …
How do I apply for a grant from Timken Co Charitable & Educational Fund?
**Grant Amounts:** Grants are generally allocated in the range of $500–$10,000. Grant requests exceeding $10,000 require preapproval by the Fund's Board of Trustees. **Application Process:** Applications are accepted year-round. Grants may be made outside standard guidelines if approved by a majority of the Board. **Recent Activity:** In 2026, the foundation awarded scholarships valued at up to $540,000 to 20 students around the world. **Grant Statistics (2023):** • Total giving: $1,942,996 • T…
Where does Timken Co Charitable & Educational Fund make grants?
The foundation primarily supports nonprofit organizations in areas where the company does business and its employees reside, with particular emphasis on the Canton, Ohio area and the state of Ohio. The foundation also funds initiatives internationally.
What size grants does Timken Co Charitable & Educational Fund award?
In 2024, Timken Co Charitable & Educational Fund awarded 391 grants totaling $2.6M — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Timken Co Charitable & Educational Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Timken Co Charitable & Educational Fund reported a distributable amount of $209K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Timken Co Charitable & Educational Fund's EIN?
Timken Co Charitable & Educational Fund's EIN (Employer Identification Number) is 34-6520257. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Timken Co Charitable & Educational Fund'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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