Timken Foundation of Canton
The Timken Foundation of Canton is a private foundation based in Canton, Ohio, incorporated in 1934. The foundation was established by H.H. Timken and his two sisters, building on the legacy of Henry Timken, a German immigrant who patented the tapered roller bearing and founded the Timken Roller Bearing Company (now the Timken Company). The foundation supports broad civic betterment through capital fund grants to charitable and educational institutions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$147.3M
-4.2% YoY
Annual Giving
$18.7M
+21.1% YoY
Grant Count
103
+4.0% YoY
Avg Grant Size
$181K
+16.4% YoY
Under IRS private-foundation payout rules, Timken Foundation of Canton reported a distributable amount of $19.8M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's purpose is to promote broad civic betterment by capital fund grants. Primary funding interests include:
- Education (schools and colleges)
- Health and healthcare (hospitals)
- Social services
- Arts and culture
- Community development
- Children, youth, and seniors services
- Cultural centers and recreation
Grantmaking
The foundation made approximately 50 grants in the most recent fiscal year.
Grant Range
s and Activity:**
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Geographic Focus
Where this funder awards grants
The foundation provides support throughout the United States and internationally, with primary emphasis on Ohio and the Canton area. Recent grants indicate activity in South Carolina and North Carolina as well.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $147,282,142
- Total Giving: $18,679,795
- Revenue: $9,495,316
- Expenses: $19,915,341
- Total Liabilities: $0
Staffing:
- 3 employees
Tax Status:
- 501(c)(3) organization
- Tax-exempt since January 1938
- EIN: 34-6520254
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $147,282,142 | $153,798,169 | $32,951,548 |
| Revenue | $9,495,316 | $82,798,453 | $35,361,538 |
| Expenses | $19,915,341 | $17,640,599 | $16,968,372 |
| Qualifying Distributions | $19,504,720 | $16,236,279 | $16,640,227 |
| Net Investment Income | $8,913,307 | $82,337,436 | $34,867,000 |
| Distributable Amount | $19,785,862 | $17,854,092 | $15,892,654 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cleveland Clinic Foundation ($3,000,000), Canton Palace Theater Association ($1,000,000), Canton for All People ($998,159).
| Recipient | Purpose | Amount |
|---|---|---|
| AKKI EV | ACQUISITION OF AN E-SPRINTER | $75,550 |
| ALISTER | SHARED LIVING SPACES IN INCLUSIVE HOUSING FOR PEOPLE WITH DISABILITIES IN COLMAR | $54,000 |
| ANDERSON UNIVERSITY ANDERSON, SC | RENOVATIONS TO NEWLY ACQUIRED COLLEGE OF ENGINEERING BUILDING | $115,000 |
| ARTS IN STARK CANTON, OH | RECLAMATION OF ZIEGLER TIRE BUILDING AS COMMUNITY ARTS SPACE | $478,775 |
| ASSOCIATION FOR EDUCATION AND FAMILY WGIELEK | INSPIRING LEARNING ENVIRONMENT - SECONDARY SCHOOL OF THE FUTURE | $93,522 |
| ATRIUM HEALTH FOUNDATION CHARLOTTE, SC | ACQUISITION OF A NEOPROBE FOR ENHANCED DIAGNOSTIC CAPABILITIES | $85,000 |
| AVIRON STRASBOURG 1881 | RENOVATION OF THE BOATHOUSE | $100,000 |
| AVITA HEALTH FOUNDATION GALION, OH | AVITA PEDIATRIC THERAPY PROJECT FOR CHILDREN'S WITH DISABILITIES AND DIABETES/OBESITY | $100,000 |
| BRONSON HEALTH FOUNDATION KALAMAZOO, MI | BRONSON SOUTH HAVEN CARDIOPULMONARY REHABILITATION NEEDS | $70,000 |
| CANTON FOR ALL PEOPLE CANTON, OH | NEWTON FAMILY APARTMENTS/GIBBS AVE PROJECT | $998,159 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Robert R. Timken — President and Trustee
- Mark A. Scheffler — Executive Director
- Rose A. Colton — Operations & Grant Coordinator
- Ward J. Timken — Trustee
- Ward J. Timken Jr. — Trustee
- W.R. Timken Jr. — Trustee
- Joy A. Timken — Trustee
- H.H. Kurt Timken — Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WARD J TIMKEN | TRUSTEE | 1 | — |
| WARD J TIMKEN JR | TRUSTEE | 1 | — |
| WR TIMKEN JR | TRUSTEE | 1 | — |
| JOY A TIMKEN | TRUSTEE | 1 | — |
| ROBERT R TIMKEN | PRESIDENT/TRUSTEE | 25 | $115,889 |
| HH KURT TIMKEN | TRUSTEE | 1 | — |
| MARK A SCHEFFLER | EXECUTIVE DIRECTOR | 40 | $245,506 |
Recent News & Activity
Recent developments and announcements
The foundation has awarded grants to notable institutions including the Gordon Parks Museum and the Cherokee County Community Foundation ($250,000). Recent capital project support includes funding for the Canton Palace Theatre Association's 100th Anniversary Capital Project and technology center updates at Stark State College.
Timken Foundation of Canton Awards Grant to the Gordon Parks ...Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Timken Foundation of Canton fund?
The foundation's purpose is to promote broad civic betterment by capital fund grants. Primary funding interests include: • Education (schools and colleges) • Health and healthcare (hospitals) • Social services • Arts and culture • Community development • Children, youth, and seniors services • Cultural centers and recreation
How do I apply for a grant from Timken Foundation of Canton?
**Grant Sizes and Activity:** • Typical awards range from $1,000 to $3,000,000 • Median grant amount: $55,000 • Total giving in 2024: $18,679,795 **Recent Grants (2024):** • Neomed Foundation (Neomed Medic Enhancement Initiative): $1,637,628 • Stark State College Foundation (W.R. Timken Center for Information Technology Anniversary Update): $1,625,679 • Canton Palace Theatre Association (100th Anniversary Capital Project): $1,000,000 The foundation made approximately 50 grants in the most recen…
Where does Timken Foundation of Canton make grants?
The foundation provides support throughout the United States and internationally, with primary emphasis on Ohio and the Canton area. Recent grants indicate activity in South Carolina and North Carolina as well.
What size grants does Timken Foundation of Canton award?
In 2024, Timken Foundation of Canton awarded 103 grants totaling $18.7M — an average of about $181K per grant, based on its IRS Form 990 filings.
How much is Timken Foundation of Canton required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Timken Foundation of Canton reported a distributable amount of $19.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Timken Foundation of Canton's EIN?
Timken Foundation of Canton's EIN (Employer Identification Number) is 34-6520254. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Timken Foundation of Canton'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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