Toledo Community Foundation Inc
Toledo Community Foundation Inc is a private foundation, based in TOLEDO, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $492K in total assets. In 2024, it awarded 6 grants totaling $20K. Net investment income was $26K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$492K
+1.3% YoY
Annual Giving
$20K
-72.3% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$3K
-72.3% YoY
Under IRS private-foundation payout rules, Toledo Community Foundation Inc reported a distributable amount of $33K for 2024 — the minimum it must pay out in qualifying distributions.
About Toledo Community Foundation Inc
Based on IRS filings
Toledo Community Foundation Inc is a private foundation, based in TOLEDO, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $492K in total assets. In 2024, it awarded 6 grants totaling $20K. Net investment income was $26K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $492,319 | $486,159 | $518,876 |
| Revenue | $35,638 | $47,830 | $12,568 |
| Expenses | $29,478 | $80,547 | $9,398 |
| Qualifying Distributions | $19,960 | $72,000 | — |
| Net Investment Income | $26,470 | $39,283 | $4,767 |
| Distributable Amount | $33,337 | $29,895 | $31,393 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ability Center of Greater Toledo ($6,367), Read for Literacy Inc ($5,090), Planned Parenthood of Greater Ohio - Northwest Ohio Region ($4,251).
| Recipient | Purpose | Amount |
|---|---|---|
| ABILITY CENTER OF GREATER TOLEDO SYLVANIA, OH | ASSISTANCE FOR DOGS PROGRAM | $6,367 |
| CONNECTING KIDS TO MEALS INC TOLEDO, OH | GENERAL SUPPORT | $858 |
| PERRYSBURG HEIGHTS COMMUNITY ASSOCIATION PERRYSBURG, OH | GENERAL SUPPORT | $1,697 |
| PLANNED PARENTHOOD OF GREATER OHIO - NORTHWEST OHIO REGION COLUMBUS, OH | GENERAL SUPPORT | $4,251 |
| READ FOR LITERACY INC TOLEDO, OH | GENERAL SUPPORT | $5,090 |
| SOLAR TOLEDO NEIGHBORHOOD FOUNDATION TOLEDO, OH | GENERAL SUPPORT | $1,697 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MR MICHAEL GIBBONS | CHAIR | 0.25 | — |
| MR JAY MORGAN | VICE CHAIR | 0.25 | — |
| MRS TIFFANY E CAVANAUGH | SECRETARY | 0.25 | — |
| MRS BRANDI R CARSON | TREASURER | 0.25 | — |
| MS KATE SOMMERFELD | PRESIDENT | 2 | — |
| MR KEITH BURWELL | PRESIDENT THRU AUGUST 2024 | 2 | — |
| BINA JOE PH D | TRUSTEE | 0.25 | — |
| GREGORY C KASPER MD FACS | TRUSTEE | 0.25 | — |
| MR BRIAN A VALENTINE | TRUSTEE | 0.25 | — |
| MR HUSSIEN Y SHOUSHER | TRUSTEE | 0.25 | — |
| MR MICHAEL FISCHER | TRUSTEE THRU MARCH 2024 | 0.25 | — |
| MR SPENCER STONE | TRUSTEE | 0.25 | — |
| MRS MEG RESSNER | TRUSTEE | 0.25 | — |
| MS KAYE M ALDRIDGE PHD | TRUSTEE THRU MARCH 2024 | 0.25 | — |
| MRS KELLI WINSTON | TRUSTEE | 0.25 | — |
| MS LOIS E BINGHAM ESQ | TRUSTEE | 0.25 | — |
| MS PAMELA HERSHBERGER | TRUSTEE THRU MARCH 2024 | 0.25 | — |
| MR NATHAN ANDERSON | TRUSTEE | 0.25 | — |
| MS ELIZABETH LAVALLEY | TRUSTEE | 0.25 | — |
| MR EUGENIO MOLLO JR | TRUSTEE | 0.25 | — |
Frequently Asked Questions
How large is Toledo Community Foundation Inc?
As of 2024, Toledo Community Foundation Inc holds $492K in total assets with $36K in annual revenue. It awarded 6 grants totaling $20K in 2024.
Where does Toledo Community Foundation Inc operate?
Toledo Community Foundation Inc has awarded grants in Ohio.
What size grants does Toledo Community Foundation Inc award?
In 2024, Toledo Community Foundation Inc awarded 6 grants totaling $20K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Toledo Community Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Toledo Community Foundation Inc reported a distributable amount of $33K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Toledo Community Foundation Inc's EIN?
Toledo Community Foundation Inc's EIN (Employer Identification Number) is 34-6853246. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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