Toledo Community Foundation Inc

TOLEDO, OH EIN: 34-6853246

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

+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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $150K (100%)

States

Ohio

Cities

ColumbusPerrysburgSylvaniaToledo

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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.