Walter L Gross Iii Family Foundation
Walter L Gross Iii Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CINCINNATI, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $410K in total assets. In 2024, it awarded 4 grants totaling $57K. Net investment income was $79K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$410K
+6.1% YoY
Annual Giving
$57K
+0.0% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$14K
+0.0% YoY
Under IRS private-foundation payout rules, Walter L Gross Iii Family Foundation reported a distributable amount of $28K for 2024 — the minimum it must pay out in qualifying distributions.
About Walter L Gross Iii Family Foundation
Based on IRS filings
Walter L Gross Iii Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CINCINNATI, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $410K in total assets. In 2024, it awarded 4 grants totaling $57K. Net investment income was $79K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $409,774 | $386,095 | $400,195 |
| Revenue | $86,210 | $44,432 | $12,674 |
| Expenses | $62,688 | $58,706 | $54,834 |
| Qualifying Distributions | $56,500 | $56,500 | $51,500 |
| Net Investment Income | $78,709 | $42,226 | $10,340 |
| Distributable Amount | $27,879 | $26,395 | $29,459 |
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
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cincinnati Museum Center ($20,000), Miami University Foundation ($20,000), Berea College ($9,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BEREA COLLEGE BEREA, KY | UNRESTRICTED DONATION | $9,000 |
| CINCINNATI MUSEUM CENTER CINCINNATI, OH | UNRESTRICTED DONATION | $20,000 |
| MIAMI UNIVERSITY FOUNDATION OXFORD, OH | UNRESTRICTED DONATION | $20,000 |
| OHIO FOUNDATION OF INDEPENDENT COLLEGES COLUMBUS, OH | UNRESTRICTED DONATION | $7,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WALTER L GROSS III | PRESIDENT | — | — |
| MARY EMILY GROSS | VICE PRESIDENT | — | — |
| ANTHONY SCHWEIER | TREASURER | — | — |
| MICHAEL SCHWARTZ | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Walter L Gross Iii Family Foundation?
Walter L Gross Iii Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CINCINNATI, OH. It holds $410K in total assets as of 2024.
How large is Walter L Gross Iii Family Foundation?
As of 2024, Walter L Gross Iii Family Foundation holds $410K in total assets with $86K in annual revenue. It awarded 4 grants totaling $57K in 2024.
Where does Walter L Gross Iii Family Foundation operate?
Walter L Gross Iii Family Foundation has awarded grants in Kentucky, Ohio.
What size grants does Walter L Gross Iii Family Foundation award?
In 2024, Walter L Gross Iii Family Foundation awarded 4 grants totaling $57K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Walter L Gross Iii Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Walter L Gross Iii Family Foundation reported a distributable amount of $28K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Walter L Gross Iii Family Foundation's EIN?
Walter L Gross Iii Family Foundation's EIN (Employer Identification Number) is 20-8613336. 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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