Greater Cincinnati Foundation
- Assets
- $931.7m
- Revenue
- $157.2m
- Investments
- $8.9m
- Employees
- 61
- Location
- Cincinnati, OH
- Founding
- 10/1963
- Data as of
- 12/2021
- EIN
- 31-0669700
Organization Overview
Greater Cincinnati Foundation is located in Cincinnati, OH. The organization was established in 1963. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Greater Cincinnati Foundation employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Cincinnati Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Greater Cincinnati Foundation generated $157.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $133.7m during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Greater Cincinnati Foundation has awarded 8,747 individual grants totaling $681,546,565. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AS A TRUSTED PHILANTHROPIC PARTNER, WE INSPIRE CURRENT AND FUTURE GENERATIONS TO INVEST IN A MORE VIBRANT AND PROSPEROUS GREATER CINCINNATI WHERE EVERYONE CAN THRIVE.
Describe the Organization's Program Activity:
DONOR ADVISED GRANTMAKING: DONOR ADVISED FUNDS ALLOW DONORS TO RECOMMEND GRANTS TO NONPROFIT ORGANIZATIONS OF THEIR CHOICE OVER TIME. THE GREATER CINCINNATI FOUNDATION HAS APPROXIMATELY 1,091 DONOR ADVISED FUNDS WITH A COMBINED MARKET VALUE OF MORE THAN $382 MILLION. THE FOUNDATION ENCOURAGES PHILANTHROPY BY PROVIDING THIS FLEXIBLE VEHICLE FOR DONORS TO ACHIEVE THEIR INDIVIDUAL CHARITABLE OBJECTIVES. GCF WELCOMES THE OPPORTUNITY TO PARTNER WITH PEOPLE WHO WANT TO BE ACTIVELY INVOLVED IN GRANTMAKING.
RESPONSIVE GRANTS: GCF RESPONDS TO PROPOSALS SUBMITTED BY NONPROFIT ORGANIZATIONS IN OUR EIGHT-COUNTY SERVICE AREA. GRANTS ARE MADE TO SUPPORT PROJECTS IN THE FOLLOWING ISSUE AREAS: VIBRANT ARTS & CULTURE, EDUCATIONAL SUCCESS, ENVIRONMENTAL BEAUTIFICATION, DISABILITIES AND BASIC NEEDS.
TOTAL DESIGNATED FUNDS:GCF DONORS CAN ESTABLISH A "DESIGNATED FUND" WHERE THEY SPECIFY THAT ALL FUTURE GRANTS GO TO (1) ONE OR MORE SPECIFIC ORGANIZATIONS, OR (2) FOR A SPECIFIC PURPOSE. THIS ENABLES ONGOING FUNDING FOR A MUSEUM, HOUSE OF WORSHIP, OR VIRTUALLY ANY PUBLIC CHARITY IN THE NATION.
COMMUNITY LEADERSHIP INITIATIVES, SCHOLARSHIP FUND GRANTS AND VARIOUS MISC. GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Katz Ceo/president/secretary | Officer | 54 | $463,047 |
Dora Anim COO | Officer | 50 | $245,015 |
Will Woodward Cfo/treasurer | Officer | 48 | $242,920 |
Phillip Lanham Chief Philanthropy Officer | Officer | 49 | $185,795 |
Eric Dewald Healthpath/phfo, Pres./exec. Dir. | 1 | $158,386 | |
Meghan Cummings Executive Director, Women's Fund | 42 | $139,930 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Racial Equity Institute Llc Consulting | 12/30/21 | $137,000 |
Fund Evaluation Group Inc Investment Consulting | 12/30/21 | $226,383 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,405 |
| Related organizations | $648,429 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,122,830 |
| Noncash contributions included in lines 1a–1f | $26,114,198 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,798,664 |
| Total Program Service Revenue | $0 |
| Investment income | $23,324,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $605,417 |
| Net Income from Fundraising Events | -$25,103 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $157,180,384 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,898,826 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,107,019 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,319,553 |
| Compensation of current officers, directors, key employees. | $580,603 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,481,444 |
| Pension plan accruals and contributions | $245,431 |
| Other employee benefits | $568,135 |
| Payroll taxes | $319,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,249 |
| Fees for services: Accounting | $50,760 |
| Fees for services: Lobbying | $1,540 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,797,901 |
| Fees for services: Other | $717,218 |
| Advertising and promotion | $506,046 |
| Office expenses | $102,809 |
| Information technology | $280,702 |
| Royalties | $0 |
| Occupancy | $507,595 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $370,388 |
| Insurance | $39,970 |
| All other expenses | $316,950 |
| Total functional expenses | $133,678,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,929,466 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $24,992,486 |
| Accounts receivable, net | $926,784 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,047,095 |
| Investments—publicly traded securities | $817,656,688 |
| Investments—other securities | $8,872,695 |
| Investments—program-related | $9,930,342 |
| Intangible assets | $0 |
| Other assets | $11,330,900 |
| Total assets | $931,686,456 |
| Accounts payable and accrued expenses | $529,953 |
| Grants payable | $6,898,444 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,241,177 |
| Total liabilities | $15,669,574 |
| Net assets without donor restrictions | $881,277,525 |
| Net assets with donor restrictions | $34,739,357 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $931,686,456 |
Grants Awarded
Over the last fiscal year, Greater Cincinnati Foundation has awarded $119,649,063 in support to 1,180 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: GENERAL PURPOSE | $14,300,579 |
PURPOSE: GENERAL PURPOSE | $5,000,000 |
Cincinnati, OH PURPOSE: GENERAL PURPOSE | $4,589,591 |
New York, NY PURPOSE: GENERAL PURPOSE | $3,317,901 |
Austin, TX PURPOSE: GENERAL PURPOSE | $3,010,000 |
Cincinnati, OH PURPOSE: GENERAL PURPOSE | $2,143,030 |
Grants Recieved
Over the last fiscal year, we have identified 39 grants that Greater Cincinnati Foundation has recieved totaling $3,419,298.
| Awarding Organization | Amount |
|---|---|
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH PURPOSE: CINCINNATI STREETCAR FUND 2021/2022 | $700,000 |
Gemunder Family Foundation Inc Tampa, FL PURPOSE: GENERAL SUPPORT | $321,500 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH PURPOSE: NORTHERN KENTUCKY FUND | $300,000 |
Charles H Dater Foundation Inc Cincinnati, OH PURPOSE: MINI-GRANTS OR KIDS PROGRAM | $250,000 |
Trust Uw Carl F Hertenstein General Trust Cincinnati, OH PURPOSE: ANNUAL FUND | $200,400 |
Huntington Charitable Foundationinc Cincinnati, OH PURPOSE: GENERAL FUNDING | $200,000 |
Endowment Analysis
| Beg. Balance | $421,357,179 |
| Earnings | $62,946,241 |
| Admin Expense | $2,799,162 |
| Net Contributions | $21,969,724 |
| Grants | $11,787,811 |
| Ending Balance | $491,686,171 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Endowment Foundation Hudson, OH | $7,068,290,344 | $2,685,508,863 |
Columbus Foundation Columbus, OH | $2,241,760,925 | $316,145,889 |
Cleveland Foundation Cleveland, OH | $2,462,394,752 | $116,704,950 |
Greater Cincinnati Foundation Cincinnati, OH | $931,686,456 | $157,180,384 |
Community Foundation For Southeast Michigan Detroit, MI | $1,124,768,291 | $250,946,101 |
Pittsburgh Foundation Pittsburgh, PA | $1,354,368,497 | $110,535,351 |
Philadelphia Foundation Philadelphia, PA | $669,216,014 | $72,684,648 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Dayton Foundation Dayton, OH | $614,105,736 | $82,530,515 |
Battle Creek Community Foundation Battle Creek, MI | $135,380,333 | $32,635,612 |
Kalamazoo Community Foundation Kalamazoo, MI | $677,092,659 | $78,067,850 |