Kettering Family Foundation
- Assets
- $92.5m
- Revenue
- $3.7m
- Investments
- $90.3m
- Employees
- 0
- Location
- Dayton, OH
- Founding
- 04/1967
- Data as of
- 12/2023
- EIN
- 31-0727384
Organization Overview
Kettering Family Foundation is located in Dayton, OH. The organization was established in 1967. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kettering Family 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 12/2023, Kettering Family Foundation generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $8.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kettering Family Foundation has awarded 630 individual grants totaling $25,337,521. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles F Kettering III Co-President | 2 | $0 | |
Linda H Hanauer Co-President (thru 12/23) | 10 | $0 | |
Debra L Williamson Vice President | 2 | $0 | |
Karen W Cushnie Secretary/treasurer | 2 | $0 | |
Susan S Kettering Assistant Treasurer | 2 | $0 | |
Kyle W Kim Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan | 12/30/23 | $233,135 |
Macd Advisors Llc | 12/30/23 | $125,001 |
Ridgeleigh Management Company | 12/30/23 | $200,906 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,681,346 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,215,374 |
| Capital Gain Net Income | $1,215,374 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $829,665 |
| Total Revenue | $3,728,385 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $10,730 |
| Taxes | $266,473 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $794,114 |
| Total operating and administrative expenses | $1,721,050 |
| Contributions, gifts, grants paid | $6,292,750 |
| Total expenses and disbursements | $8,013,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,400 |
| Savings and temporary cash investments | $1,039,765 |
| Net Accounts receivable | $8,215 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $62,188,880 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,128,677 |
| Total assets | $92,450,197 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Kettering Family Foundation has awarded $7,892,750 in support to 172 organizations.
| Grant Recipient | Amount |
|---|---|
1N5 PURPOSE: BUILDING RESILIENCY IN YOUTH | $25,000 |
350 COLORADO PURPOSE: MOBILIZING A JUSTICE-BASED TRANSITION FROM FOSSIL FUELS ACROSS COLORADO | $10,000 |
826DC PURPOSE: FREE CREATIVE WRITING AND LITERACY PROGRAMS FOR UNDERSERVED STUDENTS | $15,000 |
826NYC INC PURPOSE: 2022-2023 YOUTH WRITING PROGRAMS | $25,000 |
ANTIOCH COLLEGE PURPOSE: ANTIOCH COLLEGE WORKS: PREPARING STUDENTS TO TAKE ACTION IN THE WORLD | $100,000 |
AIR FORCE MUSEUM FOUNDATION INC PURPOSE: NATIONAL MUSEUM OF THE US AIR FORCE | $25,000 |