John J & Mary R Schiff Foundation
- Assets
- $164.5m
- Revenue
- $36.1m
- Investments
- $159.8m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 02/1984
- Data as of
- 06/2023
- EIN
- 31-1077222
Organization Overview
John J & Mary R Schiff Foundation is located in Cincinnati, OH. The organization was established in 1984. 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. John J & Mary R Schiff 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 06/2023, John J & Mary R Schiff Foundation generated $36.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $42.0m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, John J & Mary R Schiff Foundation has awarded 381 individual grants totaling $246,101,818. 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 |
|---|---|---|---|
John J Schiff Jr Chairman | 2 | $35,000 | |
Thomas R Schiff Trustee | 2 | $35,000 | |
Suzanne Reid Trustee | 2 | $35,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert Hauser | 6/29/23 | $74,578 |
Bricker Graydon | 6/29/23 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $115,031 |
| Dividends & Interest | $17,859,218 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,162,604 |
| Capital Gain Net Income | $18,162,604 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,136,853 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $223,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $565,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,219 |
| Total operating and administrative expenses | $961,997 |
| Contributions, gifts, grants paid | $40,999,886 |
| Total expenses and disbursements | $41,961,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,673,184 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $164,514,894 |
| 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, John J & Mary R Schiff Foundation has awarded $40,999,886 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
ART ACADEMY OF CINCINNATI PURPOSE: GENERAL SUPPORT | $25,000 |
BOY SCOUTS OF AMERICA - COUNCIL 48 DAN BEARD COUNCIL PURPOSE: GENERAL SUPPORT | $25,000 |
CANCER SUPPORT COMMUNITY - GREATER CINCINNATINORTHERN KENTUKY PURPOSE: GENERAL SUPPORT | $25,000 |
CAHOON MUSEUM OF AMERICAN ART PURPOSE: GENERAL SUPPORT | $100,000 |
CAPE COD WRITERS' CENTER INC PURPOSE: GENERAL SUPPORT | $50,000 |
CINCINNATI CANCER FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000,000 |