Troy Foundation

Organization Overview

Troy Foundation is located in Troy, OH. The organization was established in 1949. 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 12/2022, Troy Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Troy 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 12/2022, Troy Foundation generated $11.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $8.6m during the year ending 12/2022. While expenses have increased by 7.7% per year over the past 8 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, Troy Foundation has awarded 4,111 individual grants totaling $47,803,036. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE THE QUALITY OF LIFE FOR OUR COMMUNITY BY CONNECTING DONORS TO CHARITABLE CAUSES FOR GROWING A GREATER TOMORROW.

Describe the Organization's Program Activity:

IN 2022, THE TROY FOUNDATION PROVIDED OVER 1,900 GRANTS TO ORGANIZATIONS PROVIDING SERVICES IN THE AREAS OF ARTS AND CULTURE, EDUCATION, HEALTH AND HUMAN SERVICES, SOCIAL SERVICES, YOUTH DEVELOPMENT, BEAUTIFICATION, PROTECTING WILDLIFE AND THE ENVIRONMENT, AND EMERGENCY GRANTS TO ASSIST NON-PROFITS DURING THE PANDEMIC.


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Board, Officers & Key Employees

Name (title)Compensation
Joe Dickerson
Chair
$0
Susan Behm
Gov Bd
$0
Brent Black
Gov Bd
$0
Dave Dippold
Gov Bd
$0
Dave Fisher
Gov Bd/trustees Committee
$0
Tom Giere
Gov Bd
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$61,103
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,756,707
Noncash contributions included in lines 1a–1f $2,994,330
Total Revenue from Contributions, Gifts, Grants & Similar$5,817,810
Total Program Service Revenue$0
Investment income $2,446,513
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,950
Net Gain/Loss on Asset Sales $3,379,621
Net Income from Fundraising Events $56,095
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,701,989

Grants Awarded

Over the last fiscal year, Troy Foundation has awarded $6,020,740 in support to 247 organizations.

Grant RecipientAmount

ACORN SOCIETY FUND

PURPOSE: PHILANTHROPY, VOLUNTARISM, AND GRANTMAKING

$7,000

AFRICA ACCESS

PURPOSE: EDUCATION

$15,000

AIR FORCE MUSEUM FOUNDATION INC

PURPOSE: EDUCATION

$6,000

ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIATION

PURPOSE: HEALTH & HUMAN SERVICES

$5,264

AMERICAN RED CROSS - MIAMI VALLEY OHIO CHAPTER

PURPOSE: SOCIAL SERVICES

$6,889

ARBOGAST PERFORMING ARTS CENTER

PURPOSE: ARTS & CULTURE

$110,611
View Grant Profile

Peer Organizations

Organization NameAssets
The Community Foundatio Of Louisville Depository Inc
Louisville, KY
$22,827,292
Greater Kanawha Valley Foundation
Charleston, WV
$30,306,337
Muskegon County Community Foundation
Muskegon, MI
$28,555,582
Foundation For Appalachian Ohio
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$29,031,055
Midland Area Community Foundation
Midland, MI
$16,911,059
Community Foundation Of Greater Fort Wayne Inc
Fort Wayne, IN
$22,701,309
Ann Arbor Area Community Foundation
Ann Arbor, MI
$23,281,932
Community Foundation Of St Joseph County Inc
South Bend, IN
$17,614,512
Community Foundation Of Bloomington And Monroe County Inc
Bloomington, IN
$14,808,470
Community Foundation Of Greater Flint
Flint, MI
$32,890,885
Grand Haven Area Community Foundation Inc
Grand Haven, MI
$17,344,326
The Community Foundation Of Louisville Corporate Depository In
Louisville, KY
$13,186,961
Fremont Area Community Foundation
Fremont, MI
$14,863,634
Foundation For Appalachian Kentucky Inc
Hazard, KY
$11,777,632
Kosciusko County Community Foundation Inc
Warsaw, IN
$17,717,260
Community Foundation Of Western Pennsylvania And Eastern Ohio
Sharon, PA
$18,135,472
Petoskey-Harbor Springs Area Community Foundation
Petoskey, MI
$9,300,684
Berks County Community Foundation Inc
Reading, PA
$11,644,962
Heritage Fund Of Bartholomew County Inc
Columbus, IN
$9,729,076
York County Community Foundation
York, PA
$17,313,520
Chester County Community Foundation Inc
West Chester, PA
$20,699,529
Troy Foundation
Troy, OH
$11,701,989
Community Foundation Of Lorain County
Elyria, OH
$4,276,372
Lehigh Valley Community Foundation
Allentown, PA
$13,559,783
Scranton Area Foundation Inc
Scranton, PA
$12,477,836

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