Nationwide Foundation
- Assets
- $86.2m
- Revenue
- $42.5m
- Investments
- $34.7m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 09/1961
- Data as of
- 12/2021
- EIN
- 31-6022301
Organization Overview
Nationwide Foundation is located in Columbus, OH. The organization was established in 1961. 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. Nationwide 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, Nationwide Foundation generated $42.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $38.2m during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL DONATIONS MADE TO PUBLIC CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jester Chad A President | 5 | $0 | |
Rost Kristen Vice President | 5 | $0 | |
Biesecker Pamela A Chief Tax Officer | 0.08 | $0 | |
Dwyer Timothy J Treasurer | 0.25 | $0 | |
Conner David A Assistant Treasurer | 0.25 | $0 | |
Walker Kirt A Trustee | 0.08 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $39,000,000 |
| Interest on Savings | $181,470 |
| Dividends & Interest | $585,587 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,703,549 |
| Capital Gain Net Income | $2,610,819 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,470,606 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $46,506 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $128,572 |
| Contributions, gifts, grants paid | $38,076,308 |
| Total expenses and disbursements | $38,204,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,407,552 |
| Savings and temporary cash investments | $6,365 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $39,000,000 |
| 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 | $52,873 |
| Total assets | $86,187,581 |
| Accounts payable and accrued expenses | $53,556 |
| Grants payable | $1,429,432 |
| 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 | $1,482,988 |
Grants Awarded
Over the last fiscal year, Nationwide Foundation has awarded $37,622,143 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONWIDE FOUNDATION 2021 GRANTS PURPOSE: GRANTS PAID TO VARIOUS FOUNDATIONS IN 2021, PLEASE SEE ATTACHED PART XIV GRANT FOR SUPPORT. | $37,077,512 |
MATCHING EDUCATION GIFTS PURPOSE: MATCHING EDUCATION GIFT SENT TO VARIOUS ENTITIES, PLEASE SEE ATTACHED PART XV GRANT FOR SUPPORT. | $458,131 |
LEADERSHIP AND VOLUNTEER GRANTS PURPOSE: OTHER LEADERSHIP AND VOLUNTEER GRANTS PAID TO VARIOUS FOUNDATIONS, PLEASE SEE ATTACHED PART XV GRANT FOR SUPPORT. | $86,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |