Henry And Louise Timken Foundation

Organization Overview

Henry And Louise Timken Foundation is located in Canton, OH. The organization was established in 1967. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Henry And Louise Timken 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, Henry And Louise Timken Foundation generated $392.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $370.5k during the year ending 12/2021. While expenses have increased by 3.0% 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, Henry And Louise Timken Foundation has awarded 43 individual grants totaling $1,486,068. 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 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, AND TO CARRY OUT THE PURPOSE OF STARK COMMUNITY FOUNDATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, AND TO CARRY OUT THE PURPOSE OF STARK COMMUNITY FOUNDATION.


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Board, Officers & Key Employees

Name (title)Compensation
Robert R Timken
President
$0
Donald L Hart
V.p., Treasurer
$0
Wr Timken Jr
Secretary
$0
Ward J Timken Sr
Director
$0
Theodore V Boyd
Director
$0
William H Belden Jr
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $66,084
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $326,749
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $392,833

Grants Awarded

Over the last fiscal year, Henry And Louise Timken Foundation has awarded $235,000 in support to 5 organizations.

Grant RecipientAmount

HATHAWAY BROWN SCHOOL

Org PageRecipient Profile

Shaker Heights, OH

PURPOSE: GENERAL SUPPORT

$100,000

COMMUNITY BUILDING PARTNERSHIP OF STARK COUNTY INC

Org PageRecipient Profile

Canton, OH

PURPOSE: GENERAL SUPPORT

$50,000

THE EXPERIMENTAL AIRCRAFT ASSOCIATION

Org PageRecipient Profile

Oshkosh, WI

PURPOSE: GENERAL SUPPORT

$50,000

STARK ECONOMIC DEVELOPMENT BOARD

Org PageRecipient Profile

Canton, OH

PURPOSE: GENERAL SUPPORT

$20,000

CANTON SYMPHONY ORCHESTRA

Org PageRecipient Profile

Canton, OH

PURPOSE: GENERAL SUPPORT

$15,000
View Grant Profile

Endowment Analysis

Beg. Balance$9,339,256
Earnings$1,625,122
Admin Expense$2,002
Grants$238,054
Ending Balance$10,724,322

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