Toledo Community Foundation

Organization Overview

Toledo Community Foundation, operating under the name Greater Toledo Community Foundation Inc, is located in Toledo, OH. The organization was established in 1973. 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 12/2021, Greater Toledo Community Foundation Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Toledo Community Foundation Inc 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 12/2020, Greater Toledo Community Foundation Inc generated $23.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $21.8m during the year ending 12/2020. While expenses have increased by 3.7% per year over the past 6 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, Greater Toledo Community Foundation Inc has awarded 2,053 individual grants totaling $82,093,289. 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

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO ENRICH THE QUALITY OF LIFE IN NORTHWEST OHIO AND SOUTHEAST MICHIGAN BY PROVIDING FINANCIAL SUPPORT TO INITIATE PROGRAMS THAT ADDRESS THE CHANGING NEEDS OF OUR REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THIS ORGANIZATION IS A PUBLIC CHARITABLE CORPORATION SERVING THE PEOPLE OF NORTHWEST OHIO AND SOUTHEAST MICHIGAN. FUNDS ARE EXPENDED FOR DESERVING CIVIC, CHARITABLE AND BENEVOLENT PURPOSES FOR THE BETTERMENT OF THE COMMUNITY AND RESIDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Mr Keith Burwell
President
$260,783
Mrs Kimberly Cryan
Chief Financial Officer
$164,188
Mr Ken Elkins
Chief Operating Officer
$138,136
Mr Jay Morgan
Treasurer
$0
Mr Hussien Y Shousher
Chairman
$0
Mr Pariss M Coleman II
Secretary
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$14,720,822
Investment income $4,994,608
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $135,720
Net Gain/Loss on Asset Sales $1,314,294
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $23,444,286

Grants Awarded

Over the last fiscal year, Toledo Community Foundation has awarded $14,658,193 in support to 318 organizations.

Grant RecipientAmount

HOSPICE OF NORTHWEST OHIO

Org PageRecipient Profile

Perrysburg, OH

PURPOSE: GENERAL SUPPORT, EMPLOYEE EDUCATION, LIGHT UP YOUR LIFE, ANNUAL GIFT, HNO TOLEDO CENTER EXTERIOR PAINT, JUDY SEIBENICK EDUCATION FUND, HEART OF HOSPICE

$1,192,298

THE 577 FOUNDATION

Org PageRecipient Profile

Perrysburg, OH

PURPOSE: GENERAL SUPPORT, 2021 OPERATING NEEDS

$685,000

SOLAR TOLEDO NEIGHBORHOOD FOUNDATION

Org PageRecipient Profile

Toledo, OH

PURPOSE: SOLAR PROJECT

$522,485

TOLEDO MUSEUM OF ART

Org PageRecipient Profile

Toledo, OH

PURPOSE: TO BENEFIT THE TOLEDO MUSEUM OF ART COMMUNITY IN SUPPORTING INDIVIDUAL CREATIVE EXPRESSION

$497,127

UNITED WAY OF GREATER TOLEDO

Org PageRecipient Profile

Toledo, OH

PURPOSE: UWGT & ASPIRE PARTNERSHIP , ASPIRE PROGRAM, GENERAL SUPPORT, 2022 ANNUAL CONTRIBUTION, 50% FOR EDUCATION INITIATIVES.50% FOR UNITED WAY 2-1-1 SUPPORT., SUPPORT THE 2021 EMERGENCY FUND, MARCH/APRIL 2021 EMERGENCY SHELTER , 2020 CAMPAIGN, 2021-2022 CAMPAIGN, ANNUAL CONTRIBUTION - SHUMAKER EMPLOYEE CAMPAIGN, 2021 DONATION - TOCQUEVILLE SOCIETY, JANUARY 2021 EMERGENCY SHELTER

$391,032

STRANAHAN THEATER TRUST

Org PageRecipient Profile

Toledo, OH

PURPOSE: ANNUAL DISTRIBUTION, LAND, KITCHEN ROOF, AND COMPUTERS

$384,362
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 29 grants that Toledo Community Foundation has recieved totaling $931,378.

Awarding OrganizationAmount
David And Lura Lovell Foundation

Tucson, AZ

PURPOSE: DONOR-ADV FUND FOR MENTAL HEALTH

$450,000
Gorski Family Foundation

Maumee, OH

PURPOSE: GENERAL OPERATIONS

$146,500
Promedica Health System Inc

Toledo, OH

PURPOSE: CHARITABLE DONATION

$81,000
The O-I Charities Foundation

Perrysburg, OH

PURPOSE: CHARITABLE SUPPORT

$50,000
Organization Name not Listed

PURPOSE: GENERAL OPERATING

|

$25,000
Bowling Green High School Class Of 1978 Foundation

Lewis Center, OH

PURPOSE: FUTURE COLLEGE SCHOLARSHIP

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$18,715,349
Earnings$6,404,003
Admin Expense$144,978
Net Contributions$408,167
Grants$1,660,923
Ending Balance$23,721,618

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