Austin E Knowlton Foundation Inc
- Assets
- $257.9m
- Revenue
- $9.2m
- Investments
- $236.7m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 10/1982
- Data as of
- 12/2021
- EIN
- 31-1044475
Organization Overview
Austin E Knowlton Foundation Inc is located in Cincinnati, OH. The organization was established in 1982. 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. Austin E Knowlton 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 12/2021, Austin E Knowlton Foundation Inc generated $9.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $13.5m during the year ending 12/2021. While expenses have increased by 4.6% 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, Austin E Knowlton Foundation Inc has awarded 449 individual grants totaling $151,364,181. 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 |
|---|---|---|---|
Eric V Lindberg Vice President | 25 | $300,000 | |
Robert A Pitcairn Jr Secretary | 15 | $150,000 | |
John C Lindberg President | 10 | $100,000 | |
Edward D Diller Treasurer | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $95 |
| Dividends & Interest | $2,081,684 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,149,175 |
| Capital Gain Net Income | $9,614,735 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,230,954 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $550,000 |
| Other employee salaries and wages | $113,400 |
| Pension plans, employee benefits | $7,563 |
| Interest | $0 |
| Taxes | $211,162 |
| Depreciation | $0 |
| Occupancy | $25,184 |
| Travel, conferences, and meetings | $47,804 |
| Printing and publications | $0 |
| Other expenses | $56,296 |
| Total operating and administrative expenses | $2,036,550 |
| Contributions, gifts, grants paid | $11,460,000 |
| Total expenses and disbursements | $13,496,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,485 |
| Savings and temporary cash investments | $21,147,738 |
| 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 | $236,658,654 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $257,901,877 |
| 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, Austin E Knowlton Foundation Inc has awarded $27,710,000 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
Rock Island, IL PURPOSE: CONSTRUCTION OF PJL MD HEALTHCENTER | $6,000,000 |
Wooster, OH PURPOSE: LOWRY CENTER | $3,000,000 |
Granville, OH PURPOSE: CAREER CENTER | $2,600,000 |
Berea, OH PURPOSE: STEM CENTER | $2,500,000 |
Rock Island, IL PURPOSE: PJL MD HEALTH CENTER AND SCHOLARSHIP FUNDS | $2,040,000 |
Berea, OH PURPOSE: SCIENCE KNOWLTON CENTER | $1,900,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
Wyncote Foundation Philadelphia, PA | $612,779,360 | $16,336,575 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |