Millstone Fund
- Assets
- $121.7m
- Revenue
- $116.0m
- Investments
- $114.2m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 08/2019
- Data as of
- 09/2022
- EIN
- 83-4320073
Organization Overview
Millstone Fund is located in Cincinnati, OH. The organization was established in 2019. 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. Millstone Fund 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 09/2022, Millstone Fund generated $116.0m in total revenue. All expenses for the organization totaled $760.5k during the year ending 09/2022. While expenses have increased by 219.6% per year over the past 3 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 2021, Millstone Fund has awarded 27 individual grants totaling $494,500. 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 |
|---|---|---|---|
Elle S Folger Secretary | 29 | $33,852 | |
Corrie Scaringe Board Member | 29 | $28,392 | |
Alonzo T Folger IV President | 10 | $0 | |
Valerie Folger Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $108,458,641 |
| Interest on Savings | $278,244 |
| Dividends & Interest | $1,794,814 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,476,492 |
| Capital Gain Net Income | $5,476,492 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $116,008,191 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $62,244 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47,282 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,623 |
| Total operating and administrative expenses | $460,992 |
| Contributions, gifts, grants paid | $299,500 |
| Total expenses and disbursements | $760,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,371 |
| Savings and temporary cash investments | $7,388,035 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $121,689,828 |
| Accounts payable and accrued expenses | $1,216 |
| 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 | $1,216 |
Grants Awarded
Over the last fiscal year, Millstone Fund has awarded $299,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Loveland, OH PURPOSE: CAPITAL CONSTRUCTION PROJECT | $30,000 |
Cincinnati, OH PURPOSE: UPSPRING AFTER SCHOOL | $30,000 |
Cincinnati, OH PURPOSE: IT TAKES COURAGE TO ASK FOR HELP PROGRAM | $25,000 |
Cincinnati, OH PURPOSE: SUPPORTING HEALTHY LIFESTYLES FOR FAMILIES EXPERIENCING HOMELESSNESS | $22,000 |
CINCINNATI CHILDREN'S HOSPITAL PURPOSE: K-12 TRAUMA INFORMED EDUCATORS TRAINING | $20,000 |
WESLEY EDUCATION CENTER PURPOSE: PHASE 2 REMODELING PROJECT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |