Public Charity

FOUNDATION FUND

FOUNDATION FUND is a Public Charity headquartered in COLUMBUS, OH. Financial data from the 2024 filing: $6.7M revenue, $6.4M expenses, $4.4M total assets. 13 publicly reported grants to this organization, totaling roughly $2.1M, appear in IRS filings.

EIN: 874457570 COLUMBUS, OH Fund Raising & Fund Distribution NTEE: P12 Latest filing: 2024
Total Revenue$6.7M
Total Expenses$6.4M
Total Assets$4.4M
Grant Records13
Funding Total$2.1M
Filing Years2022–2024

Mission

THE Foundation exists to help community charities. We do this by raising their profile and awareness to help them forge even stronger community partnerships and ultimately raising revenue. Our primary activities include providing brand ambassadors at no cost to the nonprofits. We provide access to Ohio State football and basketball players as brand ambassadors, setting up events that allow the nonprofits to tell their story and reach more people. Additionally, we provide our brand ambassadors to connect with the charities' constituents, helping them increase their profile and providing value to the charities at no cost. Additionally, we seek to forge long-term partnerships with the charities and brand ambassadors. In 2024, we partnered with an LLC to handle any business deals that were not within our exempt purpose to continue to ensure all activites through THE Foundation are according to our exempt purpose.

Where $100 goes at Foundation Fund

How Foundation Fund divides every $100 it spends, from its own Form 990 filings, averaged across 3 years.

$85 Programs the work itself
$1 Management running the organization
$14 Fundraising raising the next dollar

Inside the $85 for programs

$85
We provided brand ambassadors to raise awareness, increase the profile, and help raise resources for the following community nonprofit partners: LifeTown, Buckeye Cruise for Cancer, A Kid Again…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2024
Provide infrastructure support to allow The Foundation Fund to grow and expand its services to serve more children and more local nonprofit organizations serving the needy and marginalized.
$1,100,000
2024
FOR RECIPIENT'S EXEMPT PURPOSE
$150,000
2024
ADVANCING PHILANTHROPY
$60,000
2024
GENERAL SUPPORT OF THE CHARITABLE FOUNDATION
$10,000
2024
INDEPENDENCE CONSTRUCTION IS PROUD TO SUPPORT THE FOUNDATION FUND IN LIEU OF THE TROY SMITH TOURNAMENT ON AUGUST 12, 2024.
$7,000

Showing up to 5 of 13 total records — full history available with membership.

Officers & Directors

Chairman Brian Schottenstein
Vice Chairman Cardale Jones
Treasurer and Secretary Michael Gogis

Officer compensation and complete director data available with membership.

Top Grant Purposes

Human & Social Services
$1,100,000 1 grant
General Support
$1,021,500 11 grants
Fundraising & Sponsorship
$7,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $6.7M $6.4M $4.4M
2023 $3.3M $1.0M $4.0M
2022 $2.4M $688K $1.9M

Between 2022 and 2024, reported annual revenue grew from $2.4M to $6.7M (+181%), with total assets most recently reported at $4.4M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for FOUNDATION FUND

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