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Ackerman Foundation is a private trust based in INDIANAPOLIS, IN. The foundation received its IRS ruling in 1993. It holds total assets of $16.7M. Annual income is reported at $6.2M. Total assets have grown from $7.9M in 2011 to $16.7M in 2024. The foundation is governed by 1 officer or trustee. Tax records are available from 2016 to 2024. Grantmaking is concentrated in San Diego County, California. According to available records, Ackerman Foundation has made 71 grants totaling $921K, with a median grant of $10K. Annual giving has grown from $397K in 2020 to $524K in 2022. Individual grants have ranged from $2K to $63K, with an average award of $13K. The foundation has supported 44 unique organizations. Grants have been distributed to organizations in Indiana and Ohio. Contributions to this foundation are tax-deductible.
The Thomas C. Ackerman Foundation is a narrow-mandate private trust established in 1991 from the estate of Thomas C. Ackerman to sustain his legacy of investing in San Diego County youth. Now in its 34th year of operation, the foundation holds approximately $16.7 million in assets administered by a single trustee, John F Ackerman, who oversees a tightly focused grantmaking program exclusively supporting formal K-12 classroom programs in STEAM — mathematics, sciences, arts, performing arts, and music — within San Diego County.
First-time applicants must understand this funder operates with binary eligibility criteria. Your organization must (1) operate or support a formal K-12 classroom program where STEAM is the primary curriculum, (2) have been established and operating in San Diego County for more than one year, and (3) not have received Ackerman funding in the past 24 months. Organizations that do not satisfy all three criteria are rejected without review.
The giving philosophy reflects the founder's belief in sustainable community investment. The foundation avoids creating organizational dependency, explicitly preferring to fund projects that 'eventually become self-sustaining or for which other sources of funds may later be obtained.' Framing your grant request as catalyst funding that accelerates independence — rather than plugging a budget gap — is essential. The board reserves flexibility for multi-year commitments when needs are compelling, but this is the exception rather than the rule.
Grantee relationships follow a two-step progression. Initial applications via grantrequest.com are reviewed at quarterly board meetings, a process taking 6-12 weeks, with one of three outcomes: denial, invitation for a more detailed application, or a direct award. Only invited organizations proceed to Step 2, which requires IRS 501(c)(3) verification, California tax exemption letters, organizational and project budgets, a Form 990, two years of financial statements, and a current board list. There is no formal LOI stage separate from the online application.
The foundation positions itself as a local solution to a funding gap, explicitly recognizing that 'San Diego based non-profit groups have a small universe to choose from in obtaining funding within our community.' This community-centered identity makes the foundation most receptive to organizations deeply embedded in San Diego's educational ecosystem, rather than national organizations with local program arms. Confirmed recent grantees include Boys to Men Mentoring Network ($10,000), ABC-AnyBodyCanFoundation ($18,000), Coastal Roots Farm ($20,500), and California State University San Marcos ($15,000).
The Thomas C. Ackerman Foundation has deployed between $396,500 and $814,985 in annual grants across its recorded history, with a clear upward trend since FY2021. Prior to the foundation's major endowment event, assets held steady in the $7.8–$8.5 million range for nearly a decade, supporting annual grantmaking of $396,500–$443,000. In FY2021, the foundation received an $8.7 million external contribution — the only such contribution in its IRS-filed history — nearly doubling assets from $8.0 million (FY2020) to $16.8 million (FY2021). This has translated directly into higher grantmaking: grants paid rose from $396,500 (FY2020) to $524,000 (FY2022) to $780,000 (FY2023), and FY2024 charitable disbursements reached $814,985.
The foundation's payout rate runs approximately 4.5–5% of assets annually — consistent with private foundation minimums and indicating a long-term preservation orientation. At current asset levels of $16.7 million, the sustainable annual grantmaking range is approximately $750,000–$850,000, assuming continued investment returns.
Revenue is entirely investment-driven. In FY2024, dividends provided $885,345 (83.7% of total revenue), supplemented by asset sales ($148,512) and other income ($23,803). The foundation receives no external contributions in most years, making investment performance the primary determinant of grantmaking capacity. FY2022 saw $4.2 million in net investment income (market recovery), while FY2023 returned only $357,829 — illustrating the volatility grantees should factor into multi-year planning.
Individual grant sizes cluster in the $10,000–$20,500 range for most recipients, based on confirmed GrantStation grantee data. The foundation's own records describe a median grant of $10,000, average of $11,191, and a range of $1,250–$50,000 across 38 recorded transactions. The $50,000 ceiling applies to top-tier relationships. All documented grants are unrestricted general operating support, with purposes described as 'general operations' or 'general purposes' — indicating that applicants need not restrict their request to a single project if general operating support better serves their needs. The foundation funds exclusively within San Diego County K-12 STEAM education; no geographic or sector diversification is evident in its history.
The Thomas C. Ackerman Foundation occupies a distinctive niche in San Diego County philanthropy: it is one of the few private foundations offering open-application, unrestricted general operating support specifically for K-12 STEAM education programs in the region.
| Foundation | Assets (approx.) | Annual Giving (approx.) | Primary Focus | Application |
|---|---|---|---|---|
| Thomas C. Ackerman Foundation | $16.7M (FY2024) | $780K–$815K | K-12 STEAM, San Diego County | Open (grantrequest.com) |
| Parker Foundation | ~$120M | ~$5–7M | Broad San Diego nonprofits | Open |
| Legler Benbough Foundation | ~$150M | ~$5–8M | Arts, culture, education, health — San Diego | Invited only |
| William D. Cannon Foundation | ~$10M | ~$400–600K | K-12 education, San Diego area | Open |
| San Diego Foundation | ~$1B+ | ~$80M+ | Community-wide, San Diego County | Open (competitive) |
The Ackerman Foundation occupies a clear gap: it is more narrowly focused than the Parker Foundation (which funds broadly across San Diego nonprofits) and more accessible than Legler Benbough (which is invitation-only for established relationships). Its $10,000 median grant and $50,000 ceiling make it best suited for small-to-mid-sized San Diego organizations delivering direct STEAM instruction, rather than the larger capital campaigns or scale-up grants for which Parker or San Diego Foundation are more appropriate vehicles. William D. Cannon Foundation is the closest structural peer — similar asset base, K-12 education focus, San Diego geography — and organizations targeting both should prepare similar materials. Note: peer financial figures are approximate, based on available public IRS filings and third-party databases; verify independently before citing in applications.
The most current public signal from the Thomas C. Ackerman Foundation is the opening of its 2026 grant cycle with an August 15, 2026 deadline — confirmed on the foundation's website as of the date of this research. This represents an active solicitation period and the clearest indicator that the foundation is reviewing new relationships.
The larger structural story is the FY2021 endowment event: a single $8.7 million contribution — the only external contribution in the foundation's IRS-filed history going back to at least FY2012 — that doubled the asset base from $8.0 million to $16.8 million and permanently elevated the foundation's grantmaking capacity. Annual grants paid have risen consistently since: $425,250 (FY2021), $524,000 (FY2022), $780,000 (FY2023), and $814,985 in charitable disbursements (FY2024). The foundation appears to have deliberately stepped up its spending velocity rather than allowing the endowment to grow passively.
Recent confirmed San Diego grantees (from GrantStation records) include Boys to Men Mentoring Network ($10,000), ABC-AnyBodyCanFoundation ($18,000), Coastal Roots Farm ($20,500), and California State University San Marcos ($15,000) — a cohort spanning mentoring, environmental education, and college access consistent with STEAM and underserved community priorities.
No leadership changes, new program announcements, or public communications were identified in the 2025–2026 period. John F Ackerman continues as sole trustee with $0 compensation reported across all available filings. The foundation maintains a minimal public footprint — no social media presence, no press releases, no named program officers — which means the grantrequest.com portal is the primary and essentially only formal point of contact.
Securing a grant from the Thomas C. Ackerman Foundation requires disciplined alignment with its stated criteria and a sharp, outcomes-driven narrative. The foundation has identified specific failure modes it actively screens against, making generic grant-writing an insufficient approach.
Outcomes language is mandatory and must be specific. The application page states unambiguously that the foundation 'does not view attendance or enrollment as an outcome.' Before applying, identify two to three measurable learning metrics your program produces — pre/post assessment score improvements, standardized test performance gains, skill demonstration results (coding portfolios, science fair placements, art exhibitions) — and structure your entire narrative around them. Applicants defaulting to headcount or participation rates face a high risk of rejection at the board level.
Conciseness is an explicit evaluation criterion. The foundation's application page rates 'conciseness and clarity' as 'the most highly regarded attributes.' Write tightly: eliminate filler language, avoid jargon, and front-load your strongest evidence. A sharper three-page narrative will outperform a comprehensive ten-page document.
Use the formal classroom framing precisely. The eligibility guidelines require a 'formal classroom K through 12th grade program' where the 'primary purpose, curriculum, or object' emphasizes STEAM. After-school enrichment programs, field trips, or supplementary tutoring without a classroom anchor face a harder case. If your program integrates into the school day or partners directly with classroom instruction, say so explicitly.
Sustainability positioning is essential. The foundation avoids funding organizations that become dependent on its support. In your narrative, reference other funders you are cultivating, earned revenue components, replication plans, or how this grant unlocks other capital. Show the foundation it is an accelerant, not a lifeline.
Submit early. Applications received within 30 days of a board meeting defer to the next cycle, potentially adding months to your timeline. Targeting submission in June or early July for the August 15, 2026 cycle maximizes your chances of the earliest board review.
Direct contact is minimal. With no program officers listed and no social media presence, relationship cultivation outside the formal application channel is not a viable strategy here. Focus your energy on the quality of the application itself rather than outreach.
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Smallest Grant
$1K
Median Grant
$10K
Average Grant
$11K
Largest Grant
$50K
Based on 38 grants from the most recent 990-PF filing.
Grants for organizations supporting or operating formal classroom K-12 programs emphasizing the teaching of mathematics or sciences
Grants for organizations supporting or operating formal classroom K-12 programs emphasizing art, performing arts, and music skill development or application
The Thomas C. Ackerman Foundation has deployed between $396,500 and $814,985 in annual grants across its recorded history, with a clear upward trend since FY2021. Prior to the foundation's major endowment event, assets held steady in the $7.8–$8.5 million range for nearly a decade, supporting annual grantmaking of $396,500–$443,000. In FY2021, the foundation received an $8.7 million external contribution — the only such contribution in its IRS-filed history — nearly doubling assets from $8.0 mil.
Ackerman Foundation has distributed a total of $921K across 71 grants. The median grant size is $10K, with an average of $13K. Individual grants have ranged from $2K to $63K.
The Thomas C. Ackerman Foundation is a narrow-mandate private trust established in 1991 from the estate of Thomas C. Ackerman to sustain his legacy of investing in San Diego County youth. Now in its 34th year of operation, the foundation holds approximately $16.7 million in assets administered by a single trustee, John F Ackerman, who oversees a tightly focused grantmaking program exclusively supporting formal K-12 classroom programs in STEAM — mathematics, sciences, arts, performing arts, and m.
Ackerman Foundation is headquartered in INDIANAPOLIS, IN. While based in IN, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John F Ackerman | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$16.7M
Fair Market Value
N/A
Net Worth
$16.7M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
71
Total Giving
$921K
Average Grant
$13K
Median Grant
$10K
Unique Recipients
44
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Big Brothers Big SistersGENERAL OPERATIONS | Indianapolis, IN | $20K | 2022 |
| Children'S MuseumGENERAL OPERATIONS | Indianapolis, IN | $5K | 2022 |
| Oaks AcademyGENERAL OPERATIONS | Indianapolis, IN | $63K | 2022 |
| Conner Prairie MuseumGENERAL OPERATIONS | Fishers, IN | $50K | 2022 |
| Providence Cristo ReyGENERAL OPERATIONS | Indianapolis, IN | $50K | 2022 |
| Jewish Federation Of Greater IndianapolisGENERAL OPERATIONS | Indianapolis, IN | $50K | 2022 |
| United Way Of Central IndianaGENERAL OPERATIONS | Indianapolis, IN | $30K | 2022 |
| Parent Project MdGENERAL OPERATIONS | Middletown, OH | $25K | 2022 |
| Gleaners Food BankGENERAL OPERATIONS | Indianapolis, IN | $25K | 2022 |
| Shepherd Community CenterGENERAL OPERATIONS | Indianapolis, IN | $20K | 2022 |
| NewfieldsGENERAL OPERATIONS | Indianapolis, IN | $20K | 2022 |
| Elevate Ventures IncGENERAL OPERATIONS | Indianapolis, IN | $15K | 2022 |
| Junior Achievement Of Central IndianaGENERAL OPERATIONS | Indianapolis, IN | $10K | 2022 |
| College MentorsGENERAL OPERATIONS | Indianapolis, IN | $10K | 2022 |
| United Schools Of IndianapolisGENERAL OPERATIONS | Indianapolis, IN | $10K | 2022 |
| O'Connor HouseGENERAL OPERATIONS | Carmel, IN | $10K | 2022 |
| John H Boner Community CenterGENERAL OPERATIONS | Indianapolis, IN | $10K | 2022 |
| School On WheelsGENERAL OPERATIONS | Indianapolis, IN | $10K | 2022 |
| TeenworksGENERAL OPERATIONS | Indianapolis, IN | $10K | 2022 |
| Kipp IndianapolisGENERAL OPERATIONS | Indianapolis, IN | $10K | 2022 |
| Outreach IncGENERAL OPERATIONS | Indianapolis, IN | $10K | 2022 |
| Indiana Historical SocietyGENERAL OPERATIONS | Indianapolis, IN | $5K | 2022 |
| Indiana Reperatory TheatreGENERAL OPERATIONS | Indianapolis, IN | $5K | 2022 |
| Indianapolis Symphony Orchestra FoundationGENERAL OPERATIONS | Indianapolis, IN | $5K | 2022 |
| Indianapolis ZooGENERAL OPERATIONS | Indianapolis, IN | $5K | 2022 |
| Heartland Film IncGENERAL OPERATIONS | Indianapolis, IN | $5K | 2022 |
| Muscular Dystrophy Family FoundationGENERAL OPERATIONS | Carmel, IN | $5K | 2022 |
| Concerts For A CauseGENERAL OPERATIONS | Carmel, IN | $5K | 2022 |
| The Children'S Theraplay Foundation IncGENERAL OPERATIONS | Carmel, IN | $5K | 2022 |
| Bosma Visionary OpportunitiesGENERAL OPERATIONS | Indianapolis, IN | $5K | 2022 |
| Eiteljorg MuseumGENERAL OPERATIONS | Indianapolis, IN | $5K | 2022 |
| Indianapolis Children'S ChoirGENERAL OPERATIONS | Indianapolis, IN | $5K | 2022 |
| Eskenazi Health FoundationGENERAL OPERATIONS | Indianapolis, IN | $4K | 2022 |
| Crossroads Of America CouncilGENERAL OPERATIONS | Indianapolis, IN | $3K | 2022 |
| Wheeler MissionGENERAL PURPOSES | Indianapolis, IN | $10K | 2020 |
| Marian UniversityGENERAL PURPOSES | Indianapolis, IN | $10K | 2020 |
| Good Samaritan NetworkGENERAL PURPOSES | Fishers, IN | $10K | 2020 |
| Second HelpingsGENERAL PURPOSES | Indianapolis, IN | $10K | 2020 |
| Starfish InitiativeGENERAL PURPOSES | Indianapolis, IN | $10K | 2020 |