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American Foundation Corporation is a private corporation based in CLEVELAND, OH. The foundation received its IRS ruling in 1974. It holds total assets of $23.1M. Annual income is reported at $18.2M. Total assets have grown from $13.7M in 2011 to $23.1M in 2024. The foundation is governed by 5 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. According to available records, American Foundation Corporation has made 4 grants totaling $5.9M, with a median grant of $1.5M. Annual giving has grown from $1.4M in 2020 to $3.3M in 2022. Individual grants have ranged from $1.3M to $1.6M, with an average award of $1.5M. Grant recipients are concentrated in Ohio. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
American Foundation Corporation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in OH.
American Foundation Corporation has distributed a total of $5.9M across 4 grants. The median grant size is $1.5M, with an average of $1.5M. Individual grants have ranged from $1.3M to $1.6M.
American Foundation Corporation typically selects its grantees rather than accepting unsolicited proposals.
American Foundation Corporation is headquartered in CLEVELAND, OH.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Dwight B Corning | PRESIDENT / | $0 | $0 | N/A |
| Mary V Murfey | V. PRES. / D | $0 | $0 | N/A |
| Nadine J Martin | ASST SECR/AS | $0 | $0 | N/A |
| Maria G Muth | SECR. / TREA | $0 | $0 | N/A |
| Frank Ryan | V PRESIDENT | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$23.1M
Fair Market Value
N/A
Net Worth
$23.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
4
Total Giving
$5.9M
Average Grant
$1.5M
Median Grant
$1.5M
Unique Recipients
1
Most Common Grant
$1.6M
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See AttachedCHARITABLE | Available Upon Request, OH | $1.6M | 2022 |