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Also known as: FKA MATTHEWS FAMILY FOUNDATION
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Matthews Family Foundation is a private trust based in CLEVELAND, OH. The foundation received its IRS ruling in 2011. The principal officer is William E Karnatz Jr. It holds total assets of $29.2M. Annual income is reported at $7.7M. Total assets have grown from $842K in 2011 to $28.9M in 2023. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. According to available records, Matthews Family Foundation has made 36 grants totaling $4M, with a median grant of $43K. Individual grants have ranged from $10K to $418K, with an average award of $111K. The foundation has supported 18 unique organizations. The foundation primarily supports organizations in Ohio, Illinois, District of Columbia, which account for 61% of all grants. Grantmaking reaches organizations across 9 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$50K
Average Grant
$106K
Largest Grant
$400K
Based on 14 grants from the most recent 990-PF filing.
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.
Matthews Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 36 grants. Its grantmaking reaches organizations primarily in OH, IL, DC.
Matthews Family Foundation has distributed a total of $4M across 36 grants. The median grant size is $43K, with an average of $111K. Individual grants have ranged from $10K to $418K.
Matthews Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Matthews Family Foundation is headquartered in CLEVELAND, OH. While based in OH, the foundation distributes grants to organizations across 9 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mason A Matthews | DISTRIBUTION COMMITTEE MEMBER | $25K | $0 | $25K |
| Michael E Daugherty | DISTRIBUTION COMMITTEE MEMBER | $0 | $0 | N/A |
| Parker T Matthews | DISTRIBUTION COMMITTEE MEMBER | $0 | $0 | N/A |
| Louis E Daugherty | TRUSTEE | $0 | $0 | N/A |
| Marci M Matthews | DISTRIBUTION COMMITTEE MEMBER | $0 | $0 | N/A |
Total Giving
$2.1M
Total Assets
$28.9M
Fair Market Value
$41.4M
Net Worth
$28.9M
Grants Paid
$1.8M
Contributions
N/A
Net Investment Income
$1.6M
Distribution Amount
$1.9M
Total: $24.4M
Total Grants
36
Total Giving
$4M
Average Grant
$111K
Median Grant
$43K
Unique Recipients
18
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St Martin De PorresGENERAL | Cleveland, OH | $418K | 2022 |
| Akron Children'S Hospital FoundationGENERAL | Akron, OH | $400K | 2022 |
| Humane Society Of Summit CountyGENERAL | Twinsburg, OH | $310K | 2022 |
| Shedd AquariumGENERAL | Chicago, IL | $300K | 2022 |
| Hudson Community FoundationGENERAL | Hudson, OH | $150K | 2022 |
| Rape Abuse & Incest National NetworkGENERAL | Washington, DC | $100K | 2022 |
| Providence HouseGENERAL | Cleveland, OH | $100K | 2022 |
| Quincy Quest FoundationGENERAL | Chattanooga, TN | $50K | 2022 |
| Gary Sinese FoundationGENERAL | Woodland Hills, CA | $50K | 2022 |
| International Violin Competition Of IndianapolasGENERAL | Indianapolis, IN | $36K | 2022 |
| Marine Corps Scholarship FoundationGENERAL | Alexandria, VA | $10K | 2022 |
| Cajun Relief FoundationGENERAL | New Orleans, LA | $10K | 2022 |
| Cleveland Family Center For Missing ChildrenGENERAL | Cleveland, OH | $10K | 2022 |
| Community CooperativeGENERAL | Fort Myers, FL | $10K | 2022 |
| Harry Chopin Food BankGENERAL | Fort Myers, FL | $10K | 2022 |
| The Haven Of Portage CountyGENERAL | Ravenna, OH | $10K | 2022 |
| Kent Social ServicesGENERAL | Kent, OH | $10K | 2022 |
| Portage County Sheriff'S OfficeGENERAL | Ravenna, OH | $10K | 2022 |
CLEVELAND, OH
CINCINNATI, OH
DUBLIN, OH