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The Ariel Foundation is a private corporation based in MOUNT VERNON, OH. The foundation received its IRS ruling in 2009. The principal officer is Janet Reynolds. It holds total assets of $38.6M. Annual income is reported at $4.7M. Total assets have grown from $13.8M in 2011 to $38.6M in 2024. The foundation is governed by 5 officers and trustees. Tax records are available from 2015 to 2024. Grantmaking is concentrated in Ohio. According to available records, The Ariel Foundation has made 257 grants totaling $20.7M, with a median grant of $20K. Annual giving has grown from $6.9M in 2020 to $8.5M in 2022. Individual grants have ranged from N/A to $2M, with an average award of $81K. The foundation has supported 58 unique organizations. Grants have been distributed to organizations in Ohio and Michigan. Contributions to this foundation are tax-deductible.
The Ariel Foundation (Mount Vernon, OH; EIN 27-0226408) is a place-based private foundation with roughly $38.6M in assets, tightly focused on Knox County, Ohio and its communities. This is not to be confused with other similarly named entities (there is a separately registered DC/Virginia 'Ariel Foundation Inc' focused on Latin American arts, and an international NGO called Ariel Foundation International — both are different tax IDs). The Mount Vernon foundation is connected to the Ariel Corporation philanthropic tradition and has become known for transformative local investments: parks, trails, downtown revitalization, the restored Woodward Opera House, Kenyon College collaborations, and Knox County nonprofit operations. Approach as a regional, place-based funder — out-of-region asks are unlikely to succeed unless they clearly benefit Knox County residents. There is no published open RFP portal; grants appear to be trustee-driven, often multi-year, often tied to Ariel Foundation board/staff relationships in the local community.
Recent 990s show roughly 63 grants per year with a median check of $15,000, an average of $84,684, a minimum of $120, and a maximum of $2,000,000. This is a classic barbell: a broad base of community small-dollar grants ($1K-$15K to local nonprofits, scholarships, and churches) paired with a few transformative six- and seven-figure awards to flagship Knox County projects. Geographic focus is essentially 100% Ohio, with the clear center of gravity in Knox County (Mount Vernon, Gambier, Fredericktown). Expenses outpaced revenue in 2024 ($7.98M vs $3.65M) reflecting an aggressive payout posture — the foundation is actively deploying capital rather than hoarding endowment, which is unusual for its asset size.
Against other T20 Midwest community-anchored family/corporate foundations with $30-50M assets, Ariel stands out for high payout intensity:
| Peer (T20, $30-50M, Midwest) | Grants/yr | Median grant | Max grant |
|---|---|---|---|
| The Ariel Foundation (OH) | ~63 | $15K | $2.0M |
| Carey Family Foundation (CT) | ~4 | $376K | $2.07M |
| Prairie Foundation (TX) | ~40 | $5K | $35K |
| Robert Lehman Foundation (NY) | ~58 | $10K | $795K |
| Typical T20 peer | 20-40 | $10K-$20K | $250K-$500K |
Ariel's combination of 63 grants, $15K median, and $2M ceiling shows both broad community coverage AND concentrated capital bets — a pattern most commonly seen in regional industrial-family foundations (Lilly, Kresge-style at smaller scale) rather than pure trust foundations.
Recent years have seen continued heavy investment in Mount Vernon infrastructure and Knox County nonprofits, with public-facing milestones including the completed Ariel-Foundation Park (a repurposed industrial site turned public park) and ongoing partnerships with Kenyon College, Mount Vernon Nazarene University, and the Knox County Foundation. 2024 financials indicate above-average payout ($7.98M in expenses against $3.65M revenue), suggesting the foundation is in an active deployment phase rather than accumulating. No reported leadership turnover. No published 2025-2026 strategic pivot — posture remains local, place-based, and capital-project friendly. Because there is no public website actively promoting the Mount Vernon Ariel Foundation, news flow is limited to local Knox County media.
Ariel rewards deep Knox County roots and clear, tangible local benefit. To have a realistic shot: (1) confirm your project primarily serves Knox County, Ohio residents or institutions — if your service area is broader, make the Knox County slice explicit and separately budgetable; (2) cultivate local relationships first — Kenyon, MVNU, Knox Community Hospital, the Knox County Foundation, and Mount Vernon city government are common co-funders and introduction points; (3) if you can, frame the ask around a named capital or program milestone (a building, a park feature, a multi-year scholarship fund, a signature event) rather than unrestricted operating; (4) right-size: most grantees should ask $10K-$50K, while flagship institutions with long relationships can ask $250K-$1M+; (5) there is no published application form — send a one-page concept via a trustee or local partner rather than a cold letter of inquiry. Out-of-Ohio applicants should expect a decline unless explicitly routed by a board connection.
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Smallest Grant
$120
Median Grant
$15K
Average Grant
$85K
Largest Grant
$2M
Based on 63 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.
Recent 990s show roughly 63 grants per year with a median check of $15,000, an average of $84,684, a minimum of $120, and a maximum of $2,000,000. This is a classic barbell: a broad base of community small-dollar grants ($1K-$15K to local nonprofits, scholarships, and churches) paired with a few transformative six- and seven-figure awards to flagship Knox County projects. Geographic focus is essentially 100% Ohio, with the clear center of gravity in Knox County (Mount Vernon, Gambier, Frederickt.
The Ariel Foundation has distributed a total of $20.7M across 257 grants. The median grant size is $20K, with an average of $81K. Individual grants have ranged from N/A to $2M.
The Ariel Foundation (Mount Vernon, OH; EIN 27-0226408) is a place-based private foundation with roughly $38.6M in assets, tightly focused on Knox County, Ohio and its communities. This is not to be confused with other similarly named entities (there is a separately registered DC/Virginia 'Ariel Foundation Inc' focused on Latin American arts, and an international NGO called Ariel Foundation International — both are different tax IDs). The Mount Vernon foundation is connected to the Ariel Corpora.
The Ariel Foundation is headquartered in MOUNT VERNON, OH. While based in OH, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Karen Buchwald Wright | SUPERV.DIR., CHAIRMAN,PRES | $0 | $0 | N/A |
| David Stuller | PAST - DIRECTOR, SECRETARY, TREASURER | $0 | $0 | N/A |
| Kurt Schisler | CURRENT DIRECTOR, SECRETARY, TREASURER | $0 | $0 | N/A |
| Jen Odenweller | EXECUTIVE DIRECTOR | $0 | $0 | N/A |
| Thomas Rastin | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$38.6M
Fair Market Value
N/A
Net Worth
$38.6M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
257
Total Giving
$20.7M
Average Grant
$81K
Median Grant
$20K
Unique Recipients
58
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Foundation For Knox Community HospitalKCH FAMILY CARE CENTER, WRIGHT FAMILY MEDICAL PAVILLION | Mount Vernon, OH | $1M | 2022 |
| Knox County Land Reutilization CorporationMOUNT VERNON DOWNTOWN WEST CORRIDOR DEVELOPMENT | Mount Vernon, OH | $387K | 2022 |
| New Directions Domestic Abuse Shelter Of Knox CountyNEW DIRECTIONS EXPANSION PROJECT MATCHING GRANT | Mount Vernon, OH | $300K | 2022 |
| Knox Partnership For Arts & Culture Inc Dba Woodward Opera House ConservanCAPACITY BUILDING GRANT 2022 | Mount Vernon, OH | $273K | 2022 |
| Mount Vernon Arts Consortium IncAMPLIFYING ARTS AND ENTERTAINMENT IN MOUNT VERNON 2022 | Mount Vernon, OH | $250K | 2022 |
| Mount Vernon Nazarene UniversitySOCCER AND LACROSSE COMPLEX | Mount Vernon, OH | $249K | 2022 |
| Ohio Eastern Star HomePINE HILL INDEPENDENT SENIOR HOUSING | Mount Vernon, OH | $150K | 2022 |
| The Village NetworkKNOX COUNTY JUVENILE COURT DIVERSION PROGRAM | Mount Vernon, OH | $105K | 2022 |
| Woodward Development CorporationOPERA HOUSE AND ANNEX CONSTRUCTION, MANAGEMENT AND PROJECT SUPPORT | Mount Vernon, OH | $90K | 2022 |
| Foundation Park ConservancySCHNORMEIER EVENT CENTER FIRE SUPPRESSION SYSTEM/ ADA RAMP | Mount Vernon, OH | $62K | 2022 |
| Knox County Head Start IncPARENT SUPPORT INITIATIVE 2022-2023 | Mount Vernon, OH | $60K | 2022 |
| City Of Mount VernonTREE REMOVAL & ASSOCIATED SIDEWALK REPAIR 2022 | Mount Vernon, OH | $59K | 2022 |
| Science Play-Space Initiative (Spi) IncOPERATIONS SUPPORT FOR DISCOVERY PLAY 2022 | Mount Vernon, OH | $51K | 2022 |
| Knox County Career CenterKNOX TECHNICAL CENTER PROGRAM SUPPORT FY 2021-2022 | Mount Vernon, OH | $50K | 2022 |
| Ymca Of Mount VernonYMCA SCHOLARSHIPS, PROGRAMMING, OUTREACH AND OPERATIONS 2022 | Mount Vernon, OH | $40K | 2022 |
| New Hope IndustriesNHI NEXT GENERATION | Mount Vernon, OH | $39K | 2022 |
| Winter Sanctuary IncSHELTER SERVICES GRANT 2021-2022 | Mount Vernon, OH | $25K | 2022 |
CLEVELAND, OH
CINCINNATI, OH
DUBLIN, OH