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Also known as: FUND INC
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Timken Company Charitable & Educational Fund is a private corporation based in NORTH CANTON, OH. The foundation received its IRS ruling in 1973. The principal officer is Deborah D Trubatch. It holds total assets of $4.1M. Annual income is reported at $3.6M. Total assets have grown from $2.5M in 2011 to $4.6M in 2023. The foundation is governed by 5 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Ohio. According to available records, Timken Company Charitable & Educational Fund has made 12 grants totaling $7.5M, with a median grant of $525K. Annual giving has grown from $1.6M in 2020 to $4M in 2022. Individual grants have ranged from $108K to $1.4M, with an average award of $629K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Ohio. Contributions to this foundation are tax-deductible.
Smallest Grant
$108K
Median Grant
$436K
Average Grant
$534K
Largest Grant
$1.1M
Based on 3 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.
Timken Company Charitable & Educational Fund primarily funds organizations in the area of education. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in OH.
Timken Company Charitable & Educational Fund has distributed a total of $7.5M across 12 grants. The median grant size is $525K, with an average of $629K. Individual grants have ranged from $108K to $1.4M.
Timken Company Charitable & Educational Fund typically selects its grantees rather than accepting unsolicited proposals. The application deadline is There is no Submission Deadline.. Grants are generally allocated in the range of $500 - $10,000. Grant requests for more than $10,000 must be pre-approved by The Timken Fund Board of Trustees. The Timken Fund invests in organizations that can deliver measurable results and sustainable improvements in the communities where Timken and its wholly-owned subsidiaries operate. Preference is given to organizations providing the biggest community impact aligned with our three focus areas. - Basic Needs: a limited number of requests are considered in this area, as our primary channel for Basic Needs funding is through United Way contributions. - Education - Community Development. An application form is available on the foundation's website.
Timken Company Charitable & Educational Fund is headquartered in NORTH CANTON, OH.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Nicole S Disalvo | President | $0 | $0 | N/A |
| Scott R Schroeder | SECRETARY | $0 | $0 | N/A |
| Timothy A Graham | Trustee | $0 | $0 | N/A |
| Hansal Patel | Trustee | $0 | $0 | N/A |
| Natasha Pollock | Trustee | $0 | $0 | N/A |
Total Giving
$2M
Total Assets
$4.6M
Fair Market Value
$4.6M
Net Worth
$4.6M
Grants Paid
$1.9M
Contributions
$2.1M
Net Investment Income
$89K
Distribution Amount
$219K
Total Grants
12
Total Giving
$7.5M
Average Grant
$629K
Median Grant
$525K
Unique Recipients
3
Most Common Grant
$1.4M
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Attached Schedule - GrantsCHARITABLE | North Canton, OH | $1.4M | 2022 |
| See Attached Schedule - Scholarship AmericaSCHOLARSHIP | North Canton, OH | $525K | 2022 |
| See Attached Schedule - Matching GiftsGENERAL OPERATIONS | North Canton, OH | $119K | 2022 |