Greater Cincinnati Foundation
96% goes to programs $1 to raise $100 Strong reserves Growing revenue
Greater Cincinnati Foundation is a 501(c)(3) organization based in Cincinnati, Ohio, registered in 1963, with $183,703,186 in FY2024 revenue. CharityIndex grades it A, and it directs about 96% of spending to programs.
720 E Pete Rose Way Ste 120, Cincinnati, OH, 45202 EIN 31-0669700 Since 1963
Revenue (FY2024)
$183.7M
▼ 30.3% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$200.6M
Net assets
$1.0B
Employees
66
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating96% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Greater Cincinnati Foundation: 96% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating61 mo reserves · -9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Greater Cincinnati Foundation: 61 mo reserves · -9% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Greater Cincinnati Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Greater Cincinnati Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
As a trusted and connected partner, we inspire generous people to invest in a more equitable and vibrant region now and for generations to come.
What they do
Total designated funds:gcf donors can establish a "designated fund" where they specify that all future grants go to (1) one or more specific organizations, or (2) for a specific purpose. this enables ongoing funding for a museum, house of worship, or virtually any public charity or impact area in the nation.
Responsive grants: gcf responds to proposals submitted by nonprofit organizations in our eight-county service area. grants are made to support projects in the following issue areas: vibrant arts & culture, educational success, environmental beautification, disabilities and basic needs.
Community leadership initiatives, scholarship fund grants and various misc. grants.
Contact & location
- Address
- 720 E Pete Rose Way Ste 120, Cincinnati, OH, 45202
- City
- Cincinnati
- State
- Ohio
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $88.8M (FY2013) to $183.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $11.3MNet assets $1.0B
Operating margin
-9.2%
Spent more than it raised in the latest fiscal year.
Total assets
$1.0B
Total liabilities
$11.3M
Net assets
$1.0B
Salaries & benefits
$7.4M
4% of expenses
Board members
21
21 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $183,703,186▼30.3% | $200,558,735▲27.5% | $1,017,037,413▲4.8% | $1,028,372,436▲4.8% | 990 |
| 2023 | $263,557,773▲150% | $157,251,596▲29.3% | $970,672,942▲20.3% | $981,403,459▲19.6% | 990 |
| 2022 | $105,394,343▼32.9% | $121,589,479▼9.0% | $807,136,143▼11.9% | $820,405,582▼11.9% | 990 |
| 2021 | $157,180,384▼9.0% | $133,678,570▲2.2% | $916,016,882▲13.2% | $931,686,456▲12.6% | 990 |
| 2020 | $172,775,235▲25.7% | $130,772,102▲47.8% | $809,087,454▲11.4% | $827,117,036▲12.3% | 990 |
| 2019 | $137,413,135▲39.9% | $88,508,943▲7.2% | $726,087,334▲21.0% | $736,269,474▲21.1% | 990 |
| 2018 | $98,241,724▼9.7% | $82,563,293▲0.2% | $599,900,538▼3.4% | $608,197,871▼3.7% | 990 |
| 2017 | $108,745,290▲12.1% | $82,431,309▼0.3% | $621,026,449▲14.4% | $631,749,266▲13.8% | 990 |
| 2016 | $97,039,817▼12.4% | $82,700,782▼22.3% | $542,708,067▲6.3% | $555,308,757▲6.0% | 990 |
| 2015 | $110,807,762▲10.7% | $106,426,012▲38.0% | $510,429,366▼3.0% | $523,801,150▼2.8% | 990 |
| 2014 | $100,121,779▲12.8% | $77,106,255▲2.6% | $526,207,845▲5.4% | $539,121,684▲5.2% | 990 |
| 2013 | $88,779,702 | $75,156,771▲5.7% | $499,416,939▲11.1% | $512,365,697▲10.6% | 990 |
| 2012 | — | $71,121,680▲8.6% | $449,712,667▲10.5% | $463,136,435▲10.1% | 990 |
| 2011 | — | $65,509,353▼11.2% | $406,959,497▼5.0% | $420,585,500▼5.1% | 990 |
| 2010 | — | $73,751,555 | $428,541,127 | $443,272,190 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Matthew Randazzo — $569,719 (0.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Matthew Randazzo | Ceo & President | 55 | $569,719 |
| Melissa Krabbe | Cfo/treasurer | 50 | $201,794 |
| Sarah Weiss | Chief Philanthropy Officer | 42 | $194,981 |
| Sara Bolton | Chief of Staff | 42 | $185,118 |
| Rasheda Cromwell | Chief Impact Officer | 42 | $177,970 |
| Felicity Tao | Svp of Marketing & Integration | 42 | $175,921 |
| Rachel Perez | Vp of Finance | 42 | $153,034 |
| Robert Killins | Vp of Community Investments | 42 | $132,718 |
| Colleen Mccarthy | Vp of Philanthropy | 42 | $131,833 |
| Denisha Porter | Ed, All-in Cincinnati | 42 | $126,169 |
| Adison Nelson | Senior Director of Comm. Invest. | 42 | $123,958 |
| Brian Hodgett | Board Member | 3 | — |
| David Osborn Cfa | Board Vice Chair | 3 | — |
| Digi Schueler | Board Member | 3 | — |
| Ellen Van Der Horst | Board Chair | 3 | — |
| Ernest Mcadams Jr Esq | Board Member | 3 | — |
| George H Vincent Esq | Board Immediate Past Chair | 3 | — |
| Herb Robinson | Board Member | 3 | — |
| Jen Stein | Board Member | 3 | — |
| Joel Stone | Board Member | 3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cicero Holding Company LLC DBA Cicero Re | Consulting | $375,416 |
| Cicero Holding Company LLC DBA Cicero Re | Consulting | $375,416 |
| Rsm Us LLP | Consulting | $273,084 |
| Rsm Us LLP | Consulting | $273,084 |
| Fund Evaluation Group Inc | Investment Management | $229,569 |
| Fund Evaluation Group Inc | Investment Management | $229,569 |
| Avivar Capital LLC | Investment Management | $128,750 |
| Avivar Capital LLC | Investment Management | $128,750 |
Grants received · $23.2M total
112 grants to Greater Cincinnati Foundation totaling $23.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Third Sector New England Inc | Community foundation infrastructure grant | 2024 | $200,000 |
| Johnson Charitable Gift Fund | Various programs | 2024 | $108,831 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $60,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $26,000 |
| Cincinnati Center City Development Corporation | General support | 2024 | $10,000 |
| United Way of Greater Cincinnati | Supports uw mission | 2024 | $10,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $5,012 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $1,345,084 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $835,871 |
| Impactassets Inc | Queen mother's market | 2023 | $300,000 |
| United Way of Greater Cincinnati | Program operating cost | 2023 | $118,325 |
| United Way of Greater Cincinnati | Program operating cost | 2023 | $118,325 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $55,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $39,741 |
Grants made · $368.8M in FY2024
2,816 grants totaling $368.8M in FY2024 — showing the 15 largest. All grants made by Greater Cincinnati Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Nature Conservancy | Programatic support | $46,117,979 |
| Nature Conservancy | Programatic support | $46,117,979 |
| Conservation International Foundation | Programatic support | $10,968,851 |
| Conservation International Foundation | Programatic support | $10,968,851 |
| Charities Aid Foundation America | Programatic support | $4,201,584 |
| Charities Aid Foundation America | Programatic support | $4,201,584 |
| United Way of Greater Cincinnati | Programatic support | $4,128,668 |
| United Way of Greater Cincinnati | Programatic support | $4,128,668 |
| Bonneville Environmental Foundation | Programatic support | $4,067,200 |
| Bonneville Environmental Foundation | Programatic support | $4,067,200 |
| World Vision | Programatic support | $3,237,939 |
| World Vision | Programatic support | $3,237,939 |
| Royalmont Academy Inc | Programatic support | $3,121,500 |
| Royalmont Academy Inc | Programatic support | $3,121,500 |
| Alliance To End Plastic Waste Inc | Programatic support | $3,000,000 |
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Frequently asked questions
- Is Greater Cincinnati Foundation a legitimate nonprofit?
- Yes. Greater Cincinnati Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-0669700, based in Cincinnati, Ohio. Donations are tax-deductible.
- What is Greater Cincinnati Foundation's EIN?
- Greater Cincinnati Foundation's Employer Identification Number (EIN) is 31-0669700.
- How much revenue does Greater Cincinnati Foundation report?
- Greater Cincinnati Foundation reported $183,703,186 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Greater Cincinnati Foundation's spending goes to programs?
- Greater Cincinnati Foundation spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Greater Cincinnati Foundation have?
- CharityIndex grades Greater Cincinnati Foundation A, based on program efficiency and fundraising cost.
- How much does Greater Cincinnati Foundation's highest-paid employee make?
- The highest reported compensation on Greater Cincinnati Foundation's latest Form 990 is $569,719, paid to Matthew Randazzo (Ceo & President).
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Explore more
Data for Greater Cincinnati Foundation (EIN 31-0669700) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.