(March 21, 2024) The Dayton Foundation, the oldest and largest community foundation in the Greater Dayton region of Ohio, announced today that it has surpassed $1.12 billion in current assets as of December 31, 2023. The Foundation now is among the top four percent of more than 800 community foundations nationwide for assets under management and the third largest community foundation in Ohio. Additionally, Foundation fund holders awarded 23,859 in grants and scholarships totaling $124.1 million in its fiscal year ending June 30, 2023 – more than in any previous year – with an additional $90.4 million awarded in its current fiscal year to date. Since the Foundation’s inception in 1921 more than $1.37 billion has been awarded to charities locally, nationally and internationally.
Said Dayton Foundation Governing Board Chair David Miller, “We’re so proud to serve the charitable giving needs of Greater Daytonians. Giving of this level is a testament to the trust our community holds for The Dayton Foundation, and we’re honored to carry out their hopes and dreams through charitable gifts to the nonprofit organizations and causes most important to them.”
According to Mike Parks, CFRE, president of The Dayton Foundation, the establishment of new donor funds of all types, including Charitable Checking AccountsSM, the Foundation’s free donor-advised fund option, as well as new contributions to existing funds, played a major role in getting the Foundation to where it is today. During its last fiscal year, The Dayton Foundation received nearly $77 million in new gifts and added 260 current and deferred funds, bringing the total number of Foundation funds under management to a record 4,145.
“This milestone in the number of funds opened and grant dollars awarded is thanks to the many caring individuals and families who are committed to making Greater Dayton better and stronger for all of its citizens,” Parks said. “Each year, these fund holders invest in meaningful causes and organizations locally, across the nation and internationally, spanning areas of interest from education, arts and culture, health, human services, religion and more. The strength of their giving is remarkable for a community of our size, and we are grateful to be their partner in giving.”
The Dayton Foundation has witnessed significant growth in the last decade, with assets under management rising from $416 million in 2013 to $1.12 billion at the close of calendar year 2023.
For more information about The Dayton Foundation, including how you can establish a charitable fund, visit the new daytonfoundation.org or follow the Foundation on Facebook, X or LinkedIn.