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Filing year 2024

FW ALBRECHT FAMILY FOUNDATION

Akron, Ohio·EIN 34-1663626·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$812k
Total assets
$5M
Total expenses
$509k
Reported officers
3

Executive compensation

Form 990-PF · Part VIII · 2 reported individuals · Filing year 2024

Director
Unclassified
$17k
$18k
Director
Unclassified
$6k
$6k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at FW ALBRECHT FAMILY FOUNDATION equaled 3% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
3%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$448k

Itemized grants

65

Median grant

$5k

RecipientLocationPurposeAmount
OLD TRAIL SCHOOLAKRON, OHEDUCATIONAL SUPPORT$55k
BOY SCOUTS OF AMERICA GREAT TRAIL COUNCILSTOW, OHOTHER CHARITABLE$27k
AKRON COMMUNITY FOUNDATIONAKRON, OHGREEN COMMUNITY FUND$25k
CLEVELAND ORCHESTRACLEVELAND, OHCOMMUNITY SUPPORT$25k
UNIVERSITY OF AKRONAKRON, OHSCHOLARSHIP FOR 5 INDIVIDUALS$25k
BETTER KENMORE COMMUNITY DEVELOPMENT DAYAKRON, OHCOMMUNITY SUPPORT$15k
FIRESTONE AKRON SWIM TEAMAKRON, OHSUMMER OLYMPICS$15k
MAGIC THEATRE COMPANYBARBERTON, OHCULTURE AND HUMANITIES$15k
AKRON CHILDRENS MUSEUMAKRON, OHCOMMUNITY SUPPORT$13k
SUMMIT COUNTY HUMANE SOCIETYAKRON, OHCOMMUNITY SUPPORT$11k
NEOMEDROOTSTOWN, OHGENERAL SUPPORT$10k
AKRON SUMMIT COUNTY PUBLIC LIBRARYAKRON, OHEDUCATIONAL$10k
FIRESTONE HIGH AQUATIC ASSNAKRON, OHEDUCATIONAL$10k
GIRL SCOUTS OF AMERICAMACEDONIA, OHHIGH ADVENTURE GIRL SCOUTING$10k
KENT STATE UNIVERSITYKENT, OHSCHOLARSHIPS FOR 2 INDIVIDUALS$10k
SHAW JEWISH COMMUNITY CENTERAKRON, OHCHARITABLE$10k
STEWARTS CARING PLACEFAIRLAWN, OHCHARITABLE SUPPORT$10k
SUMMIT METROPARKS FOUNDATIONAKRON, OH2024 EVENTS$10k
AKRON ART MUSEUMAKRON, OHCOMMUNITY, CHARITABLE, MUSIC AT THE MUSEUM$8k
CANTON ART MUSEUMCANTON, OHART INSPIRES FUNDRAISER$8k
ART SPARKSCUYAHOGA FALLS, OHSTUDENT SCHOLARSHIP SUPPORT$7k
BALDWIN WALLACE UNIVERSITYBEREA, OHSCHOLARSHIP FOR ONE PERSON$5k
BALLET EXCEL OHCUYAHOGA FALLS, OHCOMMUNITY, CHARITABLE$5k
BULLDOG BAGS INCSTOW, OHEDUCATIONAL$5k
CLEVELAND BALLETCLEVELAND, OHAKRON ART MUSEUM PERFORMANCE$5k
Compare this foundation's grantees

Down 45%
from 2023

From $30k in 2023 to $17k in 2024.

$30k
2023
$17k
2024
In today's dollarsEst.
Down 46% in real terms$33k to $18k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FW ALBRECHT FAMILY FOUNDATION

What are FW ALBRECHT FAMILY FOUNDATION's revenue and expenses?

In 2024, FW ALBRECHT FAMILY FOUNDATION reported $812k in total revenue and $509k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.