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Millstone Fund at a glance

· Private foundation

Millstone Fund

Its FY2025 filing reports that it accepted unsolicited grant applications.

$7.0M
Granted FY2025still arriving
95
Grants FY2025still arriving
2
States reached
$500k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
0199% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2021 to 2025.

Human Services$5.7MHealth$3.1MArts & Culture$1.8MHousing & Shelter$1.2MEducation$785kPhilanthropy$683kFood & Nutrition$674kCrime & Legal$650kOther$0
02FY2025 · 95 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • $10k–50k55 grants · $1.4M
  • $50k–250k30 grants · $2.7M
  • $250k+10 grants · $3.0M
$35,000
Median grant
2
States reached
$235M
Total assets
Largest grants
RecipientAmount
CITYLINK CENTER$500,000
CHILDREN'S HOME OF CINCINNATI OHIO INC$300,000
FAMILY NURTURING CENTER OF KENTUCKY$300,000
BEECH ACRES PARENTING CENTER$300,000
STRATEGIES TO END HOMELESSNESS$300,000
THE HEALTH COLLABORATIVE$283,000
ADDICTION SERVICES COUNCIL$250,000
VALLEY INTERFAITH COMMUNITY RESOURCE CENTER$250,000
ROBERT ONEAL MULTICULTURAL ART CENTER (ROMAC)$250,000
GREAT PARKS FOREVER$250,000
WOMEN HELPING WOMEN OF HAMILTON COUNTY$200,000
1N5$200,000
INTERACT FOR CHANGE$200,000
SOCIETY OF ST VINCENT DE PAUL COUNCIL OF NORTHERN KENTUCKY$150,000
EPISCOPAL RETIREMENT SERVICES$150,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY21–25, $5.1M) land where the poverty rate runs at 15%, against an area that typically sits at 9%. 98% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 9%CHILDREN'S HOME OF NORTHERN KENTUCKYCHNK BEHAVIORAL HEALTH: $75k → 11%STEPPING STONES INC: $100k → 9%FOCUS ON YOUTH INC: $75k → 12%FOCUS ON YOUTH INC: $60k → 12%THE ION CENTER FOR VIOLENCE PREVENTION: $50k → 11%FOCUS ON YOUTH INC: $30k → 12%SAMARITAN CAR CARE CLINIC INC: $25k → 11%STEPPING STONES INC: $23k → 9%TALBERT HOUSE: $500k → 16%STRATEGIES TO END HOMELESSNESS: $300k → 16%STRATEGIES TO END HOMELESSNESS: $300k → 16%SAMARITAN CAR CLINIC INC: $10k → 11%SOCIETY OF ST VINCENT DE PAUL COUNCIL OF NORTHERN KENTUCKY: $150k → 11%LIGHTHOUSE YOUTH SERVICES INC: $50k → 16%THE FIRST STEP HOME INC: $25k → 16%CHILDREN'S HOME OF CINCINNATI OHIO INC: $300k → 16%CHILDREN'S HOME OF CINCINNATI OHIO INC: $100k → 16%CHILDREN'S HOME OF CINCINNATI OHIO INC: $100k → 16%THE CHILDRENS HOME: $20k → 16%CINCINNATI SQUASH ACADEMY: $15k → 16%CLOVERNOOK CENTER FOR THE BLIND AND VISUALLY IMPAIRED: $30k → 16%REFUGEECONNECT: $25k → 16%LIVING ARRANGEMENTS FOR THE DEVELOPMENTALLY DISABLED INC: $200k → 16%EVERY CHILD SUCCEEDS INC: $100k → 16%LIVING ARRANGEMENTS FOR THE DEVELOPMENTALLY DISABLED INC: $100k → 16%LIVING ARRANGEMENTS FOR THE DEVELOPMENTALLY DISABLED INC: $50k → 16%SEVEN HILLS NEIGHBORHOOD HOUSES: $25k → 16%CHANGINGGEARS: $20k → 16%EVERY CHILD SUCCEEDS: $20k → 16%SANTA MARIA COMMUNITY SERVICES: $400k → 16%SANTA MARIA COMMUNITY SERVICES: $200k → 16%COMMUNITY MATTERS CINCINNATI INC: $40k → 16%BEECH ACRES PARENTING CENTER: $50k → 16%VALLEY INTERFAITH COMMUNITY RESOURCE CENTER: $250k → 16%CATHOLIC CHARITIES SOUTHWESTERN OHIO: $100k → 16%CATHOLIC CHARITIES SOUTHWESTERN OHIO: $50k → 16%PRO SENIORS: $50k → 16%FOREVER KINGS INC: $30k → 16%NEW LIFE FURNITURE BANK: $25k → 16%NEW LIFE FURNITURE BANK: $20k → 16%NORTH FAIRMOUNT COMMUNITY CENTER: $20k → 16%BEECH ACRES PARENTING CENTER: $300k → 16%BEECH ACRES PARENTING CENTER: $300k → 16%BEECH ACRES PARENTING CENTER: $100k → 16%BEECH ACRES PARENTING CENTER: $100k → 16%CINCINNATI ASSOCIATION FOR THE BLIND & VISUALLY IMPAIRED (CABVI): $50k → 16%JEWISH FAMILY SERVICE OF THE CINCINNATI AREA: $45k → 16%MADISONVILLE EDUCATION AND ASSISTANCE CENTER: $25k → 16%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

51%of every dollar goes to organizations it has funded before.
$8.0M · 45 repeat orgs$7.7M to everyone else

Grantees it renews have grown median revenue +14% since the first grant, against 0% for those funded once.

45 repeat relationships: 31 still active in FY2025, 14 since wound down; 60 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

45
72

Total granted

$8.0M
$3.9M

Median revenue growth · since first grant

+14%
0%

Still filing today

91%
85%

New vs renewed · share of each year

In FY2025, 43% of grant dollars renewed an existing relationship; $3.9M went to new ones.

50%100%’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’21’22’23’24’25
Human ServicesArts & CultureHealthEducationHousing & ShelterYouth DevelopmentOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • BA
    BEECH ACRES
    3× · 2023–2025 · $850k · revenue +27%
  • TC
    The Children's Home of Cincinnati Ohio
    3× · 2022–2025 · $520k · revenue +14%
  • WH
    WOMEN HELPING WOMEN
    3× · 2023–2025 · $450k · revenue +69%

Funded once

  • TH
    TALBERT HOUSE
    one grant, 2024 · $500k · revenue +6%
  • AO
    ART OPPORTUNITIES INC
    one grant, 2024 · $500k · revenue 0%
  • TC
    THE CROSSROADS CENTER
    one grant, 2024 · $300k · revenue +2%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Central Ohio Workers Center Inc

The Central Ohio Worker Center is a non-profit organization that educates, empowers, and advocates for and with low-wage and immigrant workers in Central Ohio.

Civil Rights
2
Cincinnati Arts and Technology Center

Unlocking the self-worth and potential of at-risk teens through the transformative power of art, a first-class environment and a character-building culture. Equipping at-risk teens with skills, credentials and pathways to employment.…

—
3
Cincinnati Works

Cincinnati works brings hope and encouragement to people living in poverty while assisting them in advancing to self-sufficiency through employment. we provide free training and coaching services.

Human Services
4
Cincinnati's Optimum Residential Environments Inc

Residential & Habilitative Svs. Provide residential and habilitative services to adults with developmental disabilities

Health
5
World Affairs Council - Cincinnati & Northern Kentucky

The World Affairs Council, a 501(c)3 nonprofit, is the bridge that connects the world to one of America's most vibrant regions. Through Global education, International exchange, and cultural awareness initiatives, the council strengthens…

—
6
Clermont Counseling Center

To ensure people with mental illness, addiction, and related challenges lead healthy and productive lives.

Health
7
Cincinnati Center for Autism

We support individuals with autism and their families through programming in the areas of academics, adaptive behavior, communication, and social participation.

Education
8
The Home Ownership Center of Greater Cincinnati in

The home ownership center is a non-profit that has been serving the cincinnati metro area since 1973, and is a member of the neighbor works network.

Housing & Shelter
9
Cincinnati Usa Regional Chamber

To grow the vibrancy and economic prosperity of the cincinnati region.

—
10
Cincinnati Public Radio Inc

Cincinnati Public Radio is the trusted, independent source of journalism, music and culture empowering a vibrant, engaged and informed community.

Arts & Culture
11
Cincinnati Union Bethel

Empowering women to break the cycles of poverty, addiction, and human trafficking.

Human Services
12
Cleveland Mediation Center

Our mission is to promote a just and peaceful community by honoring all people, building their capacity to act, and facilitating opportunities for them to engage in conflict constructively. We continue to fulfill our mission by…

Crime & Legal
How this is measured
The grantee most central to the portfolio’s shape is Citylink Center; the most unlike its peers is The Mary Magdalen Foundation Inc. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

152 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 152 of the 179 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
19
Early backer (in before they grew)
152/152
Grantees still filing
75/152
Grew since first funded

Where the money sits, by cause and then by grantee

BEECH ACRES: $850,000 · Human ServicesBEECH ACRESSANTA MARIA COMMUNITY SERVICES INC: $610,000 · Human ServicesSANTA MARIA COMMUNITY SERVICES INCStrategies to End Homelessness Inc: $600,000 · Human ServicesStrategies to End Homelessness IncThe Children's Home of Cincinnati Ohio: $520,000 · Human ServicesThe Children's Home of Cincinnati …TALBERT HOUSE: $500,000 · Human ServicesTALBERT HOUSELiving Arrangements for the Developmentally Disabled Inc: $350,000 · Human ServicesLiving Arrangements for the Develo…VALLEY INTERFAITH COMMUNITY RESOURCE CENTER: $250,000 · Human Services+24 more: $1,373,085 · Human Services+24 moreWOMEN HELPING WOMEN: $450,000 · OtherWOMEN HELPING WOMENFamily Nurturing Center of Kentucky: $300,000 · OtherFamily Nurturing Center of KentuckyInter Parish Ministry Inc: $250,000 · OtherGlad House Inc: $250,000 · OtherROBERT ONEAL MULTICULTURAL ART CENTER (ROMAC): $250,000 · Other1N5: $250,000 · OtherProKids: $400,000 · OtherProKidsTHE UNIVERSITY OF CINCINNATI FOUNDATION: $197,500 · OtherGREAT PARKS FOREVER: $250,000 · Other+68 more: $2,890,700 · Other+68 moreINTERACT FOR CHANGE: $513,000 · HealthINTERACT FOR C…THE CROSSROADS CENTER: $300,000 · HealthTHE CROSSROADS…THE HEALTH COLLABORATIVE: $283,000 · HealthTHE HEALTH COL…ADDICTION SERVICES COUNCIL: $250,000 · HealthADDICTION SERV…CHILDREN'S HOSPITAL MEDICAL CENTER: $130,000 · HealthCHILDREN'S HOS…Redwood School & Rehabilitation Inc: $115,041 · HealthRedwood School…MENTAL HEALTH AMERICA OF NKY & SW OH: $85,000 · Health+11 more: $390,000 · Health+11 moreART OPPORTUNITIES INC: $500,000 · Arts & CultureART OPPORT…The Children's Theatre of Cincinnati: $200,000 · Arts & CultureThe Childr…Clifton Cultural Arts Center: $139,000 · Arts & CultureClifton Cu…CINCINNATI MUSEUM ASSOCIATION: $108,668 · Arts & CultureCINCINNATI…The Cincinnati Ballet Company Inc: $65,000 · Arts & CultureISPACE INC: $55,000 · Arts & Culture+21 more: $472,500 · Arts & Culture+21 moreSPRINGER SCHOOL AND CENTER: $300,000 · EducationMindPeace Cincinnati: $250,000 · EducationActivities Beyond the Classroom: $75,000 · EducationOHIO VALLEY VOICES: $55,000 · EducationTHE LITERACY LAB: $30,000 · Education+5 more: $100,000 · EducationCITYLINK CENTER: $500,000 · Community ImprovementCorporation for Findlay Market: $100,000 · Community ImprovementBreakthrough Cincinnati Inc: $50,000 · Community ImprovementCINCINNATI USA REGIONAL CHAMBER FOUNDATION: $25,000 · Community Improvement+3 more: $58,500 · Community ImprovementEPISCOPAL RETIREMENT SERVICES: $270,000 · Housing & ShelterBethany House Services Inc: $122,000 · Housing & ShelterEmergency Shelter of Northern KY Inc: $100,000 · Housing & ShelterPEOPLE WORKING COOPERATIVELY INC: $50,000 · Housing & ShelterON OUR WAY HOME INC: $35,000 · Housing & ShelterPRICE HILL WILL: $35,000 · Housing & ShelterShelterhouse Volunteer Group Inc: $25,000 · Housing & ShelterOVER THE RHINE COMMUNITY HOUSING: $25,000 · Housing & Shelter+1 more: $15,000 · Housing & Shelter
Human Services$5,053,085Other$5,488,200Health$2,066,041Arts & Culture$1,540,168Education$810,000Community Improvement$733,500Housing & Shelter$677,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetBEECH ACRES: $850,000 over 3y, 2.8% of budgetSANTA MARIA COMMUNITY SERVICES INC: $610,000 over 3y, 8.0% of budgetStrategies to End Homelessness Inc: $600,000 over 2y, 0.8% of budgetThe Children's Home of Cincinnati Ohio: $520,000 over 3y, 0.9% of budgetINTERACT FOR CHANGE: $513,000 over 3y, 24% of budgetTALBERT HOUSE: $500,000 over 1y, 0.6% of budgetART OPPORTUNITIES INC: $500,000 over 1y, 8.9% of budgetWOMEN HELPING WOMEN: $450,000 over 3y, 2.4% of budgetProKids: $400,000 over 2y, 1.6% of budgetLiving Arrangements for the Developmentally Disabled Inc: $350,000 over 3y, 1.7% of budgetFamily Nurturing Center of Kentucky: $300,000 over 1y, 4.6% of budgetSPRINGER SCHOOL AND CENTER: $300,000 over 2y, 1.7% of budgetTHE CROSSROADS CENTER: $300,000 over 1y, 4.3% of budgetEPISCOPAL RETIREMENT SERVICES: $270,000 over 2y, 1.5% of budgetInter Parish Ministry Inc: $250,000 over 2y, 3.0% of budgetGlad House Inc: $250,000 over 3y, 10% of budgetMindPeace Cincinnati: $250,000 over 3y, 21% of budgetGREAT PARKS FOREVER: $250,000 over 1y, 7.0% of budgetVALLEY INTERFAITH COMMUNITY RESOURCE CENTER: $250,000 over 1y, 16% of budgetThe Children's Theatre of Cincinnati: $200,000 over 1y, 0.8% of budgetTHE UNIVERSITY OF CINCINNATI FOUNDATION: $197,500 over 3y, 0.1% of budgetFOCUS ON YOUTH INC: $165,000 over 3y, 1.6% of budgetNORTHERN KENTUCKY CHILDRENS LAW CENTER INC: $150,000 over 2y, 6.6% of budgetCatholic Charities Southwestern Ohio: $150,000 over 2y, 0.7% of budgetSOCIETY OF ST VINCENT DE PAUL COUNCIL OF NORTHERN KENTUCKY: $150,000 over 1y, 1.0% of budgetTHE GREATER CINCINNATI FOUNDATION: $150,000 over 2y, 0.1% of budgetLAST MILE FOOD RESCUE: $140,000 over 2y, 0.5% of budgetClifton Cultural Arts Center: $139,000 over 3y, 7.6% of budgetCHILDREN'S HOSPITAL MEDICAL CENTER: $130,000 over 2y, 0.0% of budgetSTEPPING STONES INC: $123,085 over 1y, 2.1% of budgetBethany House Services Inc: $122,000 over 3y, 0.5% of budgetEvery Child Succeeds: $120,000 over 2y, 1.0% of budgetRedwood School & Rehabilitation Inc: $115,041 over 3y, 0.4% of budgetCINCINNATI MUSEUM ASSOCIATION: $108,668 over 3y, 0.2% of budgetEmergency Shelter of Northern KY Inc: $100,000 over 1y, 5.4% of budgetLegal Aid Society of Cincinnati: $100,000 over 1y, 0.7% of budgetCorporation for Findlay Market: $100,000 over 1y, 2.1% of budgetMENTAL HEALTH AMERICA OF NKY & SW OH: $85,000 over 1y, 1.8% of budgetHEARING SPEECH AND DEAF CENTER OF GREA: $80,000 over 2y, 1.6% of budgetUPSPRING: $80,000 over 2y, 6.0% of budgetChildren's Home of Northern Kentucky Inc: $75,000 over 1y, 0.6% of budgetActivities Beyond the Classroom: $75,000 over 2y, 0.8% of budgetThe Cincinnati Ballet Company Inc: $65,000 over 3y, 0.2% of budgetLA SOUPE INC: $60,000 over 2y, 0.6% of budgetISPACE INC: $55,000 over 2y, 3.9% of budgetOHIO VALLEY VOICES: $55,000 over 2y, 0.8% of budgetIon Center for Violence Prevention Inc: $50,000 over 1y, 0.8% of budgetAxis Teen Centers: $50,000 over 1y, 9.7% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Carol Ann and Ralph V…John a Schroth Family…Charles H Dater Found…The Greater Cincinnat…Andrew Jergens Founda…The Thomas J Emery Me…Elsa M Heisel Sule Ch…United Way of Greater…Sutphin Family Founda…Pfau Charitable Found…Jack J Smith Jr Chari…Louise Taft Semple Fo…
Carol Ann and Ralph V Haile Jr FoundationOH170.9× affinity86 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Carol Ann and Ralph V Haile Jr Foundation · John a Schroth Family Char Tr · Charles H Dater Foundation Inc · The Greater Cincinnati Foundation · Andrew Jergens Foundation · The Thomas J Emery Memorial · Elsa M Heisel Sule Charitable Trust 2005 · United Way of Greater Cincinnati · Sutphin Family Foundation Ica · Pfau Charitable Foundation · Jack J Smith Jr Charitable Trust · Louise Taft Semple Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Millstone Fund funds: left to right is the share of its income from government, bottom to top the share from Millstone Fund. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%2%6%14%25%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →
    no gov moneyreceives it· size = income
    0get no government money at all
    68report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    typical government reliance, FY20–25
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

    On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 179 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

    How this is measured
    Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

    Generated from the IRS Form 990-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on Millstone’s filings →

    More from the funding graph

    The unnamed billions
    grants reported with no recipient in the public record
    The regranting layer
    51% of grant dollars land in the regranting layer
    The DAF merry-go-round
    $9.7B circulates between donor-advised funds
    The endowment market
    who holds foundation money, and what just moved
    The camps
    funders cluster by geography, not ideology
    By state
    where grant money is based, and what stays home