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Timken Foundation of Canton

Profile

Last Updated: 2016-02-10

At A Glance

Timken Foundation of Canton

200 Market Ave. N., Ste. 210

Canton, OH United States 44702-1437

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Family foundation

Financial Data

(yr. ended 2014-09-30)

Assets: $377,843,984

Total giving: $15,520,760

EIN

346520254

BRIDGE Number

8194080909

Background

Incorporated in 1934 in OH - Henry Timken, a German immigrant, was responsible for patenting a carriage spring and a tapered roller bearing. He was founder of the Timken Roller Bearing Co., now the Timken Co. His son, H.H. Timken, and his two daughters began the Timken foundation of Canton in 1934.

Purpose and Activities

Giving to promote broad civic betterment by capital fund grants; support largely for colleges, schools, hospitals, cultural centers, social services and recreation, and other charitable institutions.

Fields of Interest

Subjects
  • Abuse prevention
  • Arts and culture
  • Basic and remedial instruction
  • Child development
  • Child educational development
  • Community and economic development
  • Computer science
  • Diseases and conditions
  • Early childhood education
  • Education
  • Elementary education
  • Health
  • Higher education
  • Historic preservation
  • Hospital care
  • Leadership development
  • Libraries
  • Reading promotion
  • Secondary education
  • Sports and recreation
  • Youth organizing
International Interests
  • Brazil
  • Canada
  • China
  • Czech Republic
  • France
  • Germany
  • India
  • Italy
  • Poland
  • Romania
  • South Africa
  • United Kingdom of Great Britain and Northern Ireland
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students
Organizations
  • Associations

Financial Data

Year ended 2014-09-30

Assets: $377,843,984 (market value)

Expenditures: $16,304,744

Total giving: $15,520,760

Qualifying distributions: $16,014,582

Giving activities include:

$15,520,760 for 130 grants (high: $2,000,000; low: $10,000)