//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Albert F Kessel Foundation is a private corporation based in GRAND RAPIDS, MI. The foundation received its IRS ruling in 2002. The principal officer is Jeffrey B Power. It holds total assets of $4.7M. Annual income is reported at $4.2M. Total assets have grown from $27K in 2011 to $510K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Albert F Kessel Foundation has made 4 grants totaling $141K, with a median grant of $36K. Annual giving has grown from $31K in 2020 to $78K in 2022. Individual grants have ranged from $31K to $39K, with an average award of $35K. Grant recipients are concentrated in Michigan. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Albert F Kessel Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in MI.
Albert F Kessel Foundation has distributed a total of $141K across 4 grants. The median grant size is $36K, with an average of $35K. Individual grants have ranged from $31K to $39K.
Albert F Kessel Foundation typically selects its grantees rather than accepting unsolicited proposals.
Albert F Kessel Foundation is headquartered in GRAND RAPIDS, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jeffrey B Power | SECRETARY/TREASURER, DIREC | $3K | $0 | $3K |
| Richard Valade | VICE PRESIDENT, DIRECTOR | $1K | $0 | $1K |
| James A Kessel | PRESIDENT, DIRECTOR | $0 | $0 | N/A |
Total Giving
$43K
Total Assets
$510K
Fair Market Value
$783K
Net Worth
$510K
Grants Paid
$37K
Contributions
N/A
Net Investment Income
$20K
Distribution Amount
$36K
Total Grants
4
Total Giving
$141K
Average Grant
$35K
Median Grant
$36K
Unique Recipients
1
Most Common Grant
$39K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St Paul Catholic SchoolEDUCATIONAL | Owosso, MI | $39K | 2022 |