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Alro Steel Foundation is a private corporation based in JACKSON, MI. The foundation received its IRS ruling in 2005. The principal officer is % Carlton L Glick. It holds total assets of $80.8M. Annual income is reported at $34.4M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Alro Steel Foundation has made 4 grants totaling $8M, with a median grant of $2M. Annual giving has grown from $2M in 2020 to $4M in 2022. Grant recipients are concentrated in Michigan. Contributions to this foundation are tax-deductible.
Alro Steel 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.
Alro Steel Foundation has distributed a total of $8M across 4 grants. The median grant size is $2M, with an average of $2M. Individual grants have ranged from $2M to $2M.
Alro Steel Foundation typically selects its grantees rather than accepting unsolicited proposals.
Alro Steel Foundation is headquartered in JACKSON, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Randal L Glick | PRESIDENT/TREASURER | $0 | $0 | $0 |
| Brian T Glick | SECRETARY | $0 | $0 | $0 |
| Carlton L Glick | VICE PRESIDENT | $0 | $0 | $0 |
Total Giving
$3.1M
Total Assets
$77.9M
Fair Market Value
$93.6M
Net Worth
$77.9M
Grants Paid
$2.5M
Contributions
$0
Net Investment Income
$2.4M
Distribution Amount
$4.3M
Total: $54.3M
Total Grants
4
Total Giving
$8M
Average Grant
$2M
Median Grant
$2M
Unique Recipients
1
Most Common Grant
$2M
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of MichiganATHLETIC DEPARTMENTATHLETIC DEPARTMENT | Ann Arbor, MI | $2M | 2022 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
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