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Bornman Educational Trust is a private trust based in DETROIT, MI. The foundation received its IRS ruling in 1996. The principal officer is Comerica Bank Ttee. It holds total assets of $96K. Annual income is reported at $7K. Total assets have decreased from $216K in 2011 to $99K in 2023. The foundation is governed by 1 officer or trustee. 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. The foundation primarily funds organizations in Virginia and Michigan. According to available records, Bornman Educational Trust has made 15 grants totaling $59K, with a median grant of $2K. Annual giving has decreased from $19K in 2020 to $6K in 2023. Grantmaking activity was highest in 2021 with $19K distributed across 3 grants. Individual grants have ranged from $2K to $6K, with an average award of $4K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Virginia and Michigan. Contributions to this foundation are tax-deductible.
Smallest Grant
$6K
Median Grant
$6K
Average Grant
$6K
Largest Grant
$6K
Based on 3 grants from the most recent 990-PF filing.
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.
Bornman Educational Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in VA, MI.
Bornman Educational Trust has distributed a total of $59K across 15 grants. The median grant size is $2K, with an average of $4K. Individual grants have ranged from $2K to $6K.
Bornman Educational Trust typically selects its grantees rather than accepting unsolicited proposals.
Bornman Educational Trust is headquartered in DETROIT, MI. While based in MI, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Comerica | TRUSTEE | $5K | $0 | $5K |
Total Giving
$10K
Total Assets
$99K
Fair Market Value
$125K
Net Worth
$99K
Grants Paid
$6K
Contributions
N/A
Net Investment Income
$377
Distribution Amount
$6K
Total Grants
15
Total Giving
$59K
Average Grant
$4K
Median Grant
$2K
Unique Recipients
3
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Liberty UniversityEDUCATIONAL | Lynchburg, VA | $2K | 2023 |
| Regent UniversityEDUCATIONAL | Virginia Beach, VA | $2K | 2023 |
| Hillsdale CollegeEDUCATIONAL | Hillsdale, MI | $2K | 2023 |