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Braude Foundation 1034412 is a private trust based in DETROIT, MI. The foundation received its IRS ruling in 1996. The principal officer is Comerica Bank. It holds total assets of $1.7M. Annual income is reported at $206K. Total assets have grown from $1.3M in 2011 to $1.8M 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 2019 to 2024. According to available records, Braude Foundation 1034412 has made 4 grants totaling $186K, with a median grant of $47K. The foundation has distributed between $86K and $100K annually from 2021 to 2023. Individual grants have ranged from $43K to $50K, with an average award of $47K. The foundation has supported 2 unique organizations. Grants have been distributed to organizations in New York and 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.
Braude Foundation 1034412 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 NY, MI.
Braude Foundation 1034412 has distributed a total of $186K across 4 grants. The median grant size is $47K, with an average of $47K. Individual grants have ranged from $43K to $50K.
Braude Foundation 1034412 typically selects its grantees rather than accepting unsolicited proposals.
Braude Foundation 1034412 is headquartered in DETROIT, MI. While based in MI, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Comerica Bank | CO-TRUSTEE | $28K | $0 | $28K |
Total Giving
$134K
Total Assets
$1.8M
Fair Market Value
$2M
Net Worth
$1.8M
Grants Paid
$105K
Contributions
N/A
Net Investment Income
$53K
Distribution Amount
$96K
Total: $1.7M
Total Grants
4
Total Giving
$186K
Average Grant
$47K
Median Grant
$47K
Unique Recipients
2
Most Common Grant
$43K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| HadassahDAILY OPERATING SUPPORT | New York, NY | $50K | 2023 |
| Jewish Home & Aging ServicesDAILY OPERATING SUPPORT | West Bloomfield, MI | $50K | 2023 |