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Busby Memorial Educational Fund is a private trust based in DETROIT, MI. The foundation received its IRS ruling in 1995. It holds total assets of $1.6M. Annual income is reported at $203K. The foundation is governed by 2 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. According to available records, Busby Memorial Educational Fund has made 10 grants totaling $434K, with a median grant of $42K. The foundation has distributed between $82K and $177K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $177K distributed across 4 grants. Individual grants have ranged from $25K to $63K, with an average award of $43K. The foundation has supported 2 unique organizations. 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.
Busby Memorial Educational Fund primarily funds organizations in the area of education. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in MI.
Busby Memorial Educational Fund has distributed a total of $434K across 10 grants. The median grant size is $42K, with an average of $43K. Individual grants have ranged from $25K to $63K.
Busby Memorial Educational Fund typically selects its grantees rather than accepting unsolicited proposals.
Busby Memorial Educational Fund is headquartered in DETROIT, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Comerica Bank | CO-TRUSTEE | $27K | $0 | $27K |
| John M Chase Jr | CO- TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$1.6M
Fair Market Value
N/A
Net Worth
$1.6M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
10
Total Giving
$434K
Average Grant
$43K
Median Grant
$42K
Unique Recipients
2
Most Common Grant
$27K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hillsdale CollegeSUPPORT OF DAILY OPERATIONS | Hillsdale, MI | $63K | 2023 |
| Interlochen Center For The ArtsSUPPORT OF DAILY OPERATIONS | Interlochen, MI | $27K | 2023 |