MADISON HEIGHTS, MI

Chisbetts Foundation

Quick Facts

EIN: 611437291
Location: MADISON HEIGHTS, MI
Phone: (734) 994-5000
Category: Philanthropy & Grantmaking
Total Assets: $529K
Annual Income: $20K
IRS Ruling Year: 2004
Organization Type: Non-Operating Foundation
Principal Officer: % Donald Chisholm
Tax Deductibility: Contributions are deductible

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About This Foundation

Chisbetts Foundation is a private corporation based in MADISON HEIGHTS, MI. The foundation received its IRS ruling in 2004. The principal officer is % Donald Chisholm. It holds total assets of $529K. Annual income is reported at $20K. FINANCIAL DONATIONS. According to available records, Chisbetts Foundation has made 9 grants totaling $25K, with a median grant of $5K. Annual giving has decreased from $15K in 2022 to $10K in 2023. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Michigan. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Programs & Activities

FINANCIAL DONATIONS

Expenses: $10K

Frequently Asked Questions

What does Chisbetts Foundation fund?

FINANCIAL DONATIONS. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in MI.

How much does Chisbetts Foundation give in grants?

Chisbetts Foundation has distributed a total of $25K across 9 grants. The median grant size is $5K, with an average of $5K. Individual grants have ranged from $5K to $5K.

How do I apply for a grant from Chisbetts Foundation?

Chisbetts Foundation typically selects its grantees rather than accepting unsolicited proposals.

Where is Chisbetts Foundation located?

Chisbetts Foundation is headquartered in MADISON HEIGHTS, MI.

Key People & Compensation (2024)

Name	Title	Compensation	Benefits	Total
Donald Betty Chisholm	DIRECTORS	$0	$0	$0
Joseph P Galasso Jr	DIRECTOR	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2024	990PF	View
2023	990PF	View
2022	990PF	View
2021	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$4K

2023-58%

Total Assets

$516K

2023+6%

Fair Market Value

$547K

2023

Net Worth

$516K

2023

Grants Paid

2023

Contributions

2023

Net Investment Income

$35K

2023

Distribution Amount

$26K

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Investment Portfolio (2023)

Total: $317K

Corporate Stock (31%)

Government Obligations (69%)

Financial Details (2023)

Total Revenue: $24K
Total Expenses: $4K
Exempt Purpose Expenses: $0
Required Distribution: $26K
Undistributed Income: $0
Total Liabilities: $1
Excise Tax: $489

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$25K

Average Grant

$5K

Median Grant

$5K

Unique Recipients

Most Common Grant

$5K

Grant Disbursements by Year

Grant Range

Min$5K

Max$5K

Smallest grantLargest grant

Openness to New Grantees (2023)

of 2023 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

MI$25K (9)

Past Grantees

Recipient	Location	Amount	Year
Ferris State UniversityUNRESTRICTED	Big Rapids, MI	$5K	2023
Western Michigan UniversityUNRESTRICTED	Kalamazoo, MI	—	2023
University Of MichiganUNRESTRICTED	Ann Arbor, MI	—	2023