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Frank Reqold & Son Foundation is a private corporation based in ROCHESTER, MI. The foundation received its IRS ruling in 2006. The principal officer is Kenneth J Sorensen. It holds total assets of $332K. Annual income is reported at $12K. Total assets have grown from $2K in 2011 to $333K in 2023. The foundation is governed by 4 officers and trustees. 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. According to available records, Frank Reqold & Son Foundation has made 10 grants totaling $138K, with a median grant of $5K. Annual giving has decreased from $115K in 2022 to $23K in 2023. Individual grants have ranged from $500 to $50K, with an average award of $14K. The foundation has supported 6 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.
Frank Reqold & Son Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in MI.
Frank Reqold & Son Foundation has distributed a total of $138K across 10 grants. The median grant size is $5K, with an average of $14K. Individual grants have ranged from $500 to $50K.
Frank Reqold & Son Foundation typically selects its grantees rather than accepting unsolicited proposals.
Frank Reqold & Son Foundation is headquartered in ROCHESTER, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Frank H Rewold | DIRECTOR/PRESIDENT | $0 | $0 | N/A |
| Beverly Rewold | DIRECTOR/VICE PRESIDENT | $0 | $0 | N/A |
| Sean Rewold | DIRECTOR/SECRETARY | $0 | $0 | N/A |
| Craig Wolanin | DIRECTOR/TREASURER | $0 | $0 | N/A |
Total Giving
$24K
Total Assets
$333K
Fair Market Value
$333K
Net Worth
$333K
Grants Paid
$23K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
$17K
Total Grants
10
Total Giving
$138K
Average Grant
$14K
Median Grant
$5K
Unique Recipients
6
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Oakland UniversityGENERAL SUPPORT | Auburn Hills, MI | $12K | 2023 |
| Yellow Ribbon Fund IncGENERAL SUPPORT | Rochester, MI | $6K | 2023 |
| Rochester UniversityGENERAL SUPPORT | Rochester Hills, MI | $5K | 2023 |
| Michigan Crossroads Council BsaGENERAL SUPPORT | Detroit, MI | $500 | 2023 |
| Older Person CommissionGENERAL SUPPORT | Rochester, MI | $5K | 2022 |
| Gatehouse SocietyGENERAL SUPPORT | Sterling Heights, MI | $3K | 2022 |