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Also known as: BANK TRUSTEE (NO 1045002690)
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Generation Iv Charitable Trust is a private corporation based in DETROIT, MI. The foundation received its IRS ruling in 2001. The principal officer is Comerica Bank. It holds total assets of $1.3M. Annual income is reported at $286K. 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 2020 to 2023. The foundation primarily funds organizations in Michigan, Illinois and Colorado. According to available records, Generation Iv Charitable Trust has made 49 grants totaling $224K, with a median grant of $5K. The foundation has distributed between $71K and $81K annually from 2020 to 2022. Individual grants have ranged from $2K to $10K, with an average award of $5K. The foundation has supported 31 unique organizations. The foundation primarily supports organizations in Michigan, Illinois, Colorado, which account for 84% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$5K
Average Grant
$4K
Largest Grant
$5K
Based on 18 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.
Generation Iv Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 49 grants. Its grantmaking reaches organizations primarily in MI, IL, CO.
Generation Iv Charitable Trust has distributed a total of $224K across 49 grants. The median grant size is $5K, with an average of $5K. Individual grants have ranged from $2K to $10K.
Generation Iv Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Generation Iv Charitable Trust is headquartered in DETROIT, MI. While based in MI, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Comerica | TRUSTEE | $25K | $0 | $25K |
| Danforth E Holley Iii | TRUSTEE | $0 | $0 | N/A |
| Duane L Tarnacki | TRUSTEE | $0 | $0 | N/A |
| Drake Holley | TRUSTEE | $0 | $0 | N/A |
Total Giving
$101K
Total Assets
$1.3M
Fair Market Value
$1.6M
Net Worth
$1.3M
Grants Paid
$72K
Contributions
N/A
Net Investment Income
$29K
Distribution Amount
$75K
Total: $1.3M
Total Grants
49
Total Giving
$224K
Average Grant
$5K
Median Grant
$5K
Unique Recipients
31
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Equity In ChicagoSUPPORT OF DAILY OPERATIONS | Chicago, IL | $10K | 2022 |
| Pope Francis CenterGENERAL CHARITABLE PURPOSES | Detroit, MI | $10K | 2022 |
| High FivesSUPPORT OF DAILY OPERATIONS | Trukee, CA | $7K | 2022 |
| Zaman InternationalGENERAL CHARITABLE PURPOSES | Inkster, MI | $5K | 2022 |
| Inspiration CorporationGENERAL OPERATING SUPPORT | Chicago, IL | $5K | 2022 |
| St Jude Childrens ResearchGENERAL CHARITABLE PURPOSES | Memphis, TN | $5K | 2022 |
| Colorado Trail FoundationGENERAL CHARITABLE PURPOSES | Golden, CO | $5K | 2022 |
| The Maxfund IncGENERAL CHARITABLE PURPOSES | Denver, CO | $5K | 2022 |
| Children'S Hospital Of MiSUPPORT OF DAILY OPERATIONS | Detroit, MI | $5K | 2022 |
| Cascade Aids ProjectGENERAL CHARITABLE PURPOSES | Portland, OR | $5K | 2022 |
| Children First FundGENERAL CHARITABLE PURPOSES | Chicago, IL | $4K | 2022 |
| Greater Chicago FoodGENERAL CHARITABLE PURPOSES | Chicago, IL | $4K | 2022 |
| The Night MinistryGENERAL CHARITABLE PURPOSES | Chicago, IL | $4K | 2022 |
| Perfect PairSUPPORT OF DAILY OPERATIONS | Farmington Hills, MI | $4K | 2022 |
| Fleece And Thank YouSUPPORT OF DAILY OPERATIONS | Farmington Hills, MI | $4K | 2022 |
| Ymca Of Metro DetroitGENERAL CHARITABLE PURPOSES | Detroit, MI | $5K | 2021 |
| Return To DirtGENERAL CHARITABLE PURPOSES | Glenwood Springs, CO | $5K | 2021 |
| Young Life Grand TraverseGENERAL CHARITABLE PURPOSES | Traverse City, MI | $5K | 2021 |
| College For Creative StudiesGENERAL CHARITABLE PURPOSES | Detroit, MI | $5K | 2021 |
| Rehabiliation Institute OfGENERAL CHARITABLE PURPOSES | Detroit, MI | $4K | 2021 |
| Portage Health FoundationGENERAL CHARITABLE PURPOSES | Hancock, MI | $3K | 2021 |
| St Jude Childrens Research HospitalGENERAL CHARITABLE PURPOSES | Memphis, TN | $5K | 2020 |
| MisercordiaGENERAL CHARITABLE PURPOSES | Chicago, IL | $5K | 2020 |
| Province Of St Joseph Of The Capuchin OrderGENERAL CHARITABLE PURPOSES | Detroit, MI | $5K | 2020 |
| St Johns Deaf CenterGENERAL CHARTIABLE PURPOSES | Eastpointe, MI | $5K | 2020 |
| San Francisco Aids FundationGENERAL CHARITABLE PURPOSES | San Francisco, CA | $4K | 2020 |
| Capuchin Soup KitchenGENERAL CHARITABLE PURPOSES | Detroit, MI | $3K | 2020 |
| Forgotten HarvestGENERAL CHARITABLE PURPOSES | Oak Park, MI | $3K | 2020 |
| Henry Ford Health SystemGENERAL OPERATING SUPPORT | Clinton Township, MI | $3K | 2020 |
| Gleaners Community Food BankGENERAL OPERATING SUPPORT | Detroit, MI | $3K | 2020 |
| University Of MichiganGENERAL CHARITABLE PURPOSES | Ann Arbor, MI | $3K | 2020 |