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Also known as: FOR THE ARTS
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Gretchen C Valade Endownment For The Arts is a private corporation based in GROSSE PT FRM, MI. The foundation received its IRS ruling in 2006. It holds total assets of $3.3M. Annual income is reported at $6.1M. Total assets have decreased from $8.9M in 2011 to $648K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of arts & culture. 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, Gretchen C Valade Endownment For The Arts has made 3 grants totaling $2.5M, with a median grant of $140K. Annual giving has grown from $280K in 2022 to $2.2M in 2023. Individual grants have ranged from $140K to $2.2M, with an average award of $827K. 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.
Gretchen C Valade Endownment For The Arts primarily funds organizations in the area of arts & culture. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in MI.
Gretchen C Valade Endownment For The Arts has distributed a total of $2.5M across 3 grants. The median grant size is $140K, with an average of $827K. Individual grants have ranged from $140K to $2.2M.
Gretchen C Valade Endownment For The Arts typically selects its grantees rather than accepting unsolicited proposals.
Gretchen C Valade Endownment For The Arts is headquartered in GROSSE PT FRM, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Nevra Kreger | TREASURER | $0 | $0 | N/A |
| Kyle Valade | SECRETARY | $0 | $0 | N/A |
| Mark Valade | PRESIDENT | $0 | $0 | N/A |
Total Giving
$2.5M
Total Assets
$648K
Fair Market Value
$648K
Net Worth
N/A
Grants Paid
$2.2M
Contributions
N/A
Net Investment Income
$89K
Distribution Amount
$73K
Total Grants
3
Total Giving
$2.5M
Average Grant
$827K
Median Grant
$140K
Unique Recipients
1
Most Common Grant
$140K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Detroit International Jazz Festival FoundationTO SUPPORT DETROIT INTERNATIONAL JAZZ FESTIVAL | Harper Woods, MI | $2.2M | 2023 |