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Karen & Drew Peslar Foundation is a private corporation based in BIRMINGHAM, MI. The foundation received its IRS ruling in 1998. The principal officer is Drew Peslar. It holds total assets of $5.3M. Annual income is reported at $3.8M. 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. Grantmaking is concentrated in Michigan. According to available records, Karen & Drew Peslar Foundation has made 107 grants totaling $2.2M, with a median grant of $10K. The foundation has distributed between $425K and $847K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $847K distributed across 42 grants. Individual grants have ranged from $3K to $199K, with an average award of $20K. The foundation has supported 27 unique organizations. Grant recipients are concentrated in Michigan. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$9K
Average Grant
$19K
Largest Grant
$181K
Based on 22 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.
Karen & Drew Peslar Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 107 grants. Its grantmaking reaches organizations primarily in MI.
Karen & Drew Peslar Foundation has distributed a total of $2.2M across 107 grants. The median grant size is $10K, with an average of $20K. Individual grants have ranged from $3K to $199K.
Karen & Drew Peslar Foundation typically selects its grantees rather than accepting unsolicited proposals.
Karen & Drew Peslar Foundation is headquartered in BIRMINGHAM, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Virginia Webster-Smith | PRESIDENT/EXECUTIVE DIRECT | $57K | $5K | $62K |
| Samantha Durakovic | DIRECTOR/SECRETARY | $18K | $0 | $18K |
| Drew Peslar | CHAIRMAN | $0 | $0 | N/A |
| Karen Peslar | DIRECTOR/TREASURER | $0 | $0 | N/A |
Total Giving
$670K
Total Assets
$5.3M
Fair Market Value
$7.7M
Net Worth
$5.1M
Grants Paid
$454K
Contributions
$239K
Net Investment Income
$207K
Distribution Amount
$355K
Total: $5.2M
Total Grants
107
Total Giving
$2.2M
Average Grant
$20K
Median Grant
$10K
Unique Recipients
27
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Loyola High SchoolFOR EDUCATIONAL PROGRAMMING | Detroit, MI | $151K | 2023 |
| Detroit Historical SocietyFOR EDUCATIONAL PROGRAMMING | Detroit, MI | $50K | 2023 |
| Detroit Zoological SocietyFOR PROGRAMMING | Royal Oak, MI | $35K | 2023 |
| Pope Francis CenterFOR HUMAN SERVICES AND COMMUNITY ASSISTANCE | Detroit, MI | $35K | 2023 |
| Forgotten HarvestFOR ASSISTANCE TO NEEDY FAMILIES | Oak Park, MI | $25K | 2023 |
| Cranbrook Institute Of ScienceFOR EDUCATIONAL PROGRAMMING | Bloomfield Hills, MI | $20K | 2023 |
| Detroit Institute Of ArtsFOR PROGRAMMING | Detroit, MI | $20K | 2023 |
| The Nature Conservancy - Michigan ChapterFOR PROGRAMMING | Lansing, MI | $15K | 2023 |
| Michigan Humane SocietyFOR ANIMAL SHELTER PROGRAMS AND SUPPORT | Rochester Hills, MI | $15K | 2023 |
| Angel'S PlaceFOR ASSISTANCE TO DEVELOPMENTALLY CHALLENGED ADULT PROGRAMS | Southfield, MI | $10K | 2023 |
| Michigan Opera TheatreFOR PROGRAMMING | Detroit, MI | $10K | 2023 |
| Gleaners Community Food BankFOR ASSISTANCE TO NEEDY FAMILIES | Detroit, MI | $10K | 2023 |
| Detroit Symphony OrchestraFOR PROGRAMMING | Detroit, MI | $10K | 2023 |
| Beds 4 KidsFOR ASSISTANCE TO NEEDY FAMILIES | Oak Park, MI | $10K | 2023 |
| Furniture Bank Of Southeastern MichiganFOR ASSISTANCE TO NEEDY FAMILIES | Pontiac, MI | $8K | 2023 |
| Motor City Lyric OperaFOR PROGRAMMING | Detroit, MI | $5K | 2023 |
| The Beaumont Health Foundation - First Words SocietyFOR PEDIATRIC THERAPY PROGRAMMING | Royal Oak, MI | $5K | 2023 |
| The Pewabic SocietyFOR EDUCATIONAL PROGRAMMING | Detroit, MI | $5K | 2023 |
| University Of MichiganFOR EDUCATIONAL PROGRAMMING | Ann Arbor, MI | $5K | 2023 |
| Kids On The GoFOR YOUTH THERAPY PROGRAMMING | Grosse Pointe Woods, MI | $5K | 2023 |
| Mercy Education ProjectFOR EDUCATIONAL PROGRAMMING | Detroit, MI | $5K | 2023 |