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Loraine And Melinese Reuter Foundation is a private trust based in DETROIT, MI. The foundation received its IRS ruling in 2004. The principal officer is % Comerica Bank. It holds total assets of $584K. Annual income is reported at $28K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Loraine And Melinese Reuter Foundation has made 10 grants totaling $101K, with a median grant of $10K. Annual giving has decreased from $68K in 2023 to $33K in 2024. Individual grants have ranged from $3K to $12K, with an average award of $10K. The foundation has supported 5 unique organizations. Grant recipients are concentrated in Michigan. Contributions to this foundation are tax-deductible.
Loraine And Melinese Reuter 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.
Loraine And Melinese Reuter Foundation has distributed a total of $101K across 10 grants. The median grant size is $10K, with an average of $10K. Individual grants have ranged from $3K to $12K.
The application deadline is NO DEADLINE. AWARDS ARE ONLY TO FURTHER MUSIC EDUCATION AND NO GRANTS OR LOANS WILL BE GIVEN TO INDIVIDUALS.
Loraine And Melinese Reuter Foundation is headquartered in DETROIT, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Comerica Bank | TRUSTEE | $14K | $0 | $14K |
Total Giving
$47K
Total Assets
$584K
Fair Market Value
$792K
Net Worth
$584K
Grants Paid
$33K
Contributions
$0
Net Investment Income
$15K
Distribution Amount
$37K
Total Grants
10
Total Giving
$101K
Average Grant
$10K
Median Grant
$10K
Unique Recipients
5
Most Common Grant
$10K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The New Common School FoundationSUPPORT OF DAILY ACTIVITIES | Detroit, MI | $10K | 2024 |
| Michigan State UniversitySUPPORT OF DAILY ACTIVITIES | Detroit, MI | $10K | 2024 |
| New City Kids IncSUPPORT OF DAILY ACTIVITIES | Grand Rapids, MI | $10K | 2024 |
| Gilda'S Club Metro DetroitSUPPORT OF DAILY ACTIVITIES | Royal Oak, MI | $3K | 2024 |
| Detroit Youth Concert ChoirSUPPORT OF DAILY OPERATIONS | Detroit, MI | $12K |
| 2019 | 990PF | View |
| 2017 | 990PF | View |
| 2023 |
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