//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
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 $585K. Annual income is reported at $39K. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2017 to 2024. Grantmaking is concentrated in Michigan. 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.
Smallest Grant
$8K
Median Grant
$9K
Average Grant
$9K
Largest Grant
$10K
Based on 4 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.
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
N/A
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 |
|---|---|---|---|
| New City Kids IncSUPPORT OF DAILY ACTIVITIES | Grand Rapids, MI | $10K | 2024 |
| Michigan State UniversitySUPPORT OF DAILY ACTIVITIES | Detroit, MI | $10K | 2024 |
| The New Common School FoundationSUPPORT OF DAILY ACTIVITIES | Detroit, 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 | 2023 |