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M James Gunberg Family Foundation is a private corporation based in ADA, MI. The foundation received its IRS ruling in 2014. The principal officer is M James Gunberg. It holds total assets of $9M. Annual income is reported at $166K. The foundation is governed by 5 officers and trustees. The foundation operates in the area of education. 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, M James Gunberg Family Foundation has made 9 grants totaling $303K, with a median grant of $50K. Annual giving has decreased from $175K in 2020 to $55K in 2022. Individual grants have ranged from $3K to $50K, with an average award of $34K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in Michigan and Florida. 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.
M James Gunberg Family Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in MI, FL.
M James Gunberg Family Foundation has distributed a total of $303K across 9 grants. The median grant size is $50K, with an average of $34K. Individual grants have ranged from $3K to $50K.
M James Gunberg Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
M James Gunberg Family Foundation is headquartered in ADA, MI. While based in MI, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jennifer Gunberg | VICE PRESIDENT | $0 | $0 | N/A |
| Sarah Gunberg | SECRETARY | $0 | $0 | N/A |
| Amanda Gunberg | VICE PRESIDENT | $0 | $0 | N/A |
| M James Gunberg | PRESIDENT AND TREASURER | $0 | $0 | N/A |
| Kathryn Clark | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$59K
Total Assets
$9M
Fair Market Value
$3.4M
Net Worth
$9M
Grants Paid
$55K
Contributions
$2M
Net Investment Income
$49K
Distribution Amount
$84K
Total: $6.9M
Total Grants
9
Total Giving
$303K
Average Grant
$34K
Median Grant
$50K
Unique Recipients
6
Most Common Grant
$50K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Univ Of South Florida Muma College Of BusinessCOB EXECUTIVE BULLS | Tampa, FL | $50K | 2022 |
| Friends Of Four StarFOUR STAR THEATRE CAPITAL CAMPAIGN | Caledonia, MI | $5K | 2022 |
| Mason County Historical SocietyHISTORICAL RESEARCH CENTER | Ludington, MI | $20K | 2021 |
| Kent County Youth FairCAPITAL CAMPAIGN | Lowell, MI | $50K | 2020 |
| Greater Lowell Chamber FoundationLOWELL SHOWBOAT CAMPAIGN | Lowell, MI | $50K | 2020 |
| Lowell ArtsOPERATIONAL FUND | Lowell, MI | $25K | 2020 |