//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Michael T Assarian Foundation is a private trust based in DETROIT, MI. The foundation received its IRS ruling in 2015. The principal officer is Comerica Bank-Trust Tax Mc 7874. It holds total assets of $1.1M. Annual income is reported at $613K. Total assets have grown from $767K in 2014 to $963K in 2023. The foundation is governed by 1 officer or trustee. 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 2016 to 2023. Grantmaking is concentrated in Michigan. According to available records, Michael T Assarian Foundation has made 52 grants totaling $201K, with a median grant of $3K. The foundation has distributed between $45K and $56K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $56K distributed across 13 grants. Individual grants have ranged from $900 to $11K, with an average award of $4K. The foundation has supported 14 unique organizations. Grants have been distributed to organizations in Michigan and Tennessee and Massachusetts. Contributions to this foundation are tax-deductible.
Smallest Grant
$900
Median Grant
$2K
Average Grant
$3K
Largest Grant
$9K
Based on 13 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.
Michael T Assarian Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 52 grants. Its grantmaking reaches organizations primarily in MI, TN, MA.
Michael T Assarian Foundation has distributed a total of $201K across 52 grants. The median grant size is $3K, with an average of $4K. Individual grants have ranged from $900 to $11K.
Michael T Assarian Foundation typically selects its grantees rather than accepting unsolicited proposals.
Michael T Assarian Foundation is headquartered in DETROIT, MI. While based in MI, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Comerica Bank | TRUSTEE | $19K | $0 | $19K |
Total Giving
$69K
Total Assets
$963K
Fair Market Value
$1.1M
Net Worth
$963K
Grants Paid
$50K
Contributions
N/A
Net Investment Income
$27K
Distribution Amount
$51K
Total Grants
52
Total Giving
$201K
Average Grant
$4K
Median Grant
$3K
Unique Recipients
14
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Boys Hope Girls Hope Of DetroitSUPPORT OF DAILY OPERATIONS | Detroit, MI | $10K | 2023 |
| Legacy ChmSUPPORT OF DAILY OPERATIONS | Detroit, MI | $8K | 2023 |
| St Jude Children'S ResearchSUPPORT OF DAILY OPERATIONS | Memphis, TN | $5K | 2023 |
| St Vincent And Sara H FisherSUPPORT OF DAILY OPERATIONS | Detroit, MI | $5K | 2023 |
| Angel'S PlaceSUPPORT OF DAILY OPERATIONS | Southfield, MI | $5K | 2023 |
| The Detroit Institute For ChildrenSUPPORT OF DAILY OPERATIONS | Walled Lake, MI | $4K | 2023 |
| Make A Wish Foundation OfSUPPORT OF DAILY OPERATIONS | Brighton, MI | $3K | 2023 |
| Detroit Institute Of ArtSUPPORT OF DAILY OPERATIONS | Detroit, MI | $3K | 2023 |
| Vista MariaSUPPORT OF DAILY OPERATIONS | Dearborn Heights, MI | $3K | 2023 |
| Muscular Dystrophy AssociationSUPPORT OF DAILY OPERATIONS | Troy, MI | $3K | 2023 |
| Birmingham Bloomfield Hills ArtSUPPORT OF DAILY OPERATIONS | Birmingham, MI | $2K | 2023 |
| Armenian Assembly Of AmericaSUPPORT OF DAILY OPERATIONS | Woburn, MA | $1K | 2023 |
| Art RoadSUPPORT OF DAILY OPERATIONS | Livonia, MI | $1K | 2023 |
| The Detroit Institute ForGENERAL SUPPORT | Walled Lake, MI | $4K | 2022 |