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Pearson Family Foundation is a private corporation based in TROY, MI. The foundation received its IRS ruling in 1994. It holds total assets of $342K. Annual income is reported at $469K. Total assets have grown from $90K in 2011 to $225K in 2023. The foundation is governed by 4 officers and trustees. The only charitable activity the foundation engaged in was direct donations to three charities. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2024. Grantmaking is concentrated in Michigan. According to available records, Pearson Family Foundation has made 11 grants totaling $162K, with a median grant of $10K. Annual giving has grown from $45K in 2021 to $80K in 2024. Individual grants have ranged from $1K to $60K, with an average award of $15K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in Michigan and Florida. Contributions to this foundation are tax-deductible.
Pearson Family Foundation reported 11 individual grants totaling $162,000 between 2021 and 2024 across its IRS Form 990-PF filings, with a median grant of $10,000. Half of those grants fell between $8,000 and $15,000. Its largest single grant in the record was $60,000. Its most recent available filing, for fiscal year 2023, reports $91,620 in total giving.
Grantmaking is concentrated in MI, which received 10 of the 11 grants on record (91 percent). Of its 6 distinct grantees, 33 percent received funding more than once, so repeat relationships are the exception rather than the norm. Its largest institutional recipients were Macomb Community College ($60,000), Oakland University ($51,000) and Beaumont Foundation ($25,000).
Computed from 11 individual grant records (2021–2024) in this foundation's IRS Form 990-PF Part XV filings, reaching 2 states. Source: IRS 990-PF.
Smallest Grant
$5K
Median Grant
$13K
Average Grant
$11K
Largest Grant
$15K
Based on 4 grants from the most recent 990-PF filing.
The only charitable activity the foundation engaged in was direct donations to two charities.
The only charitable activity the foundation engaged in was direct donations to three charities. Based on available records, the foundation has funded 11 grants. Its grantmaking reaches organizations primarily in MI, FL.
Pearson Family Foundation has distributed a total of $162K across 11 grants. The median grant size is $10K, with an average of $15K. Individual grants have ranged from $1K to $60K.
Pearson Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Pearson Family Foundation is headquartered in TROY, MI. While based in MI, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Richard E Pearson | PRESIDENT | $0 | $0 | N/A |
| Brenda C Pearson | TREASURER | $0 | $0 | N/A |
| Elaine A Pearson | VICE-PRESIDENT | $0 | $0 | N/A |
| James L Baker | SECRETARY | $0 | $0 | N/A |
Total Giving
$92K
Total Assets
$225K
Fair Market Value
$225K
Net Worth
$225K
Grants Paid
$80K
Contributions
$50K
Net Investment Income
$4K
Distribution Amount
$11K
Total: N/A
Total Grants
11
Total Giving
$162K
Average Grant
$15K
Median Grant
$10K
Unique Recipients
6
Most Common Grant
$10K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Macomb Community CollegeSCHOLARSHIP FUND | Warren, MI | $60K | 2024 |
| Oakland UniversitySCHOLARSHIP FUND | Rochester, MI | $20K | 2024 |
| Beaumont FoundationPEDIATRIC REHABILITATION | Southfield, MI | $10K | 2023 |
| Kindoo Family CenterGENERAL FUNDGENERAL FUND | Indiantown, FL | $1K | 2023 |
| Walsh CollegeSCHOLARSHIP FUND | Troy, MI | $15K | 2021 |
| New Day Foundation For FamiliesCANCER | Rochester Hills, MI | $10K | 2021 |