Also known as: FAMILY FOUNDATION
Richard F & Carolyn A Chormann Family Foundation is a private corporation based in GRAND RAPIDS, MI. The foundation received its IRS ruling in 1999. The principal officer is % Bank Of America Na. It holds total assets of $4.2M. Annual income is reported at $1.2M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Richard F & Carolyn A Chormann Family Foundation has made 23 grants totaling $953K, with a median grant of $25K. Annual giving has grown from $177K in 2021 to $236K in 2024. Grantmaking activity was highest in 2023 with $274K distributed across 6 grants. Individual grants have ranged from $3K to $162K, with an average award of $41K. The foundation has supported 9 unique organizations. Grants have been distributed to organizations in Michigan and Kentucky and Arizona. Contributions to this foundation are tax-deductible.
Richard F & Carolyn A Chormann Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 23 grants. Its grantmaking reaches organizations primarily in MI, KY, AZ.
Richard F & Carolyn A Chormann Family Foundation has distributed a total of $953K across 23 grants. The median grant size is $25K, with an average of $41K. Individual grants have ranged from $3K to $162K.
Richard F & Carolyn A Chormann Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Richard F & Carolyn A Chormann Family Foundation is headquartered in GRAND RAPIDS, MI. While based in MI, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Plante Moran Trust | AGENT | $42K | $0 | $42K |
| James Chormann | DIRECTOR, VICE PRESIDENT AND TREASURER | $0 | $0 | $0 |
| Cynthia Hann | DIRECTOR, VICE PRESIDENT AND SECRETARY | $0 | $0 | $0 |
| Richard Chormann | DIRECTOR, PRESIDENT AND CEO | $0 | $0 | $0 |
Total Giving
$285K
Total Assets
$3.9M
Fair Market Value
$5.7M
Net Worth
$3.9M
Grants Paid
$236K
Contributions
$0
Net Investment Income
$131K
Distribution Amount
$264K
Total: $2.4M
Total Grants
23
Total Giving
$953K
Average Grant
$41K
Median Grant
$25K
Unique Recipients
9
Most Common Grant
$3K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Interlochen Center For The ArtsGENERAL OPERATING, SCHOLARSHIP AND CAC ENDOWMENT FOR VISUAL ARTS | Interlochen, MI | $90K | 2024 |
| Leelanau ConservancyPALMER WOODS PLEDGE 1000 ACRE PROJECT | Leland, MI | $75K | 2024 |
| Western Michigan University FoundationRICHARD F. AND CAROLYN CURTIS CHORMANN SCHOLARSHIP | Kalamazoo, MI | $56K | 2024 |
| Balancing Environment And Rehabilitation BearRESTORATION OF HISTORIC SLEEPING BEAR NATIONAL LAKESHORE | Flushing, MI | $15K | 2024 |
| Munson Healthcare FoundationsBIRTHING CENTER/NICU | Traverse City, MI |
| 2019 | 990PF | View |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| $60K |
| 2023 |
| Fishtown Preservation SocietyGENERAL OPERATING | Leeland, MI | $10K | 2023 |
| Arizona State University FoundationNEW AMERICAN UNIVERSITY SCHOLARSHIP | Tempe, AZ | $3K | 2023 |
| Glen Lake Association IncBOAT WASHING ENDOWMENT FUND | Glen Arbor, MI | $25K | 2022 |
| Presbyterian Church UsaBELL TOWER CAMPAIGN | Louisville, KY | $10K | 2022 |
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