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Robert M Morand Scholarship Fund is a private corporation based in BLOOMFLD HLS, MI. The foundation received its IRS ruling in 2015. It holds total assets of $935K. Annual income is reported at $36K. The foundation is governed by 3 officers and trustees. Provide funds to schools who will in turn provide scholarships to children who reside in the city of detroit and are currently enrolled or accepted for enrollment at a catholic high school in the city of detroit. 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, Robert M Morand Scholarship Fund has made 12 grants totaling $198K, with a median grant of $17K. The foundation has distributed between $48K and $51K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $51K distributed across 3 grants. Individual grants have ranged from $16K to $17K, with an average award of $17K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Michigan. Contributions to this foundation are tax-deductible.
Smallest Grant
$16K
Median Grant
$16K
Average Grant
$16K
Largest Grant
$16K
Based on 3 grants from the most recent 990-PF filing.
Provide funds to schools who will in turn provide scholarships to children who reside in the city of detroit and are currently enrolled or accepted for enrollment at a catholic high school in the city of detroit.
Expenses: $48K
Provide funds to schools who will in turn provide scholarships to children who reside in the city of detroit and are currently enrolled or accepted for enrollment at a catholic high school in the city of detroit. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in MI.
Robert M Morand Scholarship Fund has distributed a total of $198K across 12 grants. The median grant size is $17K, with an average of $17K. Individual grants have ranged from $16K to $17K.
Robert M Morand Scholarship Fund typically selects its grantees rather than accepting unsolicited proposals.
Robert M Morand Scholarship Fund is headquartered in BLOOMFLD HLS, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Rosemary Morand | SECRETARY/TREASURER | $551 | $0 | $551 |
| John P Morand | PRESIDENT | $0 | $0 | N/A |
| Grace E Morand | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$54K
Total Assets
$944K
Fair Market Value
$1.5M
Net Worth
$944K
Grants Paid
$51K
Contributions
$309
Net Investment Income
$5K
Distribution Amount
$69K
Total: N/A
Total Grants
12
Total Giving
$198K
Average Grant
$17K
Median Grant
$17K
Unique Recipients
3
Most Common Grant
$17K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Cristo Rey High SchoolSCHOLARSHIPS | Detroit, MI | $17K | 2023 |
| Loyola High SchoolSCHOLARSHIPS | Detroit, MI | $17K | 2023 |
| U Of D Jesuit High SchoolSCHOLARSHIPS | Detroit, MI | $17K | 2023 |