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Russell Mclauchlin Foundation is a private trust based in DETROIT, MI. The foundation received its IRS ruling in 1999. The principal officer is Comerica Bank. It holds total assets of $339K. Annual income is reported at $37K. Total assets have grown from $244K in 2011 to $352K in 2023. The foundation is governed by 1 officer or trustee. 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, Russell Mclauchlin Foundation has made 5 grants totaling $93K, with a median grant of $17K. The foundation has distributed between $16K and $44K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $44K distributed across 2 grants. Individual grants have ranged from $16K to $22K, with an average award of $19K. Grant recipients are concentrated in Michigan. 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.
Russell Mclauchlin Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in MI.
Russell Mclauchlin Foundation has distributed a total of $93K across 5 grants. The median grant size is $17K, with an average of $19K. Individual grants have ranged from $16K to $22K.
Russell Mclauchlin Foundation typically selects its grantees rather than accepting unsolicited proposals.
Russell Mclauchlin Foundation is headquartered in DETROIT, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Comerica Bank | Trustee | $7K | $0 | $7K |
Total Giving
$24K
Total Assets
$352K
Fair Market Value
$322K
Net Worth
$352K
Grants Paid
$16K
Contributions
N/A
Net Investment Income
$7K
Distribution Amount
$16K
Total Grants
5
Total Giving
$93K
Average Grant
$19K
Median Grant
$17K
Unique Recipients
1
Most Common Grant
$22K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Wayne State UniversitySUPPORT OF DAILY OPERATIONS | Detroit, MI | $16K | 2023 |