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Saranac Education Foundation is a private corporation based in SARANAC, MI. The foundation received its IRS ruling in 1993. The principal officer is Joseph E Brown. It holds total assets of $1.8M. Annual income is reported at $297K. Total assets have grown from $1.2M in 2011 to $1.5M in 2023. The foundation is governed by 5 officers and trustees. 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, Saranac Education Foundation has made 5 grants totaling $545K, with a median grant of $115K. The foundation has distributed between $100K and $230K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $230K distributed across 2 grants. Individual grants have ranged from $100K to $115K, with an average award of $109K. 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.
Saranac Education 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.
Saranac Education Foundation has distributed a total of $545K across 5 grants. The median grant size is $115K, with an average of $109K. Individual grants have ranged from $100K to $115K.
Saranac Education Foundation typically selects its grantees rather than accepting unsolicited proposals.
Saranac Education Foundation is headquartered in SARANAC, MI.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| James Brown | DIRECTOR | $0 | $0 | N/A |
| Stephanie Smith | VICE PRESIDE | $0 | $0 | N/A |
| Bruce Chadwick | SECRETARY | $0 | $0 | N/A |
| Ed Brown | PRESIDENT/TR | $0 | $0 | N/A |
| Sandra Brown | DIRECTOR | $0 | $0 | N/A |
Total Giving
$122K
Total Assets
$1.5M
Fair Market Value
$2.5M
Net Worth
$1.5M
Grants Paid
$115K
Contributions
N/A
Net Investment Income
$108K
Distribution Amount
$115K
Total Grants
5
Total Giving
$545K
Average Grant
$109K
Median Grant
$115K
Unique Recipients
1
Most Common Grant
$115K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Saranac Community SchoolsTUTORING GRANT | Saranac, MI | $115K | 2023 |