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The Verna E Mckibben Memorial Foundation is a private trust based in DETROIT, MI. The foundation received its IRS ruling in 1999. The principal officer is Comerica Bank Agent. It holds total assets of $295K. Annual income is reported at $50K. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. 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 Ohio. According to available records, The Verna E Mckibben Memorial Foundation has made 28 grants totaling $108K, with a median grant of $3K. The foundation has distributed between $21K and $42K annually from 2021 to 2024. Grantmaking activity was highest in 2023 with $42K distributed across 12 grants. Individual grants have ranged from $1K to $9K, with an average award of $4K. The foundation has supported 9 unique organizations. Grant recipients are concentrated in Ohio. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$3K
Average Grant
$4K
Largest Grant
$9K
Based on 6 grants from the most recent 990-PF filing.
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.
The Verna E Mckibben Memorial Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 28 grants. Its grantmaking reaches organizations primarily in OH.
The Verna E Mckibben Memorial Foundation has distributed a total of $108K across 28 grants. The median grant size is $3K, with an average of $4K. Individual grants have ranged from $1K to $9K.
The Verna E Mckibben Memorial Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Verna E Mckibben Memorial Foundation is headquartered in DETROIT, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joel R Aberth | CO-TRUSTEE | $3K | $0 | $3K |
| Comerica Bank Trust N A | CO-TRUSTEE | $3K | $0 | $3K |
Total Giving
$33K
Total Assets
$300K
Fair Market Value
$398K
Net Worth
$300K
Grants Paid
$22K
Contributions
N/A
Net Investment Income
$284
Distribution Amount
$19K
Total: $300K
Total Grants
28
Total Giving
$108K
Average Grant
$4K
Median Grant
$3K
Unique Recipients
9
Most Common Grant
$3K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Norton Music Boosters AssociationSUPPORT FOR DAILY OPERATION | Norton, OH | $8K | 2024 |
| Wolf Creek Players IncSUPPORT FOR DAILY OPERATION | Norton, OH | $5K | 2024 |
| Akron-Canton Regional FoodbankSUPPORT FOR DAILY OPERATION | Akron, OH | $5K | 2024 |
| Love An Angel FoundationSUPPORT FOR DAILY OPERATION | New Franklin, OH | $4K | 2024 |
| International Soap Box Derby IncSUPPORT FOR DAILY OPERATION | Akron, OH | $2K | 2023 |
| The Oak ClinicSUPPORT FOR DAILY OPERATION | Uniontown, OH | $2K | 2023 |
| Rotary Camp For Children WithGENERAL SUPPORT | Akron, OH | $3K | 2021 |
| Stephen A Comunale Jr FamilyGENERAL SUPPORT | Akron, OH | $3K | 2021 |
| Bluecoats IncGENERAL SUPPORT | Cleveland, OH | $1K | 2021 |