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Also known as: C/O KARYN HOPP
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Timothy Mcelroy Foundation is a private corporation based in MILFORD, MI. The foundation received its IRS ruling in 2002. The principal officer is Karyn Hopp. It holds total assets of $943K. Annual income is reported at $47K. Total assets have decreased from $1.3M in 2011 to $1M in 2023. The foundation is governed by 3 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 2016 to 2023. According to available records, Timothy Mcelroy Foundation has made 12 grants totaling $568K, with a median grant of $50K. Annual giving has decreased from $134K in 2020 to $100K in 2023. Grantmaking activity was highest in 2022 with $200K distributed across 4 grants. Individual grants have ranged from $34K to $50K, with an average award of $47K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Michigan and California. 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.
Timothy Mcelroy Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in MI, CA.
Timothy Mcelroy Foundation has distributed a total of $568K across 12 grants. The median grant size is $50K, with an average of $47K. Individual grants have ranged from $34K to $50K.
Timothy Mcelroy Foundation typically selects its grantees rather than accepting unsolicited proposals.
Timothy Mcelroy Foundation is headquartered in MILFORD, MI. While based in MI, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Christopher Mcelroy | PRESIDENT | $0 | $0 | N/A |
| Karyn A Hopp | VICE PRESIDENT | $0 | $0 | N/A |
| Kimberly Mcelroy | SECRETARY & TREASURER | $0 | $0 | N/A |
Total Giving
$101K
Total Assets
$1M
Fair Market Value
$1M
Net Worth
$1M
Grants Paid
$100K
Contributions
N/A
Net Investment Income
$41K
Distribution Amount
$51K
Total Grants
12
Total Giving
$568K
Average Grant
$47K
Median Grant
$50K
Unique Recipients
3
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| House Of ProvidenceMAKING A WAY FOR FOSTER CHILDREN TO BE PLACED IN FAMILIES | Oxford, MI | $50K | 2023 |
| Power Company Kids ClubTO PROMOTE THE EMOTIONAL, PHYSICAL, SPIRITUAL AND SOCIAL WELL-BEING OF THE AT RISK CHILDREN | Pontiac, MI | $50K | 2023 |
| California Baptist University - Gibson ScholarshipSCHOLARSHIP FUNDING | Riverside, CA | $34K | 2021 |