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Wetsman Foundation is a private corporation based in BIRMINGHAM, MI. The foundation received its IRS ruling in 1962. It holds total assets of $2.6M. Annual income is reported at $1.1M. The foundation is governed by 4 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. The foundation primarily funds organizations in Michigan and California. According to available records, Wetsman Foundation has made 160 grants totaling $930K, with a median grant of $1K. Annual giving has decreased from $234K in 2020 to $141K in 2023. Grantmaking activity was highest in 2022 with $352K distributed across 74 grants. Individual grants have ranged from $200 to $163K, with an average award of $6K. The foundation has supported 45 unique organizations. The foundation primarily supports organizations in Michigan, California, New York, which account for 91% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$200
Median Grant
$2K
Average Grant
$10K
Largest Grant
$163K
Based on 23 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.
Wetsman Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 160 grants. Its grantmaking reaches organizations primarily in MI, CA, NY.
Wetsman Foundation has distributed a total of $930K across 160 grants. The median grant size is $1K, with an average of $6K. Individual grants have ranged from $200 to $163K.
Wetsman Foundation typically selects its grantees rather than accepting unsolicited proposals.
Wetsman Foundation is headquartered in BIRMINGHAM, MI. While based in MI, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| William M Wetsman | PRESIDENT | $0 | $0 | N/A |
| Janis B Wetsman | VP / TREASURER | $0 | $0 | N/A |
| David J Wetsman | VP/SECR./ASST TREAS | $0 | $0 | N/A |
| Adam F Wetsman | VP/ASST SECRETARY | $0 | $0 | N/A |
Total Giving
$171K
Total Assets
$2.5M
Fair Market Value
$2.4M
Net Worth
$2.5M
Grants Paid
$141K
Contributions
N/A
Net Investment Income
$55K
Distribution Amount
$167K
Total: $2.4M
Total Grants
160
Total Giving
$930K
Average Grant
$6K
Median Grant
$1K
Unique Recipients
45
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Children'S FoundationUNRESTRICTED CHARITABLE GIFT | Detroit, MI | $10K | 2023 |
| HadassahUNRESTRICTED CHARITABLE GIFT | New York, NY | $1K | 2023 |
| The GroupUNRESTRICTED CHARITABLE GIFT | Los Angeles, CA | $500 | 2023 |
| Jewish Federation Of Metro DetroitUNRESTRICTED CHARITABLE GIFT | Bloomfield Hills, MI | $25K | 2023 |
| University Of MichiganUNRESTRICTED CHARITABLE GIFT | Ann Arbor, MI | $20K | 2023 |
| Detroit Institue Of ArtsUNRESTRICTED CHARITABLE GIFT | Detroit, MI | $11K | 2023 |
| The Music CenterUNRESTRICTED CHARITABLE GIFT | Los Angeles, CA | $10K | 2023 |
| Planned Parenthood Mid And South MichiganUNRESTRICTED CHARITABLE GIFT | Ann Arbor, MI | $10K | 2023 |
| Museum Trustee AssociationUNRESTRICTED CHARITABLE GIFT | Baltimore, MD | $8K | 2023 |
| Jewish Federation Of Of Greater Los AngelesUNRESTRICTED CHARITABLE GIFT | Los Angeles, CA | $5K | 2023 |
| Downtown SynagogueUNRESTRICTED CHARITABLE GIFT | Detroit, MI | $5K | 2023 |
| American Technion SocietyUNRESTRICTED CHARITABLE GIFT | New York, NY | $5K | 2023 |
| Museum Of Contemporary ArtUNRESTRICTED CHARITABLE GIFT | Los Angeles, CA | $3K | 2023 |
| Yad EzraUNRESTRICTED CHARITABLE GIFT | Berkley, MI | $3K | 2023 |
| Detroit Riverfront ConservativeUNRESTRICTED CHARITABLE GIFT | Detroit, MI | $2K | 2023 |
| Detroit Symphony Orchestra HallUNRESTRICTED CHARITABLE GIFT | Detroit, MI | $2K | 2023 |
| Variety The Childrens ClubUNRESTRICTED CHARITABLE GIFT | Birmingham, MI | $2K | 2023 |
| JarcUNRESTRICTED CHARITABLE GIFT | Farmington Hills, MI | $2K | 2023 |
| Ucla FoundationUNRESTRICTED CHARITABLE GIFT | Los Angeles, CA | $2K | 2023 |
| Ruth Ellis CenterUNRESTRICTED CHARITABLE GIFT | Highland Park, MI | $2K | 2023 |
| Otis College Of Art & DesignUNRESTRICTED CHARITABLE GIFT | Los Angeles, CA | $2K | 2023 |
| Detroit Public LibraryUNRESTRICTED CHARITABLE GIFT | Detroit, MI | $1K | 2023 |
| Crohn'S & Colitis FoundationUNRESTRICTED CHARITABLE GIFT | Farmington Hills, MI | $1K | 2023 |
| Cabaret 313UNRESTRICTED CHARITABLE GIFT | Southfield, MI | $1K | 2023 |
| Library Foundation Of LaUNRESTRICTED CHARITABLE GIFT | Downey, CA | $1K | 2023 |
| Alzheimer'S AssociationUNRESTRICTED CHARITABLE GIFT | Southfield, MI | $1K | 2023 |
| Healthnetwork FoundationUNRESTRICTED CHARITABLE GIFT | Pepper Pike, OH | $1K | 2023 |
| Council Of Mi FoundationUNRESTRICTED CHARITABLE GIFT | Grand Haven, MI | $1K | 2023 |
| Detroit GoodfellowsUNRESTRICTED CHARITABLE GIFT | Detroit, MI | $1K | 2023 |
| Pewabic PotteryUNRESTRICTED CHARITABLE GIFT | Detroit, MI | $820 | 2023 |
| Hammer MuseumUNRESTRICTED CHARITABLE GIFT | Los Angeles, CA | $789 | 2023 |
| Detroit Historical SocietyUNRESTRICTED CHARITABLE GIFT | Detroit, MI | $500 | 2023 |
| Charity WatchUNRESTRICTED CHARITABLE GIFT | Chicago, IL | $500 | 2023 |
| Consumer ReportsUNRESTRICTED CHARITABLE GIFT | Yonkers, NY | $500 | 2023 |
| Ort AmericaUNRESTRICTED CHARITABLE GIFT | Bloomfield Township, MI | $500 | 2023 |
| Michigan Humane SocietyUNRESTRICTED CHARITABLE GIFT | Bingham Farms, MI | $500 | 2023 |
| Los Angeles County Museum Of ArtUNRESTRICTED CHARITABLE GIFT | Los Angeles, CA | $220 | 2023 |