Manat Foundation
- Assets
- $0.0
- Revenue
- $474.8k
- Investments
- $2.7m
- Employees
- 0
- Location
- West Bloomfield, MI
- Founding
- 10/1987
- Data as of
- 07/2021
- EIN
- 38-2710511
Organization Overview
Manat Foundation is located in West Bloomfield, MI. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manat Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2021, Manat Foundation generated $474.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $1.7m during the year ending 07/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Manat Foundation has awarded 32 individual grants totaling $5,373,180. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie B Charach Trustee | 40 | $0 | |
Rebecca Hankin Trustee | 24 | $0 | |
Joseph Hankin Trustee | 16 | $0 | |
Susan Henkin Trustee | 16 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $1,624 |
| Dividends & Interest | $84,110 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $474,792 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $23,517 |
| Contributions, gifts, grants paid | $1,675,572 |
| Total expenses and disbursements | $1,699,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,385 |
| Investments—mortgage loans | $0 |
| Investments—other | $905,177 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Manat Foundation has awarded $1,675,572 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FED-TAMARACK CAMPS PURPOSE: FURTHER CHARITABLE GOALS | $937,504 |
ST JUDE CHILDREN'S - CRAFT ROOM PURPOSE: FURTHER CHARITABLE GOALS | $242,921 |
LE BONHEUR CHILDREN'S HOSPITAL PURPOSE: FURTHER CHARITABLE GOALS | $203,000 |
JEWISH FED-TAMARACK CAMPS PURPOSE: FURTHER CHARITABLE GOALS | $82,147 |
Northville, MI PURPOSE: FURTHER CHARITABLE GOALS | $75,000 |
JEWISH FED-ANNUAL PURPOSE: FURTHER CHARITABLE GOALS | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Timken Foundation Of Canton Canton, OH | $32,951,548 | $35,361,538 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Siemer Family Foundation Columbus, OH | $55,510,313 | $15,843,554 |
Orphan Foundation Of America Orph Cleveland, OH | $10,515,752 | $16,785,416 |