Milton And Sylvia Pierce Foundation
- Assets
- $560.0k
- Revenue
- $107.9k
- Investments
- $552.7k
- Employees
- 0
- Location
- West Bloomfield, MI
- Founding
- 07/2000
- Data as of
- 12/2021
- EIN
- 38-3515181
Organization Overview
Milton And Sylvia Pierce Foundation is located in West Bloomfield, MI. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is the central organization for a national or regional group of organizations. Milton And Sylvia Pierce 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 12/2021, Milton And Sylvia Pierce Foundation generated $107.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $136.0k during the year ending 12/2021. While expenses have increased by 8.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Milton And Sylvia Pierce Foundation has awarded 53 individual grants totaling $940,009. 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 |
|---|---|---|---|
David Pierce President | 0.5 | $0 | |
Richard Pierce Secretary/treasurer/director | 0.5 | $0 | |
Mel Raznick Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,000 |
| Interest on Savings | $6 |
| Dividends & Interest | $67,894 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $107,900 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12 |
| Total operating and administrative expenses | $14 |
| Contributions, gifts, grants paid | $136,000 |
| Total expenses and disbursements | $136,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,307 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $552,727 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $560,034 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Milton And Sylvia Pierce Foundation has awarded $136,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FEDERATION PURPOSE: TO PROVIDE HUMANITARIAN ASSISTANCE TO THOSE IN NEED | $58,000 |
JEWISH HOSPICE PURPOSE: TO PROVIDE HOSPICE CARE FOR INDIVIDUALS | $25,000 |
JARC PURPOSE: TO PROVIDE SUPPORT FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. | $20,000 |
TEMPLE ISRAEL PURPOSE: TO PROMOTE RELIGIOUS TEACHINGS | $20,000 |
HEBREW FREE LOAN PURPOSE: TO PROVIDE FINANCIAL HELP TO JEWISH PEOPLE IN THE STATE OF MI THROUGH LENDING MONEY WITHOUT INTEREST | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Van Andel Institute Grand Rapids, MI | $1,815,971,878 | $111,524,637 |
William Davidson Foundation Birmingham, MI | $1,107,938,800 | $127,279,050 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI | $63,637,902 | $79,561,320 |
Gilbert Family Foundation Detroit, MI | $122,833,560 | $20,538,766 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |