Corwill And Margie Jackson Foundation
- Assets
- $2.0m
- Revenue
- $222.7k
- Investments
- $1.8m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 08/1962
- Data as of
- 12/2022
- EIN
- 38-6064502
Organization Overview
Corwill And Margie Jackson Foundation is located in Detroit, MI. The organization was established in 1962. 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. Corwill And Margie Jackson Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Corwill And Margie Jackson Foundation has awarded 247 individual grants totaling $632,273. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David J Hall President | 1 | $0 | |
Thomas Hall Treasurer | 1 | $0 | |
Chrissie Hall Secretary | 1 | $0 | |
William Hall Board Member | 1 | $0 | |
Heather Hall Board Member | 1 | $0 | |
R David Hall Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,365 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $175,130 |
| Capital Gain Net Income | $175,130 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $159 |
| Total Revenue | $222,654 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $462 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,947 |
| Contributions, gifts, grants paid | $114,477 |
| Total expenses and disbursements | $131,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $62,349 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $159,336 |
| Total assets | $2,029,729 |
| 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, Corwill And Margie Jackson Foundation has awarded $114,477 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
CARMEN WARDLE PURPOSE: SCHOLARSHIP | $2,000 |
LAKE SHORE RESOURCE NETWORK PURPOSE: CHARITABLE | $17,000 |
RANDI STONE PURPOSE: SCHOLARSHIP | $6,000 |
JENNY APPLEDORN PURPOSE: SCHOLARSHIP | $5,000 |
BRUCE BANKS PURPOSE: SCHOLARSHIP | $5,000 |
AUSTIN COLE PURPOSE: SCHOLARSHIP | $2,000 |