Comerica Charitable Tr

Organization Overview

Comerica Charitable Tr is located in Detroit, MI. The organization was established in 2006. According to its NTEE Classification (T30) the organization is classified as: Public 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. Comerica Charitable Tr 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 06/2022, Comerica Charitable Tr generated $13.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $8.6m during the year ending 06/2022. While expenses have increased by 1.6% 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 2015, Comerica Charitable Tr has awarded 1,188 individual grants totaling $76,320,430. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO RECEIVE AND ADMINISTER FUNDS FOR DISTRIBUTIONS TO EXEMPT ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTIONS TO QUALIFIED CHARITIES


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Comerica Bank And Trust Na
Investment Management
$324,502
Mayer Brown Llp
Legal Fees
$162,353
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$8,807,668
Noncash contributions included in lines 1a–1f $5,796,683
Total Revenue from Contributions, Gifts, Grants & Similar$8,807,668
Total Program Service Revenue$0
Investment income $1,457,951
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,029,490
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,296,605

Grants Awarded

Over the last fiscal year, Comerica Charitable Tr has awarded $6,960,486 in support to 188 organizations.

Grant RecipientAmount

WATERTOWN AREA COMMUNITY FOUNDATION

Org PageRecipient Profile

Watertown, WI

PURPOSE: FOR THE ORGANIZATION'S GENERAL CHARITABLE PURPOSES

$500,000

FOCUS FOUNDATION

PURPOSE: FOR THE ORGANIZATION'S GENERAL CHARITABLE PURPOSES

$300,000

NCH HEALTHCARE SYSTEMS INC

Org PageRecipient Profile

Naples, FL

PURPOSE: FOR THE ORGANIZATION'S GENERAL CHARITABLE PURPOSES

$300,000

CAMPBELL HALL-EPISCOPAL

Org PageRecipient Profile

N Hollywood, CA

PURPOSE: FOR THE ORGANIZATION'S GENERAL CHARITABLE PURPOSES

$210,525

FULLER THEOLOGICAL SEMINARY

Org PageRecipient Profile

Pasadena, CA

PURPOSE: FOR THE ORGANIZATION'S GENERAL CHARITABLE PURPOSES

$200,000

HENRY FORD HEALTH SYSTEM

Org PageRecipient Profile

Detroit, MI

PURPOSE: FOR THE ORGANIZATION'S GENERAL CHARITABLE PURPOSES

$190,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Comerica Charitable Tr has recieved totaling $530,357.

Awarding OrganizationAmount
Servant Foundation

Overland Park, KS

PURPOSE: COMMUNITY DEVELOPMENT

$530,357
View Grant Recipient Profile

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