Chisbetts Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MADISON HEIGHTS, MI. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $529K in total assets. Net investment income was $13K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$529K
+2.5% YoY
Revenue
$20K
-16.5% YoY
Net Investment Income
$13K
-61.8% YoY
Expenses
$7K
+90.3% YoY
Under IRS private-foundation payout rules, Chisbetts Foundation reported a distributable amount of $29K for 2025 — the minimum it must pay out in qualifying distributions.
About Chisbetts Foundation
Based on IRS filings
Chisbetts Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MADISON HEIGHTS, MI. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $529K in total assets. Net investment income was $13K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $529,306 | $516,224 | $487,841 |
| Revenue | $20,220 | $24,212 | $20,111 |
| Expenses | $6,766 | $3,556 | $8,473 |
| Qualifying Distributions | — | — | $5,000 |
| Net Investment Income | $13,454 | $35,177 | $16,638 |
| Distributable Amount | $29,166 | $25,876 | $22,851 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2025
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BETTY CHISHOLM | DIRECTORS | 8 | — |
| JOSEPH P GALASSO JR | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Chisbetts Foundation?
Chisbetts Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in MADISON HEIGHTS, MI. It holds $529K in total assets as of 2025.
How large is Chisbetts Foundation?
As of 2025, Chisbetts Foundation holds $529K in total assets with $20K in annual revenue.
Where does Chisbetts Foundation operate?
Chisbetts Foundation has awarded grants in Michigan.
How much is Chisbetts Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Chisbetts Foundation reported a distributable amount of $29K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Chisbetts Foundation's EIN?
Chisbetts Foundation's EIN (Employer Identification Number) is 61-1437291. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Chisbetts Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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