Cosgrove Foundation

Foundation · Grantmaker Traverse City, MI EIN: 82-1848600

Cosgrove Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Traverse City, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.7M in total assets. In 2024, it awarded 11 grants totaling $77K. Net investment income was $228K.

Key facts about Cosgrove Foundation

EIN: 82-1848600
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $77,459
Grants made (2024): 11
Average grant: $7,042
Median grant: $3,356
Total assets: $5,680,899
Primary geography: Michigan (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Cosgrove Foundation funds

By grant dollars, the top recipient states for Cosgrove Foundation's 11 itemized 2024 grants were Michigan (100%). The most frequent recipient cities were Traverse City, MI (8 grants). None of its 11 grants with a stated purpose were described as general or operating support.

How Cosgrove Foundation gives

55% of 2024 grantees were also funded in 2023. Method
Giving grew 409% from 2021 to 2024. Method
In 2024 it paid out 42% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with Cosgrove Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.7M

+118.0% YoY

Annual Giving

$77K

+56.7% YoY

Grant Count

+37.5% YoY

Avg Grant Size

$7K

+14.0% YoY

Under IRS private-foundation payout rules, Cosgrove Foundation reported a distributable amount of $218K for 2024 — the minimum it must pay out in qualifying distributions.

About Cosgrove Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Michigan $77K (100%)

Share of all 11 itemized 2024 grant dollars.

States

Maryland Michigan

Cities

Traverse CityWilliamsburgCentral LakeCadillacHagerstownHolland

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$5,680,899	$2,606,026	$1,187,563
Revenue	$1,055,818	$691,312	$420,238
Expenses	$102,613	$51,283	$27,680
Qualifying Distributions	$91,296	$51,283	$25,527
Net Investment Income	$228,147	$288,552	$20,085
Distributable Amount	$218,319	$89,759	$50,142

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

33 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include TCAPS classrooms ($21,552), Traverse City Police Dept ($18,943), Grand Traverse Metro Fire Dept ($12,918).

Recipient	Purpose	Amount
TCAPS classrooms Traverse City, MI	Classroom and event support	$21,552
Traverse City Police Dept Traverse City, MI	Protective gear	$18,943
Grand Traverse Metro Fire Dept Traverse City, MI	Support for purchase of rescue equipment	$12,918
First Congregational Church Central Lake, MI	Charitable fund	$10,294
Child Family Services of NW MI Traverse City, MI	Program Support	$4,000
Safe Harbor Traverse City, MI	Facility improvements	$3,356
Whitewater Emergency Services Williamsburg, MI	Support purchase of fire & rescue equipment	$2,396
Old Town Playhouse Traverse City, MI	Sponsor childrens programming	$1,500
Hope College Holland, MI	Scholarship	$1,000
Mt Holiday Traverse City, MI	Athletic scholarship	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Thomas A Cosgrove	Chair	5	—
Trevor Fetters	Co-Chair	1	—
David M Cosgrove	Director	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Cosgrove Foundation?

Cosgrove Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Traverse City, MI. It holds $5.7M in total assets as of 2024.

How large is Cosgrove Foundation?

As of 2024, Cosgrove Foundation holds $5.7M in total assets with $1.1M in annual revenue. It awarded 11 grants totaling $77K in 2024.

Where does Cosgrove Foundation operate?

Cosgrove Foundation has awarded grants in Maryland, Michigan.

What size grants does Cosgrove Foundation award?

In 2024, Cosgrove Foundation awarded 11 grants totaling $77K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is Cosgrove Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Cosgrove Foundation reported a distributable amount of $218K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.