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.
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
11
+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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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 |
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 include TCAPS classrooms ($21,552), Traverse City Police Dept ($18,943), Grand Traverse Metro Fire Dept ($12,918).
| Recipient | Purpose | Amount |
|---|---|---|
| Grand Traverse Metro Fire Dept Traverse City, MI | Support for purchase of rescue equipment | $12,918 |
| Whitewater Emergency Services Williamsburg, MI | Support purchase of fire & rescue equipment | $2,396 |
| Old Town Playhouse Traverse City, MI | Sponsor childrens programming | $1,500 |
| TCAPS classrooms Traverse City, MI | Classroom and event support | $21,552 |
| Safe Harbor Traverse City, MI | Facility improvements | $3,356 |
| First Congregational Church Central Lake, MI | Charitable fund | $10,294 |
| Hope College Holland, MI | Scholarship | $1,000 |
| Grand Traverse Regional Foundation Traverse City, MI | Scholarship Fund | $500 |
| Mt Holiday Traverse City, MI | Athletic scholarship | $1,000 |
| Traverse City Police Dept Traverse City, MI | Protective gear | $18,943 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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
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.
What is Cosgrove Foundation's EIN?
Cosgrove Foundation's EIN (Employer Identification Number) is 82-1848600. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Cosgrove 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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