Culhane Family Foundation Inc

CLINTON TOWNSHIP, MI EIN: 83-2558495

Culhane Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLINTON TOWNSHIP, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $702K in total assets. In 2024, it awarded 2 grants totaling $51K. Net investment income was $32K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$702K

+31.8% YoY

Annual Giving

$51K

+104.0% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$26K

+2.0% YoY

Under IRS private-foundation payout rules, Culhane Family Foundation Inc reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.

About Culhane Family Foundation Inc

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 $121K (100%)

States

Michigan

Cities

DetroitSterling Hts

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$702,480	$533,158	$416,936
Revenue	$229,579	$148,604	$131,337
Expenses	$60,257	$32,382	$26,003
Qualifying Distributions	$52,900	$26,950	$21,800
Net Investment Income	$32,222	$8,172	$4,933
Distributable Amount	$31,626	$23,282	$16,384

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

6 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Sterling Hts Area Community Foundation ($26,000), Henry Ford Health ($25,000).

Recipient	Purpose	Amount
STERLING HTS AREA COMMUNITY FOUNDATION STERLING HTS, MI	IMPROVE LIFE THROUGH CULTURAL, EDUCATIONAL AND RECREATIONAL ACTIVITIES	$26,000
HENRY FORD HEALTH DETROIT, MI	RESEARCH, TECHNOLOGY AND INVESTMENTS IN CLINICAL AND WELLNESS PROGRAMS	$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BRICE CULHANE	PRESIDENT	0.5	—
MARK ZUREK	TREAS	0.5	$800
JANET BRUSS	SEC	0.5	$800

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Culhane Family Foundation Inc?

Culhane Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLINTON TOWNSHIP, MI. It holds $702K in total assets as of 2024.

How large is Culhane Family Foundation Inc?

As of 2024, Culhane Family Foundation Inc holds $702K in total assets with $230K in annual revenue. It awarded 2 grants totaling $51K in 2024.

Where does Culhane Family Foundation Inc operate?

Culhane Family Foundation Inc has awarded grants in Michigan.

What size grants does Culhane Family Foundation Inc award?

In 2024, Culhane Family Foundation Inc awarded 2 grants totaling $51K — an average of about $26K per grant, based on its IRS Form 990 filings.

How much is Culhane Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Culhane Family Foundation Inc reported a distributable amount of $32K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.