Lavere & Gladys Chase Scholarship Fd is a private foundation focused on Education, based in DETROIT, MI. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $676K in total assets. In 2024, it awarded 15 grants totaling $44K. Net investment income was $16K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$676K
-2.7% YoY
Annual Giving
$44K
+0.0% YoY
Grant Count
15
+7.1% YoY
Avg Grant Size
$3K
-6.7% YoY
Under IRS private-foundation payout rules, Lavere & Gladys Chase Scholarship Fd reported a distributable amount of $45K for 2024 — the minimum it must pay out in qualifying distributions.
About Lavere & Gladys Chase Scholarship Fd
Based on IRS filings
Lavere & Gladys Chase Scholarship Fd is a private foundation focused on Education, based in DETROIT, MI. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $676K in total assets. In 2024, it awarded 15 grants totaling $44K. Net investment income was $16K.
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 | $676,272 | $695,216 | $710,264 |
| Revenue | $32,118 | $36,864 | $59,274 |
| Expenses | $66,443 | $60,230 | $64,977 |
| Qualifying Distributions | $50,140 | $45,528 | $48,656 |
| Net Investment Income | $15,860 | $23,108 | $42,981 |
| Distributable Amount | $44,788 | $40,606 | $42,528 |
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
58 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jackson College ($9,700), Western Michigan University ($6,100), Grand Valley State University ($4,700).
| Recipient | Purpose | Amount |
|---|---|---|
| ROBERT MORRIS UNIVERSITY MOON TOWNSHIP, PA | SCHOLARSHIP | $2,500 |
| BETHEL UNIVERSITY INC MISHAWAKA, IN | SCHOLARSHIP | $1,100 |
| University Park - Southern Illinois EDWARDSVILLE, IL | SCHOLARSHIP | $1,100 |
| KALAMAZOO COLLEGE KALAMAZOO, MI | SCHOLARSHIP | $2,500 |
| ALBION COLLEGE Albion, MI | SCHOLARSHIP | $1,100 |
| GRAND VALLEY STATE UNIVERSITY Allendale, MI | SCHOLARSHIP | $4,700 |
| MONTCALM COMMUNITY COLLEGE SYDNEY, MI | SCHOLARSHIP | $2,500 |
| JACKSON COLLEGE JACKSON, MI | SCHOLARSHIP | $9,700 |
| DAVENPORT UNIVERSITY GRAND RAPIDS, MI | SCHOLARSHIP | $1,100 |
| CENTRAL MICHIGAN UNIVERSITY Mt Pleasant, MI | SCHOLARSHIP | $2,200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| COMERICA BANK N A | TRUSTEE | 1 | $16,398 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lavere & Gladys Chase Scholarship Fd?
Lavere & Gladys Chase Scholarship Fd is a private foundation focused on Education, based in DETROIT, MI. It holds $676K in total assets as of 2024.
How large is Lavere & Gladys Chase Scholarship Fd?
As of 2024, Lavere & Gladys Chase Scholarship Fd holds $676K in total assets with $32K in annual revenue. It awarded 15 grants totaling $44K in 2024.
Where does Lavere & Gladys Chase Scholarship Fd operate?
Lavere & Gladys Chase Scholarship Fd has awarded grants in Alabama, Illinois, Indiana, Michigan, Minnesota, New York, Ohio, Oklahoma, Pennsylvania.
What size grants does Lavere & Gladys Chase Scholarship Fd award?
In 2024, Lavere & Gladys Chase Scholarship Fd awarded 15 grants totaling $44K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Lavere & Gladys Chase Scholarship Fd required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lavere & Gladys Chase Scholarship Fd reported a distributable amount of $45K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lavere & Gladys Chase Scholarship Fd's EIN?
Lavere & Gladys Chase Scholarship Fd's EIN (Employer Identification Number) is 20-6975298. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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