Sevim B Paik Charitable Tr
Sevim B Paik Charitable Tr is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DETROIT, MI. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $378K in total assets. In 2024, it awarded 2 grants totaling $22K. Net investment income was $12K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$378K
-2.9% YoY
Annual Giving
$22K
+7.1% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$11K
+7.1% YoY
Under IRS private-foundation payout rules, Sevim B Paik Charitable Tr reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.
About Sevim B Paik Charitable Tr
Based on IRS filings
Sevim B Paik Charitable Tr is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DETROIT, MI. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $378K in total assets. In 2024, it awarded 2 grants totaling $22K. Net investment income was $12K.
Focus Areas
Ready to take the next step with Sevim B Paik Charitable Tr?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $378,481 | $389,750 | $421,098 |
| Revenue | $25,462 | $1,807 | $-8,873 |
| Expenses | $36,682 | $32,656 | $64,426 |
| Qualifying Distributions | $23,311 | $21,542 | $51,532 |
| Net Investment Income | $11,531 | — | — |
| Distributable Amount | $19,501 | $20,557 | $22,562 |
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
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Pennsylvania State University ($11,245), University of Illinois Foundation ($11,245).
| Recipient | Purpose | Amount |
|---|---|---|
| PENNSYLVANIA STATE UNIVERSITY STATE COLLEGE, PA | DAILY OPERATIONAL SUPPORT | $11,245 |
| UNIVERSITY OF ILLINOIS FOUNDATION URBANA, IL | SUPPORT OF DAILY OPERATIONS | $11,245 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| COMERICA BANK TRUST NA | CO-TRUSTEE | 2 | $4,563 |
| WAYNE F SEITL ESQ | CO-TRUSTEE | 2 | $3,647 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Sevim B Paik Charitable Tr?
Sevim B Paik Charitable Tr is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DETROIT, MI. It holds $378K in total assets as of 2024.
How large is Sevim B Paik Charitable Tr?
As of 2024, Sevim B Paik Charitable Tr holds $378K in total assets with $25K in annual revenue. It awarded 2 grants totaling $22K in 2024.
Where does Sevim B Paik Charitable Tr operate?
Sevim B Paik Charitable Tr has awarded grants in Illinois, Pennsylvania.
What size grants does Sevim B Paik Charitable Tr award?
In 2024, Sevim B Paik Charitable Tr awarded 2 grants totaling $22K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Sevim B Paik Charitable Tr required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sevim B Paik Charitable Tr reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sevim B Paik Charitable Tr's EIN?
Sevim B Paik Charitable Tr's EIN (Employer Identification Number) is 30-6453790. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.