The Gretchen C Valade Endowment
The Gretchen C Valade Endowment is a private foundation focused on Arts, Culture & Humanities, based in Grosse Pointe Farms, MI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.3M in total assets. In 2025, it awarded 2 grants totaling $3.3M. Net investment income was $22K.
The Gretchen C Valade Endowment at a glance
In short: The Gretchen C Valade Endowment gave $3.3M across 2 grants in 2025 (avg $1.7M), mostly in Michigan. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $3,330,000
- +12.9% vs 2024
- Grants made (2025)
- 2
- +100.0% vs 2024
- Average grant
- $1,665,000
- -43.6% vs 2024
- Median grant
- $1,665,000
- Total assets
- $3,306,683
- +433.6% vs 2024
- Primary geography
- Michigan (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Gretchen C Valade Endowment funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Detroit International Jazz Festival Foundation ($3.3M). Together the top 2 received $3.3M.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $1–5M range: 4 grants of 6 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How The Gretchen C Valade Endowment gives
- Giving grew 2279% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $140K (2022) to $3.3M (2025). In 2025 it made 2 grants totaling $3.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Detroit International Jazz Festival Foundation Harper Woods, MI | To Support Detroit International Jazz Festival | $3,250,000 |
| The Parade Company Detroit, MI | To Support Parade Operations | $80,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,306,683 | $6,050,986 | $3,369,946 | $3,330,000 | 2 | $3,365,726 | $22,450 | $59,345 |
| 2024 | $619,644 | $3,458,609 | $3,487,397 | $2,950,000 | 1 | $3,482,673 | $39,842 | $48,831 |
| 2023 | $648,357 | $92,079 | $2,509,363 | $2,200,000 | 1 | $2,504,187 | $89,079 | $72,672 |
| 2022 | $111,798 | $116,482 | $150,415 | $140,000 | 1 | $143,750 | $112,642 | $4,220 |
| 2021 | $243,795 | $701,832 | $2,582,468 | $2,550,000 | 1 | $2,567,010 | $692,374 | $60,769 |
| 2020 | $2,582,242 | $238,992 | $1,905,521 | $1,890,000 | 1 | — | $230,302 | $147,059 |
| 2019 | $4,343,285 | $4,462,762 | $3,086,458 | $3,062,500 | 2 | — | $1,440,933 | $149,690 |
Under IRS private-foundation payout rules, The Gretchen C Valade Endowment reported a distributable amount of $59K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Gretchen C Valade Endowment is led by Mark Valade, President since 2023 (on filings since 2020); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mark Valade
President
Secretary → President, 2023
On filings since 2020
1 hr/week
No compensation reported
Kyle Valade
Secretary
On filings since 2023
1 hr/week
No compensation reported
Nevra Kreger
Treasurer
On filings since 2023
1 hr/week
No compensation reported
Former officers (6)
- Former: Gretchen C. Valade (2019–2022) — President & Treasurer
- Former: Anthony Michaels (2019) — Director
- Former: Christopher Collins (2019) — Director
- Former: David P. Sutherland (2019) — Director
- Former: Denny Stilwell (2019) — Director
- Former: Thomas A. Robinson (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Gretchen C Valade Endowment
How much does The Gretchen C Valade Endowment give each year?
The Gretchen C Valade Endowment gave $3.3M across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3.0M across 1 grant.
How large is The Gretchen C Valade Endowment?
The Gretchen C Valade Endowment reported $3.3M in total assets on its 2025 IRS Form 990-PF. It paid out $3.4M in qualifying distributions that year, against a required minimum of $59K (roughly 5% of its investment assets).
What is The Gretchen C Valade Endowment?
The Gretchen C Valade Endowment is a private foundation focused on Arts, Culture & Humanities, based in Grosse Pointe Farms, MI. It holds $3.3M in total assets as of 2025.
Where does The Gretchen C Valade Endowment operate?
The Gretchen C Valade Endowment has awarded grants in Michigan.
What is The Gretchen C Valade Endowment's EIN?
The Gretchen C Valade Endowment's EIN (Employer Identification Number) is 04-3843795. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 12, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 20, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 21, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 20, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 25, 2026)
- IRS filings on file for fiscal years 2019–2025
Live grants for the work The Gretchen C Valade Endowment funds
Arts, Culture & Humanities Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Gretchen C Valade Endowment's focus areas in our free grants database
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