Thomas J & Ruth E Grimaldi is a private foundation focused on Education, based in BINGHAM FARMS, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 30 grants totaling $100K. Net investment income was $49K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
+3.7% YoY
Annual Giving
$100K
+10.7% YoY
Grant Count
30
-3.2% YoY
Avg Grant Size
$3K
+14.4% YoY
Under IRS private-foundation payout rules, Thomas J & Ruth E Grimaldi reported a distributable amount of $106K for 2024 — the minimum it must pay out in qualifying distributions.
About Thomas J & Ruth E Grimaldi
Based on IRS filings
Thomas J & Ruth E Grimaldi is a private foundation focused on Education, based in BINGHAM FARMS, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 30 grants totaling $100K. Net investment income was $49K.
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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 | $1,831,624 | $1,766,778 | $1,778,775 |
| Revenue | $191,617 | $99,904 | $104,642 |
| Expenses | $126,771 | $111,901 | $113,114 |
| Qualifying Distributions | $101,528 | $92,281 | $90,000 |
| Net Investment Income | $48,817 | $42,828 | $53,167 |
| Distributable Amount | $106,170 | $92,010 | $90,698 |
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
154 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Sacred Heart Seminary ($10,000), Academy of the Sacred Heart ($5,000), Brother Rice ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACADEMY OF THE SACRED HEART BLOOMFIELD HILLS, MI | CHARITABLE GIFT | $5,000 |
| BROTHER RICE BLOOMFIELD HILLS, MI | CHARITABLE GIFT | $5,000 |
| ARCHDIOCESE OF DETROIT DETROIT, MI | CHARITABLE GIFT | $5,000 |
| KETTERING UNIVERSITY FLINT, MI | CHARITABLE GIFT | $5,000 |
| MARIAN HIGH SCHOOL BLOOMFIELD HILLS, MI | CHARITABLE GIFT | $5,000 |
| SACRED HEART SEMINARY DETROIT, MI | CHARITABLE GIFT | $10,000 |
| HOLY NAME SEED FUND BIRMINGHAM, MI | CHARITABLE GIFT | $5,000 |
| ST LABRE INDIAN SCHOOL ASHLAND, MT | CHARITABLE GIFT | $2,000 |
| U OF D JESUIT HIGH SCHOOL DETROIT, MI | CHARITABLE GIFT | $5,000 |
| FISHER HOUSE FOUNDATION ROCKVILLE, MD | CHARITABLE GIFT | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL L MCCOY | DIRECTOR | — | — |
| NANCY HAMMOND | DIRECTOR | — | — |
| CHERYL ORRICO | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Thomas J & Ruth E Grimaldi?
Thomas J & Ruth E Grimaldi is a private foundation focused on Education, based in BINGHAM FARMS, MI. It holds $1.8M in total assets as of 2024.
How large is Thomas J & Ruth E Grimaldi?
As of 2024, Thomas J & Ruth E Grimaldi holds $1.8M in total assets with $192K in annual revenue. It awarded 30 grants totaling $100K in 2024.
Where does Thomas J & Ruth E Grimaldi operate?
Thomas J & Ruth E Grimaldi has awarded grants in California, Maryland, Michigan, Montana, New York, Tennessee, Texas.
What size grants does Thomas J & Ruth E Grimaldi award?
In 2024, Thomas J & Ruth E Grimaldi awarded 30 grants totaling $100K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Thomas J & Ruth E Grimaldi required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Thomas J & Ruth E Grimaldi reported a distributable amount of $106K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Thomas J & Ruth E Grimaldi's EIN?
Thomas J & Ruth E Grimaldi's EIN (Employer Identification Number) is 38-2938393. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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