The Cold Heading Foundation
The Cold Heading Foundation is a private foundation established in 1968 and based in Warren, Michigan. As a 501(c)(3) tax-exempt organization, it operates as an independent foundation focused on philanthropic giving across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$21.7M
-1.2% YoY
Annual Giving
$1.1M
-0.0% YoY
Grant Count
47
-4.1% YoY
Avg Grant Size
$24K
+4.2% YoY
Mission & Focus Areas
The foundation supports initiatives in education, health associations, and Roman Catholic churches and organizations. According to recent grant distribution patterns, approximately 31% of giving supports education, 15% supports philanthropy and voluntarism, and nearly 13% supports sports and recreation.
Grantmaking
The foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. Applicants must contact the foundation directly for the application process. There are no deadlines.
Grant Range
$1,000–$360,000
Review Cycle
.
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation distributes grants across the United States, with particular activity in Michigan, Nevada, and Indiana.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $21,675,121
- Total Revenues: $1,100,814
- Total Expenses: $1,363,015
- Total Liabilities: $0
- Investment Income and Dividends: $656,701
- Number of Employees: 0
The foundation maintains a strong asset base with investment income as its primary revenue source.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $21,675,121 | $21,937,322 | $22,390,727 |
| Revenue | $1,100,814 | $919,279 | $1,333,661 |
| Expenses | $1,363,015 | $1,372,684 | $1,554,705 |
| Qualifying Distributions | $1,287,216 | $1,312,329 | $1,475,480 |
| Net Investment Income | $1,057,453 | $879,466 | $1,289,287 |
| Distributable Amount | $1,441,364 | $1,287,887 | $1,326,159 |
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
223 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Derek Stevens – President
- Elizabeth Stevens – Vice President & Secretary
- Gregory Stevens – Treasurer
The foundation was founded by Rene DeSeranno, with funding sources including Cold Heading Co., Ajax Metal Processing, Inc., and Beach Lawn Mortgage Co.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DEREK STEVENS | PRESIDENT | 8 | $48,000 |
| ELIZABETH STEVENS | VICE-PRESIDENT & SECRETARY | 8 | — |
| GREGORY STEVENS | TREASURER | 8 | $48,000 |
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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