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COMERICA CHARITABLE TRUST

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Public nonprofit record

COMERICA CHARITABLE TRUST

EIN 65-1259308 · Public Foundations (T30)

What they do

THE COMERICA CHARITABLE TRUST is ORGANIZED EXCLUSIVELY for THE PURPOSE of RECEIVING and ADMINISTERING FUNDS to MAKE DISTRIBUTIONS to ORGANIZATIONS WHICH QUALIFY AS EXEMPT ORGANIZATIONS UNDER INTERNAL REVENUE CODE 501(C)(3). THE ORGANIZATION ENABLES DONORS to CREATE A CHARITABLE FUND THAT CAN EITHER BE A DONOR ADVISED FUND or A DONOR DESIGNATED FUND. GIFTS or GRANTS MADE to OTHER CHARITIES, WHICH QUALIFY AS TAX-EXEMPT ORGANIZATIONS, ARE DISBURSED FROM EACH ACCOUNT BY ADVISEMENT FROM THE DONOR, DESIGNATION of SPECIFIC CHARITIES SELECTED BY THE DONOR, or AT THE ORGANIZATIONS DISCRETION for THOSE CONTRIBUTIONS OVER WHICH IT HAS RETAINED VARIANCE POWER.

Money

Financial picture

Tax year 2024
Revenue$22,635,118
Expenses$22,216,357
Assets$87,133,935
Income$57,741,061
Contributions$15,577,993
Grants given$115,918,158
Average grant$67,670
Management$913,369
Stocks and bonds$83,187,891
Accounting fees$96,911
Investing fees$606,074

About this charity

Recognized since
January 2006
Location
PO BOX 75000-3420, DETROIT, MI 48275
County
Wayne
In care of
RACHEL GULLEDGE
Primary officer
RACHEL GULLEDGE, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
PLANTE & MORAN PLLC
NTEE classification
Public Foundations (T30)
IRS tax category
Public Foundations
Grant-giving organization
Yes
More public IRS record details

These are classification codes from the organization’s public nonprofit record.

Subsection
03
Affiliation
3
Classification
1000
Deductibility
1
Foundation
15
Organization
1
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About this report: Information comes from public nonprofit records and may show the latest filing available.

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