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COMERICA CHARITABLE FOUNDATION

DETROIT, MI 383373052

The Comerica Charitable Foundation, located in Detroit, supports economically disadvantaged communities through funding in education, health, and economic development across various U.S. cities, with a dedicated board serving without compensation.

Overview

About COMERICA CHARITABLE FOUNDATION

The Comerica Charitable Foundation, based in Detroit, Michigan, is a philanthropic organization with assets totaling $2,825,546 and expenses of $3,663,593. Despite having a revenue of $232,276, the foundation is committed to supporting a wide range of causes, primarily focusing on economically disadvantaged and low-income individuals. Their funding areas include education at various levels, health, community and economic development, employment, job training, housing development, financial services, entrepreneurship, and international human rights. The foundation supports numerous cities across the United States, including major areas like Detroit, Dallas, Los Angeles, and New York City, and operates in states such as Michigan, Texas, California, and New York. The foundation is led by a board of directors, including Wendy Bridges as Chair and Director, and Shelly P Pisors as President and Director, with all board members serving without compensation.

Focus Areas

Economically disadvantaged peopleLow-income peopleEducationElementary and secondary educationGraduate and professional educationBusiness educationAdult educationHealthCommunity and economic developmentEconomic developmentEmploymentJob trainingHousing developmentFinancial servicesFinancial counselingBusiness and industryEntrepreneurshipInternational human rights- Less

Geographic Focus

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Application Status

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Average Grant Size

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Sample Match Score

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Match Score measures the compatibility between your organization and this funder based on focus areas alignment (92%), geographic location preferences (85%), previous grantees similarity (88%), grant size match (78%), application process compatibility (73%), and timeline compatibility (80%).

87%
Excellent compatibility match
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Key Statistics
Total Assets $2.8M
Total Awarded This Year $3.6M
Average Grant Size $10K
Total Grants (Previous Year) 90,847
Open to New Applicants
false
% New Applicants Funded
0%
Contact Information
DETROIT, MI US
Geographic Funding Distribution

Financials

Total Assets
$2,825,546

in 2024, compared to $6,249,363 in 2023

Annual Grants
$3,594,321

371 grants awarded in 2024

Program Expenses
85%

Of total expenses go to programs

Annual Grant Distribution
Revenue vs Expenses
Assets Over Time

Grants

Grant Awards
PurposeLocation
$300,000UNITED WAY FOR SOUTHEASTERN MICHIGADetroit Financial Well-being Innovation Challenge3011 W Grand Blvd Detroit, MI US2022
$300,000UNITED WAY FOR SOUTHEASTERN MICHIGANDetroit Financial Well-being Innovation Challenge?3011 W Grand Blvd Detroit, MI US2023
$300,000UNITED WAY FOR SOUTHEASTERN MICHIGANDetroit Financial Well-being Innovation Challenge + Tech United3011 W Grand Blvd Detroit, MI US2024
$115,336Business Leaders for Michigan2023 Annual Director Contribution600 Renaissance Center Suite 1760 Detroit, MI US2024
$110,900Business Leaders for Michigan2022 Annual Director Contribution600 Renaissance Center Suite 1760 Detroit, MI US2023
$100,000Detroit Regional PartnershipDetroit Regional Partnership's Talent Solution's costs associated with COVID-19 Relief1001 Woodward Detroit, MI US2022
$100,000Los Angeles Brotherhood Crusade - Black United Fund IncBoys and Young of Men of Color Trauma-Informed Youth Development Mentoring and Job Readiness Program200 East Slauson Avenue Los Angeles, CA US2023
$100,000Detroit Regional Partnership FoundationDetroit Regional Partnership Foundation general operations support1001 Woodward Suite Detroit, MI US2023
$100,000Greater Dallas Momentum FoundationTomorrow Fund Contribution500 North Akard Street Suite 2600 Dallas, TX US2023
$100,000Los Angeles Brotherhood Crusade - Black United Fund IncMovin' On Up: Brotherhood Crusade Equitable Workforce Development Program200 East Slauson Avenue Los Angeles, CA US2024
1065 row(s) total.

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People

Leadership & Staff

Compensation data from most recent available 990 forms

Title
WB
Wendy Bridges
Chair & Director$02022
SP
Shelly Pisors
President & Director$02022
SK
Stanislava Kostova
Treasurer$02022
JP
Jennifer Perry
Corporate Secretary$02022
NG
Nicole Gersch
Assistant Corporate Secretary$02022
SJ
Susan Joseph
Director$02022
MM
Michael Moco
Director$02022
JO
Jay Oberg
Director$02022
MO
Mauricio Ortiz
Director$02022
MR
Michael Ritchie
Director$02022
31 row(s) total.

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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer

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Last updated on December 15, 2024