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Filing year 2024

COMERICA CHARITABLE TRUST

Detroit, Michigan·EIN 65-1259308·NTEE T30 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$22.6M
Total assets
$87.1M
Total expenses
$22.2M
Reported officers
1
Mission

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 ORGANIZATION'S DISCRETION FOR THOSE CONTRIBUTIONS OVER WHICH IT HAS RETAINED VARIANCE POWER.

Reported officers (all unpaid)

No paid executives reported in 2024. COMERICA CHARITABLE TRUST reported 1 unpaid officer or board member on its 990.

Trustee

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Financial trend

Revenue and expenses over time

COMERICA CHARITABLE TRUST reported revenue and expenses across 3 filing years.

RevenueExpenses
$13M
$16.6M
2022
$10.8M
$11.2M
2023
$22.6M
$22.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Michigan

COMERICA CHARITABLE TRUST reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Michigan earns a median of $25,000.

25th percentile
$7k
Median
$25,000
75th percentile
$65k
90th percentile
$147k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 732 organizations across 732 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Michigan
FAQ

Common questions about COMERICA CHARITABLE TRUST

What are COMERICA CHARITABLE TRUST's revenue and expenses?

In 2024, COMERICA CHARITABLE TRUST reported $22.6M in total revenue and $22.2M in total expenses on its IRS Form 990.

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