Cronin Foundation

Organization Overview

Cronin Foundation is located in Marshall, MI. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cronin Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Cronin Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.4% each year . All expenses for the organization totaled $818.0k during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Cronin Foundation has awarded 26 individual grants totaling $1,546,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION'S ONLY ACTIVITY IS MAKING GRANTS WHICH DO NOT REQUIRE SIGNIFICANT INVOLVEMENT


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $198
Dividends & Interest $453,488
Net Rental Income$0
Net Gain on Sale of Assets $928,545
Capital Gain Net Income $928,545
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $1,382,231

Grants Awarded

Over the last fiscal year, Cronin Foundation has awarded $765,000 in support to 12 organizations.

Grant RecipientAmount

OAKLAWN HOSPITAL

PURPOSE: 80 YEARS OF CARING GRANT

$400,000

KELLOGG COMMUNITY COLLEGE

Org PageRecipient Profile

Battle Creek, MI

PURPOSE: EASTERN ACADEMIC CAMPUS ADDITIONS FINAL YEAR

$200,000

BRASS BAND OF BATTLE CREEK

Org PageRecipient Profile

Marshall, MI

PURPOSE: BAND PERFORMANCES AT MARSHALL MIDDLE SCHOOL

$30,000

CITY OF MARSHALL

PURPOSE: OUTDOOR SEATING FOR SOCIAL DISTANCE PROJECT

$25,000

FRANKE CENTER FOR THE ARTS

PURPOSE: 2021-2022 PROGRAMS

$25,000

REGION 3B AREA AGENCY ON AGING

Org PageRecipient Profile

Battle Creek, MI

PURPOSE: EXPANSION PROJECT

$20,000
View Grant Profile

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