Louis G Kaufman Endowment Fund
EIN 386048505About
THE LOUIS G KAUFMAN ENDOWMENT FUND (THE "FUND") IS A CHARITABLE TRUST THAT IS RECOGNIZED AS EXEMPT FROM FEDERAL TAX UNDER SECTION 501(C)(3) AND IS CLASSIFIED AS A PRIVATE FOUNDATION UNDER SECTION 509(A). THE ADVISORY BOARD TO THE FUND SOUGHT COURT APPROVAL TO ESTABLISH A NOT-FOR-PROFIT CORPORATION IN ORDER TO IMPROVE TRANSPARENCY, RESTATE ITS PURPOSE MORE SUCCINCTLY AND ENABLE USE OF MODERN PORTFOLIO MANAGEMENT. A NOT-FOR-PROFIT CORPORATION, THE L G KAUFMAN ENDOWMENT FOUNDATION (THE "FOUNDATION") HAS BEEN CREATED AS SUCCESSOR TO THE FUND. THE FOUNDATION IS EXEMPT FROM FEDERAL TAX UNDER SECTION 501(C)(3) AND IS CLASSIFIED AS A PRIVATE FOUNDATION UNDER SECTION 509(A). THE ADVISORY BOARD FOR THE FUND HAS BECOME THE BOARD OF TRUSTEES FOR THE FOUNDATION. PURSUANT TO IRC SECTION 507(B)(2), THE LOUIS G KAUFMAN ENDOWMENT FUND HAS TRANSFERRED ALL OF ITS ASSETS TO THE L G KAUFMAN ENDOWMENT FOUNDATION. THIS TRANSFER WAS MADE BY ORDER OF THE PROBATE COURT, WHICH RESTRICTS THE BOARD OF TRUSTEES FROM CHANGING THE PURPOSES OF THE FOUNDATION, A COPY OF WHICH IS ATTACHED. THE MAJORITY OF ASSETS WERE TRANSFERRED ON DECEMBER 29, 2016, WITH THE FINAL DISTRIBUTION OCCURRING ON DECEMBER 30, 2016. SEE STATEMENT 7 FOR MORE INFORMATION ABOUT THE ASSET TRANSFER. IN ACCORDANCE WITH PUBLICATION 4779 NO TERMINATION TAX IS DUE FROM THE FUND, AND THE FOUNDATION WILL ACQUIRE ALL OF THE TAX ATTRIBUTES ASSOCIATED WITH THE TRANSFERRED ASSETS, INCLUDING THE DISTRIBUTION REQUIREMENTS AND HISTORY.
Focus Areas
Application Information
Grant Size Distribution
Based on 19 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (19 total)
| Purpose | ||||
|---|---|---|---|---|
| Marquette Area Public Schools | Marquette, MI | $32,900 | 12TH GRADE SCHOLARSHIPS | 2016 |
| Marquette Area Public Schools | Marquette, MI | $20,000 | 8TH GRADE SCHOLARSHIPS | 2016 |
| Marquette Area Public Schools | Marquette, MI | $20,000 | GRAVERAET SCHOOL CAFETERIA PROJECT | 2016 |
| Marquette Regional History Center | Marquette, MI | $12,500 | PLEDGE PAYMENT CAPITAL CAMPAIGN | 2016 |
| City of Marquette Police Department | Marquette, MI | $10,000 | SCHOOL LIAISON/YOUTH SERVICES OFFICER PROGRAM | 2016 |
| Bay Cliff Health Camp | Big Bay, MI | $3,000 | YOUTH SERVICES | 2016 |
| Marquette Area Public Schools | Marquette, MI | $3,000 | WINTER COATS FOR NEEDY STUDENTS | 2016 |
| Marquette Area Public Schools | Marquette, MI | $2,500 | PROJECT GRADUATION | 2016 |
| North Star Public School Academy | Marquette, MI | $2,100 | 12TH GRADE SCHOLARSHIPS | 2016 |
| Salvation Army | Marquette, MI | $2,000 | CHEER CLUB | 2016 |
| Women'S Center | Marquette, MI | $2,000 | YOUTH SERVICES | 2016 |
| Father Marquette Catholic Schools | Marquette, MI | $1,500 | 8TH GRADE SCHOLARSHIPS | 2016 |
| North Star Public School Academy | Marquette, MI | $1,500 | 8TH GRADE SCHOLARSHIPS | 2016 |
| Ishpeming Public School District | Ishpeming, MI | $1,000 | "DO IT FOR DANIEL" DOCUMENTARY | 2016 |
| Marquette Area Public Schools | Marquette, MI | $1,000 | KAUFMAN COURTYARD | 2016 |
| Marquette Area Public Schools | Marquette, MI | $1,000 | LYCEUM SERIES | 2016 |
| Marquette City Band | Marquette, MI | $1,000 | UPCOMING CONCERT SEASON | 2016 |
| Superior Arts Youth Theater | Marquette, MI | $1,000 | MUSICAL FUNDING | 2016 |
| Upper Peninsula Childrens Museum | Marquette, MI | $1,000 | PROGRAM FUNDING | 2016 |