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Richard & Jane Manoogian Foundation

Profile

Last Updated: 2016-07-17

At A Glance

Richard & Jane Manoogian Foundation

21001 Van Born Rd.

Taylor, MI United States 48180-1300

Telephone: 3132748799

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2015-06-30)

Assets: $90,959,251

Total giving: $37,232,732

EIN

382531814

BRIDGE Number

2272362825

Background

Established in 1984 in MI - Richard Manoogian joined Masco Corporation in 1958. He was elected chairman and chief executive director in 1964 and took over leadership of the company in 1968 when he was named president and chief executive officer. He became chairman in 1985. Originally known as the Masco Screw Products Company, Masco had been founded by Richard's father, Alex Manoogian, eight days before the U.S. stock market crash of 1929. The primary business was manufacturing machined automotive parts. The company later expanded operations into the building and home improvement industries.

Purpose and Activities

Giving primarily for the arts, with emphasis on an art museum; funding also for education, health care, human services, community development, and federated giving programs.

Fields of Interest

Subjects
  • Arts and culture
  • Child welfare
  • Community and economic development
  • Diseases and conditions
  • Education
  • Foundations
  • Higher education
  • Historic preservation
  • Human services
  • Museums
  • Natural resources
  • Nonprofits
  • Orchestral music
  • Performing arts
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students
Organizations
  • Associations
  • Community foundations
  • Foundations
  • Public charities

Financial Data

Year ended 2015-06-30

Assets: $90,959,251 (market value)

Expenditures: $39,720,785

Total giving: $37,232,732

Qualifying distributions: $109,650,297