NonprofitsMillikin Severance No 2 Fd A1

Arts, Culture & Humanities

Millikin Severance No 2 Fd A1

BROOKLYN, OH

Total revenue

$1.3M

Total expenses

$417K

Net assets

$6.2M

Grants received

EIN

346844729

Tax year

2024

Mission

Grants are made according to the trust agrrement dated 2/23/1976.keybank, as trustee, makes distributions to the cleveland museumof art to make art purchases. Under the ohio institutional trustfunds act of 1999, the beneficiary has chosen to receive the maximumof income base on the greater of 5 percent of afv or traditional income.keybank maintains a responsiveness to the needs and activities ofthe beneficiary organization in the attainment of its mission. Pleasenote the charity has a right to remove the trustee, and the trusteehas the authority to amend the document to insure the continuationto qualify as a 509a3. Keybank maintains a responsiveness to the needs and activities of each beneficiary organization in the attainment of its mission

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue
Investment income$1.3M
Other revenue
Total revenue$1.3M

Expenses

Grants paid$362K
Salaries & benefits$50K
Fundraising
Other expenses$5K
Total expenses$417K
Total assets$6.2M
Net assets$6.2M

People

1 listed

NameRoleCompensation

KEYBANK N A

TRUSTEE

Board

$50K

2 hrs/wk

Details

EIN346844729
NTEE codeA110
Subsection03
Ruling date1986-01
Formed1976
Employees0
MILLIKIN SEVERANCE NO 2 FD A1 — Mission, Financials & Grants Received | Grantivo