NonprofitsMillikin Severance No 2 Fund A-2

Philanthropy, Voluntarism & Grantmaking Foundations

Millikin Severance No 2 Fund A-2

BROOKLYN, OH

Total revenue

$1.1M

Total expenses

$645K

Net assets

$10.3M

Grants received

EIN

346844730

Tax year

2024

Mission

Grants are made according to Trsut agreement dated February 23,1976 .Keybank, as Trustee makes distributions to University Hospital andCase Western Reserve University to be used for the advancement ofof medical research. Under the Ohio Institutional Trust Funds Act of1999, the beneficiaries have chosen to receive the maximum of incomebased on the greater of 5% of AFV or traditional income. Keybankmaintains a responsiveness to the needs and activities of eachbeneficiary organization in the attainment of its mission. Pleasenote the charities have a right to remove the Trustee, and the Trusteehas the authority to amend the document to insure the continuation toqualify as a 509(a)3. Keybank maintains a responsiveness to the needs and activities of each beneficiary organization in the attainment of its mission.

Programs

1 program

Grants are made to Case Western Reserve University for Medical Research

Expenses: $211KGrants: $211K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue
Investment income$1.1M
Other revenue
Total revenue$1.1M

Expenses

Grants paid$563K
Salaries & benefits$79K
Fundraising
Other expenses$3K
Total expenses$645K
Total assets$10.3M
Net assets$10.3M

People

1 listed

NameRoleCompensation

Keybank N A

Trustee

Board

$79K

2 hrs/wk

Details

EIN346844730
NTEE codeT900
Subsection03
Ruling date1986-01
Formed1976
Employees0
MILLIKIN SEVERANCE NO 2 FUND A-2 — Mission, Financials & Grants Received | Grantivo