Form 990-PF for tax year 2023

Totals

Total revenue

$136,688,464

Total expenses

$208,041,517

Contributions and grants received

$5,000

Contributions, gifts and grants paid

$173,381,154

Fair market value of assets, end of year

$3,715,683,048

Listed in Part VIII

Compensation is as filed in Part VIII of the Form 990-PF: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.

Grants paid on this return

Grants paid, cash basis (Part I, line 25, column (d))

$166,837,865

As filed, and sometimes filed as 0.

Grants paid, Part XV total (line 3a)

$166,837,865

The foundation's own total of the grants it itemizes.

These are the grants the foundation paid during the year. The “Contributions, gifts and grants paid” total above is the figure on the foundation's books. This return marks the accrual method, under which a grant is recorded when the foundation commits to it rather than when it pays, so the books total need not agree with the cash figures in this section: a grant promised one year and paid in another is counted in different years.

• Michigan State University

  $15,000,000

  East Lansing, MI

  To implement and research the impact of an innovative prenatal and infant cash allowance initiative that seeks to advance health equity by proactively addressing maternal and infant economic instability.

• School District of the City of Flint

  $14,000,000

  Flint, MI

  To support the renovation of a K-8 education campus in Flint that prioritizes early childhood and community based supports for children and families.

• Foundation for the Uptown Reinvestment Corporation

  $12,750,000

  Flint, MI

  To support the expansion of Michigan State University's downtown Flint campus footprint for additional public health expertise and enhanced vibrancy of the Health and Wellness District.

• Community Foundation of Greater Flint

  $6,680,000

  Flint, MI

  To support the delivery of a full-service community schools strategy, including an afterschool program, to ensure Flint kids have opportunities to thrive.

• Foundation for the Uptown Reinvestment Corporation

  $5,500,000

  Flint, MI

  To support the construction of a mixed-use facility to provide affordable housing and health and wellness opportunities for Flint area residents.

• After-School All-Stars

  $5,000,000

  Los Angeles, CA

  To expand access to high-quality afterschool programs through supporting the After-School All-Stars' Growth and Impact Endowment Fund.

• Foundation for the Flint Cultural Center

  $4,000,000

  Flint, MI

  To strengthen the capacity of the Flint Cultural Center institutions (the Flint Institute of Music, including The Whiting and the Capitol Theatre; the Flint Institute of Arts; and Flint Institute of Science and History).

• Genesee Area Focus Fund Inc

  $3,730,000

  Flint, MI

  To support economic development and education programs in Genesee County.

• Communities First Inc

  $3,000,000

  Flint, MI

  To support the renovation of a historic building in downtown Flint, contributing to blight remediation and economic development.

• Kettering University

  $3,000,000

  Flint, MI

  To raise awareness about the institutional strengths and educational opportunities for students seeking STEM degrees at Kettering University.

The 10 largest to organizations. The API serves every grant row.

Provenance

Return type

form_990_pf

Tax year

2023

Filed

12 November 2024

IRS schema version

2023v5.1

Source object

202423179349102547

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