Nonprofits›Foundation For Detroits Future

Community Improvement & Capacity Building

Foundation For Detroits Future

DETROIT, MI

View as a funder

Total revenue

$22.5M

Total expenses

$18.9M

Net assets

$47.8M

Grants received

$28.2M

14 grants

EIN

464873153

Tax year

2024

Mission

To help improve the quality of life in southeast michigan primarily as the charitable entity that manages the dia settlement (commonly known as the "grand bargain") approved as part of the plan of adjustment that concluded the bankruptcy proceeding in the city of detroit.

Financials

FY 2024

Revenue

Contributions & grants$20.9M
Program service revenue—
Investment income$1.5M
Other revenue$130K
Total revenue$22.5M

Expenses

Grants paid$18.9M
Salaries & benefits—
Fundraising—
Other expenses$72K
Total expenses$18.9M
Total assets$47.9M
Net assets$47.8M

People

6 listed

NameRoleCompensation

RICHARD L DEVORE

PRESIDENT/SECRETARY

Board

—

0.5 hrs/wk

DAVID T PROVOST

CHAIR /DIRECTOR

Board

—

0.5 hrs/wk

JOHN A BARKER

TREASURER

Board

—

0.5 hrs/wk

PAUL TRULIK

VICE CHAIR /DIRECTOR

Board

—

0.5 hrs/wk

NISHKA CHANDRASOMA

DIRECTOR

Board

—

0.5 hrs/wk

JENILYN NORMAN

VP, FINANCE AND ADMINISTRATION

Board

—

0.5 hrs/wk

Grants received

Showing 14 of 14

FromAmountPurposeYear
THE KRESGE FOUNDATION
$5M
PROJECT SUPPORT FOR THE DETROIT RETIREE- ART TRUST
2024
COMMUNITY FOUNDATION FOR SOUTHEAST
$500K
COMMUNITY IMPROVEMENT & CAPACITY BUILDING
2024
COMMUNITY FOUNDATION FOR SOUTHEAST
$575K
COMMUNITY IMPROVEMENT & CAPACITY BUILDING/GENERAL OPERATIONS
2023
WK Kellogg Foundation
$2M
support, in part, a proposed settlement to assist the city of Detroit in emerging from bankruptcy by helping the city satisfy its pension obligations to retirees and to assist in preserving the Detroit Institute of Arts
2022
COMMUNITY FOUNDATION FOR SOUTHEAST
$575K
COMMUNITY IMPROVEMENT & CAPACITY BUILDING/GENERAL OPERATIONS
2022
WK Kellogg Foundation
$2M
support, in part, a proposed settlement to assist the city of Detroit in emerging from bankruptcy by helping the city satisfy its pension obligations to retirees and to assist in preserving the Detroit Institute of Arts
2021
THE KRESGE FOUNDATION
$10M
DETROIT RETIREE-ART TRUST
2020
WK Kellogg Foundation
$2M
support, in part, a proposed settlement to assist the city of Detroit in emerging from bankruptcy by helping the city satisfy its pension obligations to retirees and to assist in preserving the Detroit Institute of Arts
2020
COMMUNITY FOUNDATION FOR SOUTHEAST
$500K
DEBT SETTLEMENT PAYMENT
2020
THE FRED A & BARBARA M ERB FAMILY
$500K
PROGRAM SUPPORT
2020
COMMUNITY FOUNDATION FOR SOUTHEAST
$75K
GENERAL OPERATIONS
2020
WK Kellogg Foundation
$2M
support, in part, a proposed settlement to assist the city of Detroit in emerging from bankruptcy by helping the city satisfy its pension obligations to retirees and to assist in preserving the Detroit Institute of Arts
2019
THE FRED A & BARBARA M ERB FAMILY
$500K
GRANT
2019
WK Kellogg Foundation
$2M
support, in part, a proposed settlement to assist the city of Detroit in emerging from bankruptcy by helping the city satisfy its pension obligations to retirees and to assist in preserving the Detroit Institute of Arts
2017

Funded by

$28.2M from 4 funders · 14 grants · 2017–2024

The Kresge Foundation

$15M · 2 grants · 2020–2024

WK Kellogg Foundation

$10M · 5 grants · 2017–2022

Community Foundation For Southeast

$2.2M · 5 grants · 2020–2024

The Fred A & Barbara M Erb Family

$1M · 2 grants · 2019–2020

Details

EIN464873153
NTEE codeS20
Subsection03
Ruling date2014-03
Formed2014
Employees0
Volunteers4
FOUNDATION FOR DETROITS FUTURE — Mission, Financials & Grants Received | Grantivo