NonprofitsInvest Detroit Foundation

Community Improvement & Capacity Building

Invest Detroit Foundation

DETROIT, MI

Total revenue

$32.4M

Total expenses

$22.2M

Net assets

$144.5M

Grants received

$58.1M

69 grants

EIN

271927369

Tax year

2024

Mission

The idf loan programs provide funding, generally in the form of loans, to qualified applicants to encourage revitalization and development. In concert with operating the loan programs, idf also conducts programmatic activities that include planning, spearheading and developing strategies for urban revitalization.

Programs

2 programs

Supporting high tech and entrepreneur activity.

Expenses: $1.4M

Supporting inclusive neighborhood revitalization through strategic interventions.

Expenses: $2.1MGrants: $163K

Financials

FY 2024

Revenue

Contributions & grants$24.0M
Program service revenue$6.4M
Investment income$2.0M
Other revenue
Total revenue$32.4M

Expenses

Grants paid$766K
Salaries & benefits$8.7M
Fundraising
Other expenses$12.7M
Total expenses$22.2M
Total assets$208.6M
Net assets$144.5M

People

25 listed

NameRoleCompensation

DAVID BLASZKIEWICZ

PRESIDENT & CEO

Board

$454K

30 hrs/wk

CARRIE LEWAND-MONROE

CHIEF OPERATING OFFICER

Board

$265K

30 hrs/wk

AMBER GLADNEY

ASSISTANT SECRETARY

Board

$157K

40 hrs/wk

CHRIS RIZIK

DIRECTOR

Board

1 hrs/wk

ALAN S SCHWARTZ

DIRECTOR

Board

1 hrs/wk

LAURA TRUDEAU

DIRECTOR

Board

1 hrs/wk

LARRY BRINKER JR

DIRECTOR

Board

1 hrs/wk

MATTHEW P CULLEN

CHAIRMAN

Board

1 hrs/wk

BRENDA LAWRENCE

DIRECTOR

Board

1 hrs/wk

PAUL MOZAK

DIRECTOR

Board

1 hrs/wk

RICHARD A MANOOGIAN

DIRECTOR - PART YEAR

Board

1 hrs/wk

PAUL TRULIK

SECRETARY/TREASURER

Board

1 hrs/wk

MICHAEL LAND

DIRECTOR

Board

1 hrs/wk

RODERICK D GILLUM

VICE CHAIRMAN

Board

1 hrs/wk

JOANN CHAVEZ

DIRECTOR

Board

1 hrs/wk

ANTOINE M GARIBALDI PHD

DIRECTOR

Board

1 hrs/wk

WENDY LEWIS JACKSON

DIRECTOR

Board

1 hrs/wk

DONALD KUNZ

CORPORATE DEPARTMENT CHAIR

Board

1 hrs/wk

CHARLES G MCCLURE

DIRECTOR

Board

1 hrs/wk

DAN NISSENBAUM

DIRECTOR

Board

1 hrs/wk

PATRICIA GLAZA

EXECUTIVE VICE PRESIDENT, VENTURE

Staff

$262K

40 hrs/wk

KEONA COWAN

CHIEF LENDING OFFICER

Staff

$262K

30 hrs/wk

DANIELLE GRACEFFA

GENERAL COUNSEL

Staff

$243K

40 hrs/wk

MARTIN DOBER

SENIOR VICE PRESIDENT, VENTURE

Staff

$215K

40 hrs/wk

JAMIE GEARY

CHIEF ACCOUNTING OFFICER

Staff

$210K

40 hrs/wk

Independent contractors

OLIVER HATCHER CONSTRUCTION

GENERAL CONTRACTOR

$470K

LIFELINE GLOBAL CONSULTING

CONSULTING SERVICES

$318K

OFFICESCAPES OF DENVER LLC

DESIGN SERVICES

$318K

URGE IMPRINT LLC

CONSULTING SERVICES

$300K

DETROIT TECHNOLOGY SOLUTIONS INC

CONSULTING SERVICES

$288K

Grants received

Showing 69 of 69

FromAmountPurposeYear
$2M
Strategic Neighborhood Fund 3
2024
$1.0M
COMMUNITY IMPROVEMENT & CAPACITY BUILDING
2024
$1M
Advancing Inclusive High-Growth Entrepreneurship
2024
$620K
PROJECT SUPPORT GRANT FOR THE SECOND ROUND OF FUNDING FOR THE DETROIT STRATEGIC NEIGHBORHOOD FUND
2024
$300K
GENERAL OPERATING SUPPORT
2024
$250K
GENERAL SUPPORT
2024
$200K
GENERAL OPERATING SUPPORT
2024
$100K
STRATEGIC NEIGHBORHOOD FUND 3
2024
$25K
GENERAL OPERATING SUPPORT
2024
$2.5M
THIS GRANT PROVIDES CONTINUED PROJECT SUPPORT FOR THE SECOND ROUND OF INVEST DETROITS STRATEGIC NEIGHBORHOOD FUND FOR EQUITABLE AND INCLUSIVE REVITALIZATION EFFORTS IN DETROITS NEIGHBORHOODS.
2023
$1M
TO SUPPORT THE STRATEGIC NEIGHBORHOOD FUND 2.0 INITIATIVE TO IMPLEMENT INCLUSIVE RECOVERY AND REVITALIZATION.
2023
$1M
FOR SUPPORT OF THE FIRST CAPITAL FUND (FCF).
2023
$500K
CORE SUPPORT TO INCREASE THE CAPACITY OF THE STRATEGIC NEIGHBORHOOD FUND TO SUPPORT THE EQUITABLE AND INCLUSIVE REVITALIZATION OF TARGETED DETROIT NEIGHBORHOODS
2023
$400K
STRATEGIC NEIGHBORHOOD FUND 2.0
2023
$375K
GENERAL OPERATING SUPPORT
2023
$300K
INVEST DETROIT REQUESTS A $300,000 GRANT TO SUPPORT THE NEXT PHASE OF INVEST DETROIT, THE CITY OF DETROIT, AND THE LVT COALITIONS LAND VALUE PROPERTY TAX REFORM WORK, INCLUDING FINALIZING DETAILS OF THE PROPOSAL AND THE LEGISLATION AND FOCUSING ON RAISING AWARENESS OF THIS PROPOSAL AND ITS POTENTIAL IMPACTS THROUGH STAKEHOLDER AND LEGISLATOR EDUCATION.
2023
$150K
JOE LOUIS GREENWAY COMMUNITY AND NEIGHBORHOOD DEVELOPMENT PLANNING
2023
$125K
PROGRAM/OPERATING SUPPORT
2023
$125K
PROGRAM/OPERATING SUPPORT
2023
$100K
THIS GRANT PROVIDES THREE YEARS OF GENERAL OPERATING SUPPORT TO INVEST DETROIT TO STRENGTHEN THE ORGANIZATION'S CAPACITY AND SUPPORT ITS WORK CATALYZING EQUITABLE DEVELOPMENT IN DETROIT.
2023
$5M
THIS GRANT PROVIDES CONTINUED PROJECT SUPPORT FOR THE SECOND ROUND OF INVEST DETROITS STRATEGIC NEIGHBORHOOD FUND FOR EQUITABLE AND INCLUSIVE REVITALIZATION EFFORTS IN DETROITS NEIGHBORHOODS.
2022
$1.5M
TO SUPPORT THE ACCESS, MENTORSHIP AND SUPPORTS TO MICHIGAN-BASED STARTUPS.
2022
$1.5M
TO SUPPORT THE STRATEGIC NEIGHBORHOOD FUND 2.0 INITIATIVE.
2022
$750K
TO SUPPORT THE STRATEGIC NEIGHBORHOOD FUND
2022
$500K
CORE SUPPORT TO INCREASE THE CAPACITY OF THE STRATEGIC NEIGHBORHOOD FUND TO SUPPORT THE EQUITABLE AND INCLUSIVE REVITALIZATION OF TARGETED DETROIT NEIGHBORHOODS
2022
$325K
INVEST DETROIT IS SEEKING A $325,000 GRANT FROM THE KRESGE FOUNDATION TO SUPPORT THE CREATION AND OPERATIONS OF AN $11 MILLION EQUITY FUND PROVIDING CAPITAL AND COMPREHENSIVE TECHNICAL ASSISTANCE FOR BLACK AND BROWN DETROIT DEVELOPERS TO SCALE THEIR BUSINESSES AND CREATE GREATER ECONOMIC IMPACT IN THE CITY.
2022
$264K
OPERATING SUPPORT
2022
$200K
THIS GRANT PROVIDES GENERAL OPERATING SUPPORT TO INVEST DETROIT TO STRENGTHEN THE ORGANIZATION'S CAPACITY AND SUPPORT ITS WORK CATALYZING EQUITABLE DEVELOPMENT IN DETROIT'S NEIGHBORHOODS.
2022
$125K
PROGRAM/OPERATING SUPPORT
2022
$125K
PROGRAM/OPERATING SUPPORT
2022
$75K
create a Michigan community development financial institutions (CDFIs) coalition to provide statewide advocacy, collaboration opportunities and collect data from Michigan CDFIs
2022
$75K
OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
2022
$50K
FAM PROGRAM TO SUPPORT BIPOC START UPS
2022
$50K
THIS GRANT SUPPORTS THE NEXT PHASE OF INVEST DETROIT AND THE CITY OF DETROIT'S RESEARCH AND ASSESSMENT.
2022
$40K
THIS GRANT PROVIDES INVEST DETROIT WITH FUNDING FOR RESEARCH AND ANALYSIS THAT WILL SUPPORT AN ASSESSMENT BY THE CITY OF DETROIT'S CFO.
2022
$40K
SPLIT-RATE TAX RESEARCH PROJECT
2022
$1.5M
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2021
$300K
Support of economic growth in underserved communities and markets in Detroit through investments in inclusive housing, safe and livable neighborhoods, and equal opportunities for jobs and business growth.
2021
$300K
Support of economic growth in underserved communities and markets in Detroit through investments in inclusive housing, safe and livable neighborhoods, and equal opportunities for jobs and business growth.
2021
$150K
create a Michigan community development financial institutions (CDFIs) coalition to provide statewide advocacy, collaboration opportunities and collect data from Michigan CDFIs
2021
$100K
provide general operating support to help the organization advance its mission of encouraging and sparking economic growth in underserved communities and markets in Detroit and the region
2021
$15M
For grant recipient's exempt purposes
2020
$3M
SEE PART XV, SUPPLEMENTARY INFORMATIONRECIPIENT 112THE PURPOSE OF THIS GRANT IS TO SUPPORT THE STRATEGIC NEIGHBORHOOD FUND 2.0 INITIATIVE TO IMPLEMENT INCLUSIVE RECOVERY AND REVITALIZATION IN 10 DETROIT NEIGHBORHOODS TO CREATE LIVABLE, WALKABLE, VIBRANT NEIGHBORHOODS FOR ALL DETROITERS.
2020
$2M
COMMUNITY & HUMAN SERVICES
2020
$1.8M
THIS GRANT PROVIDES CONTINUED PROJECT SUPPORT FOR THE SECOND ROUND OF INVEST DETROITS STRATEGIC NEIGHBORHOOD FUND FOR EQUITABLE AND INCLUSIVE REVITALIZATION EFFORTS IN DETROITS NEIGHBORHOODS.
2020
$1.5M
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2020
$1.5M
SEE PART XV, SUPPLEMENTARY INFORMATIONRECIPIENT 111TO SUPPORT THE FIRST CAPITAL FUND (FCF) TO INVEST EARLY-STAGE SEED FUNDING IN HIGH-GROWTH TECHNOLOGY START-UPS IN SEMI
2020
$750K
STRATEGIC NEIGHBORHOOD FUND
2020
$500K
Core support for the Strategic Neighborhood Fund to support the equitable and inclusive revitalization of targeted Detroit neighborhoods
2020
$500K
SMALL BUSINESS RENT RELIEF
2020
$400K
GENERAL OPERATING SUPPORT
2020
$400K
GENERAL OPERATING SUPPORT
2020
$400K
STRATEGIC NEIGHBORHOOD FUND 2.0
2020
$212K
SMALL BUSINESS LOAN RELIEF
2020
$209K
PROJECT SUPPORT FOR INVEST DETROIT TO LEAD THE COORDINATION OF A PUBLIC-PRIVATE PARTNERSHIP TO REVIEW DETROITS APPROACH TO MUNICIPAL FINANCE AND COLLABORATE WITH THE LINCOLN INSTITUTE OF LAND POLICY FOR AN ANALYSIS OF THE POTENTIAL ECONOMIC IMPACT OF A SPLIT-RATE PROPERTY TAX SYSTEM FOR THE CITY OF DETROIT.
2020
$200K
THIS GRANT PROVIDES GENERAL OPERATING SUPPORT TO INVEST DETROIT TO STRENGTHEN THE ORGANIZATION'S CAPACITY AND SUPPORT ITS WORK CATALYZING EQUITABLE DEVELOPMENT IN DETROIT'S NEIGHBORHOODS.
2020
$150K
TECH STARTUP STABILIZATION FUND
2020
$25K
TO SUPPORT THE DETROIT SMALL BUSINESS STABILIZATION FUND
2020
$174K
expand equitable community development, in the target areas of the joint Invest Detroit Foundation-City of Detroit Neighborhood Strategic Fund, through the greater use of Detroit-led developers, Detroit business-owners, hiring of Detroiters and effective resident engagement
2019
$10
GENERAL OPERATING SUPPORT
2019
$2M
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2018
$125K
PROGRAM/OPERATING SUPPORT
2018
$5K
TO SUPPORT THE COMMUNITY
2018
$50
GENERAL OPERATING SUPPORT
2018
$426K
expand equitable community development, in the target areas of the joint Invest Detroit Foundation-City of Detroit Neighborhood Strategic Fund, through the greater use of Detroit-led developers, Detroit business-owners, hiring of Detroiters and effective resident engagement
2017

Funded by

$58.1M from 20 funders · 69 grants · 2017–2024

The Ralph C Wilson Jr Foundation

$12.5M · 8 grants · 2020–2024

The Kresge Foundation

$11.7M · 13 grants · 2020–2024

Jpmorgan Chase Foundation

$5.0M · 5 grants · 2018–2021

Gs Donor Advised Philanthropy Fund

$3M · 2 grants · 2020–2022

Community Foundation For Southeast

$1.9M · 4 grants · 2020–2024

The Ford Foundation

$1.8M · 4 grants · 2020–2024

Hudson-Webber Foundation

$1.6M · 6 grants · 2020–2024

Details

EIN271927369
NTEE codeS30
Subsection03
Ruling date2010-10
Formed2010
Employees58
Volunteers16
INVEST DETROIT FOUNDATION — Mission, Financials & Grants Received | Grantivo