About Flagstar Foundation
Flagstar Foundation concentrates its philanthropy on place-based community and economic development in the Detroit region, directing large, unrestricted gifts to intermediary organizations that drive neighborhood revitalization and business growth. Their grants support capacity and programmatic work of local development partners rather than many small direct-service nonprofits, indicating a strategy of leveraging established institutions to catalyze broader community impact.
Focus Areas
Detroit neighborhood revitalization and community developmentCommunity development finance and CDFI supportSmall business and entrepreneurship support in DetroitAffordable housing preservation and rehabilitation (via intermediaries)
Who They Fund
Pontiac residents / local communityjob seekers / workforce entrantslow- and moderate-income tax filersartists and cultural organizations
Giving Approach
About Flagstar Foundation
Flagstar Foundation Inc’s recent grantmaking is anchored in Detroit-region community and economic development, with two $500,000 grants in 2023 to Local Initiatives Support Corporation (LISC) Detroit Program in New York, NY and Invest Detroit in Detroit, MI. Those awards point to a strategy that relies on intermediary organizations to move capital into neighborhood revitalization, business growth, and related local systems work. The foundation’s giving is also organized around place-based initiatives such as the Pontiac Funders Collaborative, alongside support for community development finance, affordable housing preservation and rehabilitation, and small business and entrepreneurship in Detroit. Recent grants show a mix of unrestricted or general-support style awards and program-specific funding. Larger awards go to established entities that can coordinate broader civic and economic outcomes, while smaller grants extend to workforce readiness, financial capability, VITA, and arts organizations. Recipients include Community Foundation for Southeast Michigan, Community Economic Development Association of Michigan, United Way of South Central Michigan, Per Scholas Inc, and Saugatuck Center for the Arts Inc. The pattern suggests a funder that favors institutional partners, collaborative vehicles, and capacity-building grants over numerous direct service awards.
What Flagstar Foundation Funds
Workforce readiness is one clear thread. In 2025, Flagstar Foundation Inc gave $50,000 to New York City Employment and Training Coalition Inc in New York, NY for WORKFORCE READINESS and $50,000 to Per Scholas Inc in Bronx, NY for the same purpose. The foundation also supported Cleveland Hearing and Speech Center in Cleveland, OH, Spanish American Committee for Better Community in Cleveland, OH, St George Theatre Restoration Inc in Staten Island, NY, Services to Enhance Potential in Dearborn, MI, and United Way of Long Island in Deer Park, NY with workforce-oriented grants. Financial capability is another recurring line of support. The foundation gave $50,000 to Community Economic Development Association of Michigan in Lansing, MI, $50,000 to Ariva Inc in Bronx, NY, $50,000 to El Nido Family Centers in Los Angeles, CA, and $50,000 to United Way of South Central Michigan in Kalamazoo, MI for FINANCIAL CAPABILITY. It also made a $50,000 grant to Hispanic Unity of Florida Inc in Hollywood, FL for FINANCIAL CAPABILITY - VITA, showing an interest in free tax preparation and related financial services.
Financial Snapshot
Annual Giving
$3M
Total Assets
$16M
Total Revenue
$1M
Total Expenses
$3.2M
Typical Grant Size
Most grants fall between $5K and $25K, with a median of $15K.
25th Percentile
$5K
Median
$15K
75th Percentile
$25K
Geographic Reach
National18 states funded
Funding intensity
LowHigh
Headquarters
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