From public IRS filings
FOUNDATION FOR DETROITS FUTURE
DETROIT, MI · Community Improvement
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 (IRS Form 990)
Total revenue
$17.5M
Total expenses
$18.9M
Total assets
$44.2M
Program expense ratio
100%
Source: IRS Form 990, tax year 2023.
Who funds FOUNDATION FOR DETROITS FUTURE
$57.2M in foundation grants on record from 13 funders — matched from IRS 990 grant line items. Some matches may be approximate.
| Funder | Total given | Grants |
|---|---|---|
| Ford Foundation | $25M | 3 |
| Wk Kellogg Foundation | $8M | 3 |
| John S and James L Knight Foundation | $6M | 4 |
| Kresge Foundation | $5M | 1 |
| William Davidson Foundation | $3.8M | 3 |
| Fred A & Barbara M Erb Family Foundation | $2M | 4 |
| Community Foundation for Southeast Michigan | $1.7M | 3 |
| Charles Stewart Mott Foundation | $1.5M | 3 |
| Hudson-Webber Foundation | $1.5M | 3 |
| Schaap A Paul and Carol C Fd | $1M | 4 |
Leadership
RICHARD L DEVORE — PRESIDENT (Principal officer)
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