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    3. Foundation for Detroit'S Future

    Foundation for Detroit'S Future

    ActiveCommunity Improvement
    DETROIT, MI3139616675EIN: 46-48731533 filings on record
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    About Foundation for Detroit'S Future

    The Foundation for Detroit's Future directs virtually all of its funding to support the City of Detroit itself, with a clear emphasis on shoring up municipal fiscal obligations—specifically contributions to the city’s general retirement (pension) system. Its giving is place-based and institutionally focused, aimed at stabilizing public sector finances and protecting retirement benefits for city employees and retirees.

    Focus Areas

    Municipal pension and retirement system support (City of Detroit General Retirement System)Municipal fiscal stability and city government financial health in DetroitPublic employee benefits preservation for Detroit city workforce

    Who They Fund

    retired police officers (City of Detroit)retired firefighters (City of Detroit)retired general municipal employees (City of Detroit)City of Detroit public-sector retirees (health care beneficiaries)

    Giving Approach

    Highly concentrated: almost all dollars go to a single recipient (City of Detroit) across multiple grants; large, targeted disbursements intended to address a specific fiscal need rather than broadly distributed program support.

    About Foundation for Detroit'S Future

    Foundation for Detroit's Future’s defining pattern is a three-year series of large, earmarked payments to the City of Detroit for prior police and fire retirement systems. The foundation’s recent giving centers on municipal pension and retiree benefit obligations, with all listed grants going to one recipient in Detroit. That makes its profile unusually focused: instead of spreading funds across many organizations, it repeatedly supports the city’s retirement-related liabilities and health care trusts. The scale is substantial even within that narrow mission. In the recent grants list, the City of Detroit received repeated seven-figure awards for police and fire retirement systems, alongside smaller but still recurring support for the city’s general retirement system and health care trusts. The grant purposes point to institutional support for public-sector retirement and benefits administration rather than project-based programming. This is place-based grantmaking tied to Detroit’s fiscal structure. The foundation’s funding pattern shows continuity over multiple years, with the same recipient appearing across 2023, 2024, and 2025 for related retirement and benefits obligations.

    What Foundation for Detroit'S Future Funds

    A central cause area is police and fire retirement support. In 2023, 2024, and 2025, the foundation gave $18,300,000 each year to City of Detroit for prior police and fire retirement systems. That pattern shows a sustained commitment to a specific municipal obligation rather than a one-time intervention. It also supports the broader retirement infrastructure for city employees. The City of Detroit received $375,000 in each of 2023, 2024, and 2025 for the prior general retirement system, indicating repeated support for the city’s retirement obligations beyond public safety workers. A third area is retiree health coverage. The foundation gave $175,000 in each of 2023, 2024, and 2025 for City of Detroit health care trusts, linking its grantmaking to benefits preservation for public-sector retirees.

    How Foundation for Detroit'S Future Gives

    Typical grant sizes are skewed upward: the 25th percentile is $225,000, the median is $375,000, and the 75th percentile is $13,818,750. That spread reflects a structure with a few very large institutional awards and several smaller recurring payments. The same recipient appears in multiple years, showing a repeating pattern rather than isolated grants. The foundation is not an individual-giving funder and does not make program-related investments, which fits its institutional, earmarked support model.

    Financial Snapshot

    Annual Giving

    $18.9M

    Total Assets

    $47.9M

    Total Revenue

    $22.5M

    Total Expenses

    $18.9M

    Typical Grant Size

    Most grants fall between $225K and $13.8M, with a median of $375K.

    25th Percentile

    $225K

    Median

    $375K

    75th Percentile

    $13.8M

    Geographic Reach

    Local1 state funded

    About 100% of grants go to recipients in MI.

    Funding intensity
    Low
    High
    Headquarters

    Leadership

    RICHARD L DEVORE

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    Funding Style

    designated/earmarked supportinstitutional supportoperational/benefits funding

    Notable grantees: City of Detroit

    Topics

    pension system supportretiree health-care trust fundingmunicipal employee retirement stabilizationpublic-sector benefits administration

    Where Foundation for Detroit'S Future Makes Grants

    Grantmaking is entirely local and entirely in Michigan. Every listed grant goes to Detroit, with the City of Detroit appearing as the recipient for all nine grants in the recent list. The recipient country distribution is fully U.S.-based, with 100% of grants landing in the United States. The pattern is city-specific rather than statewide or national.

    Frequently Asked Questions About Foundation for Detroit'S Future

    What does Foundation for Detroit's Future mainly fund?

    It mainly funds City of Detroit retirement and benefits obligations. The recent grants list shows repeated support for prior police and fire retirement systems, the prior general retirement system, and health care trusts, all directed to the City of Detroit in Detroit, MI.

    Does the foundation give to many different organizations?

    No. In the recent grants list, every grant goes to the City of Detroit. The same recipient appears across 2023, 2024, and 2025, which shows a highly concentrated funding pattern.

    What are the typical grant sizes?

    The grant-size distribution is wide but centered on sizable awards: p25 is $225,000, median is $375,000, and p75 is $13,818,750. That mix indicates a few very large payments alongside recurring smaller grants.

    Where does the foundation give geographically?

    Its giving is local and entirely in Michigan. All listed grants are to Detroit-based recipients, and 100% of the grants in the recent list go to U.S. recipients.

    Are the grants recurring or one-time awards?

    They are recurring. The City of Detroit appears in 2023, 2024, and 2025 for the same general categories of support, including prior police and fire retirement systems, the prior general retirement system, and health care trusts.

    Latest 990 Filing

    2025

    Source: IRS Form 990-PF, fiscal year 2025.

    Recent Grants

    Most recent grants reported to the IRS.

    RecipientLocationAmountYearPurpose
    CITY OF DETROITDETROIT, MI$18,300,0002025SUPPPORT FOR CITY OF DETROIT PRIOR POLICE AND FIRE RETIREMENT SYSTEMS
    CITY OF DETROITDETROIT, MI$375,0002025SUPPORT FOR CITY OF DETROIT PRIOR GENERAL RETIREMENT SYSTEM
    CITY OF DETROITDETROIT, MI$175,0002025SUPPORT FOR CITY OF DETROIT HEALTH CARE TRUSTS
    CITY OF DETROITDETROIT, MI$18,300,0002024SUPPPORT FOR CITY OF DETROIT PRIOR POLICE AND FIRE RETIREMENT SYSTEMS
    CITY OF DETROITDETROIT, MI$375,0002024SUPPORT FOR CITY OF DETROIT PRIOR GENERAL RETIREMENT SYSTEM
    CITY OF DETROITDETROIT, MI$175,0002024SUPPORT FOR CITY OF DETROIT HEALTH CARE TRUSTS
    CITY OF DETROITDETROIT, MI$18,300,0002023SUPPORT FOR CITY OF DETROIT PRIOR POLICE AND FIRE RETIREMENT SYSTEMS
    CITY OF DETROITDETROIT, MI$375,0002023SUPPORT FOR CITY OF DETROIT PRIOR GENERAL RETIREMENT SYSTEM
    CITY OF DETROITDETROIT, MI$175,0002023SUPPORT FOR CITY OF DETROIT HEALTH CARE TRUSTS

    CITY OF DETROIT

    $18,300,000
    DETROIT, MI2025

    SUPPPORT FOR CITY OF DETROIT PRIOR POLICE AND FIRE RETIREMENT SYSTEMS

    CITY OF DETROIT

    $375,000
    DETROIT, MI2025

    SUPPORT FOR CITY OF DETROIT PRIOR GENERAL RETIREMENT SYSTEM

    CITY OF DETROIT

    $175,000
    DETROIT, MI2025

    SUPPORT FOR CITY OF DETROIT HEALTH CARE TRUSTS

    CITY OF DETROIT

    $18,300,000
    DETROIT, MI2024

    SUPPPORT FOR CITY OF DETROIT PRIOR POLICE AND FIRE RETIREMENT SYSTEMS

    CITY OF DETROIT

    $375,000
    DETROIT, MI2024

    SUPPORT FOR CITY OF DETROIT PRIOR GENERAL RETIREMENT SYSTEM

    CITY OF DETROIT

    $175,000
    DETROIT, MI
    2024

    SUPPORT FOR CITY OF DETROIT HEALTH CARE TRUSTS

    CITY OF DETROIT

    $18,300,000
    DETROIT, MI2023

    SUPPORT FOR CITY OF DETROIT PRIOR POLICE AND FIRE RETIREMENT SYSTEMS

    CITY OF DETROIT

    $375,000
    DETROIT, MI2023

    SUPPORT FOR CITY OF DETROIT PRIOR GENERAL RETIREMENT SYSTEM

    CITY OF DETROIT

    $175,000
    DETROIT, MI2023

    SUPPORT FOR CITY OF DETROIT HEALTH CARE TRUSTS