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MIDLAND, MI

Herbert H & Grace A Dow Foundation

Quick Facts

EIN
381437485
Location
MIDLAND, MI
Category
Philanthropy & Grantmaking
Total Assets
$642.6M
Annual Income
$143.2M
IRS Ruling Year
1943
Organization Type
Trust
Principal Officer
% Herbert D Doan President
Tax Deductibility
Contributions are deductible

About This Foundation

Herbert H & Grace A Dow Foundation is a private trust based in MIDLAND, MI. The foundation received its IRS ruling in 1943. The principal officer is % Herbert D Doan President. It holds total assets of $642.6M. Annual income is reported at $143.2M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.

View 990 Filings

Financial Overview

Total Giving

$45.1M

2023+41%

Total Assets

$621.2M

2023+6%

Fair Market Value

$621.2M

2023

Net Worth

$596.7M

2023

Grants Paid

$23.5M

2023

Contributions

$2K

2023

Net Investment Income

$38.6M

2023

Distribution Amount

$29.5M

2023

Total Giving by Year

$22.7M
11
$23.1M
12
$19.7M
13
$43.3M
14
$32.2M
15
$24.9M
19
$29.5M
20
$46.4M
21
$32.1M
22
$45.1M
23

Asset Growth

$379.1M
11
$406.6M
12
$491.3M
13
$485.1M
14
$471.9M
15
$540.2M
19
$575.6M
20
$651M
21
$583.5M
22
$621.2M
23

Investment Portfolio (2023)

Total: $45.7M

Corporate Stock: $45.7M
Other Investments: $538.3M
Cash: $471K
Corporate Stock (8%)
Other Investments (92%)
Cash (0%)

Expense Breakdown (2023)

Grants Paid$23.5M
Depreciation$2.3M
Pension & Benefits$852K
Occupancy$684K
Officer Compensation$517K
Legal Fees$77K
Travel & Conferences$74K
Accounting Fees$50K
Printing & Publications$43K

Revenue Sources (2023)

Capital Gains (Net)
$21.6M
Dividends
$9.6M
Other Income
$9.3M
Business Profits
$289K
Interest
$102K
Contributions
$2K
Gross Rents
$2K

Financial Details (2023)

Total Revenue
$40.9M
Total Expenses
$45.1M
Exempt Purpose Expenses
$23.9M
Required Distribution
$29.5M
Undistributed Income
$6.9M
Grants Approved (Future)
$14.4M
Total Liabilities
$24.5M
Excise Tax
$537K

Foundation Classification (2023)

Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings

Grantmaking Insights

Total Grants

9

Total Giving

$71.2M

Average Grant

$7.9M

Median Grant

$9.1M

Total Giving by Year

$18.4M (2 grants)
20
$16.4M (2 grants)
21
$16.4M (2 grants)
22
$20M (3 grants)
23

Grant Range

Min$56K
Max$10.9M
Median: $9.1M
Smallest grantLargest grant

Openness to New Grantees (2023)

0%

of 2023 grantees were first-time recipients

Geographic Distribution of Grants

AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
MI: $71.2M (9)
NY
MA
CT
RI
OR
NV
WY
SD
IA
IL
IN
OH
PA
NJ
CA
UT
CO
NE
MO
KY
WV
VA
MD
DE
DC
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
HI
TX
MI$71.2M (9)

Past Grantees

RecipientLocationAmountYear
See AttachedVARIOUSMidland, MI$10.9M2023
See AttachedVARIOUSMidland, MI$9.1M2023
See AttachedVARIOUSMidland, MI$56K2023
See AttachedVARIOUSMidland, MI$10.7M2022
See AttachedVARIOUSMidland, MI$5.7M2022
See AttachedVARIOUSMidland, MI$9.7M2021
See AttachedVARIOUSMidland, MI$6.7M2021
See AttachedVARIOUSMidland, MI$10.2M2020
See AttachedVARIOUSMidland, MI$8.2M2020

990-PF Filings

Tax PeriodReturn TypeView
2023-12990PFView Filing
2022-12990PFView Filing
2021-12990PFView Filing
2020-12990PFView Filing
2018-12990PFView Filing
2017-12990PFView Filing
2016-12990PFView Filing
2015-12990PFView Filing

Filings sourced from IRS e-file index. View all on ProPublica

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