DETROIT, MI
Skillman Foundation
Quick Facts
- EIN
- 381675780
- Location
- DETROIT, MI
- Category
- Education
- Total Assets
- $418.5M
- Annual Income
- $697.2M
- IRS Ruling Year
- 2023
- Organization Type
- Corporation
- Tax Deductibility
- Contributions are deductible
About This Foundation
Skillman Foundation is a private corporation based in DETROIT, MI. The foundation received its IRS ruling in 2023. It holds total assets of $418.5M. Annual income is reported at $697.2M. The foundation operates in the area of education. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$29.7M
2023-14%
Total Assets
$406.2M
2023-3%
Fair Market Value
$568.4M
2023
Net Worth
$394.9M
2023
Grants Paid
$20.9M
2023
Contributions
$0
2023
Net Investment Income
$15.2M
2023
Distribution Amount
$27.7M
2023
Total Giving by Year
$23.4M
11$22M
12$24.5M
13$27.9M
14$27.7M
15$21.8M
19$21.4M
20$30.7M
21$34.6M
22$29.7M
23Asset Growth
$393.5M
11$382.7M
12$380.4M
13$407.1M
14$410.3M
15$388.1M
19$386.4M
20$412.5M
21$416.6M
22$406.2M
23Investment Portfolio (2023)
Total: $196.3M
Corporate Stock: $164.5M
Government Obligations: $31.9M
Other Investments: $194.6M
Cash: $10M
Corporate Stock (41%)
Government Obligations (8%)
Other Investments (49%)
Cash (2%)
Expense Breakdown (2023)
Grants Paid$20.9M
Officer Compensation$1.5M
Pension & Benefits$928K
Travel & Conferences$300K
Occupancy$204K
Accounting Fees$86K
Legal Fees$59K
Depreciation$15K
Printing & Publications$6K
Revenue Sources (2023)
- Capital Gains (Net)
- $19.9M
- Dividends
- $1.1M
- Other Income
- $1M
Financial Details (2023)
- Total Revenue
- $21.9M
- Total Expenses
- $29.7M
- Exempt Purpose Expenses
- $29.8M
- Required Distribution
- $27.7M
- Undistributed Income
- $8.8M
- Total Liabilities
- $11.3M
- Excise Tax
- $212K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$12.3M
Average Grant
$245K
Median Grant
$200K
Grant Range
Min$155K
Max$500K
Median: $200K
Smallest grantLargest grant
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
MI: $11.3M (46)
NY
NY: $450K (2)
MA
MA: $200K (1)
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
FL: $325K (1)
HI
TX
MI$11.3M (46)
NY$450K (2)
FL$325K (1)
MA$200K (1)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Detroit Riverfront Conservancy IncSUPPORT FOR JOE LOUIS GREENWAY AND DETROIT RIVERFRONT THROUGH THE UNIFIED GREENWAY CAMPAIGN | Detroit, MI | $500K | 2023 |
| Allied Media Projects IncSUPPORT FOR DETROIT YOUTH DEVELOPMENT RESOURCE CENTER (YDRC) | Detroit, MI | $450K | 2023 |
| Community Development Advocates Of DetroitBUILDING POWER, CONNECTIONS, AND INFLUENCE IN DETROIT'S COMMUNITY DEVELOPMENT ECOSYSTEM | Detroit, MI | $450K | 2023 |
| Detroit Employment Solutions CorporationGROW DETROIT'S YOUNG TALENT (GDYT) | Detroit, MI | $400K | 2023 |
| Invest Detroit FoundationSTRATEGIC NEIGHBORHOOD FUND 2.0 | Detroit, MI | $400K | 2023 |
| Urban Neighborhood Initiatives IncSUPPORT FOR EVERY SCHOOL DAY COUNTS | Detroit, MI | $380K | 2023 |
| Council Of Michigan Foundations IncSUPPORT FOR SKILLMAN FELLOWS PROGRAM | Detroit, MI | $367K | 2023 |
| Bme Networks2023 SKILLMAN BME VANGUARD | Hollywood, FL | $325K | 2023 |
| Detroit Children'S FundGENERAL OPERATING SUPPORT | Detroit, MI | $325K | 2023 |
| Detroit Children'S FundGENERAL OPERATING SUPPORT | Detroit, MI | $325K | 2023 |
| Detroit Public Schools FoundationDPSCD OUT-OF-SCHOOL TIME STRATEGIC PLAN | Detroit, MI | $300K | 2023 |
| Black Male Educators AllianceBMEA'S PROGRAMMING AND POLICY INITIATIVES/GENERAL OPERATING SUPPORT | Detroit, MI | $300K | 2023 |
| Michigan Association Of United WaysMICHIGAN AFTER SCHOOL PARTNERSHIP | Lansing, MI | $300K | 2023 |
| 482forwardPOST-PANDEMIC PARENT AND STUDENT POWER BUILDING IN DETROIT AND BEYOND | Detroit, MI | $275K | 2023 |
| New Paradigm For EducationNEW PARADIGM FOR EDUCATION VISIONARY LEADERSHIP | Detroit, MI | $250K | 2023 |
| Teach For America IncTEACH FOR AMERICA DETROIT, GENERAL OPERATING SUPPORT | New York, NY | $250K | 2023 |
| Detroit Academy Of Arts And SciencesDETROIT ACADEMY FOR ARTS AND SCIENCES VISIONARY LEADERSHIP | Detroit, MI | $250K | 2023 |
| Bfdi Educational Services IncHOPE ACADEMY VISIONARY LEADERSHIP | Detroit, MI | $250K | 2023 |
| Detroit 9090UNIVERSITY PREP SCHOOLS VISIONARY LEADERSHIP | Detroit, MI | $250K | 2023 |
| Wayne State UniversityDETROIT EDUCATION RESEARCH PARTNERSHIP | Detroit, MI | $246K | 2023 |
| Wayne State University Research And Technology Park In The City Of DetroitSUPPORT FOR CO.ACT DETROIT & WELL FUND | Detroit, MI | $235K | 2023 |
| Wayne State UniversityCONNECTING YOUTH SAFETY AND SCHOOL DISCIPLINE IN AND AROUND DETROIT PUBLIC SCHOOLS COMMUNITY DISTRICT HIGH SCHOOLS. | Detroit, MI | $225K | 2023 |
| Developing Kingdoms In Different StagesOST TRANSITION SUPPORT | Detroit, MI | $220K | 2023 |
| Give Merit IncOST TRANSITION SUPPORT | Detroit, MI | $214K | 2023 |
| Brilliant Detroit313READS | Detroit, MI | $200K | 2023 |
| Institute For AfrourbanismGENERAL OPERATING SUPPORT | Detroit, MI | $200K | 2023 |
| Bend The Arc-A Jewish Partnership For JusticeFUNDERS COLLABORATIVE ON YOUTH ORGANIZING | New York, NY | $200K | 2023 |
| Kipp Detroit Imani AcademyKIPP DETROIT IMANI ACADEMY OPERATING & TRANSPORTATION INITIATIVES | Detroit, MI | $200K | 2023 |
| City Year IncCITY YEAR - CHRONIC ABSENCE, CLIMATE & CULTURE, AND LITERACY SUPPORTS | Boston, MA | $200K | 2023 |
| Strategic Community PartnersLEADING WELL FOR TRANSFORMATIVE EQUITY AND JUSTICE IN DETROIT SCHOOLS | Detroit, MI | $200K | 2023 |
| Soar DetroitSOAR DETROIT LITERACY PROGRAMMING | Detroit, MI | $200K | 2023 |
| Teen HypeDETROITS YOUTH ACTION PLAN | Detroit, MI | $200K | 2023 |
| New Detroit IncA BLUEPRINT TO ADVANCE REGIONAL RACIAL & ECONOMIC EQUITY | Detroit, MI | $200K | 2023 |
| Urban Neighborhood Initiatives IncLEARNING AND LEADING IN SPRINGWELLS | Detroit, MI | $198K | 2023 |
| Council Of Michigan Foundations IncSUPPORT FOR LAUNCH MICHIGAN | Detroit, MI | $190K | 2023 |
| Developing Kingdoms In Different StagesCREATIVE & THRIVING DEVELOPING KIDS | Detroit, MI | $185K | 2023 |
| Give Merit IncDEEPENING GIVE MERIT'S IMPACT | Detroit, MI | $180K | 2023 |
| Athlete Transition Services CorpOST TRANSITION SUPPORT | Canton, MI | $179K | 2023 |
| Data Driven Detroit L3cPROJECT SUPPORT FOR DATA ACTIVITIES | Detroit, MI | $175K | 2023 |
| Hope NetworkMICHIGAN EDUCATION CORPS READING AND MATH CORPS: PROVIDING LITERACY AND MATH INTERVENTION TO DETROIT STUDENTS | Grand Rapids, MI | $175K | 2023 |
| Detroit Parent NetworkDPN PARENTS POWERED FOR POLICY CHANGE: BUILDING PARENT ENGAGEMENT AND EMPOWERMENT IN OST PROGRAMS AND POLICY | Detroit, MI | $175K | 2023 |
| Foundation For Detroit'S FutureTHIS GRANT WILL PROVIDE SUPPORT TO THE FOUNDATION FOR DETROIT'S FUTURE TO BE USED TO MAKE GRANTS TO THE CITY OF DETROIT. | Detroit, MI | $175K | 2023 |
| Marygrove ConservancyMARYGROVE THEATER ENHANCEMENT INITIATIVE | Detroit, MI | $175K | 2023 |
| Michigan College Access NetworkDCAN OPERATIONAL AND PROGRAMMATIC SUPPORT | Lansing, MI | $175K | 2023 |
| Allied Media Projects IncPEOPLE IN EDUCATION (PIE) HUMANIZING SCHOOLS AND LEADERSHIP DEVELOPMENT AND WELLNESS | Detroit, MI | $175K | 2023 |
| Ser Metro Detroit-Jobs For Progress IncOPPORTUNITY YOUTH PATHWAY TO SUCCESS | Detroit, MI | $169K | 2023 |
| Downtown Boxing Gym Youth ProgramOST TRANSITION SUPPORT | Detroit, MI | $166K | 2023 |
| Boys & Girls Clubs Of Southeastern MichiganBOYS & GIRLS CLUBS OF SOUTHEAST MICHIGAN: SUPPORTING SAFE SPACES FOR DETROIT SCHOOL CHILDREN | Farmington Hills, MI | $161K | 2023 |
| Warren Conner Development Coalition Inc Dba Eastside Community NetworkSTOUDAMIRE YOUTH INITIATIVE | Detroit, MI | $160K | 2023 |
| Downtown Boxing Gym Youth ProgramTRAINING KIDS FOR LIFE: SUPPORTING HOLISTIC DEVELOPMENT AMONG DETROITS CHILDREN AND YOUTH | Detroit, MI | $155K | 2023 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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