DETROIT, MI
Invest Detroit Foundation
Quick Facts
- EIN
- 27-1927369
- Location
- DETROIT, MI
- Category
- Community Development
- NTEE Code
- S30
- Total Assets
- $208.6M
- Annual Income
- $32.4M
- Annual Revenue
- $32.4M
- IRS Ruling Year
- 2010
- Tax Subsection
- 501(c)(03)
About This Organization
Invest Detroit Foundation is a nonprofit organization based in DETROIT, MI. It received its IRS tax-exempt ruling in 2010. The organization is classified under IRC Section 501(c)(03). It operates in the area of community development. Total assets are reported at $208.6M. Annual income is $32.4M. The organization has received $41.4M in foundation grants from 9 funders. It has received $6.4M in federal awards from 2 agencies.
Grants Received from Foundations
Foundation grants awarded to Invest Detroit Foundation, based on IRS 990-PF filings.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| The Ralph C Wilson Jr Foundation | $2M | 2024 | Strategic Neighborhood Fund 3 |
| The Ralph C Wilson Jr Foundation | $1M | 2024 | Advancing Inclusive High-Growth Entrepreneurship |
| Kresge Foundation | $620K | 2024 | PROJECT SUPPORT GRANT FOR THE SECOND ROUND OF FUNDING FOR THE DETROIT STRATEGIC NEIGHBORHOOD FUND |
| Kresge Foundation | $300K | 2024 | GENERAL OPERATING SUPPORT |
| Ford Foundation | $250K | 2024 | GENERAL SUPPORT |
| Gilbert Fam Foundation | $6.3M | 2023 | DETROIT COMMUNITY INITIATIVES |
| Kresge Foundation | $2.5M | 2023 | THIS GRANT PROVIDES CONTINUED PROJECT SUPPORT FOR THE SECOND ROUND OF INVEST DETROITS STRATEGIC NEIGHBORHOOD FUND FOR EQUITABLE AND INCLUSIVE REVITALIZATION EFFORTS IN DETROITS NEIGHBORHOODS. |
| The Ralph C Wilson Jr Foundation | $1M | 2023 | FOR SUPPORT OF THE FIRST CAPITAL FUND (FCF). |
| The Ralph C Wilson Jr Foundation | $1M | 2023 | TO SUPPORT THE STRATEGIC NEIGHBORHOOD FUND 2.0 INITIATIVE TO IMPLEMENT INCLUSIVE RECOVERY AND REVITALIZATION. |
| Ford Foundation | $500K | 2023 | CORE SUPPORT TO INCREASE THE CAPACITY OF THE STRATEGIC NEIGHBORHOOD FUND TO SUPPORT THE EQUITABLE AND INCLUSIVE REVITALIZATION OF TARGETED DETROIT NEIGHBORHOODS |
| Skillman Foundation | $400K | 2023 | STRATEGIC NEIGHBORHOOD FUND 2.0 |
| Hudson-Webber Foundation | $375K | 2023 | GENERAL OPERATING SUPPORT |
| Kresge Foundation | $300K | 2023 | INVEST DETROIT REQUESTS A $300,000 GRANT TO SUPPORT THE NEXT PHASE OF INVEST DETROIT, THE CITY OF DETROIT, AND THE LVT COALITIONS LAND VALUE PROPERTY TAX REFORM WORK, INCLUDING FINALIZING DETAILS OF THE PROPOSAL AND THE LEGISLATION AND FOCUSING ON RAISING AWARENESS OF THIS PROPOSAL AND ITS POTENTIAL IMPACTS THROUGH STAKEHOLDER AND LEGISLATOR EDUCATION. |
| Hudson-Webber Foundation | $150K | 2023 | JOE LOUIS GREENWAY COMMUNITY AND NEIGHBORHOOD DEVELOPMENT PLANNING |
| Kresge Foundation | $100K | 2023 | THIS GRANT PROVIDES THREE YEARS OF GENERAL OPERATING SUPPORT TO INVEST DETROIT TO STRENGTHEN THE ORGANIZATION'S CAPACITY AND SUPPORT ITS WORK CATALYZING EQUITABLE DEVELOPMENT IN DETROIT. |
| W K Kellogg Foundation | $75K | 2023 | create a Michigan community development financial institutions (CDFIs) coalition to provide statewide advocacy, collaboration opportunities and collect data from Michigan CDFIs |
| Kresge Foundation | $5M | 2022 | THIS GRANT PROVIDES CONTINUED PROJECT SUPPORT FOR THE SECOND ROUND OF INVEST DETROITS STRATEGIC NEIGHBORHOOD FUND FOR EQUITABLE AND INCLUSIVE REVITALIZATION EFFORTS IN DETROITS NEIGHBORHOODS. |
| Kresge Foundation | $5M | 2022 | THIS GRANT PROVIDES CONTINUED PROJECT SUPPORT FOR THE SECOND ROUND OF INVEST DETROITS STRATEGIC NEIGHBORHOOD FUND FOR EQUITABLE AND INCLUSIVE REVITALIZATION EFFORTS IN DETROITS NEIGHBORHOODS. |
| The Ralph C Wilson Jr Foundation | $1.5M | 2022 | TO SUPPORT THE ACCESS, MENTORSHIP AND SUPPORTS TO MICHIGAN-BASED STARTUPS. |
| The Ralph C Wilson Jr Foundation | $1.5M | 2022 | TO SUPPORT THE STRATEGIC NEIGHBORHOOD FUND 2.0 INITIATIVE. |
| The Ralph C Wilson Jr Foundation | $1.5M | 2022 | TO SUPPORT THE ACCESS, MENTORSHIP AND SUPPORTS TO MICHIGAN-BASED STARTUPS. |
| The Ralph C Wilson Jr Foundation | $1.5M | 2022 | TO SUPPORT THE STRATEGIC NEIGHBORHOOD FUND 2.0 INITIATIVE. |
| William Davidson Foundation | $750K | 2022 | TO SUPPORT THE STRATEGIC NEIGHBORHOOD FUND |
| William Davidson Foundation | $750K | 2022 | TO SUPPORT THE STRATEGIC NEIGHBORHOOD FUND |
| Ford Foundation | $500K | 2022 | CORE SUPPORT TO INCREASE THE CAPACITY OF THE STRATEGIC NEIGHBORHOOD FUND TO SUPPORT THE EQUITABLE AND INCLUSIVE REVITALIZATION OF TARGETED DETROIT NEIGHBORHOODS |
| Ford Foundation | $500K | 2022 | CORE SUPPORT TO INCREASE THE CAPACITY OF THE STRATEGIC NEIGHBORHOOD FUND TO SUPPORT THE EQUITABLE AND INCLUSIVE REVITALIZATION OF TARGETED DETROIT NEIGHBORHOODS |
| Kresge Foundation | $325K | 2022 | INVEST DETROIT IS SEEKING A $325,000 GRANT FROM THE KRESGE FOUNDATION TO SUPPORT THE CREATION AND OPERATIONS OF AN $11 MILLION EQUITY FUND PROVIDING CAPITAL AND COMPREHENSIVE TECHNICAL ASSISTANCE FOR BLACK AND BROWN DETROIT DEVELOPERS TO SCALE THEIR BUSINESSES AND CREATE GREATER ECONOMIC IMPACT IN THE CITY. |
| Kresge Foundation | $325K | 2022 | INVEST DETROIT IS SEEKING A $325,000 GRANT FROM THE KRESGE FOUNDATION TO SUPPORT THE CREATION AND OPERATIONS OF AN $11 MILLION EQUITY FUND PROVIDING CAPITAL AND COMPREHENSIVE TECHNICAL ASSISTANCE FOR BLACK AND BROWN DETROIT DEVELOPERS TO SCALE THEIR BUSINESSES AND CREATE GREATER ECONOMIC IMPACT IN THE CITY. |
| Kresge Foundation | $200K | 2022 | THIS GRANT PROVIDES GENERAL OPERATING SUPPORT TO INVEST DETROIT TO STRENGTHEN THE ORGANIZATION'S CAPACITY AND SUPPORT ITS WORK CATALYZING EQUITABLE DEVELOPMENT IN DETROIT'S NEIGHBORHOODS. |
| Kresge Foundation | $200K | 2022 | THIS GRANT PROVIDES GENERAL OPERATING SUPPORT TO INVEST DETROIT TO STRENGTHEN THE ORGANIZATION'S CAPACITY AND SUPPORT ITS WORK CATALYZING EQUITABLE DEVELOPMENT IN DETROIT'S NEIGHBORHOODS. |
| W K Kellogg Foundation | $150K | 2022 | create a Michigan community development financial institutions (CDFIs) coalition to provide statewide advocacy, collaboration opportunities and collect data from Michigan CDFIs |
| W K Kellogg Foundation | $150K | 2022 | create a Michigan community development financial institutions (CDFIs) coalition to provide statewide advocacy, collaboration opportunities and collect data from Michigan CDFIs |
| Bank Of America Charitable Foundation Inc. | $125K | 2022 | PROGRAM/OPERATING SUPPORT |
| Bank Of America Charitable Foundation Inc. | $125K | 2022 | PROGRAM/OPERATING SUPPORT |
| Bank Of America Charitable Foundation Inc. | $125K | 2022 | PROGRAM/OPERATING SUPPORT |
| Bank Of America Charitable Foundation Inc. | $125K | 2022 | PROGRAM/OPERATING SUPPORT |
| W K Kellogg Foundation | $100K | 2022 | provide general operating support to help the organization advance its mission of encouraging and sparking economic growth in underserved communities and markets in Detroit and the region |
| W K Kellogg Foundation | $100K | 2022 | provide general operating support to help the organization advance its mission of encouraging and sparking economic growth in underserved communities and markets in Detroit and the region |
| Kresge Foundation | $50K | 2022 | THIS GRANT SUPPORTS THE NEXT PHASE OF INVEST DETROIT AND THE CITY OF DETROIT'S RESEARCH AND ASSESSMENT. |
| Kresge Foundation | $50K | 2022 | THIS GRANT SUPPORTS THE NEXT PHASE OF INVEST DETROIT AND THE CITY OF DETROIT'S RESEARCH AND ASSESSMENT. |
| Kresge Foundation | $40K | 2022 | THIS GRANT PROVIDES INVEST DETROIT WITH FUNDING FOR RESEARCH AND ANALYSIS THAT WILL SUPPORT AN ASSESSMENT BY THE CITY OF DETROIT'S CFO. |
| Hudson-Webber Foundation | $40K | 2022 | SPLIT-RATE TAX RESEARCH PROJECT |
| Hudson-Webber Foundation | $40K | 2022 | SPLIT-RATE TAX RESEARCH PROJECT |
| Kresge Foundation | $40K | 2022 | THIS GRANT PROVIDES INVEST DETROIT WITH FUNDING FOR RESEARCH AND ANALYSIS THAT WILL SUPPORT AN ASSESSMENT BY THE CITY OF DETROIT'S CFO. |
| The Ralph C Wilson Jr Foundation | $1.5M | 2021 | TO SUPPORT THE STRATEGIC NEIGHBORHOOD FUND 2.0 INITIATIVE TO IMPLEMENT INCLUSIVE RECOVERY AND REVITALIZATION IN 10 DETROIT NEIGHBORHOODS TO CREATE LIVABLE, WALKABLE, VIBRANT NEIGHBORHOODS FOR ALL DETROITERS. |
| Skillman Foundation | $800K | 2021 | STRATEGIC NEIGHBORHOOD FUND 2.0 |
| Ford Foundation | $500K | 2021 | CORE SUPPORT FOR THE STRATEGIC NEIGHBORHOOD FUND TO SUPPORT THE EQUITABLE AND INCLUSIVE REVITALIZATION OF TARGETED DETROIT NEIGHBORHOODS |
| Hudson-Webber Foundation | $400K | 2021 | GENERAL OPERATING SUPPORT |
| Bank Of America Charitable Foundation Inc. | $250K | 2021 | OPERATIONAL SUPPORT |
| Bank Of America Charitable Foundation Inc. | $250K | 2021 | OPERATIONAL SUPPORT |
Federal Awards Received
Federal grants and cooperative agreements from USAspending.gov.
| Agency | Program | Amount | Year |
|---|---|---|---|
| Department of the Treasury | 4 awards totaling $5,847,662 | $5.8M | 2024 |
| Small Business Administration | 1 awards totaling $600,000 | $600K | 2024 |
Frequently Asked Questions
What does Invest Detroit Foundation do?
Invest Detroit Foundation is a nonprofit organization focused on community development, based in DETROIT, MI. It is classified under IRC Section 501(c)(03).
Who funds Invest Detroit Foundation?
Invest Detroit Foundation has received foundation grants from The Ralph C Wilson Jr Foundation, Kresge Foundation, Ford Foundation, and others. It has also received federal awards from Department of the Treasury, Small Business Administration.
What is Invest Detroit Foundation's annual revenue?
Invest Detroit Foundation reports total assets of $208.6M. Annual income is $32.4M.
Where is Invest Detroit Foundation located?
Invest Detroit Foundation is located in DETROIT, MI.
Is Invest Detroit Foundation a 501(c)(3)?
Yes, Invest Detroit Foundation is a 501(c)(3) tax-exempt organization. Its EIN is 27-1927369. Donations to this organization may be tax-deductible.
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