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Invest Detroit Foundation

Grantmaking foundation in Detroit, Michigan · EIN 27-1927369

Total giving
$770KTax year 2024
Total assets
$210MLatest reported
Latest IRS filing
2024Form 990 / 990-PF

Mission

IDF PROMOTES A HIGHER QUALITY OF LIFE FOR DISTRESSED COMMUNITIES, PRIMARILY IN THE CITY OF DETROIT THROUGH ATTRACTING NEW INDUSTRY, ENCOURAGING THE DEVELOPMENT OF BUSINESS, HOUSING, TRANSPORTATION AND OTHER COMMUNITY RESOURCES. IDF PROVIDES LOANS AND FINANCIAL ASSISTANCE TO PROMOTE COMMUNITY DEVELOPMENT AND COMBAT COMMUNITY DETERIORATION AND ECONOMIC BLIGHT.

Quoted from the foundation's IRS filing.

Giving by year

$3.1M2020
$8.4M2021
$4.6M2022
$1.5M2023
$770K2024

Totals by tax year, rounded to two significant figures. Years without a reported total show the sum of grants itemized on the filing.

Top recipients

RecipientAmountTax year
City of Detroit$250K2022
Detroit Blight Busters Inc$180K2022
Life Remodeled$180K2022
Islamic Center of Detroit$100K2022
East Warren Development Corp$25K2022

Amounts are rounded. The full grantee list is available with a free account.

Website: investdetroit.com

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Similar foundations in Michigan

Source: IRS Form 990 and 990-PF filings, tax year 2024. Also see this organization on ProPublica Nonprofit Explorer.