Overall Ranking by State
5-Yr Asset Growth
- Since 2013 Michigan foundations assets have increased by $5.9 billion from $19.0 billion to $24.9 billion.
- Michigan’s growth rate (blue hashed line) of 5.6% was a little faster than the overall foundation universe (yellow hashed line) of 5.3%.
For the five year period ending December 31, 2017, FoundationMark estimates Michigan foundations returned 8.1% per year, in line with the overall U.S. foundation universe.
Disclosed Investment Expenses
Foundations by Asset Level
With total assets just under $25 billion, Michigan ranked 10th among all states.
- There are nearly 1,000 foundation in Michigan with over $1 million in assets.
- Over 100 are over $25 million.
Top 10 Foundations by Assets
Michigan is home to 2 of the top 25 foundations in the US.
Foundations by County and City
Michigan foundations received $8.4 billion cumulatively over the past 5 years, sixth largest in dollar terms, and grew the 12th fastest among all states for the period.
Grants, Gifts and Operating Expenses
Michigan foundations paid $10.1 billion cumulatively over the past 5 years in grants, gifts, and operating expenses, eighth largest in dollar terms, and grew the fifth fastest among all states over the period