2017 Annual Report


Arts & Culture
Ann Arbor Art Center, Ann Arbor, MI – $ 170,000.  New Building Campaign – 2016 – 2018
Michigan Theater Foundation, Ann Arbor, MI – $1,000,000.  Capital Campaign  – 2016 – 2020
City Opera House Heritage Foundation, Traverse City, MI – $10,000.  Put A Canopy On It! – 2017
Civic & Community
Ann Arbor Teen Center: Neutral Zone, Ann Arbor, MI – $ 100,000.  S.C.O.R.E Program – 2015 – 2019
Family Learning Institute, Ann Arbor, MI – $80,000. Free Tutoring Program – 2017 – 2020
Friends In Deed, Ypsilanti, MI – $45,000. General Operations – 2015 – 2017
Gilda’s Club Metro Detroit, Royal Oak, MI – $5,000. Support Groups – 2017
Girls Group, Ann Arbor, MI – $100,000.  Program Support – 2017 – 2018
Girl Scouts Heart of Michigan, Ypsilanti, MI – $15,000. STEM It Up – 2017
Major Chords For Minors, Saginaw, MI – $7,500. Program Support – 2017
Midland Area Community Foundation, Midland, MI – $50,000. Riverfront Restoration Project – 2017
Ozone House, Ann Arbor, MI – $400,000. Front Door Campaign – 2017 – 2021
SOS Community Services, Ypsilanti, MI – $20,000. General Operations – 2017
St. Louis Center, Chelsea, MI – $ 750,000. Construction of Homes – 2015 – 2019
Student Advocacy Center of Michigan, Ypsilanti, MI – $ 70,000.  Operations – 2016 – 2017
West Midland Family Center, Shepherd, MI – $ 150,000.  Program Support – 2015 – 2017
Education
Calvin College, Grand Rapids, MI – $ 500,000.  Ecosystem Preserve & Bunker Interpretive Center – 2015 – 2019
Center for the Education of Women, Ann Arbor, MI – $ 500,000.  Scholarship Program Fund $300,000 & 
 Community Counseling Fund $200,000 – 2014 – 2018
Council of Michigan Foundations, Grand Haven, MI – $ 8,300. 2017 Membership Grant – 2017
Gerald R. Ford School of Public Policy, Ann Arbor, MI – $ 750,000.  The Riecker Michigan Delegation Fellowship – 2015 – 2017
Finlandia University, Hancock, MI – $ 212,071.  Program Support – 2016 – 2017
Greenhills School, Ann Arbor, MI – $200,000.  Greenhills At 50 Campaign – 2017 – 2018
Interlochen Center For The Arts, Interlochen, MI – $ 1,000,000.  Phase One of the Music Complex – 2015 – 2018
Kettering University, Flint, MI – $25,000. LITE Program – 2017
Starr Commonwealth Schools, Albion, MI – $ 100,000.  Integration of Albion Water – 2016 – 2017
University of Michigan Library, Ann Arbor, MI – $ 1,000,000.  Endow and Name a Conservation Librarian Position – 2016 – 2020
University of Michigan School of Education, Ann Arbor, MI – $ 1,000,000.  Multi-Initiative Campaign – 2014 – 2017
Washtenaw Community College Foundation, Ypsilanti, MI – $ 500,000.  Campaign for Success – 2014 – 2018
ENVIRONMENTAL
Grand Traverse Regional Land Conservancy, Traverse City, MI – $20,000. Program Support – 2017
Grass River Natural Area, Inc., Bellaire, MI – $61,250.  Reconstruction Project Campaign – 2017
Legacy Land Conservancy, Ann Arbor, MI – $60,000. General Operations – 2017
Nature Conservancy, Lansing, MI – $ 500,000.  The Great Lakes Project – 2014 – 2017
Stewardship Network, Ann Arbor, MI – $120,000.  Rising to the Challenge – 2017 – 2019
Health & Human Services
Arbor Hospice, Ann Arbor, MI – $ 500,000.  The Campaign for Arbor Hospice – 2014 – 2017
Charlevoix Area Hospital Foundation, Charlevoix, MI – $ 150,000.  Capital Project – 2016 – 2018
Corner Health Center, Ypsilanti, MI – $ 200,000.  Operations – 2016 – 2020
EHM Senior Solutions, Farmington Hills, MI – $100,000. HydroWorx 300 – 2017
Hope Dental Clinic, Ypsilanti, MI – $ 150,000.  General Operations – 2016 – 2020
LightUp, Bloomfield Hills, MI – $50,000. General Operations – 2017
Mary Free Bed, Grand Rapids, MI – $ 500,000.  Expansion and Renovation Project – 2016 – 2020
MidMichigan Medical Center, Midland, MI – $ 300,000.  New Building – 2015 – 2017
Planned Parenthood, Ann Arbor, MI – $400,000.  Sexual Health Education for Teens – 2017 – 202
River House, Grayling, MI – $20,000.  General Operations – 2017
Ronald McDonald House, Grand Rapids, MI – $2,250.  Family Support – 2017
United Methodist Retirement Community, Chelsea, MI – $500,000.  Heart of Home – 2017 – 2022
Ypsilanti Meals on Wheels, Ypsilanti, MI – $40,000. Delivery of Frozen Meals on Saturday – 2017
Matching Grants
American Red Cross, Midland, MI – $1,000.
Boy Scouts of America, Ypsilanti, MI – $3,500.
Clements Library, Ann Arbor, MI – $1,000.
Culver Educational Foundation, Culver, IN – $2,500.
Cure Alzheimer’s Fund, Wellesley, MA – $1,000.
Direct Relief, Santa Barbara, CA – $1,500.
First United Methodist Church, Grand Rapids, MI – $5,000.
Girls Group, Ann Arbor, MI – $1,000.
Grand Rapids Symphony, Grand Rapids, MI – $2,500.
Huron River Watershed Council, Ann Arbor, MI – $5,000.
Massachusetts General Hospital, Boston, MA – $4,000.
Midland Area Community Foundation, Midland, MI – $5,000.
New York University, NY, NY – $2,000.
Shelter Association of Washtenaw County, Ann Arbor, MI – $2,500
Trustee Discretionary Grants
African American Cultural & Historical Museum, Ann Arbor, MI – $10,000
Bee Girl, Ashland, OR – $10,000
Child Care Network, Ann Arbor, MI – $5,000
Children’s Grief Center, Midland, MI –$2,500
Children’s Literacy Network, Ann Arbor, MI – $5,000
Delta College, University Center, MI – $8,000
Detroit Musician’s Fund, Southfield, MI – $15,000
First United Methodist Church, Grand Rapids, MI – $20,000
Los Angeles LGBT Center, Los Angeles, CA – $25,000
Messiah Lutheran Church, Midland, MI – $14,500.
Our House, Ann Arbor, MI – $5,000
San Diego Coffee Training Institute, San Diego, CA – $10,000
Synod Community Services, Ypsilanti, MI – $5,000
Third Avenue Charitable Organization, San Diego, CA – $15,000

 

Balance Sheet

December 31,2017

ASSETSBook ValueMarket Value
Cash & Equivalents$ 7,324,492$7,324,492
Investments$ 28,468,451$ 67,028,434
 $ 35,792,943$ 74,352,926
Fund Balance$ 36,792,943$ 74,352,926

Statement of Changes in Fund Balances

Year Ended December 31, 2017

  Book ValueMarket Value
FUND BALANCE January 1 $31,673,272$63,874,131
Increase in Market Value during the year  $6,359,124
Investment Income$7,696,469  
Investment Expense$(41,268)  
Operating Expenses$(78,659)  
Net Income $7,576,542$7,576,542
Federal Excise Tax $(73,000)$(73,000)
Grant Payments $(3,383,871)$(3,383,871) 
FUND BALANCE December  31 $35,792,943$74,352,926