Benson & Edith Ford Fund FY2022 filing

Tax-deductible

Detroit, MI501(c)(3)EIN 38-6066333Revenue $4.2M in FY2022

On file with the IRS1901 St Antoine Street 6th Floor, 48226-2336 · Detroit, MITax-exempt since Jan 1954Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

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FY2022 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $259K a year · 13% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
990-PF Pt I · 5 filings
Cash reserves
39 mo
of spending, in cash
Looks good: 39.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$20K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.2M
+130% vs prior year
Spent
$1.6M
Net assets
$17.0M
By yearFY2020–FY2024
Revenue
$4.2M
FY2022▲ +130%
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Revenue by fiscal year
FY2020$1.2M
FY2021$1.8M
FY2022$4.2M
FY2023$1.1M
FY2024$1.5M
Expenses
$1.6M
FY2022▼ -10%
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Expenses by fiscal year
FY2020$1.9M
FY2021$1.8M
FY2022$1.6M
FY2023$1.7M
FY2024$1.4M
Net assets
$17.0M
FY2022▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.4M
FY2021$14.4M
FY2022$17.0M
FY2023$16.4M
FY2024$16.4M

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1954.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 90% · $1.4M Operating & administrative 10% · $164K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990-PF.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President/Director
$0Pt VII · Sec A
Vice-President/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Benson & Edith Ford Fund executive salaries →

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Programs and updates

A private foundation based in Detroit, MI.

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 24 grants · $1.3M · 2024–2024
College for Creative StudiesMI · FY2024$700,000
Teen Street SkillsMI · FY2024$300,000
The Detroit Institute of ArtsMI · FY2024$100,000
Henry Ford Health SystemMI · FY2024$75,000
Alzheimer's AssociationFY2024$25,000
The Henry Ford Estate - FairlaneFY2024$20,000
Individual RecipientFY2024$15,000
Individual RecipientFY2024$15,000
The Henry FordFY2024$10,000
Racing for KidsMI · FY2024$10,000
The Empowerment PlanMI · FY2024$5,000
Individual RecipientFY2024$3,000
Detroit Artists MarketMI · FY2024$3,000
See all 24 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV16
Average grantPart XV$56K
Median grantPart XV$8K
Largest grantPart XV$700K
Top cause focusNTEEArts & Culture (29%)

By the numbers

The FY2022 990-PF, line by line.

1The main four
Money in
$4.2M
Investment income$4.0M
Other income$148K
Money out
$1.6M
Grants paid$1.4M
Running costs$164K
Owns and owes
$17.0M
net assets
Cash and savings$5.3M
Total assets$17.0M
Liabilities$20K
People
5
listed
Paid0
2In more detail
Revenue in detail
Investment income$4.0M
Other income$148K
Total revenue$4.2M
Assets in detailEnd of year
Cash and savings together$5.3M
Total assets$17.0M
Liabilities$20K
Net assets$17.0M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.5M$1.4M$10K$16.4M 990 PDF
FY2023 $1.1M$1.7M−$628K$16.4M 990 PDF
FY2022 Viewing $4.2M$1.6M$2.6M$17.0M 990 PDF
FY2021 $1.8M$1.8M$28K$14.4M 990 PDF
FY2020 $1.2M$1.9M−$702K$14.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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