Ford Motor Co Fund
- Assets
- $195.0m
- Revenue
- $53.1m
- Investments
- $139.2m
- Employees
- 0
- Location
- Dearborn, MI
- Founding
- 02/1950
- Data as of
- 12/2023
- EIN
- 38-1459376
Organization Overview
Ford Motor Co Fund is located in Dearborn, MI. The organization was established in 1950. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ford Motor Co Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Ford Motor Co Fund generated $53.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $42.3m during the year ending 12/2023. While expenses have increased by 1.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ford Motor Co Fund has awarded 3,501 individual grants totaling $329,935,253. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND DOES NOT HAVE DIRECT CHARITABLE EXPENDITURES. THE FUND'S ACTIVITIES ARE GIFTS, CONTRIBUTIONS, SCHOLARSHIPS, AND GRANTS MADE DIRECTLY TO OTHER CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary E Culler Chair And Trustee | 20 | $0 | |
David A Webb Treasurer And Trustee | 1 | $0 | |
Lindsey F Buhl Trustee | 1 | $0 | |
Dianne Craig Trustee | 1 | $0 | |
Nicholas F Ford Trustee | 1 | $0 | |
Marion B Harris Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Civic Entertainment Group Llc | 12/30/23 | $499,438 |
Plante & Moran Pllc | 12/30/23 | $123,520 |
Mk Fox | 12/30/23 | $73,324 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,088,023 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$16,383 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,071,640 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,924 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,031,100 |
| Total operating and administrative expenses | $2,225,394 |
| Contributions, gifts, grants paid | $40,032,208 |
| Total expenses and disbursements | $42,257,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,836,008 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $50,000,000 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $139,196,094 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $195,032,102 |
| Accounts payable and accrued expenses | $228,444 |
| Grants payable | $7,212,209 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,440,653 |
Grants Awarded
Over the last fiscal year, Ford Motor Co Fund has awarded $38,858,157 in support to 214 organizations.
| Grant Recipient | Amount |
|---|---|
ACCELERATE 500 PURPOSE: ECONOMIC MOBILITY | $152,500 |
ACCELERATE4KIDS FOUNDATION PURPOSE: FORD RESOURCES AND ENGAGEMENT CENTERS | $35,000 |
ACCOUNTING AID SOCIETY PURPOSE: FORD RESOURCES AND ENGAGEMENT CENTERS | $160,000 |
AFFIRMATIONS COMMUNITY CENTER PURPOSE: SOCIAL MOBILITY | $25,000 |
ALBION COMMUNITY FOUNDATION PURPOSE: BETTER WORLD | $5,000 |
ACT SOCIALLY KALAMAZOO INC PURPOSE: BETTER WORLD | $5,000 |