Max M & Marjorie S Fisher Foundation Inc
- Assets
- $279.9m
- Revenue
- $9.9m
- Investments
- $262.6m
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 07/1957
- Data as of
- 12/2022
- EIN
- 38-1784340
Organization Overview
Max M & Marjorie S Fisher Foundation Inc is located in Southfield, MI. The organization was established in 1957. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Max M & Marjorie S Fisher Foundation Inc 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 12/2022, Max M & Marjorie S Fisher Foundation Inc generated $9.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $23.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Max M & Marjorie S Fisher Foundation Inc has awarded 744 individual grants totaling $67,719,751. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Fisher Cummings Trustee | 1 | $0 | |
Phillip Wm Fisher Managing Trustee | 1 | $0 | |
Dr Marjorie M Fisher Treasurer | 1 | $0 | |
Jane F Sherman Trustee | 1 | $0 | |
David Sherman Next Gen Trustee | 1 | $0 | |
Caroline Rafferty Next Gen Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tfg Llc | 12/30/22 | $1,510,629 |
Neuberger Berman | 12/30/22 | $677,829 |
Avivar Capital | 12/30/22 | $113,750 |
Plante Moran | 12/30/22 | $105,270 |
Catalyst Evaluation | 12/30/22 | $75,058 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,600,731 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,413,131 |
| Capital Gain Net Income | $5,416,089 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,117,379 |
| Total Revenue | $9,896,483 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $448,049 |
| Other employee salaries and wages | $1,099,681 |
| Pension plans, employee benefits | $427,227 |
| Interest | $13,410 |
| Taxes | $211,721 |
| Depreciation | $6,870 |
| Occupancy | $5,967 |
| Travel, conferences, and meetings | $103,235 |
| Printing and publications | $10,136 |
| Other expenses | -$575,658 |
| Total operating and administrative expenses | $5,764,569 |
| Contributions, gifts, grants paid | $17,362,342 |
| Total expenses and disbursements | $23,126,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,444 |
| Savings and temporary cash investments | $10,256,377 |
| Net Accounts receivable | $209,931 |
| Net Pledges Receivable | $0 |
| 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 | $262,578,768 |
| Net Land, buildings, and equipment | $18,123 |
| Other assets | $6,728,461 |
| Total assets | $279,901,104 |
| Accounts payable and accrued expenses | $937,515 |
| Grants payable | $7,811,627 |
| 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 | $8,749,142 |
Grants Awarded
Over the last fiscal year, Max M & Marjorie S Fisher Foundation Inc has awarded $14,595,199 in support to 182 organizations.
| Grant Recipient | Amount |
|---|---|
2164 INC PURPOSE: COLOR PILOT PROJECT | $10,000 |
826 MICHIGAN PURPOSE: YOUTH CREATIVE WRITING AND PUBLISHING PROGRAMS | $50,000 |
826 MICHIGAN PURPOSE: 2022 GENERAL OPERATING SUPPORT | $10,000 |
826 MICHIGAN PURPOSE: 2022 GENERAL OPERATING SUPPORT | $16,634 |
ALLIED MEDIA PROJECTS FBO MOTOR CITY STREET DANCE ACADEMY PURPOSE: S.E.E.D. PROGRAM | $75,000 |
ALLIED MEDIA PROJECTS FBO MOTOR CITY STREET DANCE ACADEMY PURPOSE: 2022 GENERAL OPERATING SUPPORT-COVID RELIEF | $10,000 |