The Alix Foundation
- Assets
- $0.0
- Revenue
- $17.4m
- Investments
- $56.6m
- Employees
- 0
- Location
- Birmingham, MI
- Founding
- 06/1994
- Data as of
- 12/2021
- EIN
- 38-3171122
Organization Overview
The Alix Foundation is located in Birmingham, MI. The organization was established in 1994. 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. Alix Foundation 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 12/2021, Alix Foundation generated $17.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 66.3% each year . All expenses for the organization totaled $26.0m during the year ending 12/2021. While expenses have increased by 38.8% per year over the past 7 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, Alix Foundation has awarded 108 individual grants totaling $42,289,045. 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 |
|---|---|---|---|
Jay Alix Chairman Of The Board | 1 | $0 | |
Robert E Shields President & CEO | 1 | $0 | |
Arthur J Kubert Vp,cfo,secretary & Treasurer | 1 | $0 | |
Christine T Alix Director | 1 | $0 | |
Anika F Alix Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,570,150 |
| Interest on Savings | $0 |
| Dividends & Interest | $427,212 |
| Profit on Inventory Sales | $0 |
| Other Income | $95,113 |
| Total Revenue | $17,380,441 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $433,170 |
| Contributions, gifts, grants paid | $25,543,112 |
| Total expenses and disbursements | $25,976,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,758 |
| Investments—mortgage loans | $0 |
| Investments—other | $23,508,738 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Alix Foundation has awarded $1,548,658 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
FORGOTTEN HARVEST PURPOSE: GENERAL WELFARE | $50,000 |
DETROIT COUNTRY DAY SCHOOL PURPOSE: EDUCATION | $25,000 |
EURO-PEDS FOUNDATION PURPOSE: HEALTH CARE | $10,000 |
HARVARD MEDICAL SCHOOL PURPOSE: HEALTH CARE | $25,000 |
MARINE TOYS FOR TOTS FOUNDATION PURPOSE: GENERAL WELFARE | $12,500 |
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: HEALTH CARE | $46,607 |