Hudson-Webber Foundation

Organization Overview

Hudson-Webber Foundation is located in Detroit, MI. The organization was established in 1943. 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. Hudson-Webber 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, Hudson-Webber Foundation generated $18.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $11.4m during the year ending 12/2021. While expenses have increased by 4.4% per year over the past 4 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 2020, Hudson-Webber Foundation has awarded 744 individual grants totaling $50,015,732. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

THE HUDSONIAN ASSISTANCE AND COUNSELING PROGRAM PROVIDES FINANCIAL SUPPORT FOR THE SERVICES OF A PROFESSIONAL COUNSELOR TO HELP ELIGIBLE J.L. HUDSON COMPANY FORMER EMPLOYEES AND THEIR DEPENDENTS WHO ARE SEEKING HELP WITH PERSONAL CRISES AND MISFORTUNES. THIS COUNSELOR OFFERS REFERRALS TO PUBLIC AGENCIES AND PRIVATE RESOURCES, AS APPROPRIATE. WHEN FINANCIAL ASSISTANCE IS A NECESSARY COMPONENT OF CRISIS RESOLUTION, AND WHEN PERSONAL OR FAMILY RESOURCES, OUTSIDE COMMERCIAL RESOURCES, AND/OR ASSISTANCE AVAILABLE THROUGH COMMUNITY, CHARITABLE, OR PUBLIC RESOURCES IS UNAVAILABLE OR INADEQUATE, THE PROGRAM'S COUNSELOR MAY APPLY FOR A GRANT FROM THE FOUNDATION ON BEHALF OF A HUDSONIAN. TRUSTEES OF THE FOUNDATION CAREFULLY EVALUATE THESE APPLICATIONS AND MAKE THE FINAL DECISION ON EACH REQUEST. DURING 2021, COUNSELING WAS PROVIDED TO FIVE HUDSONIANS. ALMOST ALL NEEDED FINANCIAL ASSISTANCE, WERE QUALIFIED, AND WERE PROVIDED GRANTS TOTALING $20,633 IN 2021.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $199,317
Interest on Savings $399
Dividends & Interest $418,931
Net Rental Income$0
Net Gain on Sale of Assets $17,749,428
Capital Gain Net Income $20,337,441
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $1,608
Total Revenue $18,369,683

Grants Awarded

Over the last fiscal year, Hudson-Webber Foundation has awarded $13,230,734 in support to 220 organizations.

Grant RecipientAmount

FOUNDATION FOR DETROIT'S FUTURE

Org PageRecipient Profile

Detroit, MI

PURPOSE: DIA SETTLEMENT ("GRAND BARGAIN")

$500,000

DETROIT RIVERFRONT CONSERVANCY INC

Org PageRecipient Profile

Detroit, MI

PURPOSE: COMPREHENSIVE CAMPAIGN

$400,000

INVEST DETROIT FOUNDATION

Org PageRecipient Profile

Detroit, MI

PURPOSE: GENERAL OPERATING SUPPORT

$400,000

DETROIT RIVERFRONT CONSERVANCY INC

Org PageRecipient Profile

Detroit, MI

PURPOSE: COMPREHENSIVE CAMPAIGN

$400,000

COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN

Org PageRecipient Profile

Detroit, MI

PURPOSE: MICHIGAN JUSTICE FUND

$300,000

COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN

Org PageRecipient Profile

Detroit, MI

PURPOSE: MICHIGAN JUSTICE FUND

$300,000
View Grant Profile

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