Herbert H & Grace A Dow Foundation
- Assets
- $575.6m
- Revenue
- $36.8m
- Investments
- $508.2m
- Employees
- 0
- Location
- Midland, MI
- Founding
- 11/1943
- Data as of
- 12/2020
- EIN
- 38-1437485
Organization Overview
Herbert H & Grace A Dow Foundation is located in Midland, MI. The organization was established in 1943. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Herbert H & Grace A Dow 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 12/2020, Herbert H & Grace A Dow Foundation generated $36.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $29.5m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Herbert H & Grace A Dow Foundation has awarded 14 individual grants totaling $114,340,012. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHED IN 1899, AS A HOME FOR HERBERT H. AND GRACE A. DOW AND FAMILY, DOW GARDENS TYPICALLY WELCOMES 300,000 GUESTS PER YEAR. EXPERIENCE A DAZZLING 110-ACRE DISPLAY OF ANNUALS AND PERRENIALS PUNCTUATED BY DISTINCTIVE BRIDGES, AN AWARD-WINNING CHILDRENS GARDEN, TOWERING PINES, DELIGHTFUL WATER FEATURES, AND THE NATIONS LONGEST CANOPY WALK WHICH TAKES GUESTS FOUR STORIES HIGH INTO THE TREE TOPS. VISITORS ARE INVITED TO LEAVE THE PATHWAY AND EXPLORE THE UNIQUELY-DESIGNED LANDSCAPE, TAKE A TOUR OF THE HISTORIC PINES HOME, PARTICIPATE IN ONE OF THE MANY HANDS-ON EDUCATIONAL PROGRAMS, AND DISCOVER BEAUTIFUL ART AND MUSIC IN A RELAXED SETTING. DOW GARDENS IS COMPRISED ON AN ESTATE GARDEN, HISTORIC HOME, AND THRIVING FOREST. DOW GARDENS IS A SIGNATURE GIFT OF THE HERBERT H. AND GRACE A. DOW FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenee Velasquez Executive Di | 40 | $280,342 | |
Elizabeth Lumbert Associate Di | 40 | $164,000 | |
Tina Hop Controller | 33 | $120,218 | |
Charles Martin Horticulturi | 40 | $86,638 | |
Scott Schultheis Horticulturi | 40 | $84,125 | |
Matt Gerhardt Human Resour | 40 | $78,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Serenus Johnson Construction | 12/30/21 | $1,435,510 |
Wta Architects | 12/30/21 | $321,570 |
Sym Financial Advisors | 12/30/21 | $246,541 |
Prospiant | 12/30/21 | $151,059 |
Three Rivers Corporation | 12/30/21 | $200,985 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,856 |
| Interest on Savings | $135,205 |
| Dividends & Interest | $5,837,839 |
| Net Rental Income | $16,221 |
| Net Gain on Sale of Assets | $23,805,106 |
| Capital Gain Net Income | $24,061,859 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $73,908 |
| Other Income | $6,897,147 |
| Total Revenue | $36,767,282 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $280,201 |
| Other employee salaries and wages | $1,860,781 |
| Pension plans, employee benefits | $737,884 |
| Interest | $0 |
| Taxes | $806,945 |
| Depreciation | $1,528,235 |
| Occupancy | $701,203 |
| Travel, conferences, and meetings | $16,580 |
| Printing and publications | $14,590 |
| Other expenses | $7,204,177 |
| Total operating and administrative expenses | $15,128,543 |
| Contributions, gifts, grants paid | $14,321,950 |
| Total expenses and disbursements | $29,450,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,059 |
| Savings and temporary cash investments | $36,586,059 |
| Net Accounts receivable | $382 |
| 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 | $46,110 |
| Prepaid expenses and deferred charges | $91,748 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $409,778,157 |
| Net Land, buildings, and equipment | $30,710,627 |
| Other assets | $0 |
| Total assets | $575,608,768 |
| Accounts payable and accrued expenses | $85,577 |
| Grants payable | $16,168,972 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,025,432 |
| Total liabilities | $18,279,981 |
Grants Awarded
Over the last fiscal year, Herbert H & Grace A Dow Foundation has awarded $16,420,113 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED PURPOSE: VARIOUS | $9,728,093 |
SEE ATTACHED PURPOSE: VARIOUS | $6,692,020 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lynde And Harry Bradley Foundation Inc Milwaukee, WI | $1,061,478,184 | $82,867,746 |
Herbert H & Grace A Dow Foundation Midland, MI | $575,608,768 | $36,767,282 |
Dte Energy Foundation Detroit, MI | $165,950,300 | $32,183,321 |
Progressive Insurance Foundation Cleveland, OH | $7,804,354 | $47,823,383 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
Westfield Insurance Foundation Westfield Center, OH | $42,931,784 | $4,362,594 |
Morgan Family Foundation Yellow Springs, OH | $51,827,477 | $1,582,241 |
Harry M And Violet Turner Charitable Trust Springfield, OH | $29,217,065 | $2,348,308 |
Penske Foundation Inc Bloomfield Hills, MI | $17,008,099 | $10,243,924 |