Kalamazoo Community Foundation

Organization Overview

Kalamazoo Community Foundation is located in Kalamazoo, MI. The organization was established in 1997. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Kalamazoo Community Foundation employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kalamazoo Community 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, Kalamazoo Community Foundation generated $78.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $28.0m during the year ending 12/2021. While expenses have increased by 2.9% 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 2014, Kalamazoo Community Foundation has awarded 2,021 individual grants totaling $151,554,802. 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 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

KALAMAZOO COMMUNITY FOUNDATION'S MISSION IS TO MOBILIZE PEOPLE, RESOURCES, AND EXPERTISE TO ADVANCE RACIAL, SOCIAL, AND ECONOMIC JUSTICE IN ORDER TO MAKE KALAMAZOO COUNTY THE MOST EQUITABLE PLACE TO LIVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

UNRESTRICTED FUNDS: DONORS HAVE ESTABLISHED UNRESTRICTED FUNDS WHICH ALLOW THE COMMUNITY FOUNDATION TO RESPOND TO THE MOST CHALLENGING NEEDS IN THE COMMUNITY, RESPOND QUICKLY TO EMERGENCIES, AND FACILITATE INNOVATIVE RESPONSES TO COMMUNITY CHALLENGES TO MEET THE VISION OF KALAMAZOO COUNTY AS THE MOST EQUITABLE PLACE TO LIVE.


SCHOLARSHIP FUNDS PROVIDED FELLOWSHIPS AND SCHOLARSHIPS TO 353 STUDENTS.


THE TRUTH, RACIAL HEALING & TRANSFORMATION (TRHT) IS A NATIONAL AND COMMUNITY BASED EFFORT TO ENGAGE COMMUNITIES, ORGANIZATIONS AND INDIVIDUALS FROM MULTIPLE SECTORS IN RACIAL HEALING AND ADDRESSING PRESENT-DAY INEQUITIES.


GRANTS FROM FUNDS WITH RESTRICTED PURPOSES INCLUDING DESIGNATED, DONOR ADVISED AND FIELD OF INTEREST.


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Board, Officers & Key Employees

Name (title)Compensation
Carolyn Pickett-Erway
Ceo/president
$256,626
Susan Springgate
Vp, Finance & Admin
$174,466
Joanna Dales
Vp, Donor Relations
$149,300
Elena Mireles-Hill
Interim Vp, Community Investment
$119,459
Sandra Loken
Vp, Grants
$114,225
Erycka Hunter
Vp, Operations
$110,872

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pnc
Asset Investment Management Services
$325,536
Greenleaf Trust
Asset Investment Management Services
$155,633
Loomis Sayles & Company Lp
Asset Investment Management Services
$133,519
Fifth Third Bank
Asset Investment Management Services
$129,984
Prudential Investment Management
Asset Investment Management Services
$119,018
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$73,474
Membership dues$0
Fundraising events$0
Related organizations$426,372
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$12,915,022
Noncash contributions included in lines 1a–1f $2,733,459
Total Revenue from Contributions, Gifts, Grants & Similar$13,414,868
Total Program Service Revenue$0
Investment income $12,185,675
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $52,442,264
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $78,067,850

Grants Awarded

Over the last fiscal year, Kalamazoo Community Foundation has awarded $18,374,316 in support to 223 organizations.

Grant RecipientAmount

YWCA OF KALAMAZOO

Org PageRecipient Profile

Kalamazoo, MI

PURPOSE: HUMAN SERVICE-MULTIPURPOSE/OTHER

$819,393

KALAMAZOO CIVIC THEATRE

Org PageRecipient Profile

Kalamazoo, MI

PURPOSE: ARTS, CULTURE & HUMANITIES

$678,845

KALAMAZOO PUBLIC SCHOOLS

PURPOSE: EDUCATION

$658,300

MILESTONE SENIOR SERVICES

Org PageRecipient Profile

Kalamazoo, MI

PURPOSE: HUMAN SERVICE-MULTIPURPOSE/OTHER

$643,062

DISABILITY NETWORK SW MI

Org PageRecipient Profile

Kalamazoo, MI

PURPOSE: HUMAN SERVICE-MULTIPURPOSE/OTHER

$616,212

KALAMAZOO COUNTY GOVERNMENT

PURPOSE: HUMAN SERVICE-MULTIPURPOSE/OTHER

$585,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Kalamazoo Community Foundation has recieved totaling $2,500.

Awarding OrganizationAmount
Weitzenhoffer Seminole Foundation

Kalamazoo, MI

PURPOSE: FAMILY ENRICHMENT FUND

$1,500
Weitzenhoffer Seminole Foundation

Kalamazoo, MI

PURPOSE: EXCELLENCE IN EDUCATION FUND

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$535,791,207
Earnings$93,733,325
Admin Expense$5,635,863
Net Contributions$7,161,871
Grants$11,342,139
Ending Balance$619,708,401

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