Margaret Dunning Foundation
- Assets
- $25.2m
- Revenue
- $1.5m
- Investments
- $24.3m
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 06/1997
- Data as of
- 12/2020
- EIN
- 38-3352930
Organization Overview
Margaret Dunning Foundation is located in Traverse City, MI. The organization was established in 1997. 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.
For the year ending 12/2020, Margaret Dunning Foundation generated $1.5m in total revenue. All expenses for the organization totaled $1.2m during the year ending 12/2020. While expenses have increased by 140.6% 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 2015, Margaret Dunning Foundation has awarded 88 individual grants totaling $3,859,300. 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 |
|---|---|---|---|
Robin Ferriby Secretary And Director | 1 | $0 | |
Lois Stulberg Vice President And Directo | 1 | $0 | |
Robert Appel Treasurer And Director | 1 | $0 | |
Robert M Stulberg President And Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Merrill Lynch | 12/30/20 | $117,187 |
Neithercut Philanthropy Advisors Llc | 12/30/20 | $200,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $838,873 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $668,925 |
| Capital Gain Net Income | $668,925 |
| Net ST Capital Gain | $0 |
| Income Modifications | $39,397 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,068 |
| Total Revenue | $1,520,866 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,723 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $93,493 |
| Total operating and administrative expenses | $322,807 |
| Contributions, gifts, grants paid | $883,000 |
| Total expenses and disbursements | $1,205,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $869,541 |
| Net Accounts receivable | $0 |
| 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 | $24,330,211 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,199,752 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $315,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,489 |
| Total liabilities | $317,489 |
Grants Awarded
Over the last fiscal year, Margaret Dunning Foundation has awarded $1,206,250 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
Detroit, MI PURPOSE: NATIONAL AUTO DESIGN COMPETITION | $138,250 |
Detroit, MI PURPOSE: CAR DESIGN IN THE MOTOR CITY, 1950-2020 EXHIBITION | $100,000 |
OAKLAND SCHOOLS PURPOSE: EQUIPMENT FOR AUTO TECH PROGRAMS | $87,000 |
Flint, MI PURPOSE: NEW AUTO HISTORY EXHIBITS AT THE SLOAN MUSEUM | $75,000 |
Plymouth, MI PURPOSE: FACILITY IMPROVEMENTS | $62,000 |
PLYMOUTH DISTRICT LIBRARY PURPOSE: HVAC SYSTEM REPAIR | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles F Kettering Foundation Dayton, OH | $383,190,815 | $22,309,349 |
The Meijer Foundation Grand Rapids, MI | $158,741,993 | $21,525,422 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $352,972,612 | $350,312,570 |
Lunda Charitable Fund Inc Black River Falls, WI | $54,780,973 | $2,553,689 |
Fca Foundation Auburn Hills, MI | $0 | $17,251,346 |
Osteopathic Heritage Foundation Columbus, OH | $240,018,107 | $23,845,166 |
Liberty Fund Inc Carmel, IN | $0 | $15,656,558 |
Fred A And Barbara M Erb Family Foundation Royal Oak, MI | $295,394,682 | $13,535,888 |
Timken Foundation Of Canton Canton, OH | $60,577,271 | $6,517,764 |
Herbert H Kohl Charities Inc Milwaukee, WI | $0 | $4,457,488 |
Dekko Foundation Inc Kendallville, IN | $207,220,689 | $19,099,301 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI | $222,792,049 | $14,759,051 |