Herbert H And Barbara C Dow Foundation
- Assets
- $23.4m
- Revenue
- $1.2m
- Investments
- $22.6m
- Employees
- 0
- Location
- Frankfort, MI
- Founding
- 09/1959
- Data as of
- 12/2022
- EIN
- 38-6058513
Organization Overview
Herbert H And Barbara C Dow Foundation is located in Frankfort, MI. The organization was established in 1959. 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. Herbert H And Barbara C 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 12/2022, Herbert H And Barbara C Dow Foundation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Herbert H And Barbara C Dow Foundation has awarded 84 individual grants totaling $3,624,000. 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 |
|---|---|---|---|
Willard H Dow II President/trustee | 2 | $0 | |
Pamela D Collie Vp/sec/treasurer/trustee | 2 | $0 | |
Margo Praytor Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $580,651 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $628,685 |
| Capital Gain Net Income | $628,685 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $85 |
| Total Revenue | $1,209,421 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,728 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,111 |
| Total operating and administrative expenses | $241,823 |
| Contributions, gifts, grants paid | $1,316,000 |
| Total expenses and disbursements | $1,557,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $808,459 |
| 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 | $11,106,481 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,290 |
| Total assets | $23,447,989 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $300,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $300,000 |
Grants Awarded
Over the last fiscal year, Herbert H And Barbara C Dow Foundation has awarded $1,416,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA HUMANE SOCIETY PURPOSE: TRUCK/FUEL | $80,000 |
ARIZONA SCIENCE CENTER PURPOSE: GIRLS IN STEM PROGRAM | $15,000 |
BARROW NEUROLOGICAL FOUNDATION PURPOSE: LEWIS HEADACHE CENTER MATCHING GIFT | $52,000 |
FRIENDS OF THE BETSIE VALLEY TRAIL PURPOSE: PAVEMENT FOR NEW TRAIL, BEULAH TO THOMPSONVILLE. | $50,000 |
BENZIE SENIOR RESOURCES PURPOSE: SENIOR ASSISTANCE OPERATIONAL FUNDS. | $25,000 |
BENZIE AREA CHRISTIAN NEIGHBORS PURPOSE: CAPITAL CAMPAIGN | $100,000 |