Benson & Edith Ford Fund
- Assets
- $17.0m
- Revenue
- $4.2m
- Investments
- $11.8m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 01/1954
- Data as of
- 12/2022
- EIN
- 38-6066333
Organization Overview
Benson & Edith Ford Fund is located in Detroit, MI. The organization was established in 1954. 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. Benson & Edith Ford Fund 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, Benson & Edith Ford Fund generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.3% 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 2014, Benson & Edith Ford Fund has awarded 371 individual grants totaling $51,494,010. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn F Alandt President/director | 0.25 | $0 | |
Benson Ford Jr Vice-President/director | 0.25 | $0 | |
David P Larsen Secretary | 0.25 | $0 | |
David M Hempstead Director | 0.25 | $0 | |
Daniel Faett Treasurer | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Northern Trust Company 44-91754 | 12/30/21 | $44,393 |
The Northern Trust Company 44-91755 | 12/30/21 | $7,060 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $66,947 |
| Dividends & Interest | $118,566 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,864,235 |
| Capital Gain Net Income | $3,863,905 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $148,011 |
| Total Revenue | $4,197,759 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $58,110 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $666 |
| Total operating and administrative expenses | $163,522 |
| Contributions, gifts, grants paid | $1,449,089 |
| Total expenses and disbursements | $1,612,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,760 |
| Savings and temporary cash investments | $5,098,188 |
| 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 | $6,080,580 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,874 |
| Total assets | $17,049,661 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $19,980 |
| Total liabilities | $19,980 |
Grants Awarded
Over the last fiscal year, Benson & Edith Ford Fund has awarded $1,449,089 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: CHOCOLATE JUBILEE DONATION | $25,000 |
BAPTIST HEALTH SOUTH FLORIDA PURPOSE: MARINERS HOSPITAL WELLNESS CENTER | $15,000 |
BOY SCOUTS OF AMERICA PURPOSE: GREAT LAKES FIELD SERVICE COUNCIL | $5,000 |
CAPUCHIN SOUP KITCHEN PURPOSE: PROGRAM SERVICES | $15,000 |
CHRIST CHURCH GROSSE POINTE PURPOSE: PROGRAM SERVICES | $3,000 |
COLLEGE FOR CREATIVE STUDIES PURPOSE: BENSON AND EDITH FORD FUND SCHOLARSHIP | $700,000 |