Michigan Health Endowment Fund

Organization Overview

Michigan Health Endowment Fund is located in Brighton, MI. The organization was established in 2014. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Michigan Health Endowment Fund employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Health Endowment 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 12/2021, Michigan Health Endowment Fund generated $101.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $58.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Michigan Health Endowment Fund has awarded 884 individual grants totaling $234,590,826. 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

THE FUND WAS FORMED TO SUPPORT EFFORTS THAT IMPROVE THE QUALITY OF HEALTH CARE WHILE REDUCING COSTS TO RESIDENTS OF THE STATE OF MICHIGAN, AS WELL AS TO BENEFIT THE HEALTH AND WELLNESS OF MINOR CHILDREN AND SENIORS THROUGHOUT THE STATE, WITH A SIGNIFICANT FOCUS ON EIGHT AREAS OUTLINED IN ITS ENABLING LEGISLATION, BY AWARDING GRANTS FOR NOT MORE THAN THREE YEARS FOR PROJECTS THAT SUPPORT THESE PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FUND PROVIDES GRANTS TO VARIOUS PUBLIC CHARITIES TO HELP IMPROVE THE HEALTH OF MICHIGAN RESIDENTS AND REDUCE THE COST OF HEALTH CARE, WITH A SPECIAL EMPHASIS ON THE HEALTH AND WELLNESS OF CHILDREN AND SENIORS.


UNDER ITS STATUTORILY REQUIRED MEDICARE SUPPLEMENTAL INSURANCE (MEDIGAP) SUBSIDY PROGRAM, THE FUND PROVIDES SUBSIDIES TO ELIGIBLE SENIORS THROUGH 2022 FOR A TOTAL OF $120 MILLION.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Maximus Health Services Inc
Medigap Services
$1,502,076
Catchafire Inc
Grantee Capacity Building Services
$563,000
Northern Trust
Investment Advisory Services
$672,171
Wayne State University
Addiction Ecosystem Study
$274,875
Mha Keystone Center
Age Friendly Health Systems Study
$273,583
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$85,050,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$85,050,000
Total Program Service Revenue$0
Investment income $7,681,307
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $9,144,254
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $101,875,561

Grants Awarded

Over the last fiscal year, Michigan Health Endowment Fund has awarded $33,389,776 in support to 170 organizations.

Grant RecipientAmount

THE REGENTS OF THE UNIVERSITY OF MICHIGAN

Org PageRecipient Profile

Ann Arbor, MI

PURPOSE: TRAILS: BUILDING A STATEWIDE STUDENT MENTAL HEALTH SOLUTION

$500,000

MICHIGAN STATE UNIVERSITY

Org PageRecipient Profile

East Lansing, MI

PURPOSE: HOSPITAL ENGAGEMENT ADDICTION RESOURCES TEAM

$500,000

MICHIGAN ASSOCIATION FOR LOCAL PUBLIC HEALTH

Org PageRecipient Profile

Lansing, MI

PURPOSE: OUTREACH TO VULNERABLE POPULATIONS FOR COVID-19 VACCINES

$500,000

MICHIGAN DEPARTMENT OF HEALTH AND HUMAN SERVICES

PURPOSE: AUTOMATING MEDICAID FOR INCARCERATED BENEFICIARIES

$500,000

MICHIGAN DEPARTMENT OF EDUCATION

PURPOSE: STRENGTHENING SYSTEMS OF SUPPORT FOR LGBTQ+ STUDENTS

$500,000

DISTRICT HEALTH DEPARTMENT #10

PURPOSE: INTERCONNECTED MENTAL HEALTH SYSTEM FOR YOUTH

$500,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Michigan Health Endowment Fund has recieved totaling $100,000.

Awarding OrganizationAmount
Metro Health Foundation

Allen Park, MI

PURPOSE: TO SUPPORT TELEHEALTH SERVICES FOR THE SOUTHEAST MICHIGAN HEALTH SAFETY NET DURING THE COVID-19 CRISIS.

$50,000
Metro Health Foundation

Allen Park, MI

PURPOSE: TO SUPPORT TELEHEALTH SERVICES FOR THE SOUTHEAST MICHIGAN HEALTH SAFETY NET DURING THE COVID-19 CRISIS.

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$242,089,772
Earnings$41,488,068
Net Contributions$26,050,000
Ending Balance$309,627,840

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