Douglas F Allison Foundation
- Assets
- $28.3m
- Revenue
- $1.3m
- Investments
- $27.8m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 12/2015
- Data as of
- 12/2022
- EIN
- 47-2307697
Organization Overview
Douglas F Allison Foundation is located in Bloomfield Hills, MI. The organization was established in 2015. 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. Douglas F Allison 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, Douglas F Allison Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Douglas F Allison Foundation has awarded 34 individual grants totaling $5,675,000. 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 |
|---|---|---|---|
Kevin Kral Director, Treasurer | 7 | $38,500 | |
Sarah H Allison Director, President | 5 | $32,000 | |
Edward A Schwartz Director, Vice President | 5 | $32,000 | |
Craig W Hammond Director, Secretary | 5 | $32,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $708,583 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $471,875 |
| Capital Gain Net Income | $471,875 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $129,461 |
| Total Revenue | $1,309,919 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $134,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $10,657 |
| Interest | $0 |
| Taxes | $147,605 |
| Depreciation | $0 |
| Occupancy | $14,940 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,496 |
| Total operating and administrative expenses | $537,667 |
| Contributions, gifts, grants paid | $1,330,000 |
| Total expenses and disbursements | $1,867,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,296 |
| Savings and temporary cash investments | $116,307 |
| 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 | $27,766,841 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $28,266,444 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Douglas F Allison Foundation has awarded $1,330,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BEAUMONT FOUNDATION PURPOSE: GENERAL SUPPORT | $100,000 |
GLEANERS COMMUNITY FOOD BANK PURPOSE: GENERAL SUPPORT | $150,000 |
HILLSDALE COLLEGE PURPOSE: GENERAL SUPPORT | $300,000 |
KIRK IN THE HILLS PURPOSE: GENERAL SUPPORT | $180,000 |
MACKINAC CENTER FOR PUBLIC POLICY PURPOSE: GENERAL SUPPORT | $250,000 |
RACQUET UP DETROIT PURPOSE: GENERAL SUPPORT | $150,000 |