Amical Foundation

Foundation · Grantmaker Dallas, TX EIN: 75-2736902

Amical Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Dallas, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $323K in total assets. In 2024, it awarded 6 grants totaling $18K. Net investment income was $8K.

Key facts about Amical Foundation

EIN: 75-2736902
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $18,000
Grants made (2024): 6
Average grant: $3,000
Median grant: $2,000
Total assets: $323,014
Primary geography: Michigan (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Amical Foundation funds

By grant dollars, the top recipient states for Amical Foundation's 6 itemized 2024 grants were Michigan (100%). The most frequent recipient cities were Traverse City, MI (2 grants). None of its 6 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship" (6 grants).

How Amical Foundation gives

Giving grew 50% from 2021 to 2024. Method
In 2024 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Amical Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$323K

-7.9% YoY

Annual Giving

$18K

+4.0% YoY

Grant Count

+200.0% YoY

Avg Grant Size

$3K

-65.3% YoY

Under IRS private-foundation payout rules, Amical Foundation reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.

About Amical Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Michigan $18K (100%)

Share of all 6 itemized 2024 grant dollars.

States

Michigan

Cities

Traverse CityKalamazooEast LansingAllendaleAnn ArborBig RapidsGrand RapidsHoughton

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$323,014	$350,606	$366,471
Revenue	$-2,355	$7,330	$18,314
Expenses	$25,237	$23,195	$26,847
Qualifying Distributions	$18,000	$17,300	$22,700
Net Investment Income	$8,212	$7,330	$18,314
Distributable Amount	$18,319	$17,983	$19,574

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

22 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Northwestern Michigan College Foundation ($8,000), Northwestern Michigan College ($2,000), Cornerstone University ($2,000).

Recipient	Purpose	Amount
NORTHWESTERN MICHIGAN COLLEGE FOUNDATION Traverse City, MI	SCHOLARSHIP	$8,000
NORTHWESTERN MICHIGAN COLLEGE Traverse City, MI	SCHOLARSHIP	$2,000
CORNERSTONE UNIVERSITY Grand Rapids, MI	SCHOLARSHIP	$2,000
UNIVERSITY OF MICHIGAN Ann Arbor, MI	SCHOLARSHIP	$2,000
MICHIGAN STATE UNIVERSITY East Lansing, MI	SCHOLARSHIP	$2,000
MICHIGAN TECHNOLOGICAL UNIVERSITY Houghton, MI	SCHOLARSHIP	$2,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Judith L Sullivan	Director	2	—
Kristin Corr	Director	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Amical Foundation?

Amical Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Dallas, TX. It holds $323K in total assets as of 2024.

How large is Amical Foundation?

As of 2024, Amical Foundation holds $323K in total assets with $-2,355 in annual revenue. It awarded 6 grants totaling $18K in 2024.

Where does Amical Foundation operate?

Amical Foundation has awarded grants in Michigan.

What size grants does Amical Foundation award?

In 2024, Amical Foundation awarded 6 grants totaling $18K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Amical Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Amical Foundation reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.