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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$323K
-7.9% YoY
Annual Giving
$18K
+4.0% YoY
Grant Count
6
+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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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 |
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 include Northwestern Michigan College Foundation ($8,000), Northwestern Michigan College ($2,000), Cornerstone University ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NORTHWESTERN MICHIGAN COLLEGE TRAVERSE CITY, MI | SCHOLARSHIP | $2,000 |
| NORTHWESTERN MICHIGAN COLLEGE FOUNDATION TRAVERSE CITY, MI | SCHOLARSHIP | $8,000 |
| 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
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JUDITH L SULLIVAN | DIRECTOR | 2 | — |
| KRISTIN CORR | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
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.
What is Amical Foundation's EIN?
Amical Foundation's EIN (Employer Identification Number) is 75-2736902. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Amical Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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