Boundless Futures Foundation
Boundless Futures Foundation is a private foundation based in Traverse City, Michigan. It provides financial and leadership resources to female founders who use their businesses for growth and social good, and supports nonprofits that help women start and sustain businesses.
Key facts about Boundless Futures Foundation
In short: Boundless Futures Foundation gave $510K across 23 grants in 2024 (avg $22K), top state Michigan. Source: 2024 IRS Form 990-PF.
- EIN
- 87-2375092
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $510,000
- Grants made (2024)
- 23
- Average grant
- $22,174
- Median grant
- $20,000
- Total assets
- $80,266
- Primary geography
- Michigan (19% of itemized 2024 grant dollars)
- How to apply
- The 2024 filing says applications should be submitted through the foundation’s website and that award restrictions can be found there. Full details ↓
Data from IRS Form 990-PF, 2024; updated October 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$80K
Annual Giving
$510K
Grant Count
23
Avg Grant Size
$22K
Under IRS private-foundation payout rules, Boundless Futures Foundation reported a distributable amount of $71 for 2024 — the minimum it must pay out in qualifying distributions.
How Boundless Futures Foundation gives
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Mission & Focus Areas
The foundation’s stated mission is to provide financial and leadership resources for female founders who leverage their businesses for growth and good. Its website says it funds early-stage businesses whose products, practices, or business models create social impact, as well as mission-aligned nonprofits providing entrepreneurship-focused skills and resources for women.
The website identifies poverty and hunger, sustainability and the environment, and strong communities as areas addressed by eligible businesses. It also describes support for businesses that tackle social issues, improve on the status quo, or give back intentionally.
Among nonprofit grantees, The Women’s Impact Alliance says it brings together and supports young women leaders of impact through coaching and fellowship. The Center for Women & Enterprise says it helps women business owners and aspiring female entrepreneurs launch and grow businesses through education, training, technical assistance, market access, and paths to funding. The Women’s Business Development Center says it supports and accelerates business development and growth to strengthen business owners’ participation in and impact on the economy.
Grantmaking
In 2024, the foundation gave $510,000 through 23 grants. Grants ranged from $10,000 to $30,000, with a median of $20,000. Examples include $30,000 to the Center for Women & Enterprise for its 2024 gala sponsorship, $30,000 to Traverse Connect Foundation for women’s leadership scholarships and programming, and $30,000 to The Women’s Impact Alliance for scholarship funding for its coaching program. Other awards included $25,000 to the Women’s Business Development Center for its Plan for Profit programs and $25,000 to Venture North Funding & Development for business support and mentorship for female business owners in its service area.
The foundation’s website describes EmpowHer Grants for eligible female entrepreneurs aged 22 or older with revenue-earning businesses registered and operating solely in the United States. The business must be no more than five years old and make a social impact through its product or business model. Applicants may request up to $50,000; funding is reimbursed after proof of payment for business-related expenses. The website says applicants must be prepared to self-report a credit score and agree to a third-party background check.
How to Apply
The 2024 filing says applications should be submitted through the foundation’s website and that award restrictions can be found there. It lists no deadline. The website describes the Her Village Grants program as evolving in 2025, with further information to follow.
Open Grants
2 open opportunities from Boundless Futures Foundation
Ready to take the next step with Boundless Futures Foundation?
Geographic Focus
Where this funder awards grants
The 2024 grants went to recipients in multiple states. Michigan accounted for 19% of grant dollars, Pennsylvania 13%, Massachusetts 10%, Minnesota 10%, and California 10%.
Grant Distribution by State
Share of 2024 grant dollars across all 23 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 23 grants totaling $510K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Center for Women & Enterprise Inc ($30K). Together the top 10 received $265K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 23 grants of 23 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Center for Women & Enterprise Inc Boston, MA | 2024 CWE Gala Presenting Sponsorship | $30,000 |
| Traverse Connect Foundation Traverse City, MI | Scholarships for women participating in the Women's Leadership Cohort, Women's Leadership Roundtable, and the Community Mentoring Program. | $30,000 |
| The Women's Impact Alliance San Rafael, CA | Scholarship funding for female social entrepreneurs (ie, women intending to start or already started for-profit businesses whose product, service or model is designed to make a positive social impact) to participate in coaching programming in 2024/2025. | $30,000 |
| Nosh Posh LLC Saint Paul, MN | Expenses related to stated anticipated 2024 business budget items, including marketing, personnel, and product expenses. | $25,000 |
| 10-42 TAC Med LLC (Rescue in Color) Plymouth, MN | Reimbursement of expenses related to inventory and/or publicity, marketing and legal services. | $25,000 |
| Baleena CO Philadelphia, PA | Legal and professional fees, product development, materials, and prototyping, rent, and marketing expenses. | $25,000 |
| Evie CO LLC Boulder, CO | Contractor fees and packaging. | $25,000 |
| Recycle Read Repeat Eagleville, PA | Inventory and marketing expenses | $25,000 |
| Rose Cat Coffee Company LLC Lincoln, NE | Expenses related to payroll, marketing, rent, and business strategy. | $25,000 |
| Venture North Funding & Development Traverse City, MI | Business support and mentorship for female business owners in Venture North's service area. | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $80,266 | $1,636,753 | $822,406 | $510,000 across 23 grants |
| 2023 | Not listed | $117,188 | $117,188 | 0 grants |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $80,266 | — | — |
| Revenue | $1,636,753 | $117,188 | — |
| Expenses | $822,406 | $117,188 | — |
| Qualifying Distributions | $807,471 | $117,188 | — |
| Net Investment Income | $745,490 | — | — |
| Distributable Amount | $71 | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists McKeel O Hagerty as President and Director, Soon Hagerty as Secretary, Treasurer, and Director, and Jessica Sullivan as Vice President and Executive Director. The website identifies Soon and McKeel Hagerty as the foundation’s founders.
Boundless Futures Foundation is led by Jessica Sullivan, Vice President & Executive Director on every filing since 2021; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jessica Sullivan
Vice President & Executive Director
On filings since 2021
1 hr/week
No compensation reported
McKeel O. Hagerty
President & Director
On filings since 2021
1 hr/week
No compensation reported
Soon Hagerty
Secretary, Treasurer & Director
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: Boundless Futures
Mailing address: PO Box 1041, Traverse City, MI 49685
Phone: (231) 492-6798
Email: info@boundlessfutures.org
Website: https://boundlessfutures.org
Frequently asked questions about Boundless Futures Foundation
How much does Boundless Futures Foundation give each year?
Boundless Futures Foundation gave $510K across 23 grants in 2024, according to its 2024 IRS Form 990-PF.
What is Boundless Futures Foundation's typical grant size?
Boundless Futures Foundation's median grant in 2024 was $20,000, and its average grant was $22,174, across 23 grants on its 2024 IRS Form 990-PF.
Where does Boundless Futures Foundation give grants?
Boundless Futures Foundation's top state is Michigan, with 19% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Pennsylvania (13%) and Massachusetts (10%). The most frequent recipient cities were Traverse City, MI (3 grants), Chicago, IL (2 grants) and Philadelphia, PA (2 grants).
Does Boundless Futures Foundation give general operating support?
Occasionally: 4% of Boundless Futures Foundation's 2024 grants with a stated purpose (1 of 23) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Boundless Futures Foundation's largest grantees?
Boundless Futures Foundation's largest 2024 grantees include Center for Women & Enterprise Inc ($30,000), Traverse Connect Foundation ($30,000) and The Women's Impact Alliance ($30,000), according to its 2024 IRS Form 990-PF. Together they received 18% of its itemized 2024 grant dollars.
How large is Boundless Futures Foundation?
Boundless Futures Foundation reported $80K in total assets on its 2024 IRS Form 990-PF. It paid out $807K in qualifying distributions that year, against a required minimum of $71 (roughly 5% of its investment assets).
What does Boundless Futures Foundation fund?
The foundation’s stated mission is to provide financial and leadership resources for female founders who leverage their businesses for growth and good. See mission & focus areas ↑
How do I apply for a grant from Boundless Futures Foundation?
The 2024 filing says applications should be submitted through the foundation’s website and that award restrictions can be found there. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Boundless Futures Foundation's EIN?
Boundless Futures Foundation's EIN (Employer Identification Number) is 87-2375092. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
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