Invest Detroit Foundation
Invest Detroit Foundation is a 501(c)(3) nonprofit organization and Community Development Financial Institution (CDFI) based in Detroit, Michigan. Established in 2010, the organization functions as a financial catalyst for economic growth in underserved communities, with a primary focus on Detroit and the Southeast Michigan region. The foundation operates through targeted capital deployment, strategic partnerships, and financial tools designed to serve borrowers who lack access to traditional sources of capital.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$208.6M
+11.8% YoY
Annual Giving
$602K
-47.2% YoY
Grant Count
13
-7.1% YoY
Avg Grant Size
$46K
-43.1% YoY
Mission & Focus Areas
Mission: Invest Detroit is a financial catalyst for economic growth in underserved communities and markets in Detroit and the Southeast Michigan region.
Primary Focus Areas:
- Real Estate development and financing
- Small Business support and financing
- Commercial & Industrial lending
- Venture Capital investment
Program Areas:
- Strategic Neighborhood Fund: A strategic approach focusing real estate and small business programs with commitment to community engagement, inclusivity, and partnership with other agencies
- ID Ventures: Supports promising Michigan-based, high-tech startups through early-stage investment capital and programs that strengthen the startup ecosystem, providing inclusive access to resources for Michigan entrepreneurs with high-growth potential
- Neighborhood Revitalization: Supporting inclusive neighborhood revitalization through strategic interventions
- Grant Programs: Offering wrap-around support for entrepreneurs, developers, neighborhood planning, parks, and housing rehabilitation efforts
Grantmaking
The organization primarily deploys higher-risk loans targeting borrowers cut off from traditional capital sources. Philanthropic support is designed to provide longer-term impact as loans are repaid and funds are redeployed to other critical projects.
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Geographic Focus
Where this funder awards grants
Primary focus on Detroit and Southeast Michigan region. In 2024, 76% of investments reached underserved communities within Detroit.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
2024 Financial Data:
- Total Assets: $208,587,430
- Total Revenue: $32,419,547
- Total Expenses: $22,165,504
- Total Liabilities: $64,100,000
- Number of Employees: 58
Capital Deployment:
- 2024: Deployed $45 million and leveraged more than $271 million in additional investment
- 2023: Deployed nearly $53 million (record-breaking achievement)
Impact Metrics (2024):
- Supported 60 businesses and projects citywide
- Created or retained nearly 700 jobs
- 76% of investments reached underserved communities
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $208,587,430 | $186,536,906 | $161,002,008 |
| Revenue | $32,419,547 | $29,564,845 | $24,220,233 |
| Expenses | $22,165,504 | $14,291,075 | $16,790,775 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,014,935 | $1,484,354 | $327,653 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
110 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Life Remodeled ($178,300), Osborn Neighborhood Alliance ($91,316), City of Detroit ($82,050).
| Recipient | Purpose | Amount |
|---|---|---|
| LIFE REMODELED DETROIT, MI | DEXTER FACADE PROGRAM (LIFE REMODELED) SPARK GRANT | $178,300 |
| OSBORN NEIGHBORHOOD ALLIANCE DETROIT, MI | MAPLERIDGE DUPLEX (G7) REHAB PROJECT GRANT | $91,316 |
| CITY OF DETROIT DETROIT, MI | DEXTER WAYFINDING GRANT | $82,050 |
| EAST WARREN DEVELOPMENT CORP DETROIT, MI | E. WARREN FEST 2024 - COMMUNITY ENGAGEMENT GRANT | $54,329 |
| DETROIT CDFI COALITION DETROIT, MI | DETROIT CDFI COALITION GRANT, FROM INCOMING GRANTS 1/2 FROM KRESGE AND 1/2 FROM HW | $50,000 |
| BETTER BLOCK FOUNDATION DALLAS, TX | G7 PAVILLION SPARK GRANT | $35,700 |
| MICHIGAN CDFI COALITION LANSING, MI | PASSTHRU GRANT FROM THE KRESGE FOUNDATION FOR MI CDFI COALITION | $25,000 |
| METRO SOLUTIONS INC SOUTHFIELD, MI | GREATER DETROIT WINDSOR PROJECT PASSTHRU GRANT OF HUDSON WEBBER GOS | $25,000 |
| EMPOWERMENT PLAN DETROIT, MI | SNF COMMUNITY ENGAGMENT - PLAN MURAL AND ACTIVITIES | $15,840 |
| SADZA SPACE DETROIT, MI | SNF COMMUNITY ENGAGEMENT GRANT | $14,960 |
Leadership & Key People
Leadership team and compensation from IRS filings
President and CEO: Mr. David Blaszkiewicz
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MATTHEW P CULLEN | CHAIRMAN | 1 | — |
| RODERICK D GILLUM | VICE CHAIRMAN | 1 | — |
| JOANN CHAVEZ | DIRECTOR | 1 | — |
| ANTOINE M GARIBALDI PHD | DIRECTOR | 1 | — |
| WENDY LEWIS JACKSON | DIRECTOR | 1 | — |
| DONALD KUNZ | CORPORATE DEPARTMENT CHAIR | 1 | — |
| CHARLES G MCCLURE | DIRECTOR | 1 | — |
| DAN NISSENBAUM | DIRECTOR | 1 | — |
| CHRIS RIZIK | DIRECTOR | 1 | — |
| ALAN S SCHWARTZ | DIRECTOR | 1 | — |
| LAURA TRUDEAU | DIRECTOR | 1 | — |
| LARRY BRINKER JR | DIRECTOR | 1 | — |
| MICHAEL LAND | DIRECTOR | 1 | — |
| BRENDA LAWRENCE | DIRECTOR | 1 | — |
| PAUL MOZAK | DIRECTOR | 1 | — |
| RICHARD A MANOOGIAN | DIRECTOR - PART YEAR | 1 | — |
| DAVID BLASZKIEWICZ | PRESIDENT & CEO | 30 | $454,305 |
| CARRIE LEWAND-MONROE | CHIEF OPERATING OFFICER | 30 | $265,209 |
| AMBER GLADNEY | ASSISTANT SECRETARY | 40 | $156,582 |
| PAUL TRULIK | SECRETARY/TREASURER | 1 | — |
| PATRICIA GLAZA | EXECUTIVE VICE PRESIDENT, VENTURE | 40 | $261,877 |
| KEONA COWAN | CHIEF LENDING OFFICER | 30 | $261,710 |
| MARTIN DOBER | SENIOR VICE PRESIDENT, VENTURE | 40 | $214,645 |
| DANIELLE GRACEFFA | GENERAL COUNSEL | 40 | $243,153 |
| JAMIE GEARY | CHIEF ACCOUNTING OFFICER | 40 | $210,416 |
Recent News & Activity
Recent developments and announcements
**2024 Achievements:**
Invest Detroit supported 60 businesses and projects citywide, deploying $45 million and leveraging more than $271 million in additional investment to create housing, grow local businesses, and bring new life to commercial corridors.
Invest Detroit and Ally Charitable Foundation Announce $1 Million Grant to**Strategic Neighborhood Fund Expansion:**
Ally Charitable Foundation announced a $1 million grant to support the City of Detroit's Strategic Neighborhood Fund
Invest Detroit and Ally Charitable Foundation Announce $1 Million Grant toGilbert Family Foundation announced a $15 million grant to support the Strategic Neighborhood Fund
Invest Detroit and Ally Charitable Foundation Announce $1 Million Grant toMayor and Invest Detroit announced a $40 million third phase of the Strategic Neighborhood Fund to extend progress
Invest Detroit and Ally Charitable Foundation Announce $1 Million Grant to**Detroit Startup Fund:**
Mayor and Detroit Economic Growth Corporation presented $300,000 in grants to 13 innovative startups through the Detroit Startup Fund, with Invest Detroit's involvement in supporting high-tech and entrepreneur activity.
Mayor, DEGC present $300,000 in grants to 13 innovative startups throughSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Invest Detroit Foundation fund?
**Mission:** Invest Detroit is a financial catalyst for economic growth in underserved communities and markets in Detroit and the Southeast Michigan region. **Primary Focus Areas:** • Real Estate development and financing • Small Business support and financing • Commercial & Industrial lending • Venture Capital investment **Program Areas:** • **Strategic Neighborhood Fund:** A strategic approach focusing real estate and small business programs with commitment to community engagement, inclusivit…
How do I apply for a grant from Invest Detroit Foundation?
**Grant Activity:** • Total giving: $766,460 (2024) • Typical award range: $5,189–$3,067,750 • Grant programs have provided over $22 million in wrap-around support for entrepreneurs, developers, neighborhood planning, parks, and housing rehabilitation efforts **Recent Grants (2024):** • Life Remodeled: $178,300 (Dexter Facade Program Spark Grant) • Osborn Neighborhood Alliance: Grant for Mapleridge Duplex Rehab Project **Funding Approach:** The organization primarily deploys higher-risk loans t…
Where does Invest Detroit Foundation make grants?
Primary focus on Detroit and Southeast Michigan region. In 2024, 76% of investments reached underserved communities within Detroit.
What size grants does Invest Detroit Foundation award?
In 2024, Invest Detroit Foundation awarded 13 grants totaling $602K — an average of about $46K per grant, based on its IRS Form 990 filings.
What is Invest Detroit Foundation's EIN?
Invest Detroit Foundation's EIN (Employer Identification Number) is 27-1927369. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Invest Detroit Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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