Michael and Marian Ilitch Foundation
Michael and Marian Ilitch Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DETROIT, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.7M in total assets. In 2024, it made $23K in qualifying distributions. Net investment income was $257K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.7M
+4.3% YoY
Revenue
$268K
+13.2% YoY
Qualifying Distributions
$23K
-91.0% YoY
Expenses
$34K
-87.0% YoY
Under IRS private-foundation payout rules, Michael and Marian Ilitch Foundation reported a distributable amount of $271K for 2024 — the minimum it must pay out in qualifying distributions.
About Michael and Marian Ilitch Foundation
Based on IRS filings
Michael and Marian Ilitch Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DETROIT, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.7M in total assets. In 2024, it made $23K in qualifying distributions. Net investment income was $257K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,685,448 | $5,452,273 | $5,479,961 |
| Revenue | $267,525 | $236,318 | $46,026 |
| Expenses | $34,350 | $264,006 | $165,220 |
| Qualifying Distributions | $23,389 | $258,700 | $160,220 |
| Net Investment Income | $256,564 | $231,012 | $41,026 |
| Distributable Amount | $270,704 | $265,670 | $274,196 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARIAN ILITCH | TRUSTEE | 0.1 | — |
| GARDEN TRUST COMPANY LLC | ADMINISTRATIVE TRUSTEE | 0.75 | $7,500 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Michael and Marian Ilitch Foundation?
Michael and Marian Ilitch Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DETROIT, MI. It holds $5.7M in total assets as of 2024.
How large is Michael and Marian Ilitch Foundation?
As of 2024, Michael and Marian Ilitch Foundation holds $5.7M in total assets with $268K in annual revenue.
Where does Michael and Marian Ilitch Foundation operate?
Michael and Marian Ilitch Foundation has awarded grants in Michigan, Montana.
How much is Michael and Marian Ilitch Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael and Marian Ilitch Foundation reported a distributable amount of $271K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michael and Marian Ilitch Foundation's EIN?
Michael and Marian Ilitch Foundation's EIN (Employer Identification Number) is 47-7377973. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Michael and Marian Ilitch 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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