Michigan Founders Fund
MICHIGAN FOUNDERS FUND (MFF) HELPS ENTREPRENEURS AND THEIR TEAMS BECOME ACTIVE PARTICIPANTS IN THE COMMUNITIES WHERE THEY OPERATE THROUGHOUT THE STATE OF MICHIGAN. MFF WILL PROVIDE EDUCATIONAL PROGRAMMING AND RESOURCES THAT EQUIP ENTREPRENEURS TO BECOME STRONGER LEADERS AND HELP THEM BUILD DIVERSE, EQUITABLE AND INCLUSIVE COMPANY CULTURES. MFF PROGRAMMING WILL ENABLE ENTREPRENEURS TO CONSIDER THE IMPACT OF THE BUSINESS ON MULTIPLE STAKEHOLDERS, SOCIETY AND THE ENVIRONMENT. MFF WILL PROVIDE EVIDENCED-BASED DATA THAT EMPOWERS ENTREPRENEURS TO MAKE CHARITABLE FINANCIAL AND SERVICE CONTRIBUTIONS TO SUPPORT THE ONGOING WORK OF MFF AND OTHER NONPROFIT 501(C)(3) ORGANIZATIONS DEDICATED TO ADVANCING ENTREPRENEURS AND STUDENTS IN STEM AND GENERATING POSITIVE, SUSTAINABLE PUBLIC BENEFITS TO COMMUNITIES THROUGHOUT MICHIGAN. MFF WILL COLLABORATE WITH OTHER 501(C)(3) ORGANIZATIONS TO PROMOTE THEIR WORK AND ORGANIZE SERVICE ACTIVITIES FOR ENTREPRENEURS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
+231.8% YoY
Annual Giving
$145K
-12.4% YoY
Grant Count
7
+75.0% YoY
Avg Grant Size
$21K
-50.0% YoY
About Michigan Founders Fund
Based on IRS filings
Michigan Founders Fund is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in ANN ARBOR, MI. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 7 grants totaling $145K. Net investment income was $20K.
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 | $1,396,799 | $420,972 | $387,553 |
| Revenue | $1,887,693 | $1,171,501 | $936,800 |
| Expenses | $1,681,191 | $1,148,589 | $583,538 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $19,956 | $3,109 | $685 |
| 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 7 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Reciprocity Llc ($30,000), Farmish Inc ($30,000), Strut Motors Inc ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ATHLYTIC LLC DETROIT, MI | SPORTS/TECH VENTURE PITCH WINNER | $7,000 |
| ALIVIO MEDICAL LLC ANN ARBOR, MI | SPORTS/TECH VENTURE PITCH WINNER | $7,500 |
| KIMMIE G LLC ANN ARBOR, MI | SPORTS/TECH VENTURE PITCH WINNER | $10,000 |
| RECIPROCITY LLC PONTIAC, MI | VENTURE TOGETHER COMPETITION WINNER | $30,000 |
| FARMISH INC GRAND RAPIDS, MI | VENTURE TOGETHER COMPETITION WINNER | $30,000 |
| STRUT MOTORS INC DETROIT, MI | VENTURE TOGETHER COMPETITION WINNER | $30,000 |
| WHATSEATLIKE INC DETROIT, MI | VENTURE TOGETHER COMPETITION WINNER | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DUG SONG | CO-CHAIR | 2 | — |
| BHUSHAN KULKARNI | CO-CHAIR | 2 | — |
| ADRIAN FORTINO | TREASURER | 2 | — |
| RISHI MOUDGIL | EXECUTIVE DIRECTOR | 40 | $152,293 |
| KATY LOCKER | BOARD MEMBER AT-LARGE | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Michigan Founders Fund?
Michigan Founders Fund is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in ANN ARBOR, MI. It holds $1.4M in total assets as of 2024.
How large is Michigan Founders Fund?
As of 2024, Michigan Founders Fund holds $1.4M in total assets with $1.9M in annual revenue. It awarded 7 grants totaling $145K in 2024.
Where does Michigan Founders Fund operate?
Michigan Founders Fund has awarded grants in District of Columbia, Michigan.
What size grants does Michigan Founders Fund award?
In 2024, Michigan Founders Fund awarded 7 grants totaling $145K — an average of about $21K per grant, based on its IRS Form 990 filings.
What is Michigan Founders Fund's EIN?
Michigan Founders Fund's EIN (Employer Identification Number) is 86-3992946. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Michigan Founders Fund'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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