Receives, invests, and disburse contributions raised to support Michigan Technological University.
Key facts about Michigan Tech Fund
In short: Michigan Tech Fund gave $19.5M across 1 grant in 2025 (avg $19.5M), mostly in Michigan. Source: 2025 IRS Form 990.
- EIN
- 38-1554664
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $19,537,124
- Grants made (2025)
- 1
- Average grant
- $19,537,124
- Median grant
- $19,537,124
- Total assets
- $255,178,493
- Primary geography
- Michigan (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$255.2M
+7.0% YoY
Annual Giving
$19.5M
+0.3% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$19.5M
+0.3% YoY
How Michigan Tech Fund gives
- Giving grew 31% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About Michigan Tech Fund
Based on IRS filings
Michigan Tech Fund is a nonprofit organization focused on Education, based in Houghton, MI. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $255.2M in total assets. In 2025, it awarded 1 grant totaling $19.5M. Net investment income was $8.7M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Michigan Technological University Houghton, MI | support programs | $19,537,124 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $255,178,493 | $238,523,751 | $222,223,366 |
| Revenue | $26,790,678 | $27,066,650 | $20,705,355 |
| Expenses | $20,533,502 | $20,325,951 | $14,627,996 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $8,678,306 | $6,523,211 | $4,301,965 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Officers and directors from IRS filings
Michigan Tech Fund is led by Richard Koubek, President on every filing since 2024; none of the 13 officers listed in 2025 report compensation.
Officers on the 2025 filing
Richard Koubek
President
On filings since 2024
No compensation reported
James Parm
Chair
Director → Chair, 2025
On filings since 2024
No compensation reported
Brenda Ryan
Director
On filings since 2024
No compensation reported
Jeffrey Littmann
Director
On filings since 2024
No compensation reported
Jon Jipping
Director
On filings since 2024
No compensation reported
Karl LaPeer
Director
On filings since 2024
No compensation reported
Nicholas Stevens
Director
On filings since 2024
No compensation reported
Steve Tomaszewski
Director
On filings since 2024
No compensation reported
Stephen Worthy
Director
New on the 2025 filing
No compensation reported
Julie Seppala
Treasurer
On filings since 2024
No compensation reported
Karla Aho
Secretary
On filings since 2024
No compensation reported
William Roberts
Vice President
On filings since 2024
No compensation reported
Carlos Rodriguez
Treasurer
New on the 2025 filing
No compensation reported
Former officers (1)
- Former: Michael Pulick (2024) — Chair
Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Michigan Tech Fund
How much does Michigan Tech Fund give each year?
Michigan Tech Fund gave $19.5M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $19.5M across 1 grant.
How large is Michigan Tech Fund?
Michigan Tech Fund reported $255.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $26.8M.
What is Michigan Tech Fund?
Michigan Tech Fund is a nonprofit organization focused on Education, based in Houghton, MI. It holds $255.2M in total assets as of 2025.
Where does Michigan Tech Fund operate?
Michigan Tech Fund has awarded grants in Michigan.
What is Michigan Tech Fund's EIN?
Michigan Tech Fund's EIN (Employer Identification Number) is 38-1554664. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Michigan Tech Fund by hand.
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