The Alabaster Fund
The Alabaster Fund is a private foundation, based in Traverse City, MI. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.0M in total assets. In 2025, it awarded 6 grants totaling $122K. Net investment income was $29K.
The Alabaster Fund at a glance
In short: The Alabaster Fund gave $122K across 6 grants in 2025 (avg $20K), mostly in Michigan. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $121,500
- +268.2% vs 2024
- Grants made (2025)
- 6
- +100.0% vs 2024
- Average grant
- $20,250
- +84.1% vs 2024
- Median grant
- $22,500
- Total assets
- $1,992,664
- -8.2% vs 2024
- Primary geography
- Michigan (74% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Alabaster Fund funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Grand Traverse Regional Community Foundation ($25K). Together the top 6 received $122K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 18 grants of 20 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How The Alabaster Fund gives
- Giving fell 43% from 2022 to 2025. Method
- In 2025 it paid out 84% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $33K (2024) to $215K (2022). In 2025 it made 6 grants totaling $122K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Grand Traverse Regional Community Foundation Traverse City, MI | General | $25,000 |
| Youth Leadership Incubator Inc Beverly Hills, CA | General | $25,000 |
| Central United Methodist Church Traverse City, MI | General | $25,000 |
| Generations Ahead Traverse City, MI | General | $20,000 |
| Goodwill Northern Michigan Traverse City, MI | General | $20,000 |
| Overcomer's Worship Tabernacle Rancho Cordova, CA | General | $6,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,992,664 | $-18,704 | $149,645 | $121,500 | 6 | $123,650 | $28,573 | $146,740 |
| 2024 | $2,170,418 | $63,394 | $59,618 | $33,000 | 3 | $35,088 | $39,065 | $132,901 |
| 2023 | $2,140,416 | $48,504 | $242,560 | $212,000 | 1 | $215,551 | $28,861 | $128,191 |
| 2022 | $2,380,101 | $64,335 | $237,067 | $215,000 | 3 | $215,688 | $45,725 | $146,481 |
| 2021 | $2,553,298 | $52,440 | $159,529 | $132,500 | 7 | $133,462 | $26,556 | $158,778 |
| 2020 | $2,658,968 | $158,432 | $158,135 | $125,500 | 5 | — | $130,065 | $161,190 |
Under IRS private-foundation payout rules, The Alabaster Fund reported a distributable amount of $147K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Alabaster Fund is led by Erik J. Falconer, President, Secretary & Treasurer on every filing since 2020; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Erik J. Falconer
President, Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Emily Falconer
Trustee
On filings since 2023
0.5 hrs/week
No compensation reported
Madison Falconer
Trustee
On filings since 2023
0.5 hrs/week
No compensation reported
Sierra Falconer
Trustee
On filings since 2023
0.5 hrs/week
No compensation reported
Leslie M. Falconer
Vice President
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 The Alabaster Fund
How much does The Alabaster Fund give each year?
The Alabaster Fund gave $122K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $33K across 3 grants.
What is The Alabaster Fund's typical grant size?
The Alabaster Fund's median grant in 2025 was $22,500, and its average grant was $20,250, across 6 grants on its 2025 IRS Form 990-PF.
Where does The Alabaster Fund give grants?
The Alabaster Fund gives mostly in Michigan: 74% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was California (26%). The most frequent recipient cities were Traverse City, MI (4 grants).
Does The Alabaster Fund give general operating support?
Yes: 100% of The Alabaster Fund's 2025 grants with a stated purpose (6 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Alabaster Fund's largest grantees?
The Alabaster Fund's largest 2025 grantees include Grand Traverse Regional Community Foundation ($25,000), Youth Leadership Incubator Inc ($25,000) and Central United Methodist Church ($25,000), according to its 2025 IRS Form 990-PF. Together they received 62% of its itemized 2025 grant dollars.
How large is The Alabaster Fund?
The Alabaster Fund reported $2.0M in total assets on its 2025 IRS Form 990-PF. It paid out $124K in qualifying distributions that year, against a required minimum of $147K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Alabaster Fund's EIN?
The Alabaster Fund's EIN (Employer Identification Number) is 20-0126213. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 19, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
Live grants for the work The Alabaster Fund funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Alabaster Fund's focus areas in our free grants database
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