The Broad Family Foundation
The Broad Family Foundation is a private foundation based in Traverse City, Michigan. Established in 2015, it operates as a 501(c)(3) organization with tax-exempt status granted in March 2015. The foundation is supported by Elmer's Crane and Dozer Inc.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.3M
-2.1% YoY
Annual Giving
$550K
+266.9% YoY
Grant Count
32
+113.3% YoY
Avg Grant Size
$17K
+72.0% YoY
Mission & Focus Areas
The foundation's grantmaking priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Nonprofit Human Services
- Poverty Alleviation
The foundation focuses primarily on funding organizations in Michigan.
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Michigan, with a particular focus on the local Traverse City area.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2023:
- Total assets: $10,508,031
- Total revenues: $6,862,272
- Total expenses: $150,000
- Total grants, contributions: $7,000,000
As of Most Recent Filing (2024):
- Total assets: $10,288,478
The foundation received a significant contribution of $7,000,000 in 2023, representing substantial growth in revenues compared to the prior year.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,288,478 | $10,508,031 | $3,795,759 |
| Revenue | $383,695 | $6,862,272 | $-1,071,706 |
| Expenses | $601,834 | $150,000 | $365,192 |
| Qualifying Distributions | $576,077 | $150,000 | $337,520 |
| Net Investment Income | $357,938 | $56,649 | $136,207 |
| Distributable Amount | $536,822 | $184,651 | $473,913 |
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
121 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TODD E BROAD | PRESIDENT | 1 | — |
| MICHELLE A BROAD | SECRETARY | 1 | — |
| TYLER L BROAD | DIRECTOR | 1 | — |
| ABBIE A CLARK | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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