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
Under IRS private-foundation payout rules, The Broad Family Foundation reported a distributable amount of $537K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Michaels Place ($50,000), Child & Family Services of Northwest Michigan ($50,000), Grand Traverse Area Catholic Schools ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MICHAELS PLACE TRAVERSE CITY, MI | GENERAL OPERATING | $50,000 |
| SINGLE MOMM TRAVERSE CITY, MI | GENERAL OPERATING | $30,000 |
| THE SALVATION ARMY - TRAVERSE CITY TRAVERSE CITY, MI | GENERAL OPERATING | $10,000 |
| TRAVERSE BAY CHILDRENS ADVOCACY CENTER TRAVERSE CITY, MI | GENERAL OPERATING | $25,000 |
| WOMEN'S RESOURCE CENTER TRAVERSE CITY, MI | GENERAL OPERATING | $25,000 |
| BIG BROTHERS BIG SISTERS TRAVERSE CITY, MI | GENERAL OPERATING | $15,000 |
| CHILD & FAMILY SERVICES OF NORTHWEST MICHIGAN TRAVERSE CITY, MI | GENERAL OPERATING | $50,000 |
| LAKE ANN BAPTIST CAMP INC LAKE ANN, MI | GENERAL OPERATING | $5,000 |
| GRAND TRAVERSE AREA CATHOLIC SCHOOLS TRAVERSE CITY, MI | GENERAL OPERATING | $50,000 |
| INLAND SEAS EDUCATION ASSOCIATION SUTTONS BAY, MI | GENERAL OPERATING | $5,000 |
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
Frequently Asked Questions
What does The Broad Family Foundation fund?
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.
How do I apply for a grant from The Broad Family Foundation?
**Grant Activity:** • Made 25 grants in 2023 • Total giving: $550,300 (based on most recent filing data) • Typical grant awards range from $1,500 to $112,500 **Recent Grants (2023):** • Grand Traverse Area Catholic Schools: $20,000 (General Operating) • Michael's Place: $20,000 (General Operating) • Single MOMM: $15,000 (General Operating)
Where does The Broad Family Foundation make grants?
The foundation primarily funds organizations in Michigan, with a particular focus on the local Traverse City area.
What size grants does The Broad Family Foundation award?
In 2024, The Broad Family Foundation awarded 32 grants totaling $550K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is The Broad Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Broad Family Foundation reported a distributable amount of $537K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Broad Family Foundation's EIN?
The Broad Family Foundation's EIN (Employer Identification Number) is 30-0841409. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in The Broad Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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