The Herbert H & Grace a Dow

Foundation · Grantmaker Midland, MI EIN: 38-1437485

The Herbert H & Grace a Dow is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Midland, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $642.6M in total assets. In 2024, it awarded 2 grants totaling $14.0M. Net investment income was $51.3M.

Key facts about The Herbert H & Grace a Dow

EIN: 38-1437485
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $13,972,499
Grants made (2024): 2
Average grant: $6,986,250
Median grant: $6,986,250
Total assets: $642,648,050
Primary geography: Michigan (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How The Herbert H & Grace a Dow gives

Giving held roughly steady from 2021 to 2024 (−15%). Method
In 2024 it paid out 68% 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.

Next steps with The Herbert H & Grace a Dow

How to evaluate The Herbert H & Grace a Dow as a funder
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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$642.6M

+3.5% YoY

Annual Giving

$14.0M

-30.0% YoY

Grant Count

-33.3% YoY

Avg Grant Size

$7.0M

+5.0% YoY

Under IRS private-foundation payout rules, The Herbert H & Grace a Dow reported a distributable amount of $29.4M for 2024 — the minimum it must pay out in qualifying distributions.

About The Herbert H & Grace a Dow

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Michigan $14.0M (100%)

Share of all 2 itemized 2024 grant dollars.

States

Michigan

Cities

Midland

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$642,648,050	$621,175,059	$583,499,862
Revenue	$55,944,598	$40,934,354	$36,347,855
Expenses	$38,170,123	$45,144,955	$32,131,559
Qualifying Distributions	$20,080,509	$24,115,588	$26,347,422
Net Investment Income	$51,273,064	$38,619,903	$34,182,788
Distributable Amount	$29,397,029	$29,507,957	$27,557,746

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

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 2024

Grant Size Distribution

11 grants across all recorded years

Open Grants

1 open opportunity from The Herbert H & Grace a Dow

Foundation

Herbert H. and Grace A. Dow Foundation Grant

The Herbert H & Grace a Dow

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include See Attached ($13,972,499 across 2 grants).

Recipient	Purpose	Amount
SEE ATTACHED Midland, MI	VARIOUS	$8,388,000
SEE ATTACHED Midland, MI	VARIOUS	$5,584,499

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Ruth a Doan	President	10	—
Michael Lloyd Doan	Vice Preside	8	—
Willard Mott	Treasurer	8	—
Diane Dow Hullet	Secretary	4	—
Stephen Carras	Trustee	2	—
James Fitterling	Trustee	2	—
Alden Lee Hanson	Trustee	2	—
Bonnie Buchanan Matheson	Trustee	2	—
Suzanna McCuan	Gov. Chair/T	8	—
Lilla Ym Ohrstrom	Trustee	2	—
Sarah Opperman	Trustee	2	—
Stephanie Scheets	Trustee	2	—
Macauley Whiting Jr	Trustee	2	—
Jenee Velasquez	Executive Di	60	$395,645
Francine Padgett	CFO	60	$217,241

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Herbert H & Grace a Dow?

The Herbert H & Grace a Dow is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Midland, MI. It holds $642.6M in total assets as of 2024.

How large is The Herbert H & Grace a Dow?

As of 2024, The Herbert H & Grace a Dow holds $642.6M in total assets with $55.9M in annual revenue. It awarded 2 grants totaling $14.0M in 2024.

Where does The Herbert H & Grace a Dow operate?

The Herbert H & Grace a Dow has awarded grants in Michigan.

What size grants does The Herbert H & Grace a Dow award?

In 2024, The Herbert H & Grace a Dow awarded 2 grants totaling $14.0M — an average of about $7.0M per grant, based on its IRS Form 990 filings.

How much is The Herbert H & Grace a Dow required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Herbert H & Grace a Dow reported a distributable amount of $29.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.