The Herbert H & Grace a Dow

Private foundation · Grantmaker Midland, MI EIN: 38-1437485

The Herbert H & Grace a Dow is a private foundation, 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.

The Herbert H & Grace a Dow at a glance

In short: The Herbert H & Grace a Dow gave $14.0M across 2 grants in 2024 (avg $7.0M), mostly in Michigan. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$13,972,499
-30.0% vs 2023
Grants made (2024)
2
-33.3% vs 2023
Average grant
$6,986,250
+5.0% vs 2023
Median grant
$6,986,250
Total assets
$642,648,050
+3.5% vs 2023
Primary geography
Michigan (100% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

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

How to apply to The Herbert H & Grace a Dow

Who The Herbert H & Grace a Dow funds

How this funder distributes its grants

Grant Size Distribution

11 grants across all recorded years

<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M10$5M+

The most common grant size was $5M or more: 10 grants of 11 (91%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 2 itemized grants.

States

Cities

Midland

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.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$5M$10M$15M$20M2 grants2020 2 grants2021 2 grants2022 3 grants2023 2 grants2024

From 2020 to 2024, annual grant giving ranged from $14.0M (2024) to $20.0M (2023). In 2024 it made 2 grants totaling $14.0M.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
See Attached Midland, MIVarious$8,388,000
See Attached Midland, MIVarious$5,584,499
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$642,648,050$55,944,598$38,170,123$13,972,4992$20,080,509$51,273,064$29,397,029
2023$621,175,059$40,934,354$45,144,955$19,968,6323$24,115,588$38,619,903$29,507,957
2022$583,499,862$36,347,855$32,131,559$16,396,0212$26,347,422$34,182,788$27,557,746
2021$651,039,669$54,700,097$46,400,766$16,420,1132$22,410,336$50,743,863$26,935,859
2020$575,608,768$36,767,282$29,450,493$18,439,9782—$33,158,647$23,871,053

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.

Leadership & Key People

Officers and directors from IRS filings

The Herbert H & Grace a Dow is led by Ruth A. Doan, President on every filing since 2020; 2 of 15 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Ruth A. Doan

    President

    On filings since 2020

    10 hrs/week

    No compensation reported

  • Suzanna McCuan

    Gov. Chair & T

    Trustee → Gov. Chair & T, 2022

    On filings since 2020

    8 hrs/week

    No compensation reported

  • Alden Lee Hanson

    Trustee

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Bonnie Buchanan Matheson

    Trustee

    On filings since 2020

    2 hrs/week

    No compensation reported

  • James Fitterling

    Trustee

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Macauley Whiting Jr.

    Trustee

    President Em → Trustee, 2021

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Stephen Carras

    Trustee

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Lilla Ym Ohrstrom

    Trustee

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Sarah Opperman

    Trustee

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Stephanie Scheets

    Trustee

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Jenee Velasquez

    Executive Di

    On filings since 2020

    60 hrs/week

    $280K (2020) → $396K (2024)

  • Francine Padgett

    CFO

    On filings since 2023

    60 hrs/week

    $168K (2023) → $217K (2024)

  • Diane Dow Hullet

    Secretary

    Trustee → Tstee & Sec'y, 2022

    Tstee & Sec'y → Secretary, 2023

    On filings since 2020

    4 hrs/week

    No compensation reported

  • Willard Mott

    Treasurer

    On filings since 2020

    8 hrs/week

    No compensation reported

  • Michael Lloyd Doan

    Vice President

    On filings since 2023

    8 hrs/week

    No compensation reported

Former officers (7)
  • Former: David Camp (2020–2022) — Trustee
  • Former: Margaret E. Thompson (2020–2022) — Secretary Pa
  • Former: Michael Lloyd Dow (2020–2022) — Vice President
  • Former: Charles Hilliard (2022) — Associate Tr
  • Former: Katherine France Jones (2022) — Associate Tr
  • Former: Stephanie Thompson (2022) — Associate Tr
  • Former: Tina Hop (2022) — Controller

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Jenee Velasquez — Executive Di: $396KJenee VelasquezExecutive Di$396KFrancine Padgett — CFO: $217KFrancine PadgettCFO$217K

The highest reported compensation on the 2024 filing was $396K, to Jenee Velasquez (Executive Di). 2 officers or directors reported compensation on that filing.

Frequently asked questions about The Herbert H & Grace a Dow

How much does The Herbert H & Grace a Dow give each year?

The Herbert H & Grace a Dow gave $14.0M across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $20.0M across 3 grants.

How large is The Herbert H & Grace a Dow?

The Herbert H & Grace a Dow reported $642.6M in total assets on its 2024 IRS Form 990-PF. It paid out $20.1M in qualifying distributions that year, against a required minimum of $29.4M (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.

Where does The Herbert H & Grace a Dow operate?

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

What is The Herbert H & Grace a Dow's EIN?

The Herbert H & Grace a Dow's EIN (Employer Identification Number) is 38-1437485. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from The Herbert H & Grace a Dow's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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