The Mardi Gras Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ANN ARBOR, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 17 grants totaling $88K. Net investment income was $84K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
-0.1% YoY
Annual Giving
$88K
+109.5% YoY
Grant Count
17
+30.8% YoY
Avg Grant Size
$5K
+60.2% YoY
Under IRS private-foundation payout rules, The Mardi Gras Fund reported a distributable amount of $85K for 2024 — the minimum it must pay out in qualifying distributions.
About The Mardi Gras Fund
Based on IRS filings
The Mardi Gras Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ANN ARBOR, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 17 grants totaling $88K. Net investment income was $84K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,614,686 | $1,616,692 | $1,581,862 |
| Revenue | $93,084 | $82,853 | $77,630 |
| Expenses | $104,372 | $56,670 | $45,710 |
| Qualifying Distributions | $95,668 | $48,842 | $33,500 |
| Net Investment Income | $84,382 | $75,025 | $65,420 |
| Distributable Amount | $84,981 | $81,599 | $29,699 |
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
65 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Girls Group ($10,000), Albany Park Theatre Project ($8,000), The Cleveland Foundry ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ALBANY PARK THEATRE PROJECT CHICAGO, IL | GENERAL SUPPORT | $8,000 |
| ANN ARBOR SYMPHONY ANN ARBOR, MI | GENERAL PURPOSE | $6,000 |
| ART HOUSE Cleveland, OH | GENERAL PURPOSE | $5,000 |
| CHAUTAUQUA ARTS ED Chautauqua, NY | GENERAL PURPOSE | $3,000 |
| CHICAGO DANZTHEATRE ENSEMBLE CHICAGO, IL | GENERAL PURPOSE | $5,000 |
| CHICAGO JAZZ PHILHARMONIC CHICAGO, IL | GENERAL PURPOSE | $5,000 |
| CHICAGO WEST COMMUNITY CENTER Chicago, IL | GENERAL PURPOSE | $3,000 |
| CHICAGO YOUTH SYMPHANY ORCHESTRAS CHICAGO, IL | GENERAL PURPOSE | $5,000 |
| CLEVELAND PUBLIC THEATER CLEVELAND, OH | GENERAL PURPOSE | $6,000 |
| THE CLEVELAND FOUNDRY CLEVELAND, OH | GENERAL PURPOSE | $7,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARGARET NORTHRUP | PRESIDENT | — | — |
| ROBERT NORTHRUP JR | TREASURER | — | — |
| ANNE NORTHRUP | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Mardi Gras Fund?
The Mardi Gras Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ANN ARBOR, MI. It holds $1.6M in total assets as of 2024.
How large is The Mardi Gras Fund?
As of 2024, The Mardi Gras Fund holds $1.6M in total assets with $93K in annual revenue. It awarded 17 grants totaling $88K in 2024.
Where does The Mardi Gras Fund operate?
The Mardi Gras Fund has awarded grants in Illinois, Michigan, New York, Ohio.
What size grants does The Mardi Gras Fund award?
In 2024, The Mardi Gras Fund awarded 17 grants totaling $88K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The Mardi Gras Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mardi Gras Fund reported a distributable amount of $85K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mardi Gras Fund's EIN?
The Mardi Gras Fund's EIN (Employer Identification Number) is 05-0464995. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Mardi Gras Fund's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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