Overview
What is Foundation For Detroit's Future?
The Foundation For Detroit's Future is a charitable organization based in Detroit, Michigan, with the address 333 WEST FORT STREET 2010. Primarily known for managing the DIA Settlement, or "Grand Bargain," approved during the Detroit city bankruptcy proceedings, the Foundation aims to enhance the quality of life in Southeast Michigan. Under the terms of the settlement agreement, annual payments are made to the city to aid in lessening government burdens, combating community deterioration, and preserving the city's cultural heritage. Additionally, the Foundation supports and funds various activities, programs, and entities to foster economic revitalization, promote fiscal health, and enable the city to fulfill its obligations.
Is Foundation For Detroit's Future legitimate?
Foundation For Detroit's Future is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Detroit's Future submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Mission Statement of Foundation For Detroit's Future
Foundation For Detroit's Future, a charitable entity based in Michigan, is dedicated to enhancing the quality of life in and around Detroit. The organization was established to manage the DIA Settlement, commonly known as the "Grand Bargain," which was approved as part of the plan of adjustment that concluded the bankruptcy proceedings in the City of Detroit.
In line with its mission, Foundation For Detroit's Future works tirelessly to alleviate the burdens of government, combat community deterioration, and improve the overall well-being of the general public in Detroit. The foundation accomplishes this by carrying out various activities and programs and offering support and funding to governmental entities, charitable organizations, and others. This assistance enables Detroit to protect and preserve its rich cultural heritage, foster economic revitalization and fiscal health, and fulfill its municipal, financial, and civic obligations.
In essence, Foundation For Detroit's Future plays a pivotal role in uplifting the city by implementing initiatives that address its diverse needs. By providing essential resources and support to various sectors, the foundation strives to create a vibrant and sustainable community for the people of Detroit. Through its mission, it aspires to contribute to the city's growth and development, ultimately ensuring a brighter future for all.
Impact
This information is meant to be a general summary of Foundation For Detroit's Future. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Foundation For Detroit's Future's impact is focused on improving the quality of life in Southeast Michigan, particularly in the city of Detroit. Through its management of the DIA settlement, commonly known as the "Grand Bargain," the foundation works to lessen the burdens of government, combat community deterioration, and enhance the overall well-being of the public in and around Detroit. By conducting various activities and programs, providing support and funding to governmental entities, charitable organizations, and others, the foundation helps protect and preserve Detroit's cultural heritage, promote economic revitalization, and support the city in fulfilling its municipal, financial, and civic obligations. Overall, Foundation For Detroit's Future plays a crucial role in fostering community improvement and contributing to the overall well-being of Southeast Michigan.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REIMBURSEMENT
Revenue
$65,000
Organization Details
Founding Year
2014
Phone
(313) 961-6675
Principal Officer
Richard L Devore
Main Address
333 WEST FORT STREET 2010, DETROIT, MI, 48226
NTEE Category
Code: S20 - Community improvement
If you are a representative of Foundation For Detroit's Future and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.