Types of Funding
A significant portion of our funding is done through traditional grantmaking. Grant-seeking organizations must have the ability to make meaningful social impact coupled with solid financial and operational practices. Investments will benefit Detroit children directly, improving their educational and economic outcomes.
The Foundation generally awards one-year grants that range from $20,000 to $200,000. Multi-year grants are awarded on a case-by-case basis in special situations. Multi-year grants may only be submitted at the invitation of a program officer.
Program-related investments, like grants, are IRS-approved charitable expenditures that foundations can use to achieve their programmatic goals. Unlike grants, PRIs have below-market rates of return and are meant to be repaid. This allows the Foundation to recycle the funds and achieve greater impact over time with those dollars. PRIs must meet the same charitable purpose tests as grants.