The Skillman Foundation | Annual Report 2023 - 15 | The Skillman Foundation

Our response to recent federal policy orders.

Annual Report 2023 – 15

by: | Jul. 3rd, 2024

A collage of images including a student writing in a notebook, bright flowers, and students at desks facing a teach, a white board covered in math equations, and text that reads "2023 by the Numbers: Our Grantmaking & Racial Equity Audit"

A collage that includes abstract shapes made of colorful paper and text that reads "Our 2023 Grantmaking: $24M granted, 362 grants."

A collage including an image of three students using a scale while a teachers looks on, a swirl made of yellow lined paper, and text that reads "We spent 2023 building new, community-informed strategies to ensure Detroiters can influence education policy."

A collage including an image of many people at a conference table, abstract shapes of colorful paper, and text that reads "We compensated individuals and organizations to help us learn and strategize."

A collage including images of bright flowers, abstract shapes of colorful paper, and text that reads "We continued sunsetting our previous grantmaking strategy, providing transition grants to organizations that no longer fall within our grantmaking scope."

A collage including images of colorful lined paper and abstract shapes, lush leaves, and text that reads "How we exited funding relationships was carefully planned and communicated. A detailed example can be round at skillman.org/2023sunset."

A collage including an image of Detroit students waving at the camera and text that reads "All of our grantmaking – past and future – supports organizations whose work helps Detroit youth lead bold destinies."

A collage including images of bright flowers and text that reads "As a foundation based in the primarily Black city of Detroit, we assess and make visible how we're investing in Black and Brown-led organizations through a racial equity audit."

A collage including pink flowers, colorful abstract shapes, and text that reads "Of our 2023 grants, 57% were made to BIPOC-led orgs accounting for 59% of all dollars. (Orgs where the executive director/CEO and at least 50% of board members are people of color.)"

A collage including abstract shapes made of colorful graph paper, a white flower, and text that reads "In our operating budget, 29% of vendors were BIPOC accounting for 12% of vendor payments. Of our endowment of $568M, 6% of U.S.-based assets and capital calls are with BIPOC-owned managers. This was a 4% increase over 2022. We publish this data for transparency."

skillmanfoundation See an overview of our 2023 grantmaking and racial equity audit 🌟 You can also view grant details, searchable by year and category, and detailed financial reporting.

July 8, 2024

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