Ann Arbor Area Community Foundation
Ann Arbor Area Community Foundation
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About this organization
Mission
The Ann Arbor Area Community Foundation is dedicated to building endowment to enrich the quality of life in Washtenaw County by providing community leadership, making grants and serving donors.
About
AAACF fulfills its exempt purpose by granting funds to a variety of tax-exempt organizations primarily in the Washtenaw County area through a competitive process determined by staff and community leaders. Since its founding more than a half century ago, over $57 million has been distributed through 12,000+ grants and scholarships. Signature programs include coordinated funding for human service organizations, a community scholarship program to incentivize college degree attainment by local students, and cultural economic development grants to promote arts and culture.
Interesting data from their 2020 990 filing
The mission of the non-profit, as stated in the filing, is “Aaacf enriches the quality of life in washtenaw county through permanent community capital contributed by citizens. proceeds from endowed funds are distributed as grants for local nonprofits and scholarships.”.
When referring to its tasks, they were described as: “Aaacf distributes proceeds from its permanent endowed funds to washtenaw county charitable orgs.”.
- The non-profit is operating legally in the state of MI.
- The non-profit's address for the year 2020 is listed as 301 N MAIN ST NO 300, ANN ARBOR, MI, 48104 in the filing.
- The form submitted by the non-profit organization for 2020 reports 13 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $430,850.
- The organization has 17 independent voting members.
- The organization was formed in 1963.
- The organization pays $1,053,314 in salary, compensation, and benefits to its employees.
- The organization pays $479,145 in fundraising expenses.