Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
FLAGSTAR FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)5151 CORPORATE DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TROY, MI48098
A Employer identification number

82-1812075
B Telephone number (see instructions)

(248) 312-5470
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$21,416,011J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 460,698
2 Check right arrow.............
3 Interest on savings and temporary cash investments 220,611 220,611  
4 Dividends and interest from securities... 483,688 483,688  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,164,997 704,299  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,700      
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
423,597      
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
454      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 435,751 0   0
25 Contributions, gifts, grants paid....... 2,316,000 2,316,000
26 Total expenses and disbursements. Add lines 24 and 25 2,751,751 0   2,316,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,586,754
b Net investment income (if negative, enter -0-) 704,299
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 23,520,747 290,977 290,977
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment
List of Attached Documents:
// Content
21,125,034 		21,125,034
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,520,747 21,416,011 21,416,011
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 1,357,482 839,500
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 1,357,482 839,500
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 22,163,265 20,576,511
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 22,163,265 20,576,511
30 Total liabilities and net assets/fund balances (see instructions). 23,520,747 21,416,011
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
22,163,265
2
Enter amount from Part I, line 27a .....................
2
-1,586,754
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
20,576,511
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
20,576,511
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 9,790
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 9,790
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 9,790
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 10
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 9,800
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
 
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
 
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMI
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.FLAGSTAR.COM
14
The books are in care ofright arrowLAURIE McPECK Telephone no.right arrow (248) 312-2116

Located atright arrow5151 CORPORATE DRIVETROYMI ZIP+4right arrow48098
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
ELIZABETH CORREA MANAGING DIRECTOR
003.00 		0    
5151 CORPORATE DRIVE
TROY,MI48098
LAURA COLEMAN SECRETARY
003.00 		0    
5151 CORPORATE DRIVE
TROY,MI48098
LAURIE MCPECK TREASURER
003.00 		0    
5151 CORPORATE DRIVE
TROY,MI48098
GARY WOLF TRUSTEE
003.00 		0    
5151 CORPORATE DRIVE
TROY,MI48098
DONNA KRALL TRUSTEE
003.00 		0    
5151 CORPORATE DRIVE
TROY,MI48098
JULIE-ANN SIGNORILLE-BROWNE TRUSTEE
003.00 		0    
5151 CORPORATE DRIVE
TROY,MI48098
SONIA PLATA PRESIDENT
040.00 		0    
5151 CORPORATE DRIVE
TROY,MI48098
REGGIE DAVIS TRUSTEE
003.00 		0    
5151 CORPORATE DRIVE
TROY,MI48098
DAVID HOLLIS TRUSTEE
003.00 		0    
5151 CORPORATE DRIVE
TROY,MI48098
JENNIFER CHARTERS TRUSTEE
003.00 		0    
5151 CORPORATE DRIVE
TROY,MI48098
CHRISTOPHER BECK TRUSTEE
003.00 		0    
5151 CORPORATE DRIVE
TROY,MI48098
ANDREW KAPLAN TRUSTEE
003.00 		0    
5151 CORPORATE DRIVE
TROY,MI48098
JOHN PINTO TRUSTEE
003.00 		0    
5151 CORPORATE DRIVE
TROY,MI48098
PATRICK QUINN TRUSTEE
003.00 		0    
5151 CORPORATE DRIVE
TROY,MI48098
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 N/A 0
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
22,038,201
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
22,038,201
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
22,038,201
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
330,573
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
21,707,628
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,085,381
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,085,381
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
9,790
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
9,790
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,075,591
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,075,591
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,075,591
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 Click to see attachment
List of Attached Documents:
// Content
..........
1a
2,316,000
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,316,000
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,075,591
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 924,160
b From 2019...... 2,224,902
c From 2020...... 2,123,682
d From 2021...... 3,286,930
e From 2022...... 1,997,556
f Total of lines 3a through e ........ 10,557,230
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,316,000
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 1,075,591
e Remaining amount distributed out of corpus 1,240,409
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 11,797,639
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		924,160
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		10,873,479
10 Analysis of line 9:
a Excess from 2019.... 2,224,902
b Excess from 2020.... 2,123,682
c Excess from 2021.... 3,286,930
d Excess from 2022.... 1,997,556
e Excess from 2023.... 1,240,409
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

LOCAL INITIATIVES SUPPORT CORP (LISC)

28 LIBERTY STREET
NEW YORK,NY10005 		  PC SUPPORT AFFORDABLE HOUSING 500,000

INVEST DETROIT

600 RENAISSANCE CENTER
DETROIT,MI48243 		  PC SUPPORT STRATEGTIC NEIGHBORHOOD 500,000

COMMUNITY FOUNDATION FOR SE MICHIGAN

333 W FORT ST
DETROIT,MI48226 		  PC SUPPORT PONTIAC FUNDERS 100,000

AMERICA'S CHARITIES

14200 PARK MEADOW DR
CHANTILLY,VA20151 		  PC EAF FUND 50,000

BLACK UNITED FUND OF MICHIGAN

7650 2ND AVE
DETROIT,MI48202 		  PC ARTS CULTURE 30,000

CENTER FOR HEARING AND COMMUNICATION

50 BROADWAY
NEW YORK,NY10004 		  PC WORKFORCE READINESS 26,000

THE SOUP KITCHEN INC

P O BOX 741155
BOYNTON BEACH,FL33474 		  PC WORKFORCE READINESS 26,000

A NEW LEAF INC

868 E UNIVERSITY DR
MESA,AZ85203 		  PC FINANCIAL CAPABILITY 26,000

ARIZONA CENTER FOR THE BLIND AND VISUALLY IMPAIRED

3100 E ROOSEVELT ST
PHOENIX,AZ85008 		  PC WORKFORCE READINESS 25,000

CENTER FOR INDEPENDENT LIVING BROWARD INC

4800 N STATE RD
LAUDERDALE LAKES,FL33319 		  PC FINANCIAL CAPABILITY 25,000

COMMUNITY ACCESS CENTER INC

8910 MIRAMAR PARKWAY
MIRAMAR,FL33025 		  PC FINANCIAL CAPABILITY 25,000

CORPORATE SOURCE INC

1225 FRANKLIN AVE
GARDEN CITY,NY11530 		  PC WORKFORCE READINESS 25,000

DETROIT HISTORICAL SOCIETY

5401 WOODWARD AVE
DETROIT,MI48202 		  PC ARTS AND CULTURE 25,000

DUTTON FARM INC

2290 DUTTON RD
ROCHESTER,MI48306 		  PC WORKFORCE READINESS 25,000

ENTERPRISE COMMUNITY PARTNERS INC

11000 BROKEN LAND PARKWAY
COLUMBIA,MD21044 		  PC WORKFORCE READINESS 25,000

HISPANIC UNITY OF FLORIDA INC

5840 JOHNSON ST
HOLLYWOOD,FL33021 		  PC FINANCIAL CAPABILITY 25,000

HOUSING PARTNERSHIP INC

2001 W BLYE HERON BLVD
RIVIERA BEACH,FL33404 		  PC FINANCIAL CAPABILITY 25,000

MIAMI RESCUE MISSION BROWARD OUTREACH CENTERS INC

3553 NW 50TH STREET
MIAMI,FL33142 		  PC WORKFORCE READINESS 25,000

NEAR WEST SIDE MULTI SERVICE CORP

4115 BRIDGE AVE
CLEVELAND,OH44113 		  PC WORKFORCE READINESS 25,000

PATHWAYS OF PROSPERITY INC

639 E OCEAN AVE
BOYNTON BEACH,FL33435 		  PC WORKFORCE READINESS 25,000

SAMRITAS

8131 E JEFFERSON AVE
DETROIT,MI48214 		  PC WORKFORCE READINESS 25,000

SERVICES TO ENHANCE POTENTIAL

2941 S GULLEY RD
DEARBORN,MI48124 		  PC WORKFORCE READINESS 25,000

SPACES

2900 DETROIT AVENUE
CLEVELAND,OH44113 		  PC ARTS AND CULTURE 25,000

SPANISH AMERICAN COMMITTEE FOR BETTER COMMUNITY

4407 LORAIN AVENUE
CLEVELAND,OH44113 		  PC WORKFORCE READINESS 25,000

THE CHILDREN'S MUSUEM OF CLEVELAND

3813 EUCLID AVE
CLEVELAND,OH44115 		  PC ARTS AND CULTURE 25,000

WAYNE - METRO COMMUNITY ACTION AGENCY

7310 WOODWARD AVENUE
DETROIT,MI48202 		  PC FINANCIAL CAPABILITY 25,000

YOUNG MENS CHRISTIAN ASSOCIATION OF SOUTH FLORIDA INC

900 SE 3RD AVENUE
FORT LAUDERDALE,FL33316 		  PC ARTS AND CULTURE 25,000

826 MICHIGAN

115 E LIBERTY STREET
ANN ARBOR,MI48104 		  PC ARTS AND CULTURE 25,000

COMMUNITY ACTION AGENCY

1214 GREENWOOD AVE
JACKSON,MI49203 		  PC FINANCIAL CAPABILITY - VITA 20,000

ENTERPRISE COMMUNITY PARTNERS INC

11001 BRIKEN LAND PARKWAY
COLUMBIA,MD21044 		  PC FINANCIAL CAPABILITY - VITA 20,000

FORT WAYNE DANCE COLLECTIVE INC

437 E BERRY ST
FORT WAYNE,IN46802 		  PC ARTS AND CULTURE 20,000

HONEYWELL FOUNDATION INC

275 W MARKET ST
WABASH,IN46992 		  PC ARTS AND CULTURE 20,000

MESA UNITED WAY INC

137 E UNIVERSITY DR
MESA,AZ85201 		  PC FINANCIAL CAPABILITY - VITA 20,000

SAUGATUCK CENTER FOR THE ARTS INC

400 CULVER STREET
SAUGATUCK,MI49453 		  PC ARTS AND CULTURE 20,000

SOS CHILDREN'S VILLAGE FLORIDA INC

3681 NW 59TH PLACE
COCONUT CREEK,FL33388 		  PC WORKFORCE READINESS 20,000

THE RUSSELL LIFE SKILLS AND READING FOUNDATION INC

499 W 70TH AVE
PLANTATION,FL33317 		  PC ARTS AND CULTURE 20,000

YOUNG AT ART OF BROWARD INC

8000 W BROWARD BLVD
PLANTATION,FL33388 		  PC ARTS AND CULTURE 20,000

AMERICAN RED CROSS-MICHIGAN REGION

7800 OUTER DRIVE WEST
DETROIT,MI48235 		  PC DISASTER SUPPORT 15,000

CATHOLIC CHARITIES OF THE DIOCESE OF FORT WAYNE

915 SOUTH CLINTON ST
FORT WAYNE,IN46802 		  PC FINANCIAL CAPABILITY - VITA 15,000

LOGAN COMMUNITY RESOURCES INC

P O BOX 1049
SOUTH BEND,IN46624 		  PC WORKFORCE READINESS 15,000

SEEDS FOR AUTISM

1775 E OCOTILLO RD
PHOENIX,AZ85016 		  PC WORKFORCE READINESS 15,000

THE VILLAGE A COMMUNITY MUSICAL ARTS ALLIANCE INC

333 S MICHIGAN ST
SOUTH BEND,IN46601 		  PC ARTS AND CULTURE 15,000

UNITED WAY OF ALLEN COUNTY INC

347 W BERRY ST
FORT WAYNE,IN46802 		  PC FINANCIAL CAPABILITY - VITA 15,000

BOYS AND GIRLS CLUB OF FORT WAYNE INC

2609 FAIRFIELD AVE
FORT WAYNE,IN46807 		  PC ARTS AND CULTURE 10,000

BOYS HOPE GIRLS HOPE

P O BOX 21085
DETROIT,MI48221 		  PC BOARD SUPPORT 10,000

CATJOLIC CHARITIES COMMUNITY SERVICES INC

5151 N 19TH AVE
PHOENIX,AZ85015 		  PC ARTS AND CULTURE 10,000

CHICANOS POR LA CAUSA INC

1112 E BUCKEYE RD
PHOENIX,AZ85012 		  PC WORKFORCE READINESS 10,000

CHILD AND FAMILY SERVICES OF MICHIGAN

306 W MICHIGAN AVE
JACKSON,MI49201 		  PC BOARD SUPPORT AND ERG 10,000

FREE ARTS FOR ABUSED CHILDREN OF ARIZONA

352 E CAMELBACK RD
PHOENIX,AZ85002 		  PC ARTS AND CULTURE 10,000

ROSIE'S HOUSE A MUSIC ACADEMY FOR CHILDREN INC

P O BOX 13446
PHOENIX,AZ85002 		  PC ARTS AND CULTURE 10,000

SALVATION ARMY KROC CENTER

30840 HAWTHORNE BLVD
RANCHO,CA90275 		  PC ARTS AND CULTURE 10,000

SPARTAN STRONG FUND

535 CHESTNUT RD
E LANSING,MI48824 		  PC DISASTER SUPPORT 10,000

EMANUEL JACKSON SR PROJECT INC

700 W ATLANTIC AVE
DELRAY BEACH,FL33444 		  PC BOARD SUPPORT 6,000

NATIONAL COALITION OF 100 BLACK WOMEN

1530 W BOYNTON BEACH BLVD
BOYNTON BEACH,FL33424 		  PC BOARD SUPPORT 6,000

ABIGAIL'S PRIDE

1930 OAKLFIELD ST
ORTONVILLE,MI48462 		  PC ERG GRANT 5,000

ALLIANCE FOR THE GREA LAKES

150 N MICHIGAN AVE
CHICAGO,IL60601 		  PC ERG GRANT 5,000

AMERICAN NATIONAL RED CROSSS

101 STATION LANDING
MEDFORD,MA02155 		  PC BOARD SUPPORT 5,000

BIG BROTHER BIG SISTERS OF JACKSON COUNTY INC

P O BOX 1802
JACKSON,MI49204 		  PC BOARD SUPPORT 5,000

BIG BROTHER BIG SISTERS OF NORTHEAST INDIANA INC

1005 WEST RUDISILL BLVD
FORT WAYNE,IN46807 		  PC BOARD SUPPORT 5,000

BOYS AND GIRLS CLUB OF BUENA PARK

7758 KNOTT AVE
BUENA PARK,CA90620 		  PC BOARD SUPPORT 5,000

BOYS AND GIRLS OF HUNTINGTON COUNTY INC

P O BOX 673
HUNTINGTON,IN46750 		  PC BOARD SUPPORT 5,000

CAREER CONNECTIONS OF VAN WERT COUNTY INC

P O BOX 244
VAN WERT,OH45891 		  PC BOARD SUPPORT 5,000

CLEARY SCHOOL FOR THE DEAF

301 SMITHTOWN BLVD
NESCONSET,NY11767 		  PC BOARD SUPPORT 5,000

COMMUNITY FOUNDATION OF HOLLAND ZEELAND AREA

85 E 8TH STREET
HOLLAND,MI49423 		  PC BOARD SUPPORT 5,000

FUTURE SMILES

3074 ARVILLE STREET
LAS VEGAS,NV89102 		  PC BOARD SUPPORT 5,000

HABITAT FOR HUMANITY INTERNATIONAL INC

205 E WAYNE ST
LAGRANGE,IN46761 		  PC BOARD SUPPORT 5,000

HALO FOUNDATION

134 WESTERN AVE
AKRON,OH44313 		  PC BOARD SUPPORT 5,000

HUNTINGTON AREA RECREATIONAL TRAILS ASSO

P O BOX 5005
HUNTINGTON,IN46750 		  PC BOARD SUPPORT 5,000

INSIDE OUT LITERARY ARTS PROJECT

5201 CASS AVE
DETROIT,MI48202 		  PC BOARD SUPPORT 5,000

JACKSON FRIENDLY HOME

435 W NORTH ST
JACKSON,MI49202 		  PC BOARD SUPPORT 5,000

KOREAN AMERICAN COMMUNITY OF METRO DETROIT

24666 NORTHWESTERN HWY
SOUTHFIELD,MI48075 		  PC ARTS AND CULTURE 5,000

KOREAN AMERICAN WOMEN'S ASSOCIATION

46464 IMPERIAL LANE
MACOMB,MI48044 		  PC BOARD SUPPORT 5,000

LATION FAMILY SERVICES INC

1145 LAWNDALE LANE
DETROTI,MI48209 		  PC ERG GRANT 5,000

MAKE A WISH FOUNDATION OF OHIO KENTUCKY AND INDIANA

2545 FARMERS DR
COLUMBUS,OH43235 		  PC BOARD SUPPORT 5,000

MARYAM PARHAM FOUNDATION FOR CHILDREN

1421 N WANDA RD
ORANGE,CA92867 		  PC BOARD SUPPORT 5,000

MATRIX HUMAN SERVICES

1400 WOODBRIDGE ST
DETROIT,MI48207 		  PC BOARD SUPPORT 5,000

NATIONAL COUNCIL OF NEGRO WOMEN INC

P O BOX 93381
CLEVELAND,OH44101 		  PC BOARD SUPPORT 5,000

NATIONAL INDIAN EDUCATION ASSOCIATION

1514 P STREET NW
WASHINGTON,DC20005 		  PC ERG GRANT 5,000

NONPROFIT NETWORK

209 E WASHINGTON AVE
JACKSON,MI49203 		  PC ERG GRANT 5,000

SLEEP IN HEAVENLY PEACE INC

669 W QUINN RD
POCATELLO,ID83202 		  PC BOARD SUPPORT 5,000

ST MARGARET'S HOUSE

117 N LAFAYETTE BLVD
SOUTH BEND,IN46601 		  PC ERG GRANT 5,000

TERROS INC

3003 N QUINN RD
POCATELLO,ID83202 		  PC BOARD SUPPORT 5,000

THE KONNECTIO

19736 WESTMORELAND
DETROIT,MI48219 		  PC ARTS AND CULTURE 5,000

TIBBITS OPERA FOUNDATION AND ARTS COUNCIL INC

14 S HANCHETT ST
COLDWATER,MI49036 		  PC ARTS AND CULTURE 5,000

TIEGERMAN SCHOOL

100 GLEN COVE AVE
GLEN COVE,NY11542 		  PC BOARD SUPPORT 5,000

UNITED WAY OF MIAMI COUNTY INC

13 E MAIN ST
PERU,IN46970 		  PC BOARD SUPPORT 5,000

YOUTH HEAVEN

P O BOX 97
ROVER JUNCTION,MI49277 		  PC ERG 5,000

ZELIE'S HOUSE

13463 ROCKSIDE RD
GARFIELD HEIGHTS,OH44125 		  PC BOARD SUPPORT 5,000

KIWANIS CLUB OF TRI COMMUNITY

P O BOX 720390
PINON HILLS,CA92372 		  PC BOARD SUPPORT 2,500

YAVAPAI CASA FOR KIDS FOUNDATION

P O BOX 28070
PRESCOTT VALLEY,AZ86312 		  PC BOARD SUPPORT 2,500

EAST VALLEY DREAM CENTER INC

900 E PECOS RD
CHANDLER,AZ85225 		  PC COMMUNITY INVOLVEMENT GRANT 1,000

FAIRHILL PARTNERS

12200 FAIRHILL RD
CLEVELAND,OH44120 		  PC COMMUNITY INVOLVEMENT GRANT 1,000

GREATER ISHPEMING COMMISSION ON AGING

121 GREENWOOD ST
ISHPEMING,MI49849 		  PC COMMUNITY INVOLVEMENT GRANT 1,000

JUNIOR ACHIEVEMENT USA

700 S ROSEMARY AVE
WEST PALM BEACH,FL33401 		  PC COMMUNITY INVOLVEMENT GRANT 1,000

NEW HORIZONS OF SOUTHWEST

P O BOX 111833
NAPLES,FL34108 		  PC COMMUNITY INVOLVEMENT GRANT 1,000

OCJ KIDS

524 W WESTCOTT DR
PHONEIX,AZ85027 		  PC COMMUNITY INVOLVEMENT GRANT 1,000

SECOND EBENEZER BAPTIST CHURCH

14601 DEQUINDER ST
DETROIT,MI48212 		  PC COMMUNITY INVOLVEMENT GRANT 1,000

SERVICE CORPS OF RETIRED EXECUTIVES ASSOCIATION

1165 HERNDON PARKWAY
HERNDON,VA20170 		  PC COMMUNITY INVOLVEMENT GRANT 1,000

WEAR RED OR GO NAKED

840 6TH STREET
WEST BABYLON,NY11704 		  PC BOARD SUPPORT 1,000

BRIDGE BUILDERS SOCIAL CLUB

4641 N 12TH STREET
PHONEIX,AZ85014 		  PC COMMUNITY INVOLVEMENT GRANT 500

CARE HOUSE OF OAKLAND COUNTY INC

44765 WOODWARD AVE
PONTIAC,MI48341 		  PC COMMUNITY INVOLVEMENT GRANT 500

FORGOTTEN HARVEST INC

1500 W EIGHT MILE RD
OAK PARK,MI48237 		  PC COMMUNITY INVOLVEMENT GRANT 500

MACOMB FOSTER CLOSET

P O BOX 46411
MOUNT CLEMENS,MI48046 		  PC COMMUNITY INVOLVEMENT GRANT 500
Total .................................right arrow 3a 2,316,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 220,611  
4 Dividends and interest from securities ....          
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....       483,688  
8 Gain or (loss) from sales of assets other than
inventory ............ 		         
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   704,299  
13Total. Add line 12, columns (b), (d), and (e)..................
13
704,299
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID: 23017659
Software Version: 23.1.0.0


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
FLAGSTAR FOUNDATION INC
 
Employer identification number

82-1812075
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
FLAGSTAR FOUNDATION INC
  		Employer identification number
82-1812075
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
FLAGSTAR BANK
5151 CORPORATE DRIVE
 
TROY, MI48098

$ 37,101


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
FLAGSTAR BANK
5151 CORPORATE DRIVE
 
TROY, MI48098

$ 423,597


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
FLAGSTAR FOUNDATION INC
  		Employer identification number

82-1812075
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
FLAGSTAR FOUNDATION INC
  		Employer identification number

82-1812075
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID: 23017659
Software Version: 23.1.0.0

TY 2023 AccountingFeesSchedule
Name:
FLAGSTAR FOUNDATION INC
EIN:
82-1812075
Software ID:
23017659
Software Version:
23.1.0.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 11,700      

TY 2023 InvestmentsOtherSchedule2
Name:
FLAGSTAR FOUNDATION INC
EIN:
82-1812075
Software ID:
23017659
Software Version:
23.1.0.0
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Cash Equivalents FMV 95 95
Mutual Funds FMV 1,776,454 1,776,454
US Treasury Bills FMV 19,348,485 19,348,485

TY 2023 LegalFeesSchedule
Name:
FLAGSTAR FOUNDATION INC
EIN:
82-1812075
Software ID:
23017659
Software Version:
23.1.0.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes


TY 2023 OtherExpensesSchedule
Name:
FLAGSTAR FOUNDATION INC
EIN:
82-1812075
Software ID:
23017659
Software Version:
23.1.0.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK SERVICE CHARGES 199      
MISCELLANEOUS EXPENSES 255      


TY 2023 OtherProfessionalFeesSchedule
Name:
FLAGSTAR FOUNDATION INC
EIN:
82-1812075
Software ID:
23017659
Software Version:
23.1.0.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MANAGEMENT FEES 423,597