| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 5,350 | 2,675 | 0 | 2,675 |
| Grantee's Name | Grantee's Address | Grant Date | Grant Amount | Grant Purpose | Amount Expended By Grantee | Any Diversion By Grantee? | Dates of Reports By Grantee | Date of Verification | Results of Verification |
|---|---|---|---|---|---|---|---|---|---|
|
DEROY EDUCATION PARTNERS |
7431 WOODLORE DRIVE WEST BLOOMFEILD,MI48323 |
2021-07-20 | 15,000,000 | INTENDED TO BE AND IS A CONTRIBUTION FROM THE FOUNDATION, IN FURTHERANCE OF THE GRANTEE'S EXEMPT PURPOSES, TO BE USED TO PROVIDE TRAINING AND COURSEWORK TO SUPPORT EDUCATIONAL ENDEAVORS; PROVIDE CONNECTIONS TO MENTORS FOR THOSE PURSUING EDUCATION; PROVIDE ADDITIONAL EDUCATIONAL MATERIALS AND RESOURCES TO ADVANCE EDUCATIONAL ENDEAVORS; AND PROVIDE FINANCIAL SUPPORT TO THOSE PURSUING EDUCATION. DEROY EDUCATION PARTNERS FURTHER ACKNOWLEDGES AND AGREES THAT THE GRANT WILL BE HELD AND DISTRIBUTED EXCLUSIVELY FOR CHARITABLE OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)(3) AND 170(C)(2)(B) OF THE CODE (AND FOR NO OTHER PURPOSE), IN THE AMOUNTS AND AT THE TIMES AS THE BOARD OF DIRECTORS OF DEROY EDUCATION PARTNERS WILL FROM TIME TO TIME DETERMINE.THIS GRANT WAS APPROVED ON 07/20/21 BUT WAS PAID OUT OVER A PERIOD OF TIME IN 4 SEPERATE PAYMENTS. | 2,060,689 | NO | 05/31/24 | 2024-06-20 | GRANTEE PROVIDED A WRITTEN ANNUAL PROGRESS REPORT TO THE FOUNDATION ON JUNE 20, 2024. IT WAS DETERMINED THAT THE GRANTEE HAS APPROPRIATELY USED THE GRANTED FUNDS EXCLUSIVELY FOR CHARITABLE OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)(3) AND 170(C)(2)(B) OF THE CODE. |
|
DEROY EDUCATION PARTNERS |
7431 WOODLORE DRIVE WEST BLOOMFEILD,MI48323 |
2023-12-19 | 11,000,000 | INTENDED TO BE AND IS A CONTRIBUTION FROM THE FOUNDATION, IN FURTHERANCE OF THE GRANTEE'S EXEMPT PURPOSES, TO BE USED TO PROVIDE TRAINING AND COURSEWORK TO SUPPORT EDUCATIONAL ENDEAVORS; PROVIDE CONNECTIONS TO MENTORS FOR THOSE PURSUING EDUCATION; PROVIDE ADDITIONAL EDUCATIONAL MATERIALS AND RESOURCES TO ADVANCE EDUCATIONAL ENDEAVORS; AND PROVIDE FINANCIAL SUPPORT TO THOSE PURSUING EDUCATION. DEROY EDUCATION PARTNERS FURTHER ACKNOWLEDGES AND AGREES THAT THE GRANT WILL BE HELD AND DISTRIBUTED EXCLUSIVELY FOR CHARITABLE OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)(3) AND 170(C)(2)(B) OF THE CODE (AND FOR NO OTHER PURPOSE), IN THE AMOUNTS AND AT THE TIMES AS THE BOARD OF DIRECTORS OF DEROY EDUCATION PARTNERS WILL FROM TIME TO TIME DETERMINE.THIS GRANT WAS APPROVED ON 12/19/23 BUT IS BEING PAID OUT OVER A PERIOD OF TIME IN SEPERATE PAYMENTS. | 0 | NO | 5/31/24 | 2024-06-20 | GRANTEE PROVIDED A WRITTEN ANNUAL PROGRESS REPORT TO THE FOUNDATION ON JUNE 20, 2024. IT WAS DETERMINED THAT THE GRANTEE HAS APPROPRIATELY USED THE GRANTED FUNDS EXCLUSIVELY FOR CHARITABLE OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)(3) AND 170(C)(2)(B) OF THE CODE. |
|
INSPIRATIONAL FUTURES FOUNDATION INC |
11231 US HWY 1 SUITE 405 NORTH PALM BEACH,FL33408 |
2024-02-23 | 15,133,719 | INTENDED TO BE AND IS A CONTRIBUTION FROM THE FOUNDATION, IN FURTHERANCE OF THE GRANTEE'S EXEMPT PURPOSES, TO BE USED TO SUPPORT AND COLLABORATE WITH DIVERSE, EQUITABLE, AND INCLUSIVE ORGANIZATIONS FOR THE COMPREHENSIVE CARE, TREATMENT, RESEARCH, EDUCATION, AND/OR ANY RELATED ASPECTS OF THE HEALTH AND WELL-BEING OF THOSE IN NEED, INCLUDING THE MENTAL HEALTH AND WELL-BEING OF CHILDREN, TEENS, YOUNG ADULTS, THEIR FAMILIES, AND CAREGIVERS (THE "SERVICE POPULATION"). INSPIRATIONAL FUTURES FOUNDATION INC FURTHER ACKNOWLEDGES AND AGREES THAT THE GRANT WILL BE HELD AND DISTRIBUTED EXCLUSIVELY FOR CHARITABLE OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)(3) AND 170(C)(2)(B) OF THE CODE (AND FOR NO OTHER PURPOSE), IN THE AMOUNTS AND AT THE TIMES AS THE BOARD OF DIRECTORS OF INSPIRATIONAL FUTURES FOUNDATION INC WILL FROM TIME TO TIME DETERMINE. | 256,780 | NO | 12/31/24 | 2024-12-31 | GRANTEE PROVIDED A WRITTEN ANNUAL PROGRESS REPORT TO THE FOUNDATION ON APRIL 16, 2025. IT WAS DETERMINED THAT THE GRANTEE HAS APPROPRIATELY USED THE GRANTED FUNDS EXCLUSIVELY FOR CHARITABLE OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)(3) AND 170(C)(2)(B) OF THE CODE. |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| SCHWAB #4166 | 7,455,486 | 7,173,603 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| SCHWAB #4166 | 661,487 | 722,668 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| OFFICE FURNISHINGS & IMPROVEMENTS | 36,953 | 32,349 | 4,604 | 4,604 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 32,472 | 16,236 | 0 | 16,236 |
| Description | Amount |
|---|---|
| UNREALIZED LOSS | 133,719 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSES | 9,070 | 4,535 | 0 | 4,535 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT COUNSELING FEES | 102,496 | 102,496 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 33,893 | 16,946 | 0 | 16,947 |
| BANK FEES & ANNUAL REPORT | 12 | 12 | 0 | 0 |
| ESTIMATED PAYMENTS | 33,835 | 0 | 0 | 0 |
| PRIOR YEAR EXTENSION PAYMENT | 15,000 | 0 | 0 | 0 |