EIN 38-1554664

Michigan Tech Fund

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Houghton
Year formed
1965
Most recent tax filings
2022-06-01
Description
The Michigan Tech Fund receives, invests, and disburses contributions raised to support Michigan Technological University. It financially supports all academic units of the university and awards around 1,000 scholarships and fellowships.
Total revenues
$23,017,845
2022
Total expenses
$15,866,543
2022
Total assets
$210,588,714
2022
Num. employees
0
2022

Program areas at Michigan Tech Fund

The Michigan Tech Fund provides financial support to all Michigan Technological University's academic units and to its infrastructure.
The Michigan Tech Fund awards approximately 1,000 scholarships and fellowships to Michigan Technological University.

Who funds Michigan Tech Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Thompson FoundationThompson Working Families Scholarship Program$896,500
Schwab Charitable FundEducation$828,750
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$233,405
...and 42 more grants received totalling $2,799,483

Personnel at Michigan Tech Fund

NameTitleCompensation
Julie SeppalaTreasurer$0
William RobertsVice President$0
Karla AhoSecretary$0
Eric HalonenVice President
Roberta DessellierSecretary
...and 1 more key personnel

Financials for Michigan Tech Fund

RevenuesFYE 06/2022
Total grants, contributions, etc.$17,259,222
Program services$0
Investment income and dividends$2,554,135
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$3,094,095
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$110,393
Total revenues$23,017,845

Form 990s for Michigan Tech Fund

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-12990View PDF
2021-062022-05-13990View PDF
2020-062022-05-17990View PDF
2019-062021-04-19990View PDF
2018-062019-03-16990View PDF
...and 8 more Form 990s
Data update history
May 18, 2024
Received grants
Identified 15 new grant, including a grant for $28,000 from Greater Green Bay Community Foundation (GGBCF)
October 25, 2023
Received grants
Identified 6 new grant, including a grant for $55,750 from Saint Paul and Minnesota Foundation
August 19, 2023
Received grants
Identified 28 new grant, including a grant for $410,000 from The Robert D and Patricia E Kern Family Foundation
August 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 9, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsState / local levelEndowed supportTax deductible donationsNo full-time employees
General information
Address
1400 Townsend Dr
Houghton, MI 49931
County
Houghton County, MI
Website URL
mtu.edu/giving/ 
Phone
(906) 487-1931
IRS details
EIN
38-1554664
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1965
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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