Michigan · Public charity
Credit Unions Chartered in the State of Michigan Sovita Credit Union
To become the primary financial services provider for our members through our continual effort to exemplify courteous, reliable, comprehensive and prompt services that are competitive with the market and correspond to the needs of our members.
- $106k
- Granted FY2025(still arriving)
- 4
- Itemized grants FY2025
- 6
- Organizations funded FY2024
- 33%
- First-time grantees FY2024
- Itemized, FY2025
- $46k
- The rest is grants the schedule does not break out
- Median grant, FY2025
- $15,000
- Largest grant, FY2025
- $16,000
- Organizations funded a year
- 2 to 6
- FY2017 to FY2024
- States reached, FY2025
- 1
- Total assets, FY2025
- $576M
How open it is to new grantees
In FY2024, 33% of the organizations Credit Unions Chartered in the State of Michigan Sovita Credit Union funded were first-time grantees, receiving 24% of its grant dollars.
New vs renewed · share of each year
In FY2024, 76% of grant dollars renewed an existing relationship; $13k went to new ones.
Where new relationships form · theme of each grantee’s first grant
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2025still arriving | 4 | $46k | 25% |
| FY2024 | 6 | $53k | 33% |
| FY2023 | 5 | $50k | 0% |
| FY2022 | 4 | $48k | 0% |
| FY2021 | 5 | $47k | 20% |
| FY2020 | 4 | $38k | 50% |
| FY2019 | 4 | $38k | 50% |
| FY2017 | 2 | $20k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.
Top grantees
Largest recipients by total granted, FY2017 to FY2025, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Genesee County Medical Society | $92,500 | 6 | 37% |
| Hurley Foundation | $65,816 | 7 | 0% |
| Education Foundation for the Flint Community Schools | $65,500 | 7 | 74% |
| McLaren Flint | $56,186 | 6 | 0% |
| Lapeer Community Schools Education Foundation | $25,000 | 3 | n/a |
| Henry Ford Health Genesys Foundation | $8,500 | 1 | 1% |
| Grand Blanc Schools | $7,500 | 1 | n/a |
| McLaren Flint Foundation | $7,000 | 1 | 0% |
| United Cancer Alliance | $6,500 | 1 | 7% |
| Flint Firebirds Foundation | $6,000 | 1 | 5% |
Where it is load-bearing
Credit Unions Chartered in the State of Michigan Sovita Credit Union supplied at least a quarter of the budget for 2 of its grantees at some point. The chart plots its 8 largest grantees; load-bearing ones sit top left.
Tap a dot to name the grantee.
How this is measured
Compare Credit Unions Chartered in the State of Michigan Sovita Credit Union with peer funders
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About Credit Unions Chartered in the State of Michigan Sovita Credit Union
- How much does Credit Unions Chartered in the State of Michigan Sovita Credit Union give?
- Credit Unions Chartered in the State of Michigan Sovita Credit Union reported 4 itemized grants totaling $45,500, out of $105,535 in total grant expense reported on the return in its FY2025 IRS filing. It funded between 2 and 6 organizations a year over FY2017 to FY2024.
- What does Credit Unions Chartered in the State of Michigan Sovita Credit Union fund?
- By grant dollars over FY2017 to FY2025, its largest causes are Health (67%), Education (27%), Philanthropy (3%).
- Who are Credit Unions Chartered in the State of Michigan Sovita Credit Union's largest grantees?
- By total granted over FY2017 to FY2025: Genesee County Medical Society ($93k), Hurley Foundation ($66k), Education Foundation for the Flint Community Schools ($66k).
- Does Credit Unions Chartered in the State of Michigan Sovita Credit Union fund new organizations?
- In FY2024, 33% of the organizations it funded were first-time grantees.
- Where is Credit Unions Chartered in the State of Michigan Sovita Credit Union based?
- Credit Unions Chartered in the State of Michigan Sovita Credit Union is based in MI.