Michigan · Public charity
Lafcu
While promoting the credit union philosophy, we are committed to providing financial services for the changing needs of our members and helping them obtain personal financial security.
- $5.5M
- Granted FY2024(still arriving)
- 3
- Itemized grants FY2024
- 3
- Organizations funded FY2023
- 33%
- First-time grantees FY2023
- Itemized, FY2024
- $5.0M
- The rest is grants the schedule does not break out
- Median grant, FY2024
- $10,000
- Largest grant, FY2024
- $5,000,000
- Organizations funded a year
- 1 to 3
- FY2018 to FY2023
- States reached, FY2024
- 1
- Total assets, FY2024
- $1.1B
How open it is to new grantees
In FY2023, 33% of the organizations Lafcu funded were first-time grantees, receiving 65% of its grant dollars.
New vs renewed · share of each year
In FY2023, 35% of grant dollars renewed an existing relationship; $32k 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 |
|---|---|---|---|
| FY2024still arriving | 3 | $5.0M | 33% |
| FY2023 | 3 | $49k | 33% |
| FY2022 | 1 | $10k | 100% |
| FY2020 | 1 | $10k | 100% |
| FY2019 | 2 | $15k | 100% |
| FY2018 | 1 | $10k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2018 to 2024.
Top grantees
Largest recipients by total granted, FY2018 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Stablecommunities Foundation | $5,000,000 | 1 | 100% |
| Reo Town Commercial Association | $31,535 | 1 | n/a |
| Greater Lansing Area Holiday Commission | $30,458 | 3 | 19% |
| Xavier Degroat Autism Foundation | $27,000 | 3 | 6% |
| Itec - Lansing | $10,000 | 1 | 5% |
| Lansing Promise | $7,500 | 1 | 1% |
| Off-Sheet Music LLC | $7,500 | 1 | n/a |
About Lafcu
- How much does Lafcu give?
- Lafcu reported 3 itemized grants totaling $5,020,000, out of $5,467,775 in total grant expense reported on the return in its FY2024 IRS filing. It funded between 1 and 3 organizations a year over FY2018 to FY2023.
- What does Lafcu fund?
- By grant dollars over FY2018 to FY2024, its largest causes are Housing & Shelter (98%), Community Improvement (1%), Health (1%).
- Who are Lafcu's largest grantees?
- By total granted over FY2018 to FY2024: Stablecommunities Foundation ($5.0M), Reo Town Commercial Association ($32k), Greater Lansing Area Holiday Commission ($30k).
- Does Lafcu fund new organizations?
- In FY2023, 33% of the organizations it funded were first-time grantees.
- Where is Lafcu based?
- Lafcu is based in MI.
Play a game based on Lafcu’s filings →