Michigan · Public charity
Michigan Venture Capital Associatio
The mission of the organization is to grow and sustain a vibrant venture capital community in michigan by promoting an entrepenurial environment through encouraging investments in new and emerging companies, educating the community to the benefits of venture capital investing and promoting professional development of members through…
- $77k
- Granted FY2019
- 5
- Itemized grants FY2019
- 5
- Organizations funded FY2019
- 20%
- First-time grantees FY2019
- Itemized, FY2019
- $72k
- The rest is grants the schedule does not break out
- Median grant, FY2019
- $11,700
- Largest grant, FY2019
- $21,234
- Organizations funded a year
- 5 to 6
- FY2018 to FY2019
- States reached, FY2019
- 1
- Total assets, FY2019
- $1.2M
How open it is to new grantees
In FY2019, 20% of the organizations Michigan Venture Capital Associatio funded were first-time grantees, receiving 16% of its grant dollars.
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2019 | 5 | $72k | 20% |
| FY2018 | 6 | $114k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2018 to 2019.
Top grantees
Largest recipients by total granted, FY2018 to FY2019, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Augment Ventures | $41,232 | 2 | n/a |
| Fontinalis Partners LLC | $41,000 | 2 | n/a |
| Invest Detroit Foundation | $31,625 | 2 | 0% |
| Detroit Ventures Partners | $31,233 | 2 | n/a |
| Beringea LLC | $19,998 | 1 | n/a |
| Grand Ventures | $11,700 | 1 | n/a |
| Rpm Ventures III Management LLC | $9,401 | 1 | n/a |
Compare Michigan Venture Capital Associatio with peer funders
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About Michigan Venture Capital Associatio
- How much does Michigan Venture Capital Associatio give?
- Michigan Venture Capital Associatio reported 5 itemized grants totaling $72,044, out of $77,044 in total grant expense reported on the return in its FY2019 IRS filing. It funded between 5 and 6 organizations a year over FY2018 to FY2019.
- What does Michigan Venture Capital Associatio fund?
- By grant dollars over FY2018 to FY2019, its largest causes are Community Improvement (100%).
- Who are Michigan Venture Capital Associatio's largest grantees?
- By total granted over FY2018 to FY2019: Augment Ventures ($41k), Fontinalis Partners LLC ($41k), Invest Detroit Foundation ($32k).
- Does Michigan Venture Capital Associatio fund new organizations?
- In FY2019, 20% of the organizations it funded were first-time grantees.
- Where is Michigan Venture Capital Associatio based?
- Michigan Venture Capital Associatio is based in MI.
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