ROCKET GIVING FUND

ROCKET GIVING FUND

Detroit, MI, US
501(c)3
EIN
83-0873868
Fund Raising & Fund Distribution
Regional Funder

ROCKET GIVING FUND

Detroit, MI, US
501(c)3
EIN
83-0873868
Fund Raising & Fund Distribution
Regional Funder

Overview

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Est.

2018

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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The Rocket Giving Fund is a nonprofit organization focused on enhancing the quality of life in Detroit, Michigan, through support for music, technology, arts and culture, and human services. With an operating budget of $12.4 million and total revenue of $12.7 million for the 2024 filing year, the organization aims to promote community engagement and activate public spaces by facilitating major events, including a PGA Tour event and various cultural festivals. The organization does not rely on a single funder for 50% or more of its revenue.

Mission Statement

THE CORPORATION'S PRINCIPAL OBJECTIVE IS TO SUPPORT THE DETROIT COMMUNITY AND PROMOTE THE IMPROVEMENT AND QUALITY OF LIFE FOR THE PEOPLE OF DETROIT, MICHIGAN COMMUNITY AND TO PROMOTE THE IMAGE OF DETROIT THROUGHOUT THE COUNTRY THROUGH THE FACILITATION OF COMMUNITY WIDE SPORTING EVENTS INCLUDING, INITIALLY, A PGA TOUR EVENT. THE INTENT IS TO AUGMENT OTHER COMMUNITY-WIDE EVENTS WHICH NOW INCLUDE AMERICA'S THANKSGIVING PARADE, THE FORD FIREWORKS, THE DETROIT JAZZ FESTIVAL, THE MOVEMENT ELECTRONIC MUSIC FESTIVAL, MOPOP DETROIT MUSIC FESTIVAL, AND DETROIT MOVES MOBILITY TECHNOLOGY SHOWCASE AND AS PART OF AN EFFORT TO BRING OTHER PROMINENT PUBLIC EVENTS TO THE CITY. THROUGH SUPPORT OF ARTS AND CULTURE AND COMMUNITY EVENTS, THE CORPORATION INTENDS TO TRANSFORM AND ACTIVATE PUBLIC SPACES, STRENGTHEN NEIGHBORHOODS AND DEVELOP A VIBRANT URBAN CORE IN THE CITY OF DETROIT.
Revenues

$12.7M

Expenses

$12.5M

Net Income:
+$267.8K
Assets

$2.9M

Liabilities

$3.7M

Net Assets:
-$827.4K
Operating Budget

$12.4M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

7

Median grant size
$40K
Largest grant received
$282.5K
S
Steve Ogden
Board Member
W
William Emerson
Board Member
M
Marvin Beatty
Board Member

Frequently Asked Questions

What is ROCKET GIVING FUND’s budget?
In 2024, ROCKET GIVING FUND reported an annual operating budget of around $12.4 million. More detailed financial information is available to registered users.
What causes does ROCKET GIVING FUND support?
ROCKET GIVING FUND supports work in Arts and culture, Technology, Music, and Human services.
Where does ROCKET GIVING FUND operate?
ROCKET GIVING FUND is headquartered in Detroit, MI.
Who funded ROCKET GIVING FUND recently?
In 2024, ROCKET GIVING FUND received grants from GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC, PGA TOUR INC, and PRIORITY HEALTH TOTAL HEALTH FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant ROCKET GIVING FUND received in 2024?
The largest grant to ROCKET GIVING FUND in 2024 exceeds $283 thousand.
Overview
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