The Ann Arbor Area Community Foundation is a philanthropic organization with a broad focus — enriching the quality of life in Washtenaw County. Residents established the foundation more than 50 years ago as a permanent source of community capital. Proceeds from its endowed funds are distributed as scholarships as well as grants for local nonprofits. In 2020, the foundation had $177 million in assets, distributed $7.7 million in grants and scholarships, and has received $20.3 million in new gifts and pledges. Along with grantmaking and scholarship efforts, the foundation maintains efforts to support young Black men and boys, strengthen arts and cultural nonprofits, help seniors and their caregivers, work with entrepreneurs, and encourage youth to get involved with philanthropy, grantmaking, and community service.