Endowment / Foundation

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The Max M. & Marjorie S. Fisher Foundation

The Max M. & Marjorie S. Fisher Foundation was established in 1955 by Max M. Fisher and Marjorie S. Fisher. Max built Aurora Gasoline and pursued real estate...

The Max M. & Marjorie S. Fisher Foundation logo

The Max M. & Marjorie S. Fisher Foundation

The Max M. & Marjorie S. Fisher Foundation was established in 1955 by Max M. Fisher and Marjorie S. Fisher. Max built Aurora Gasoline and pursued real estate investments; the foundation continues to reflect those origins through its emphasis on Jewish values and tzedakah. The foundation deploys capital across private equity, real estate, and credit strategies. Confirmed holdings include commitments to Thoma Bravo Fund XIII, GoldenTree Asset Management distressed fund, and Anchorage Capital Group credit fund. It also holds positions in FPA Multifamily Fund VI and FPA Multifamily Fund VII. Geographic reach centers on the United States with additional exposure to Israel through the Dualis Social Investment Fund. The foundation employs 12 professionals and maintains its headquarters in Southfield, Michigan. It participates in the Jewish Funders Network, Mission Investors Exchange, and Global Impact Investing Network. In January 2025 it sponsored the Community Champions Summit in Detroit focused on economic development and housing. Governance rests with family trustees including Phillip Wm. Fisher and Julie Fisher Cummings alongside Executive Director Douglas Bitonti Stewart. This family-led board structure integrates investment decisions with philanthropic mandate, enabling direct ownership in operating businesses such as Artesian Farms alongside fund commitments.

General information

Firm type

Endowment / Foundation

Year founded

1955

Location

Region

North America

Country

United States

City

Southfield

Corporate office

Two Towne Square, Suite 920, Southfield, MI 48076

Principals

Phillip Wm. Fisher

Chairman of the Board of Trustees and Impact Investing Chair

Julie Fisher Cummings

Trustee

Douglas Bitonti Stewart

Executive Director

Sector focus

EducationImpact InvestingReal Estate

Frequently asked questions

Who runs investment decisions at the Max M. & Marjorie S. Fisher Foundation?

Phillip Wm. Fisher serves as Chairman of the Board of Trustees and Impact Investing Chair. Douglas Bitonti Stewart acts as Executive Director. The board includes family trustee Julie Fisher Cummings.

Does the foundation participate in fund commitments or only direct deals?

The foundation makes both fund commitments and direct investments. Holdings include Thoma Bravo Fund XIII, GoldenTree Asset Management, and Anchorage Capital Group alongside direct stakes such as Artesian Farms.

What investment stages does the foundation typically target?

The foundation targets buyout, growth, early-stage venture, and distressed debt opportunities through its fund commitments and direct holdings.

Where does the underlying wealth come from?

Wealth originated with Max M. Fisher through Aurora Gasoline and real estate investments, along with Marjorie S. Fisher.

Does the foundation maintain philanthropic structures, and how are they separated?

The foundation operates as a private family foundation with an estimated annual giving level of $19.5 million. It separates grantmaking from investment activities while using program-related investments for impact goals.

How does the foundation source proprietary deal flow?

Deal flow arises through memberships in the Jewish Funders Network, Mission Investors Exchange, and Global Impact Investing Network plus co-investment relationships such as with the Kresge Foundation on the Michigan Good Food Fund.

What is the foundation's known posture on co-investments alongside external GPs?

The foundation acts as a limited partner in multiple funds and has executed co-investments including the Michigan Good Food Fund alongside the Kresge Foundation.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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