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Philanthropic Giving

Through the Flagstar Foundation, we give back to those we serve by promoting workforce readiness, arts and culture, and financial capability.

Flagstar Foundation

The prosperity, equity, and well-being of our community, both internal and external to Flagstar Bank, drive the efforts of the Flagstar Foundation. We know that when our communities are thriving we are all successful. That is why the Foundation leads every endeavor with our community in mind.

 

From our Foundation grants made through a DEI lens or the Flagstar Bank employee assistance fund, seeded by the Foundation, to the board support and community involvement grants contributed to organizations where our employees volunteer, the Flagstar Foundation puts the interests of our communities first. This approach is essential to our collective success.

The Flagstar Foundation looks to provide grants to nonprofit organizations and support causes that align with our corporate philanthropy priorities within the communities we serve:

  • Michigan
  • Northern Indiana (Primarily South Bend and Fort Wayne)
  • Northern Wisconsin (Gillet, Mountain, and Oconto Falls)
  • California (High Desert of San Bernardino County)
  • Arizona*
  • New Jersey*
  • New York*
  • Ohio*
  • South Florida*

*As of December 2022 the communities we serve have grown to include this additional geographic area.

The Foundation’s priorities are workforce readiness, arts and culture, and financial capability. The Board places special emphasis on directing grant funding toward nonprofits that serve diverse racial and ethnic groups, the LGBTQIA+ community, people with disabilities, women, and veterans to ensure that we are supporting and promoting the bank’s commitment to diversity, equity, and inclusion. In anticipation of the December merger with New York Community Bank, Flagstar further reaffirmed its commitment to our communities by making a $22.1 million contribution to the Flagstar Foundation.

 

Workforce readiness

We support organizations preparing individuals with barriers to employment to earn a livable wage. Examples of programs we support are:

  • Apprenticeship programs
  • Skilled trades training
  • STEM initiatives
  • Literacy programs

Arts and culture

We support organizations addressing artistic cultural diversity for individuals from underserved communities to discover and develop their creative abilities. This area covers visual, musical, and performing arts. Examples of programs we support include:

  • Art therapy
  • Community performances and exhibits
  • Art educational programs

Financial capability

We support organizations serving individuals with low to moderate incomes to build knowledge, well-being, security, and confidence. This priority area is accomplished by supporting nonprofit organizations offering Volunteer Income Tax Assistance (VITA) tax preparation programs.

 

The Foundation takes pride in offering capacity-building grants to create sustainable organizations by supporting their ability to achieve growth and make an impact in addition to programmatic grants. We also award board support, community involvement, and employee resource group-directed grants ranging from $500 to $5,000.

 

In 2022, the Foundation continued its support of the Employee Assistance Fund. Established in 2020 as a response to the COVID-19 pandemic, the fund has provided 450 grants totaling nearly $337,500 to colleagues in need since its inception.

 

Learn more about the impact of the Employee Assistance Fund.

 

Flagstar Foundation 2022 contributions:

  • $2.25 million total
  • Average grant range $5,000 - $25,000
  • 99 grants to nonprofits
  • 47 grants totaling $191,500 to employee nonprofit board and volunteer activity

Flagstar Foundation total contributions since its founding in 2017:

  • 633 grants totaling $10,290,755 to nonprofits
  • 207 grants totaling $691,200 to employee nonprofit board and volunteer activity
  • $1,104,736 in contributions from Flagstar employees

 

Learn more about the Flagstar Foundation, including ways you can help.

 

Employee contributions and fundraising efforts

The Foundation prides itself on being a conduit between employees and the community. Part of our employee engagement commitment is to facilitate opportunities for our employees to financially support causes that are truly important to them. 

 

In 2022, Flagstar employees raised $80,500 through employee contributions and fundraising campaigns. These contributions supported the employee assistance fund and federally qualified disaster relief, specifically the California wildfires and Hurricanes Ian and Fiona. Additionally, several business units held a March Madness event to benefit the Foundation.

Employee resource group and DEI committee directed grants

Each of Flagstar’s Employee Resource Groups and Diversity, Equity, and Inclusion committees had the opportunity to present a $5,000 grant to a nonprofit organization that aligns with their focus. The groups were encouraged to make their selection based on two criteria:

  • General program costs to maintain services for clientele
  • Capacity-building initiatives to develop critical capabilities for sustainability

In 2022, 12 nonprofits received grants through this program. During their respective awareness months, the ERGs and DEI Committees presented the grants to increase community connectivity and deepen impact in the areas most important to our employees.

Quotes from ERG members

“It means a great deal to be able to support the organizations we do because they are typically smaller or grassroots organizations that don’t have as significant of a reach as some of the big players. Supporting and offering help to those groups that genuinely need it and providing financial and additional exposure are massive wins for our ERG members, ensuring that we recognize those who are underserved in the LGBTQ+ community. A bonus of the process is connecting other organizations with the Flagstar Foundation, which can increase the bank’s impact.”

- PRIDE Employee Resource Group

 

“Our engagement through the Flagstar Foundation helped the newly formed Green Team ERG connect not only to its employee membership but also with the American Forests initiative and the Detroit Tree Equity Partnership. Our support of the environment through planting trees in our local community also helped to create jobs, increase green space, and provide carbon credit, stormwater mitigation, and positive public health outcomes."

- Green Team Employee Resource Group

Promoting equity and prosperity through philanthropy

We prioritize funding organizations led by and serving diverse populations who accomplish impactful work in their communities. In fact, in 2022, 80% of our grants went to organizations serving diverse populations. Additionally, the Foundation is pleased to highlight the diversity of our grantees through the Diversity Champions social media series, a monthly Flagstar Bank initiative lifting organizations driving positive change.

 

Organizations leading meaningful, equity-driven work in our communities

Fort Wayne Dance Collective

Fort Wayne Dance Collective serves northeast Indiana by inspiring and empowering people through movement and rhythm. Founded in 1979, the organization offers programs in a non-competitive and accessible environment for participants of all ages and abilities, including those with physical, developmental, or emotional disabilities and at-risk, low-income, and underserved students. Its mission is to present progressive and diverse arts programs to develop human potential. During its 2022 fiscal year, FWDC served a total of 36,727 individuals, specifically 29% youth, 61% adults, and 10% seniors.

 

You can watch a short video of the Fort Wayne Dance Collective in action here.

 

Affirmations LGBTQ+ Community Center

Affirmations LGBTQ+ Community Center provides a welcoming space for people of all sexual orientations, gender identities and expressions, and cultures to find support and unconditional acceptance where they can learn, grow, socialize, and feel safe. For several years, the Flagstar Foundation has supported Affirmations’ Youth Leadership and Workforce Development Program, which provides professional, leadership, and advocacy tools to LGBTQ+ youth ages 12 to 22 and covers such topics as identity, harm reduction, and career development.

 

You can follow Affirmations' YouTube channel here.

 

2022 highlights of our Diversity Champions series

 

Dutton Farm empowers and supports adults with disabilities to live a life of purpose, inclusion, and dignity.

Dutton Farm website: duttonfarm.org

Diversity Champion series: LinkedIn

 

First Nations Development Institute works to strengthen American Indian economies to support healthy Native communities.

First Nations Development Institute: firstnations.org

Diversity Champion series: LinkedIn

 

Korean American Women’s Association of Michigan develops leadership skills and empowers women through Christian beliefs and values.

KAWA Michigan online: facebook.com/KAWAMichigan

Diversity Champion series: LinkedIn

 

Soldiers Angels provides aid, comfort, and resources to the military, veterans, and their families.

Soldier’s Angels website: soldiersangels.org

Diversity Champion series: LinkedIn

Nonprofit spotlights

Blue Jacket, Inc., Fort Wayne, Indiana 

Blue Jacket, Inc., helps formerly incarcerated individuals re-enter society by providing training and opportunities to earn gainful employment. In 2022, the Flagstar Foundation was pleased to continue our partnership with them in workforce readiness by providing grant funding to support their newest social enterprise, Tall Rabbit Café. The coffee shop allows the public to see Blue Jacket’s mission in action as it strives toward its 3-5-year goal of having 100% of Academy graduates employed within three months of graduation.

 

Hear from Bobbianne Anderson, a program graduate and the recipient of the Chief Blue Jacket Award.

 

Hear from Wesley McGhee, a program graduate and recipient of the Chief Blue Jacket Award.

 

Wrightwood Arts Center, Wrightwood, California

Staffed by local artists and volunteers, the Wrightwood Arts Center (WAC) offers workshops in the visual, music, movement, textile, healing, performance, and literary arts while working to support other artists and arts organizations within the community. Its mission is to inspire creative expression through classes, performances, and programs for individuals of all ages. In 2022, Flagstar was thrilled to support WAC with a capacity-building grant for a part-time resource and event coordinator to boost arts volunteers, partnerships, and event participation by as much as 50%. 

 

To learn more about WAC, watch The Inspiration You Find: Exploring the Arts in Wrightwood.

 

Detroit Horse Power, Detroit, Michigan

Detroit Horse Power harnesses the power of horses to expand opportunities for Detroit’s youth. Since 2015, it has brought hundreds of youth to horse barns outside the city for free summer horse camps and after-school programs. Participants learn riding, horse care, and social-emotional skills, such as perseverance, empathy, responsible risk-taking, confidence, and self-control. In 2022, the Flagstar Foundation was pleased to support program access for more students through our Board Support and Employee Resource Group directed grants. 

 

To learn more about Detroit Horse Power, watch Successful Journeys.

New York philanthropic giving

Serving since 2000, the New York Community Bank and Richmond County Savings Foundations have awarded more than $99.4 million combined in grants to more than 6,200 community organizations throughout the New York Tri-State area, supporting causes including, among others, health and human services, education, civic and community services, and arts and culture.

2022 Flagstar Foundations Grantees

Alameda County Community Food Bank

Cultural Arts Center of the High Desert

Girl Scouts of San Gorgonio Council 

Happy Trails Children's Foundation 

International Trade Education Programs, Inc. 

Kiwanis Club of Apple Valley 

Mojave Valley United Fund, Inc.

New Hope Village, Inc.

Second Harvest of Silicon Valley

St. Mary Medical Center

Thundar, Lightning, and Peace

Victor Valley Community Services Council

Victor Valley Domestic Violence – A Better Way

Wrightwood Arts Center

Veteran’s Empowerment Organization

MDA

Amani Family Services

Arts United

Blue Jacket, Inc.

Catholic Charities Diocese of Fort Wayne-South Bend, Inc.

Fort Wayne Civic Theatre

Fort Wayne Dance Collective

Honeywell Foundation

Junior Achievement of Northern Indiana

Junior Achievement of Northern Indiana - South Bend

Radio Sabor Latino

Science Central

St. Joseph County Park Foundation, Inc.

United Way of Allen County

YWCA Northeast Indiana, Inc.

Accounting Aid Society 

Affirmations 

American Heart Association 

Anchor Jackson Initiative 

Art Road

Arts and Cultural Alliance-Bright Walls

Beds 4 Kids 

Big Brother Big Sisters Jackson County

Black United Fund of Michigan-Soul for Philanthropy

Cass Community Social Services 

Centro Multicultural La Familia

Chaldean Community Foundation 

Community Economic Development Association of Michigan (CEDAM) 

Community Foundation for Southeast Michigan

Community Foundation for Zeeland/Holland Area -Holland International Festival

Crossroads of Michigan 

Detroit Cristo Rey HS

Detroit Horse Power 

Detroit Public Theatre 

Detroit Skating Club 

Detroit Institute of Arts

Downtown Boxing Gym Youth Program 

Dutton Farm

Family Services and Children’s Aid

Forgotten Harvest 

Girls Scouts of Southeastern Michigan 

Goodwill Industries of Greater Detroit 

GreenLight Fund 

Hillsdale CASA, Inc. 

Human I-T

InForum 

Invest Detroit 

ISAIC

Jackson Friendly Home

Jackson School of the Arts

John George Home

Kalamazoo Gospel Mission 

Korean-American Women’s Association of Michigan

Lao Community Association of Holland 

Lighthouse of Michigan 

LISC Detroit

Macomb County Humane Society

Mai Family Services 

Michigan Community Resources 

Michigan Council of Women in Technology 

Michigan Humane Society 

Millennials Matter USA 

Minority Education Freedom Foundation 

MTU Fund-Parade of Nations 

New Development Corporation 

Region II Commission on Services to the Aging 

Samaritas 

Saugatuck Center for the Arts

Second Ebenezer Baptist Church - College Ministry

Soldier’s Angels 

Stand With Trans 

Theatre North-Emberlight Festival

Todd Martin Youth Leadership

Twelve Baskets Food Pantry 

United Way of South Central Michigan 

Vista Maria

Wayne Metropolitan Community Action Agency 

Winning Futures 

YouthWorks - Detroit

National Indian Child Welfare Association (NICWA)

DeliverFund

America's Charities (EAF)

American Forests

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Outreach & Volunteerism

Catalyzing positive change in our communities.

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Employee Engagement

We recognize the importance of developing, engaging, and protecting our greatest asset – our employees.