Degroot Family Foundation

Organization Overview

Degroot Family Foundation is located in Watervliet, MI. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Degroot Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Degroot Family Foundation generated $573.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $846.7k during the year ending 12/2021. While expenses have increased by 7.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Degroot Family Foundation has awarded 100 individual grants totaling $2,986,943. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $30,987
Dividends & Interest $212,446
Net Rental Income$0
Net Gain on Sale of Assets $329,947
Capital Gain Net Income $329,947
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $573,380

Grants Awarded

Over the last fiscal year, Degroot Family Foundation has awarded $680,475 in support to 21 organizations.

Grant RecipientAmount

BERRIEN COMMUNITY FOUNDATION

Org PageRecipient Profile

St Joseph, MI

PURPOSE: DONOR ADVISED FUND

$100,000

COVENANT HOUSE MICHIGAN

Org PageRecipient Profile

Detroit, MI

PURPOSE: OPERATIONAL SUPPORT

$100,000

CORNERSTONE ALLIANCE

Org PageRecipient Profile

Benton Harbor, MI

PURPOSE: ECONOMIC DEVELOPMENT

$75,000

PREVENTION WORKS INC

Org PageRecipient Profile

Kalamazoo, MI

PURPOSE: ENGAGE CHANGE IN KALAMAZOO PROGRAM

$75,000

KALAMAZOO COUNTY READY 4'S

Org PageRecipient Profile

Kalamazoo, MI

PURPOSE: TUITION ASSISTANCE

$50,000

BOYS & GIRLS CLUB-BENTON HARBOR

PURPOSE: BE THERE PROGRAM

$50,000
View Grant Profile

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