Dick And Betsy Devos Family Foundation
- Assets
- $0.0
- Revenue
- $15.2m
- Investments
- $44.3m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 07/1990
- Data as of
- 12/2020
- EIN
- 38-2902412
Organization Overview
Dick And Betsy Devos Family Foundation is located in Grand Rapids, MI. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Dick And Betsy Devos 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 12/2020, Dick And Betsy Devos Family Foundation generated $15.2m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $12.9m during the year ending 12/2020. While expenses have increased by 4.8% per year over the past 3 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 2020, Dick And Betsy Devos Family Foundation has awarded 318 individual grants totaling $23,823,400. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard M Devos III Director | 1 | $0 | |
Robert H Schierbeek Vp/coo | 0.1 | $0 | |
Jeffrey S Bowerman VP Of Tax | 0.1 | $0 | |
Elisabeth Devos Lowery Director | 1 | $0 | |
Susan E Valcq Treasurer/secretary | 0.1 | $0 | |
Andrea Devos Abraham Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ottawa Avenue Private Capital | 12/30/21 | $205,237 |
Rdv Corporation | 12/30/21 | $756,662 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000,000 |
| Interest on Savings | $286 |
| Dividends & Interest | $427,703 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,776,797 |
| Total Revenue | $15,195,642 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $43,811 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $384 |
| Printing and publications | $623 |
| Total operating and administrative expenses | $1,007,763 |
| Contributions, gifts, grants paid | $11,864,900 |
| Total expenses and disbursements | $12,872,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $42,167,387 |
| Other assets | $2,150,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $767 |
Grants Awarded
Over the last fiscal year, Dick And Betsy Devos Family Foundation has awarded $10,828,500 in support to 153 organizations.
| Grant Recipient | Amount |
|---|---|
WILLOW CREEK ASSOCIATION PURPOSE: GENERAL OPERATING | $900,000 |
College Park, MD PURPOSE: CAPITAL CAMPAIGN | $750,000 |
Columbia, MD PURPOSE: GENERAL OPERATING | $500,000 |
STUDENT FREEDOM INITIATIVE INC PURPOSE: PROJECT/PROGRAM - EDUCATION WITH A PURPOSE | $500,000 |
STUDENT FREEDOM INITIATIVE INC PURPOSE: PROJECT/PROGRAM - EDUCATION WITH A PURPOSE | $500,000 |
WILLOW CREEK ASSOCIATION PURPOSE: GENERAL OPERATING | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |
Bader Philanthropies Inc Milwaukee, WI | $26,809,232 | $30,829,351 |
The Cummins Foundation Inc Columbus, IN | $50,145,455 | $23,676,992 |
The Samuel And Jean Frankel Jewish Heritage Foundation Troy, MI | $178,134,480 | $24,091,324 |