Grand Traverse Regional Community Foundation

Organization Overview

Grand Traverse Regional Community Foundation is located in Traverse City, MI. The organization was established in 1992. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Grand Traverse Regional Community Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Traverse Regional Community 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 12/2022, Grand Traverse Regional Community Foundation generated $5.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $5.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Grand Traverse Regional Community Foundation has awarded 1,272 individual grants totaling $17,533,307. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

WE INVEST IN THE PEOPLE AND PLACES OF OUR REGION AND STEWARD ASSETS FOR LASTING IMPACT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDES COMMUNITY SERVICE AND SUPPORT BY PROVIDING GRANTS TO 501(C)(3) NONPROFIT, MUNICIPAL, TRIBAL AND EDUCATIONAL PARTNERS. THE FOUNDATION SERVES ANTRIM, BENZIE, GRAND TRAVERSE, KALKASKA, AND LEELANAU COUNTIES BY MAKING LOCAL IMPACT IN THE COMMUNITIES THROUGHOUT THIS FIVE-COUNTY REGION. IN 2022, THE FOUNDATION PROVIDED GRANTS TO 118 ORGANIZATIONS.


THE FOUNDATION PROVIDES SCHOLARSHIP AWARDS TO STUDENTS IN ALL FIVE COUNTIES TO HELP THEM PURSUE CONTINUING EDUCATION OPPORTUNITIES IN EITHER A TRADITIONAL COLLEGE ENVIRONMENT OR AT A TECHNICAL OR TRADE SCHOOL. SCHOLARSHIPS HELP PROMOTE THE FOUNDATION'S FOCUS AREAS OF EDUCATION AND YOUTH WHILE IMPROVING THE QUALITY OF LIFE IN OUR REGION AND EASING THE FINANCIAL BURDEN OF SECONDARY EDUCATION FOR AREA RESIDENTS. IN 2022, THERE WERE 175 SCHOLARSHIP RECIPIENTS.


IN RECENT YEARS, THE FOUNDATION HAS INCREASILY PLAYED A COLLABORATIVE LEADERSHIP ROLE IN THE REGION. THIS INCLUDES CONVENING CROSS-SECTOR LEADERS TO DEVELOP AND IMPLEMENT A COMMUNITY DEVELOPMENT STRATEGY. WITH PARTNERS ACROSS THE REGION, THE FOUNDATION IS WORKING TO MOVE THE NEEDLE IN AREAS OF GREATEST NEED BY WORKING TOGETHER.


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Board, Officers & Key Employees

Name (title)Compensation
Terry Beamsley
Chair
$0
Jerry Ring
Vice Chair
$0
Beth Dunckel
Treasurer
$0
Cash Cook
Secretary
$0
Laura Asiala
Director
$0
Jurgen Griswold
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,603,495
Noncash contributions included in lines 1a–1f $81,363
Total Revenue from Contributions, Gifts, Grants & Similar$1,603,495
Total Program Service Revenue$0
Investment income $2,348,196
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,099,994
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,051,685

Grants Awarded

Over the last fiscal year, Grand Traverse Regional Community Foundation has awarded $2,869,549 in support to 118 organizations.

Grant RecipientAmount

AMERICAN RED CROSS NORTHERN MI CHAPTER

PURPOSE: HUMAN SERVICES

$14,000

5LOAVES2FISH NMI

PURPOSE: HUMAN SERVICES

$27,250

ANTRIM COUNTY

PURPOSE: ENVIRONMENTAL

$9,350

ACME CHRISTIAN THRIFT STORE & FOOD PANTRY (ACTS)

PURPOSE: HUMAN SERVICES

$25,150

ACME TOWNSHIP

PURPOSE: ENVIRONMENTAL

$10,820

ARTS FOR ALL OF NORTHERN MICHIGAN

PURPOSE: YOUTH DEVELOPMENT

$13,350
View Grant Profile

Peer Organizations

Organization NameAssets
Madison Community Foundation
Madison, WI
$36,932,800
Muskegon County Community Foundation
Muskegon, MI
$28,555,582
Foundation For Appalachian Ohio
Nelsonville, OH
$29,031,055
Midland Area Community Foundation
Midland, MI
$16,911,059
Community Foundation Of Greater Fort Wayne Inc
Fort Wayne, IN
$22,701,309
Ann Arbor Area Community Foundation
Ann Arbor, MI
$23,281,932
Community Foundation Of St Joseph County Inc
South Bend, IN
$17,614,512
Community Foundation Of Bloomington And Monroe County Inc
Bloomington, IN
$14,808,470
Community Foundation Of Greater Flint
Flint, MI
$32,890,885
Grand Haven Area Community Foundation Inc
Grand Haven, MI
$17,344,326
Fremont Area Community Foundation
Fremont, MI
$14,863,634
Community Foundation Of North Central Wisconsin Inc
Wausau, WI
$11,993,940
Oshkosh Area Community Foundation Corporation
Oshkosh, WI
$12,150,025
Kosciusko County Community Foundation Inc
Warsaw, IN
$17,717,260
Petoskey-Harbor Springs Area Community Foundation
Petoskey, MI
$9,300,684
Heritage Fund Of Bartholomew County Inc
Columbus, IN
$9,729,076
Troy Foundation
Troy, OH
$11,701,989
Community Foundation Of Lorain County
Elyria, OH
$4,276,372
Waukesha County Community Foundation Inc
Waukesha, WI
$11,175,955
Berrien Community Foundation Inc
St Joseph, MI
$10,568,745
Community Foundation Of Southern Indiana Inc
New Albany, IN
$8,060,969
Richland County Foundation Of Mansfield
Mansfield, OH
$12,579,688
Hamilton Community Foundation Inc
Hamilton, OH
$25,541,402
Hamilton County Community Foundation Inc
Fishers, IN
$16,576,177
Community Foundation Alliance Inc
Evansville, IN
$8,724,196

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