Banyan Foundation is a private foundation focused on Community Improvement & Capacity Building, based in DETROIT, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $166K in total assets. In 2024, it awarded 1 grants totaling $1K. Net investment income was $14K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$166K
-31.7% YoY
Annual Giving
$1K
+0.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$1K
+0.0% YoY
Under IRS private-foundation payout rules, Banyan Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
About Banyan Foundation
Based on IRS filings
Banyan Foundation is a private foundation focused on Community Improvement & Capacity Building, based in DETROIT, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $166K in total assets. In 2024, it awarded 1 grants totaling $1K. Net investment income was $14K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $166,484 | $243,791 | $111,630 |
| Revenue | $19,141 | $68,846 | $1,265 |
| Expenses | $7,679 | $18,735 | $10,888 |
| Qualifying Distributions | $1,000 | $1,000 | $500 |
| Net Investment Income | $14,204 | $53,531 | — |
| Distributable Amount | $7,303 | $11,149 | $5,727 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Grassroot Detroiters ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GRASSROOT DETROITERS DETROIT, MI | SUPPORT FOR ARTS AND SCIENCES IN DETROIT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SCOTT ORD | GENERAL MANAGER/SECRETARY | — | — |
| AAMIR FAROOQI | PRESIDENT | — | — |
| JULIE HORN | TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Banyan Foundation?
Banyan Foundation is a private foundation focused on Community Improvement & Capacity Building, based in DETROIT, MI. It holds $166K in total assets as of 2024.
How large is Banyan Foundation?
As of 2024, Banyan Foundation holds $166K in total assets with $19K in annual revenue. It awarded 1 grants totaling $1K in 2024.
Where does Banyan Foundation operate?
Banyan Foundation has awarded grants in Michigan.
What size grants does Banyan Foundation award?
In 2024, Banyan Foundation awarded 1 grants totaling $1K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Banyan Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Banyan Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Banyan Foundation's EIN?
Banyan Foundation's EIN (Employer Identification Number) is 81-4086211. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Banyan Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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