Banyan Foundation
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 grant totaling $1K. Net investment income was $14K.
Banyan Foundation at a glance
In short: Banyan Foundation gave $1K across 1 grant in 2024 (avg $1K), mostly in Michigan. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,000
- +0.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $1,000
- +0.0% vs 2023
- Median grant
- $1,000
- Total assets
- $166,484
- -31.7% vs 2023
- Primary geography
- Michigan (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Banyan Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Grassroot Detroiters ($1K).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Banyan Foundation gives
- In 2024 it paid out 14% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $500 (2022) to $1K (2024). In 2024 it made 1 grant totaling $1K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Grassroot Detroiters Detroit, MI | Support for Arts and Sciences in Detroit | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $166,484 | $19,141 | $7,679 | $1,000 | 1 | $1,000 | $14,204 | $7,303 |
| 2023 | $243,791 | $68,846 | $18,735 | $1,000 | 1 | $1,000 | $53,531 | $11,149 |
| 2022 | $111,630 | $1,265 | $10,888 | $500 | 1 | $500 | — | $5,727 |
| 2021 | $112,817 | $17,147 | $13,331 | — | — | — | $4,737 | $5,661 |
| 2020 | $115,775 | $13,636 | $12,722 | — | — | — | $1,274 | $5,694 |
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.
Leadership & Key People
Officers and directors from IRS filings
Banyan Foundation is led by Aamir Farooqi, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Aamir Farooqi
President
On filings since 2020
No compensation reported
Julie Horn
Treasurer
On filings since 2020
No compensation reported
Scott Ord
General Manager & Secretary
On filings since 2020
No compensation reported
Former officers (1)
- Former: Mary Lynn Staley (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Banyan Foundation
How much does Banyan Foundation give each year?
Banyan Foundation gave $1K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1K across 1 grant.
How large is Banyan Foundation?
Banyan Foundation reported $166K in total assets on its 2024 IRS Form 990-PF. It paid out $1K in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Where does Banyan Foundation operate?
Banyan Foundation has awarded grants in Michigan.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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