Bill and Bea Idema Foundation
Bill and Bea Idema Foundation is a private foundation, based in GRAND RAPIDS, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $118.2M in total assets. In 2024, it awarded 8 grants totaling $5.9M. Net investment income was $4.4M.
Key facts about Bill and Bea Idema Foundation
- EIN
- 38-2653272
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $5,930,000
- Grants made (2024)
- 8
- Average grant
- $741,250
- Median grant
- $125,000
- Total assets
- $118,203,328
- Primary geography
- Michigan (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Bill and Bea Idema Foundation funds
By grant dollars, the top recipient states for Bill and Bea Idema Foundation's 8 itemized 2024 grants were Michigan (100%). The most frequent recipient cities were Grand Rapids, MI (6 grants). 13% of grants with a stated purpose were for general or operating support. Recurring purposes include "Project/Program Support" (7 grants).
How Bill and Bea Idema Foundation gives
- Giving grew 493% from 2021 to 2024. Method
- In 2024 it paid out 91% 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$118.2M
-1.2% YoY
Annual Giving
$5.9M
+269.9% YoY
Grant Count
8
+33.3% YoY
Avg Grant Size
$741K
+177.4% YoY
Under IRS private-foundation payout rules, Bill and Bea Idema Foundation reported a distributable amount of $6.6M for 2024 — the minimum it must pay out in qualifying distributions.
About Bill and Bea Idema Foundation
Based on IRS filings
Bill and Bea Idema Foundation is a private foundation, based in GRAND RAPIDS, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $118.2M in total assets. In 2024, it awarded 8 grants totaling $5.9M. Net investment income was $4.4M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 8 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $118,203,328 | $119,688,344 | $119,297,037 |
| Revenue | $5,225,585 | $3,067,377 | $107,283,948 |
| Expenses | $6,809,275 | $2,567,863 | $1,696,798 |
| Qualifying Distributions | $5,950,381 | $1,624,000 | $1,308,932 |
| Net Investment Income | $4,414,715 | $2,135,719 | $1,398,446 |
| Distributable Amount | $6,562,579 | $5,812,650 | $3,236,826 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include John Ball Zoo ($3,500,000), Grand Action 20 ($1,030,000), Mary Free Bed Foundation ($1,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| JOHN BALL ZOO GRAND RAPIDS, MI | PROJECT/PROGRAM SUPPORT | $3,500,000 |
| GRAND ACTION 20 GRAND RAPIDS, MI | PROJECT/PROGRAM SUPPORT | $1,030,000 |
| MARY FREE BED FOUNDATION GRAND RAPIDS, MI | PROJECT/PROGRAM SUPPORT | $1,000,000 |
| WESTMINSTER PRESBYTERIAN CHURCH FOR CAMP HENRY NEWAYGO, MI | PROJECT/PROGRAM SUPPORT | $200,000 |
| OUR HOPE ASSOCIATION GRAND RAPIDS, MI | PROJECT/PROGRAM SUPPORT | $50,000 |
| UPCYCLE BIKES GRAND RAPIDS, MI | PROJECT/PROGRAM SUPPORT | $50,000 |
| AMERICAN HEART ASSOCIATION INC GRAND RAPIDS, MI | PROJECT/PROGRAM SUPPORT | $50,000 |
| MACKINAC CENTER MIDLAND, MI | OPERATING SUPPORT | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jeffrey B Power | President/Secretary/Trustee | 2 | $27,175 |
| P Craig Welch Jr | Chairperson/Trustee | 1 | — |
| Heidi B Jark | Vice President - Grants | 1 | — |
| Kristine Nisper | Treasurer | 1 | — |
| Thomas Welch | Trustee | 1 | — |
Frequently Asked Questions
How large is Bill and Bea Idema Foundation?
As of 2024, Bill and Bea Idema Foundation holds $118.2M in total assets with $5.2M in annual revenue. It awarded 8 grants totaling $5.9M in 2024.
Where does Bill and Bea Idema Foundation operate?
Bill and Bea Idema Foundation has awarded grants in Michigan.
What size grants does Bill and Bea Idema Foundation award?
In 2024, Bill and Bea Idema Foundation awarded 8 grants totaling $5.9M — an average of about $741K per grant, based on its IRS Form 990 filings.
How much is Bill and Bea Idema Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bill and Bea Idema Foundation reported a distributable amount of $6.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bill and Bea Idema Foundation's EIN?
Bill and Bea Idema Foundation's EIN (Employer Identification Number) is 38-2653272. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.