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.
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
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 |
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 include John Ball Zoo ($3,500,000), Grand Action 20 ($1,030,000), Mary Free Bed Foundation ($1,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| OUR HOPE ASSOCIATION GRAND RAPIDS, MI | PROJECT/PROGRAM SUPPORT | $50,000 |
| UPCYCLE BIKES GRAND RAPIDS, MI | PROJECT/PROGRAM SUPPORT | $50,000 |
| GRAND ACTION 20 GRAND RAPIDS, MI | PROJECT/PROGRAM SUPPORT | $1,030,000 |
| WESTMINSTER PRESBYTERIAN CHURCH FOR CAMP HENRY NEWAYGO, MI | PROJECT/PROGRAM SUPPORT | $200,000 |
| AMERICAN HEART ASSOCIATION INC GRAND RAPIDS, MI | PROJECT/PROGRAM SUPPORT | $50,000 |
| JOHN BALL ZOO GRAND RAPIDS, MI | PROJECT/PROGRAM SUPPORT | $3,500,000 |
| MACKINAC CENTER MIDLAND, MI | OPERATING SUPPORT | $50,000 |
| MARY FREE BED FOUNDATION GRAND RAPIDS, MI | PROJECT/PROGRAM SUPPORT | $1,000,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
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