Bill & Vi Sigmund Foundation

Foundation · Grantmaker JACKSON, MI EIN: 30-0002491

Bill & Vi Sigmund Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JACKSON, MI. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $7.3M in total assets. In 2023, it awarded 2 grants totaling $1.1M. Net investment income was $239K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$7.3M

-0.7% YoY

Annual Giving

$1.1M

+16.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$542K

+16.1% YoY

Under IRS private-foundation payout rules, Bill & Vi Sigmund Foundation reported a distributable amount of $555K for 2023 — the minimum it must pay out in qualifying distributions.

About Bill & Vi Sigmund Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Your AI grants department

Ready to take the next step with Bill & Vi Sigmund Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Michigan $3.7M (100%)

States

Michigan

Cities

Jackson

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	$7,313,193	$7,366,112	$8,024,580
Revenue	$1,166,538	$409,702	$1,632,322
Expenses	$1,219,457	$1,068,170	$1,028,804
Qualifying Distributions	$1,084,137	$933,505	$899,399
Net Investment Income	$238,972	$188,649	$182,797
Distributable Amount	$555,033	$376,374	$376,775

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2023

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Scholarships ($766,637), Grants Donations ($317,500).

Recipient	Purpose	Amount
GRANTS DONATIONS JACKSON, MI	GENERAL FUND PURPOSES	$317,500
SCHOLARSHIPS JACKSON, MI	TUITION, FEES AND BOOKS	$766,637

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
RALPH L BODMAN	PRESIDENT	—	—
JOHN MACCHIA	DIRECTOR	—	—
KENT MAUER	DIRECTOR	—	—
CAROLYN PRATT	SECRETARY	—	$60,000
CHRIS MCCLAFFERTY	DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Bill & Vi Sigmund Foundation?

Bill & Vi Sigmund Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JACKSON, MI. It holds $7.3M in total assets as of 2023.

How large is Bill & Vi Sigmund Foundation?

As of 2023, Bill & Vi Sigmund Foundation holds $7.3M in total assets with $1.2M in annual revenue. It awarded 2 grants totaling $1.1M in 2023.

Where does Bill & Vi Sigmund Foundation operate?

Bill & Vi Sigmund Foundation has awarded grants in Michigan.

What size grants does Bill & Vi Sigmund Foundation award?

In 2023, Bill & Vi Sigmund Foundation awarded 2 grants totaling $1.1M — an average of about $542K per grant, based on its IRS Form 990 filings.

How much is Bill & Vi Sigmund Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Bill & Vi Sigmund Foundation reported a distributable amount of $555K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.