Busby Memorial Educational Fund is a private foundation focused on Education, based in DETROIT, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 2 grants totaling $85K. Net investment income was $78K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
-0.5% YoY
Annual Giving
$85K
-6.5% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$42K
-6.5% YoY
Under IRS private-foundation payout rules, Busby Memorial Educational Fund reported a distributable amount of $86K for 2024 — the minimum it must pay out in qualifying distributions.
About Busby Memorial Educational Fund
Based on IRS filings
Busby Memorial Educational Fund is a private foundation focused on Education, based in DETROIT, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 2 grants totaling $85K. Net investment income was $78K.
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 | $1,574,165 | $1,581,733 | $1,608,434 |
| Revenue | $104,258 | $93,329 | $101,213 |
| Expenses | $114,446 | $118,365 | $119,274 |
| Qualifying Distributions | $87,604 | $93,274 | $91,547 |
| Net Investment Income | $78,240 | $68,739 | $75,342 |
| Distributable Amount | $86,014 | $79,584 | $83,115 |
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 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hillsdale College ($59,334), Interlochen Center for the Arts ($25,429).
| Recipient | Purpose | Amount |
|---|---|---|
| HILLSDALE COLLEGE HILLSDALE, MI | SUPPORT OF DAILY OPERATIONS | $59,334 |
| INTERLOCHEN CENTER FOR THE ARTS INTERLOCHEN, MI | SUPPORT OF DAILY OPERATIONS | $25,429 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| COMERICA BANK | CO-TRUSTEE | 1 | $28,414 |
| JOHN M CHASE JR | CO- TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Busby Memorial Educational Fund?
Busby Memorial Educational Fund is a private foundation focused on Education, based in DETROIT, MI. It holds $1.6M in total assets as of 2024.
How large is Busby Memorial Educational Fund?
As of 2024, Busby Memorial Educational Fund holds $1.6M in total assets with $104K in annual revenue. It awarded 2 grants totaling $85K in 2024.
Where does Busby Memorial Educational Fund operate?
Busby Memorial Educational Fund has awarded grants in Michigan.
What size grants does Busby Memorial Educational Fund award?
In 2024, Busby Memorial Educational Fund awarded 2 grants totaling $85K — an average of about $42K per grant, based on its IRS Form 990 filings.
How much is Busby Memorial Educational Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Busby Memorial Educational Fund reported a distributable amount of $86K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Busby Memorial Educational Fund's EIN?
Busby Memorial Educational Fund's EIN (Employer Identification Number) is 38-2683345. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Busby Memorial Educational Fund'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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