Canaan Foundation Trust
Canaan Foundation Trust is a private foundation, based in Traverse City, MI. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $984K in total assets. In 2024, it awarded 8 grants totaling $19K. Net investment income was $60K.
Canaan Foundation Trust at a glance
In short: Canaan Foundation Trust gave $19K across 8 grants in 2024 (avg $2K), mostly in Michigan. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $19,352
- +26.2% vs 2023
- Grants made (2024)
- 8
- +0.0% vs 2023
- Average grant
- $2,419
- +26.2% vs 2023
- Median grant
- $1,968
- Total assets
- $983,551
- +19.8% vs 2023
- Primary geography
- Michigan (61% 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 Canaan Foundation Trust funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Living Hope Assembly of God ($5K). Together the top 8 received $19K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 29 grants of 29 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How Canaan Foundation Trust gives
- Giving grew 53% from 2021 to 2024. Method
- In 2024 it paid out 54% 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 2021 to 2024, annual grant giving ranged from $13K (2021) to $35K (2022). In 2024 it made 8 grants totaling $19K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Living Hope Assembly of God Traverse City, MI | General Donation | $5,100 |
| House of Prayer Traverse City, MI | Donation | $5,000 |
| Mission Eurasia Franklin, TN | General Donation | $3,000 |
| Big Life Ridgefield, WA | General Donation | $2,016 |
| Assemblies of God Springfield, MO | General Donation | $1,920 |
| Traverse Life Center Traverse City, MI | General Donation | $1,656 |
| The Fathers House Glen Rose, TX | General Donation | $440 |
| The Garden Worship Center Belleview, FL | General Donation | $220 |
Ready to take the next step with Canaan Foundation Trust?
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 | $983,551 | $171,290 | $49,013 | $19,352 | 8 | $28,930 | $60,339 | $53,397 |
| 2023 | $820,937 | $153,760 | $53,992 | $15,340 | 8 | $34,177 | $96,340 | $35,404 |
| 2022 | $671,170 | $80,293 | $38,855 | $34,941 | 7 | $36,898 | $45,031 | $30,034 |
| 2021 | $890,342 | $901,792 | $15,566 | $12,686 | 6 | $14,126 | $17,379 | $27,336 |
Under IRS private-foundation payout rules, Canaan Foundation Trust reported a distributable amount of $53K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Canaan Foundation Trust is led by Keith M. Nielson, President on every filing since 2021; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Keith M. Nielson
President
On filings since 2021
No compensation reported
Dana A. Crosby
Vice President
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 Canaan Foundation Trust
How much does Canaan Foundation Trust give each year?
Canaan Foundation Trust gave $19K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $15K across 8 grants.
What is Canaan Foundation Trust's typical grant size?
Canaan Foundation Trust's median grant in 2024 was $1,968, and its average grant was $2,419, across 8 grants on its 2024 IRS Form 990-PF.
Where does Canaan Foundation Trust give grants?
Canaan Foundation Trust gives mostly in Michigan: 61% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Tennessee (16%) and Washington (10%). The most frequent recipient cities were Traverse City, MI (3 grants).
Does Canaan Foundation Trust give general operating support?
Yes: 88% of Canaan Foundation Trust's 2024 grants with a stated purpose (7 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Canaan Foundation Trust's largest grantees?
Canaan Foundation Trust's largest 2024 grantees include Living Hope Assembly of God ($5,100), House of Prayer ($5,000) and Mission Eurasia ($3,000), according to its 2024 IRS Form 990-PF. Together they received 68% of its itemized 2024 grant dollars.
How large is Canaan Foundation Trust?
Canaan Foundation Trust reported $984K in total assets on its 2024 IRS Form 990-PF. It paid out $29K in qualifying distributions that year, against a required minimum of $53K (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 Canaan Foundation Trust's EIN?
Canaan Foundation Trust's EIN (Employer Identification Number) is 86-2393974. IRS Form 990 filing data is available on this page for 2021–2024.
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 2021–2024
Explore Open Grants
Browse active grant opportunities in Canaan Foundation Trust's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Rock Charitable Foundation
Traverse City, MI
Assets
$915K
Grants
2
Total Given
$2K
Christian Community Foundation Inc
Colorado Springs, CO
WaterStone supports domestic and international nonprofits, including Christian ministries and charitable and educational organizations, through donor-directed grants; eligible organizations must be IRS-recognized 501(c)(3)s whose mission aligns with its Statement of Faith. Its 2025 grants had a median of $20,000, with awards ranging from $5,028 to $11 million, and were concentrated in Texas and Colorado. Grant recommendations come from donor-advised fund holders; the profile does not state that it accepts unsolicited requests.
Assets
$746.4M
Grants
1,651
Total Given
$161.8M
Word & Deed Foundation of IMMI Inc
Westfield, IN
The foundation supports Christian and evangelistic work, especially efforts to spread the Gospel; in 2024, its grants ranged from $50 to $465,600, with a median of $2,000. Most funding went to Indiana organizations, with some support for recipients elsewhere, including North Carolina. It does not accept unsolicited requests and gives only to preselected charitable organizations.
Assets
$4.6M
Grants
114
Total Given
$1.2M
Word Investments Inc
Ada, MI
WORD INVESTMENTS INC funds Christian ministries and other charitable and religious organizations, including work in ministry services, technical assistance, youth programs, and health care. Its 2025 giving totaled $664,321 across 29 grants, with awards ranging from $500 to $260,843 and a median of $10,000; most funding went to Michigan, with grants also reported in several other states. It accepts requests by personal letter and does not limit giving to preselected organizations.
Assets
$4.5M
Grants
29
Total Given
$664K
Canaan Foundation
Traverse City, MI
Assets
—
Grants
5
Total Given
$12K
The Minneapolis Foundation
Minneapolis, MN
The Minneapolis Foundation funds civic, social, and economic needs, including economic mobility, education, health, the environment, arts, and human services, with most grant dollars going to Minnesota. Its 2025 grants had a median of $25,000, though amounts varied widely. It says no funding opportunities are currently open; whether it accepts unsolicited requests is not stated.
Assets
$1.2B
Grants
1,565
Total Given
$121.7M
More similar funders
More Funders in Michigan
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Canaan Foundation Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Canaan Foundation Trust down — hundreds of funders to go?