Canaan Foundation Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$984K
+19.8% YoY
Annual Giving
$19K
+26.2% YoY
Grant Count
8
+0.0% YoY
Avg Grant Size
$2K
+26.2% YoY
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.
About Canaan Foundation Trust
Based on IRS filings
Canaan Foundation Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $983,551 | $820,937 | $671,170 |
| Revenue | $171,290 | $153,760 | $80,293 |
| Expenses | $49,013 | $53,992 | $38,855 |
| Qualifying Distributions | $28,930 | $34,177 | $36,898 |
| Net Investment Income | $60,339 | $96,340 | $45,031 |
| Distributable Amount | $53,397 | $35,404 | $30,034 |
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
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Living Hope Assembly of God ($5,100), House of Prayer ($5,000), Mission Eurasia ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ASSEMBLIES OF GOD SPRINGFIELD, MO | GENERAL DONATION | $1,920 |
| BIG LIFE RIDGEFIELD, WA | GENERAL DONATION | $2,016 |
| LIVING HOPE ASSEMBLY OF GOD TRAVERSE CITY, MI | GENERAL DONATION | $5,100 |
| MISSION EURASIA FRANKLIN, TN | GENERAL DONATION | $3,000 |
| THE FATHERS HOUSE GLEN ROSE, TX | GENERAL DONATION | $440 |
| THE GARDEN WORSHIP CENTER BELLEVIEW, FL | GENERAL DONATION | $220 |
| TRAVERSE LIFE CENTER TRAVERSE CITY, MI | GENERAL DONATION | $1,656 |
| HOUSE OF PRAYER TRAVERSE CITY, MI | DONATION | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEITH M NIELSON | PRESIDENT | — | — |
| DANA A CROSBY | VICE PRESIDE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Canaan Foundation Trust?
Canaan Foundation Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TRAVERSE CITY, MI. It holds $984K in total assets as of 2024.
How large is Canaan Foundation Trust?
As of 2024, Canaan Foundation Trust holds $984K in total assets with $171K in annual revenue. It awarded 8 grants totaling $19K in 2024.
Where does Canaan Foundation Trust operate?
Canaan Foundation Trust has awarded grants in Florida, Illinois, Michigan, Missouri, Tennessee, Texas, Washington.
What size grants does Canaan Foundation Trust award?
In 2024, Canaan Foundation Trust awarded 8 grants totaling $19K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Canaan Foundation Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Canaan Foundation Trust reported a distributable amount of $53K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Canaan Foundation Trust'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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