Cdv5 Foundation
The CDV5 Foundation is a private foundation based in Grand Rapids, Michigan, established in 1992. The foundation is committed to supporting children, families, and communities in Greater Grand Rapids and select regions around the world by connecting them to resources needed to discover and fulfill their unique purpose in life. The foundation seeks to create a legacy of caring and stewardship through support of projects that build community and improve quality of life.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$72.2M
-1.4% YoY
Annual Giving
$4.2M
+16.1% YoY
Grant Count
59
+0.0% YoY
Avg Grant Size
$71K
+16.1% YoY
Mission & Focus Areas
Mission: To help others reach their full potential and sustain long-term health and vitality.
The foundation organizes its grantmaking around five key passion areas:
Children's Health: Emotional, Mental, and Physical Wellbeing — Supporting a future where every child in West Michigan has access to resources needed to grow healthy and strong.
Mental Health and Wellness — Supporting creative solutions that address problems at their source and provide access to interventions that help people feel better and live more fully.
Entrepreneurialism — Supporting creative opportunities to bring products and services to the marketplace, with particular emphasis on entrepreneurialism among women and youth, to increase economic stability and foster a vibrant business sector.
American Values — Supporting opportunities to increase awareness of values that can unite communities and the country.
Direct Assistance — Providing targeted and anonymous giving when small investments create unique opportunities to change the course of a life.
The foundation demonstrates a commitment to Christian charity and supports organizations that meet both spiritual and physical needs of people, strengthen family and community bonds, and bring opportunity to disadvantaged persons.
Grantmaking
Grant Range
s and Activity:**
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Greater Grand Rapids and Michigan, with select grantmaking in regions around the world. Recent grantmaking has reached organizations across multiple states including Michigan, Kansas, California, Illinois, Florida, Maryland, Minnesota, New Mexico, and Washington, D.C.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Revenue (2024):
- Total assets: $72,201,170
- Total revenues: $3,891,503
- Total expenses: $4,926,729
- Total giving: $4,172,500
Historical Asset Growth:
- Assets have grown from $33.7 million in 2011 to $72.2 million in 2024
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $72,201,170 | $73,236,396 | $74,339,327 |
| Revenue | $3,891,503 | $3,241,779 | $16,539,159 |
| Expenses | $4,926,729 | $4,344,710 | $4,663,439 |
| Qualifying Distributions | $4,380,904 | $3,742,472 | $4,362,992 |
| Net Investment Income | $2,165,958 | $2,562,160 | $16,434,452 |
| Distributable Amount | $4,087,906 | $3,829,833 | $3,599,608 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from Cdv5 Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Suzanne C. Devos — President & Director
- Robert H. Schierbeek — Chief Operating Officer, Vice President, Treasurer, Secretary, and Director
- Susan E. Valcq — Treasurer and Secretary
- Pamela Parriott — Foundation Manager
- Jason Zylstra — Foundation Manager
- Jeffrey S. Bowerman — Vice President of Tax
- Douglas L. Devos — Director
- Hannah J. Shue — Director
- Katelyn S. Renker — Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SUZANNE C DEVOS | PRESIDENT/DIRECTOR | 1 | — |
| ROBERT H SCHIERBEEK | COO/VP/DIRECTOR | 0.1 | — |
| JEFFREY S BOWERMAN | VP OF TAX | 0.1 | — |
| SUSAN E VALCQ | TREASURER/SECRETARY | 0.1 | — |
| JASON ZYLSTRA | FOUNDATION MANAGER | 4 | — |
| PAMELA PARRIOTT | FOUNDATION MANAGER | 8 | — |
| DOUGLAS L DEVOS | DIRECTOR | — | — |
| HANNAH J SHUE | DIRECTOR | — | — |
| KATELYN S RENKER | DIRECTOR | — | — |
Contact Information
- Address: 200 Monroe Avenue NW, Suite 200, Grand Rapids, MI 49503
- Phone: 616-643-4700
- Email: info@dvfoundations.org
- Website: cdv5foundation.org
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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