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.
Key facts about Cdv5 Foundation
- EIN
- 38-3035978
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $4,172,500
- Grants made (2024)
- 59
- Average grant
- $70,720
- Median grant
- $25,000
- Total assets
- $72,201,170
- Primary geography
- Michigan (92% of itemized 2024 grant dollars)
- How to apply
- Requests can be submitted at any time and are reviewed on a rolling basis. The review process generally takes three to four months from application submission to notification.
- Deadline
- Rolling
Data from IRS Form 990-PF, 2024; updated June 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Cdv5 Foundation funds
By grant dollars, the top recipient states for Cdv5 Foundation's 59 itemized 2024 grants were Michigan (92%) and Colorado (5%). The most frequent recipient cities were Grand Rapids, MI (48 grants) and Ada, MI (2 grants). 81% of grants with a stated purpose were for general or operating support. Recurring purposes include "Capital Campaign" (4 grants).
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
Under IRS private-foundation payout rules, Cdv5 Foundation reported a distributable amount of $4.1M for 2024 — the minimum it must pay out in qualifying distributions.
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
**
Ready to take the next step with Cdv5 Foundation?
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
Share of all 59 itemized 2024 grant dollars.
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
352 grants across all recorded years
Open Grants
1 open opportunity from Cdv5 Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Pine Rest Christian Mental Health Services ($925,000), Gerald R Ford Presidential Foundation ($500,000), Grand Action Foundation 20 ($500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PINE REST CHRISTIAN MENTAL HEALTH SERVICES GRAND RAPIDS, MI | CAPITAL CAMPAIGN | $925,000 |
| GERALD R FORD PRESIDENTIAL FOUNDATION GRAND RAPIDS, MI | CAPITAL CAMPAIGN | $500,000 |
| GRAND ACTION FOUNDATION 20 GRAND RAPIDS, MI | CAPITAL CAMPAIGN | $500,000 |
| CHANCE SPORTS DENVER, CO | PROJECT/PROGRAM - WEST MICHIGAN EXPANSION | $210,000 |
| HOUSING KENT GRAND RAPIDS, MI | GENERAL OPERATING | $200,000 |
| ADA CHRISTIAN SCHOOL SOCIETY ADA, MI | CAPITAL CAMPAIGN | $125,000 |
| GRAND RAPIDS PUBLIC SCHOOLS FOUNDATION GRAND RAPIDS, MI | PROJECT/PROGRAM - GR8 SPORTS, GREAT KIDS | $125,000 |
| BOYS & GIRLS CLUBS OF GRAND RAPIDS GRAND RAPIDS, MI | GENERAL OPERATING | $100,000 |
| GRAND RAPIDS OPPORTUNITIES FOR WOMEN GRAND RAPIDS, MI | PROJECT/PROGRAM - FINANCING PILOT | $100,000 |
| BREAKTHROUGH T1D SOUTHFIELD, MI | GENERAL OPERATING | $75,000 |
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
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Cdv5 Foundation fund?
**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: 1. **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. 2. **Mental Health and Wellness** — Supporting creative solutions that address problems at their source and provide access to interventions that …
How do I apply for a grant from Cdv5 Foundation?
**Grant Sizes and Activity:** • Median grant amount: $25,000 • Grant range: $7,500 to $925,000 • Recent annual giving: $3.6 million to $4.2 million • Total grants made: 59 grants in recent filings **Recent Notable Grants (2024):** • Pine Rest Christian Mental Health Services: $925,000 (Capital Campaign) • Gerald R Ford Presidential Foundation: $500,000 (Capital Campaign) • Grand Action Foundation 20: $500,000 (Capital Campaign) **Application Process:** • Requests can be submitted at any time an…
Where does Cdv5 Foundation make 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.
What size grants does Cdv5 Foundation award?
In 2024, Cdv5 Foundation awarded 59 grants totaling $4.2M — an average of about $71K per grant, based on its IRS Form 990 filings.
How much is Cdv5 Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cdv5 Foundation reported a distributable amount of $4.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cdv5 Foundation's EIN?
Cdv5 Foundation's EIN (Employer Identification Number) is 38-3035978. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Cdv5 Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.