CDV5 Foundation
CDV5 Foundation is a private foundation based in Grand Rapids, Michigan. It supports children, families, and communities in Greater Grand Rapids and select regions around the world, with stated interests that include children’s health, mental health and wellness, entrepreneurialism, American values, and direct assistance.
CDV5 Foundation at a glance
In short: CDV5 Foundation gave $4.2M across 59 grants in 2024 (avg $71K), mostly in Michigan. 17% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $4,172,500
- +16.1% vs 2023
- Grants made (2024)
- 59
- +0.0% vs 2023
- Average grant
- $70,720
- +16.1% vs 2023
- Median grant
- $25,000
- Total assets
- $72,201,170
- -1.4% vs 2023
- New grantees (estimate)
- 17% first-time grantees (10 of 59, 2024)
- Primary geography
- Michigan (92% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to CDV5 Foundation
- How to Apply
-
Eligible organizations apply through the foundation’s online Grant Application Portal. The 2024 filing directs applicants to the foundation’s website for application details and funding priorities and lists no deadline.
- Contact
Application contact: Suzanne C Devos
Mailing address: 200 Monroe Avenue Nw, Grand Rapids, MI 49503
Phone: (616) 643-4700
Website: https://cdv5foundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from CDV5 Foundation
Who CDV5 Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Pine Rest Christian Mental Health Services ($925K). Together the top 10 received $2.9M.
Grant Size Distribution
352 grants across all recorded years
The most common grant size was under $50K: 214 grants of 352 (61%).
Geographic Focus
Where this funder awards grants
The foundation says it supports Greater Grand Rapids and select regions around the world. Its 2024 grants went primarily to Michigan recipients: 92% of grant dollars were awarded in Michigan, with 5% in Colorado and 2% in New Mexico. The filing also lists shares rounded to 0% for recipients in Washington, D.C., and Illinois.
Grant Distribution by State
Share of 2024 grant dollars across all 59 itemized grants.
States
Cities
Is CDV5 Foundation open to new grantees?
17%
first-time grantees, 2024
In 2024, 10 of 59 grantees (17%) were first-time recipients. First grants averaged $185K; repeat grants $48K. How we count
Medians: $33K first-time, $25K repeat.
- 68% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−18%). Method
- In 2024 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $3.6M (2023) to $7.5M (2020). In 2024 it made 59 grants totaling $4.2M.
Grants by year
Grant recipients and amounts by year
| 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 |
Ready to take the next step with CDV5 Foundation?
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 | $72,201,170 | $3,891,503 | $4,926,729 | $4,172,500 | 59 | $4,380,904 | $2,165,958 | $4,087,906 |
| 2023 | $73,236,396 | $3,241,779 | $4,344,710 | $3,592,500 | 59 | $3,742,472 | $2,562,160 | $3,829,833 |
| 2022 | $74,339,327 | $16,539,159 | $4,663,439 | $4,247,500 | 70 | $4,362,992 | $16,434,452 | $3,599,608 |
| 2021 | $62,463,632 | $3,844,833 | $5,677,838 | $5,100,000 | 82 | $5,412,474 | $2,210,686 | $3,783,407 |
| 2020 | $64,546,612 | $10,252,360 | $7,998,613 | $7,463,020 | 82 | — | $5,954,656 | $3,206,140 |
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.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation identifies five passion areas: children’s emotional, mental, and physical health; mental health and wellness; entrepreneurialism, especially among women and youth; American values; and direct assistance.
Its 2024 grants included organizations working in several fields. Pine Rest Christian Mental Health Services says its mission is to provide behavioral health services with professional excellence, Christian integrity, and compassion. Grand Action Foundation 20 says it promotes Grand Rapids’ economic and cultural development, while the Gerald R. Ford Presidential Foundation says it promotes awareness of President Ford’s life, values, and legacy. Chance Sports says it helps young athletes access competitive club sports and develop leadership and team-building skills. Housing Kent says it works to reduce disparities and inequities in housing opportunities for ethnic and racial minorities. Grand Rapids Opportunities says it aims to support small-business ownership as a pathway to wealth creation.
Grantmaking
In 2024, the foundation reported 59 grants totaling $4,172,500. Grants ranged from $7,500 to $925,000, with a median of $25,000. Among the largest were $925,000 to Pine Rest Christian Mental Health Services for a capital campaign; $500,000 each to the Gerald R. Ford Presidential Foundation and Grand Action Foundation 20 for capital campaigns; $210,000 to Chance Sports for a West Michigan expansion project; and $200,000 to Housing Kent for general operating support.
The foundation’s FAQs say requests may be submitted at any time and are reviewed on a rolling basis, with notification generally three or four months after submission. Its grant-program description says applications are reviewed quarterly. Applicants apply through the online grant portal. The foundation encourages organizations to consider their budgets, other donor support, relationship with the foundation and trustees, and grant history when determining a request amount. Coalitions may apply with a fiscal sponsor that serves in a policy-setting role and handles fiscal management and reporting. The foundation says it does not make pass-through grants unless the organizations have a formal relationship that meets IRS-approved guidelines.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Suzanne C. DeVos as president and director; Robert H. Schierbeek as COO, vice president, and director; Jeffrey S. Bowerman as vice president of tax; and Susan E. Valcq as treasurer and secretary. Jason Zylstra and Pamela Parriott are listed as foundation managers. Douglas L. DeVos, Hannah J. Shue, and Katelyn S. Renker are listed as directors.
CDV5 Foundation is led by Suzanne C. Devos, President & Director on every filing since 2020; none of the 9 officers listed in 2024 report compensation.
Officers on the 2024 filing
Suzanne C. Devos
President & Director
On filings since 2020
1 hr/week
No compensation reported
Douglas L. Devos
Director
On filings since 2020
No compensation reported
Hannah J. Shue
Director
On filings since 2020
No compensation reported
Robert H. Schierbeek
COO, Vice President & Director
Vice President, COO, Treasurer, Secretary & Director → COO, Vice President & Director, 2021
On filings since 2020
0.1 hrs/week
No compensation reported
Katelyn S. Renker
Director
On filings since 2022
No compensation reported
Jeffrey S. Bowerman
Vice President of Tax
Vice President of Tax & Assistant Secretary → Vice President of Tax, 2021
On filings since 2020
0.1 hrs/week
No compensation reported
Susan E. Valcq
Treasurer & Secretary
On filings since 2021
0.1 hrs/week
No compensation reported
Jason Zylstra
Foundation Manager
On filings since 2022
4 hrs/week
No compensation reported
Pamela Parriott
Foundation Manager
On filings since 2022
8 hrs/week
No compensation reported
Former officers (3)
- Former: Nicholas J. Thole (2022–2023) — Vice President
- Former: Katelyn S. Vanderweide (2020–2021) — Director
- Former: Jerry L. Tubergen (2020) — Executive Vice President & Director
Data from IRS Form 990 filings, 2020–2024. "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 CDV5 Foundation
How much does CDV5 Foundation give each year?
CDV5 Foundation gave $4.2M across 59 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.6M across 59 grants.
What is CDV5 Foundation's typical grant size?
CDV5 Foundation's median grant in 2024 was $25,000, and its average grant was $70,720, across 59 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from CDV5 Foundation that year got $185K on average.
Where does CDV5 Foundation give grants?
CDV5 Foundation gives mostly in Michigan: 92% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Colorado (5%). The most frequent recipient cities were Grand Rapids, MI (48 grants) and Ada, MI (2 grants).
Does CDV5 Foundation give general operating support?
Yes: 81% of CDV5 Foundation's 2024 grants with a stated purpose (48 of 59) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Capital Campaign" (4 grants).
Who are CDV5 Foundation's largest grantees?
CDV5 Foundation's largest 2024 grantees include Pine Rest Christian Mental Health Services ($925,000), Gerald R Ford Presidential Foundation ($500,000) and Grand Action Foundation 20 ($500,000), according to its 2024 IRS Form 990-PF. Together they received 46% of its itemized 2024 grant dollars.
How large is CDV5 Foundation?
CDV5 Foundation reported $72.2M in total assets on its 2024 IRS Form 990-PF. It paid out $4.4M in qualifying distributions that year, against a required minimum of $4.1M (roughly 5% of its investment assets).
What does CDV5 Foundation fund?
The foundation identifies five passion areas: children’s emotional, mental, and physical health; mental health and wellness; entrepreneurialism, especially among women and youth; American values; and direct assistance. See mission & focus areas ↑
How do I apply for a grant from CDV5 Foundation?
Eligible organizations apply through the foundation’s online Grant Application Portal. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in CDV5 Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Douglas & Maria Devos Foundation
Grand Rapids, MI
The foundation supports faith-community collaboration, community development and poverty reduction, education, mental health, the arts, and minority-owned businesses. In 2024, it made 93 grants ranging from $500 to $1,325,000, with a median of $30,000; most grant dollars went to Michigan, with additional support in several other states. It accepts a letter of request, and the filing states there are no restrictions on awards or preselected organizations.
Assets
$62.6M
Grants
93
Total Given
$10.5M
Dick and Betsy Devos Family Foundation
Grand Rapids, MI
The foundation supports leadership and nonprofit capacity building, family well-being in West Michigan, and education freedom, with grants also spanning community development, arts, education, trails, and public policy. In 2024, grants ranged from $500 to $1 million, with a median of $20,000; giving is focused on West Michigan, though it also funds organizations elsewhere. It accepts applications through an online portal on a rolling basis.
Assets
$47.6M
Grants
91
Total Given
$7.1M
Daniel & Pamella Devos Foundation
Grand Rapids, MI
The Daniel & Pamella DeVos Foundation funds arts and culture, education, and community well-being, primarily in the greater Grand Rapids area, with most grant dollars going to Michigan. Grants vary widely: in 2024 they ranged from $500 to $4 million, with a median of $32,500. It accepts unsolicited applications through its online portal at any time.
Assets
$8.8M
Grants
81
Total Given
$11.5M
The Meijer Foundation
Grand Rapids, MI
The Meijer Foundation supports hunger relief, health and wellness, disaster relief, environmental stewardship, and youth development, with a stated focus on communities across Meijer’s six-state footprint. Recent giving ranged from $1.6 million across 28 grants in 2024 to $12 million across 92 grants in 2023; a typical grant size is not established. It does not accept unsolicited requests and gives only to preselected charitable organizations.
Assets
—
Grants
28
Total Given
$1.6M
Corewell Health Group Return
Grand Rapids, MI
Corewell Health funds community health and wellness, including nutritious food, safe housing, mental health care, and access to care for underserved populations, as well as aligned community sponsorships. Its 2024 reported grants had a median of $20,000; listed programs offer awards from up to $20,000 to $150,000, primarily in Southwest Michigan and Kent County. The profile does not state whether it accepts unsolicited requests.
Assets
$6.8B
Grants
3
Total Given
$172K
Grand Rapids Community Foundation
Grand Rapids, MI
Grand Rapids Community Foundation funds nonprofits and eligible public or fiduciary-sponsored organizations working in education, health, neighborhoods, arts and culture, economic prosperity, and the environment, with an emphasis on equity and reducing barriers. Its 2025 grants ranged from $5,065 to $2.36 million, with a median of $23,000, and primarily serve Kent County and West Michigan; eligible applicants can submit an online pre-application for projects fitting its priorities.
Assets
$483.6M
Grants
377
Total Given
$22.0M
More similar funders
More Funders in Michigan
Cite this profile
Grantable. (2026). CDV5 Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/cdv5-foundation-morg_3f063305b15745cf8ad684b4c72c4e54
BibTeX
@misc{grantable_383035978_2026,
author = {{Grantable}},
title = {{CDV5 Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/cdv5-foundation-morg_3f063305b15745cf8ad684b4c72c4e54},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from CDV5 Foundation'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.
CDV5 Foundation down — hundreds of funders to go?