The Daniel J Kobasic Foundation is a private foundation based in Escanaba, Michigan. Established in 2019, it operates as a tax-exempt charitable organization with a focus on grantmaking to support various community initiatives and educational institutions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$31.1M
+57.9% YoY
Annual Giving
$1.9M
+68.3% YoY
Grant Count
38
+72.7% YoY
Avg Grant Size
$50K
-2.6% YoY
Mission & Focus Areas
The foundation funds teacher salaries and supports a range of causes including education, human services, health-related initiatives, and community development. Documented funding areas include cancer nonprofits, digestive system health and diseases, obesity prevention, and arts organizations.
Grantmaking
The foundation demonstrates active grantmaking across multiple sectors. Recent grants include:
Grant Range
of $5,900 and an average grant size of $46,700. Total giving in recent years has ranged from approximately $1.1 million to $1.9 million annually.
Average Grant
of $46,700. Total giving in recent years has ranged from approximately $1.1 million to $1.9 million annually.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Michigan, California, and Wisconsin, with a particular emphasis on the local Escanaba area and Upper Peninsula region.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of most recent filings:
- Total assets: $19.7 million to $31.1 million (depending on filing year)
- Total annual giving: $1.1 million to $1.9 million
- Annual revenue: Approximately $727,000 (2023)
- Investment income: $725,933 (2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $31,092,200 | $19,689,986 | $19,940,720 |
| Revenue | $8,649,697 | $727,372 | $670,649 |
| Expenses | $2,409,325 | $1,182,026 | $1,136,618 |
| Qualifying Distributions | $1,945,858 | $1,596,111 | $1,423,840 |
| Net Investment Income | $2,588,353 | $936,842 | $658,441 |
| Distributable Amount | $1,941,014 | $1,670,514 | $1,596,396 |
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
120 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key leadership includes:
- Claude A Kobasic (Director)
- Krystal Kobasic (Director)
- Arthur H Evans (Director)
- Todd C Lafave (listed as contact)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KRYSTAL KOBASIC | Director | 2 | $14,930 |
| ARTHUR H EVANS | Director | 0.2 | $6,253 |
| TODD C LAFAVE | Chief Finanical Office | 1.5 | $9,033 |
| DANICA K STANCIU | Director | 2 | $23,800 |
Recent News & Activity
Recent developments and announcements
The foundation announced a matching gift program for the Shiras Planetarium, offering to match donations up to $115,000. The foundation has been actively engaged in supporting educational institutions, health organizations, and community cultural centers in the Upper Peninsula region.
Daniel J. Kobasic Foundation to match donations to Shiras Planetarium upSubject Areas
Focus areas based on grantmaking activity
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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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