Elwood and Carol Simon Family Foundation
Elwood and Carol Simon Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BINGHAM FARMS, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $432K in total assets. In 2024, it awarded 32 grants totaling $91K. Net investment income was $94K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$432K
+0.9% YoY
Annual Giving
$91K
-7.8% YoY
Grant Count
32
-3.0% YoY
Avg Grant Size
$3K
-5.0% YoY
Under IRS private-foundation payout rules, Elwood and Carol Simon Family Foundation reported a distributable amount of $26K for 2024 — the minimum it must pay out in qualifying distributions.
About Elwood and Carol Simon Family Foundation
Based on IRS filings
Elwood and Carol Simon Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BINGHAM FARMS, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $432K in total assets. In 2024, it awarded 32 grants totaling $91K. Net investment income was $94K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $432,311 | $428,379 | $545,084 |
| Revenue | $102,017 | $-5,511 | $-13,427 |
| Expenses | $102,697 | $111,194 | $81,400 |
| Qualifying Distributions | $91,000 | $98,750 | $80,000 |
| Net Investment Income | $94,120 | $13,341 | $16,813 |
| Distributable Amount | $25,830 | $29,493 | $31,498 |
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
156 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Society for Technion ($24,000), Fidf Michigan Chapter ($15,000), Hebrew Free Loan Association ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN SOCIETY FOR TECHNION BLOOMFIELD HILLS, MI | TO SUPPORT EDUCATION | $24,000 |
| CAMP MAK - A - DREAM ROYAL OAK, MI | TO SUPPORT A COST FREE CAMP FOR CHILDREN AND YOUNG ADULTS | $1,000 |
| CANCER THRIVERS NETWORK FOR JEWISH WOMEN W BLOOMFIELD, MI | TO SUPPORT WOMEN WITH CANCER | $500 |
| CHALDEAN COMMUNITY FOUNDATION STERLING HEIGHTS, MI | TO SUPPORT FAMILIES IN NEED IN THE COMMUNITY | $1,500 |
| COTS DETROIT, MI | TO SUPPORT FAMILIES IN NEED OF SHELTER/FOOD | $750 |
| FIDF MICHIGAN CHAPTER WALLED LAKE, MI | TO SUPPORT ISRAEL DEFENSE FORCES | $15,000 |
| GESHER HUMAN SERVICES SOUTHFIELD, MI | TO PROVIDE COMMUNITY VOCATIONAL SERVICES AND ADULT DISABILITY SERVICES | $1,250 |
| GILDA'S CLUB METRO DETROIT ROYAL OAK, MI | TO SUPPORT THE COMMUNITY FOR VICTIMS OF CANCER | $500 |
| HEBREW FREE LOAN ASSOCIATION BLOOMFIELD HILLS, MI | TO SUPPORT FAMILIES IN NEED OF FINANCIAL ASSISTANCE | $8,000 |
| HOLOCAUST MEMORIAL CENTER FARMINGTON HILLS, MI | TO SUPPORT EDUCATION ON THE HOLOCAUST | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ELWOOD SIMON | PRESIDENT | 5 | — |
| CAROL SIMON | VICE PRESIDENT | 1 | — |
| EVAN SIMON | TREASURER | 1 | — |
| MEREDITH SIMON WEIL | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Elwood and Carol Simon Family Foundation?
Elwood and Carol Simon Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BINGHAM FARMS, MI. It holds $432K in total assets as of 2024.
How large is Elwood and Carol Simon Family Foundation?
As of 2024, Elwood and Carol Simon Family Foundation holds $432K in total assets with $102K in annual revenue. It awarded 32 grants totaling $91K in 2024.
Where does Elwood and Carol Simon Family Foundation operate?
Elwood and Carol Simon Family Foundation has awarded grants in Arizona, California, Colorado, District of Columbia, Illinois, Massachusetts, Michigan, North Carolina, New York, Pennsylvania, Tennessee, Texas, Virginia, West Virginia.
What size grants does Elwood and Carol Simon Family Foundation award?
In 2024, Elwood and Carol Simon Family Foundation awarded 32 grants totaling $91K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Elwood and Carol Simon Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Elwood and Carol Simon Family Foundation reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Elwood and Carol Simon Family Foundation's EIN?
Elwood and Carol Simon Family Foundation's EIN (Employer Identification Number) is 20-3934918. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Elwood and Carol Simon Family Foundation'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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