Foundation for the Advancement of is a private foundation focused on Education, based in BLOOMFIELD HILLS, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $69K in total assets. In 2024, it awarded 1 grants totaling $1K. Net investment income was $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$69K
-0.0% YoY
Annual Giving
$1K
-20.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$1K
-20.0% YoY
Under IRS private-foundation payout rules, Foundation for the Advancement of reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
About Foundation for the Advancement of
Based on IRS filings
Foundation for the Advancement of is a private foundation focused on Education, based in BLOOMFIELD HILLS, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $69K in total assets. In 2024, it awarded 1 grants totaling $1K. Net investment income was $2K.
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 | $68,764 | $68,770 | $37,676 |
| Revenue | $2,013 | $33,300 | $32,000 |
| Expenses | $2,529 | $2,206 | $2,106 |
| Qualifying Distributions | $2,321 | $2,100 | $2,106 |
| Net Investment Income | $1,805 | $694 | — |
| Distributable Amount | $3,542 | $2,050 | $452 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Junior Achievement of Sw Mi ($1,200).
| Recipient | Purpose | Amount |
|---|---|---|
| JUNIOR ACHIEVEMENT OF SW MI DETROIT, MI | EDUCATION | $1,200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR BHANU P JENA | CHAIRMAN | — | — |
| MINAKHI JENA | VICE CHAIRMA | — | — |
| DR DANIEL A WALZ | DIRECTOR | — | — |
| DEBRA LYNN PAYNE-WALZ | DIRECTOR | — | — |
| THOMAS G KAVANAGH JR | DIRECTOR | — | — |
| SIDDHARTHA G JENA | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Foundation for the Advancement of?
Foundation for the Advancement of is a private foundation focused on Education, based in BLOOMFIELD HILLS, MI. It holds $69K in total assets as of 2024.
How large is Foundation for the Advancement of?
As of 2024, Foundation for the Advancement of holds $69K in total assets with $2K in annual revenue. It awarded 1 grants totaling $1K in 2024.
Where does Foundation for the Advancement of operate?
Foundation for the Advancement of has awarded grants in Michigan.
What size grants does Foundation for the Advancement of award?
In 2024, Foundation for the Advancement of awarded 1 grants totaling $1K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Foundation for the Advancement of required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Foundation for the Advancement of reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Foundation for the Advancement of's EIN?
Foundation for the Advancement of's EIN (Employer Identification Number) is 84-3301189. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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