Foundation for the Advancement of
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 grant totaling $1K. Net investment income was $2K.
Key facts about Foundation for the Advancement of
- EIN
- 84-3301189
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,200
- Grants made (2024)
- 1
- Average grant
- $1,200
- Median grant
- $1,200
- Total assets
- $68,764
- Primary geography
- Michigan (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How Foundation for the Advancement of gives
- Giving fell 20% from 2021 to 2024. Method
- In 2024 it paid out 66% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Foundation for the Advancement of
- How to evaluate Foundation for the Advancement of as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Foundation for the Advancement of with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
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 grant totaling $1K. Net investment income was $2K.
Focus Areas
Ready to take the next step with Foundation for the Advancement of?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients 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
No officer or director reported compensation in the available filings.
From 2024 IRS 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 grant 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 grant 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
Browse active grant opportunities in Foundation for the Advancement of's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The F&V Foundation
Grand Rapids, MI
Assets
—
Grants
7
Total Given
$41K
The Walters Family Foundation
Milford, MI
Assets
—
Grants
22
Total Given
$1.2M
Detroit Children's Fund
Detroit, MI
Assets
$6.4M
Grants
4
Total Given
$3.8M
Social Physical and Academic Resources for Kids
Davison, MI
Assets
$558K
Grants
38
Total Given
$711K
Consumers Energy Foundation
Jackson, MI
Assets
$67.1M
Grants
296
Total Given
$7.5M
WK Kellogg Foundation
Battle Creek, MI
Assets
$454.4M
Grants
1,778
Total Given
$286.5M
United Way for Southeastern Michigan
Detroit, MI
Assets
$88.9M
Grants
397
Total Given
$52.6M
For Inspiration and Recognition of
Manchester, NH
Assets
$73.0M
Grants
482
Total Given
$13.0M
Herrick Foundation
Ann Arbor, MI
Assets
—
Grants
53
Total Given
$7.5M
Equitrans Midstream Foundation
Canonsburg, PA
Assets
$12.9M
Grants
143
Total Given
$1.3M
The Robert D and Patricia E Kern
Waukesha, WI
Assets
—
Grants
108
Total Given
$66.5M
Deroy Testamentary Foundation
Southfield, MI
Assets
$24.8M
Grants
18
Total Given
$16.4M
More Funders in Michigan
Data last updated September 2026. Sourced from IRS Form 990-PF filings.