Friends of Garezers Inc is a private foundation focused on Religion Related, based in ADA, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 1 grants totaling $3.7M. Net investment income was $179K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
-62.4% YoY
Annual Giving
$3.7M
Grant Count
1
Avg Grant Size
$3.7M
Under IRS private-foundation payout rules, Friends of Garezers Inc reported a distributable amount of $153K for 2024 — the minimum it must pay out in qualifying distributions.
About Friends of Garezers Inc
Based on IRS filings
Friends of Garezers Inc is a private foundation focused on Religion Related, based in ADA, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 1 grants totaling $3.7M. Net investment income was $179K.
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 | $2,154,507 | $5,724,938 | $5,581,240 |
| Revenue | $185,259 | $169,482 | $146,132 |
| Expenses | $3,755,690 | $25,784 | $414,344 |
| Qualifying Distributions | $3,755,690 | $25,784 | $414,344 |
| Net Investment Income | $179,178 | $178,383 | $136,708 |
| Distributable Amount | $153,114 | $236,314 | $244,578 |
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 Latvian Center Garezers ($3,740,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Latvian Center Garezers Three Rivers, MI | Contruction of new Multi activity building | $3,740,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Karlis Vizulis | President | 2 | — |
| Karlis Vizulis | President | 2 | — |
| Andra Zommers | Director | 1 | — |
| Vilnis Kubulins | Director | 1 | — |
| Aleksis Vizulis | V President | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Friends of Garezers Inc?
Friends of Garezers Inc is a private foundation focused on Religion Related, based in ADA, MI. It holds $2.2M in total assets as of 2024.
How large is Friends of Garezers Inc?
As of 2024, Friends of Garezers Inc holds $2.2M in total assets with $185K in annual revenue. It awarded 1 grants totaling $3.7M in 2024.
Where does Friends of Garezers Inc operate?
Friends of Garezers Inc has awarded grants in Michigan.
What size grants does Friends of Garezers Inc award?
In 2024, Friends of Garezers Inc awarded 1 grants totaling $3.7M — an average of about $3.7M per grant, based on its IRS Form 990 filings.
How much is Friends of Garezers Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Friends of Garezers Inc reported a distributable amount of $153K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Friends of Garezers Inc's EIN?
Friends of Garezers Inc's EIN (Employer Identification Number) is 27-3875602. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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