Richard Baidas Memorial Scholarship
Richard Baidas Memorial Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILFORD, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 29 grants totaling $150K. Net investment income was $44K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
+15.1% YoY
Annual Giving
$150K
+67.0% YoY
Grant Count
29
+26.1% YoY
Avg Grant Size
$5K
+32.4% YoY
Under IRS private-foundation payout rules, Richard Baidas Memorial Scholarship reported a distributable amount of $124K for 2024 — the minimum it must pay out in qualifying distributions.
About Richard Baidas Memorial Scholarship
Based on IRS filings
Richard Baidas Memorial Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILFORD, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 29 grants totaling $150K. Net investment income was $44K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,990,329 | $1,729,109 | $1,410,756 |
| Revenue | $484,486 | $479,719 | $386,619 |
| Expenses | $223,266 | $161,369 | $198,919 |
| Qualifying Distributions | $154,787 | $93,106 | $138,326 |
| Net Investment Income | $43,608 | $54,932 | $43,626 |
| Distributable Amount | $123,581 | $100,464 | $92,999 |
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
119 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Grand Valley State University ($17,500), Michigan State University ($12,500), University of Alabama ($12,500).
| Recipient | Purpose | Amount |
|---|---|---|
| BOISE STATE UNIVERSITY BOISE, ID | SCHOLARSHIP | $2,500 |
| CALVIN UNIVERSITY GRAND RAPIDS, MI | SCHOLARSHIP | $5,000 |
| CENTRAL MICHIGAN UNIV MOUNT PLEASANT, MI | SCHOLARSHIP | $2,500 |
| CLEARY UNIVERSITY HOWELL, MI | SCHOLARSHIP | $3,000 |
| CLEVELAND STATE UNIVERSITY CLEVELAND, OH | SCHOLARSHIP | $5,000 |
| FERRIS STATE UNIVERSITY BIG RAPIDS, MI | SCHOLARSHIP | $5,000 |
| FLORIDA STATE COLLEGE JACKSONVILLE, FL | SCHOLARSHIP | $2,288 |
| FLORIDA STATE UNIVERSITY TALLAHASSEE, FL | SCHOLARSHIP | $1,491 |
| GRACE CHRISTIAN UNIVERSITY GRAND RAPIDS, MI | SCHOLARSHIP | $5,000 |
| GRAND VALLEY STATE UNIVERSITY ALLENDALE, MI | SCHOLARSHIP | $17,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RUTH BAIDAS | DIRECTOR | — | — |
| LOREN BAIDAS | DIRECTOR | — | — |
| LANISE STUFFT | DIRECTOR | — | — |
| AUSTIN BAIDAS | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Richard Baidas Memorial Scholarship?
Richard Baidas Memorial Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILFORD, MI. It holds $2.0M in total assets as of 2024.
How large is Richard Baidas Memorial Scholarship?
As of 2024, Richard Baidas Memorial Scholarship holds $2.0M in total assets with $484K in annual revenue. It awarded 29 grants totaling $150K in 2024.
Where does Richard Baidas Memorial Scholarship operate?
Richard Baidas Memorial Scholarship has awarded grants in Alabama, Florida, Idaho, Illinois, Indiana, Louisiana, Michigan, Missouri, Ohio, Utah.
What size grants does Richard Baidas Memorial Scholarship award?
In 2024, Richard Baidas Memorial Scholarship awarded 29 grants totaling $150K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Richard Baidas Memorial Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard Baidas Memorial Scholarship reported a distributable amount of $124K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Richard Baidas Memorial Scholarship's EIN?
Richard Baidas Memorial Scholarship's EIN (Employer Identification Number) is 20-5027803. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Richard Baidas Memorial Scholarship'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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