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.
Key facts about Richard Baidas Memorial Scholarship
- EIN
- 20-5027803
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $150,279
- Grants made (2024)
- 29
- Average grant
- $5,182
- Median grant
- $5,000
- New grantees (estimate)
- 28% first-time grantees (8 of 29, 2024)
- Total assets
- $1,990,329
- Primary geography
- Michigan (51% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Richard Baidas Memorial Scholarship funds
By grant dollars, the top recipient states for Richard Baidas Memorial Scholarship's 29 itemized 2024 grants were Michigan (51%), Ohio (13%) and Utah (11%). The most frequent recipient cities were Grand Rapids, MI (2 grants). None of its 29 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship" (29 grants).
Is Richard Baidas Memorial Scholarship open to new grantees?
28%
first-time grantees, 2024
In 2024, 8 of 29 grantees (28%) were first-time recipients. First grants averaged $4K; repeat grants $6K. How we count
Medians: $4K first-time, $5K repeat.
- 62% of 2024 grantees were also funded in 2023. Method
- Giving grew 113% from 2021 to 2024. Method
- In 2024 it paid out 125% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Richard Baidas Memorial Scholarship
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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
Share of all 29 itemized 2024 grant dollars.
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 |
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 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 recipients include Grand Valley State University ($17,500), Michigan State University ($12,500), University of Alabama ($12,500).
| Recipient | Purpose | Amount |
|---|---|---|
| GRAND VALLEY STATE UNIVERSITY Allendale, MI | SCHOLARSHIP | $17,500 |
| MICHIGAN STATE UNIVERSITY East Lansing, MI | SCHOLARSHIP | $12,500 |
| UNIVERSITY OF ALABAMA Tuscaloosa, AL | SCHOLARSHIP | $12,500 |
| INDIANA UNIVERSITY Bloomington, IN | SCHOLARSHIP | $10,000 |
| CALVIN UNIVERSITY Grand Rapids, MI | SCHOLARSHIP | $5,000 |
| CLEVELAND STATE UNIVERSITY Cleveland, OH | SCHOLARSHIP | $5,000 |
| FERRIS STATE UNIVERSITY Big Rapids, MI | SCHOLARSHIP | $5,000 |
| GRACE CHRISTIAN UNIVERSITY Grand Rapids, MI | SCHOLARSHIP | $5,000 |
| KENT STATE UNIVERSITY Kent, OH | SCHOLARSHIP | $5,000 |
| MIAMI UNIVERSITY Oxford, OH | SCHOLARSHIP | $5,000 |
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 |
|---|---|---|---|
| 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.