Saranac Education Foundation is a private foundation focused on Education, based in SARANAC, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 1 grants totaling $115K. Net investment income was $238K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+7.8% YoY
Annual Giving
$115K
+0.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$115K
+0.0% YoY
Under IRS private-foundation payout rules, Saranac Education Foundation reported a distributable amount of $133K for 2024 — the minimum it must pay out in qualifying distributions.
About Saranac Education Foundation
Based on IRS filings
Saranac Education Foundation is a private foundation focused on Education, based in SARANAC, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 1 grants totaling $115K. Net investment income was $238K.
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 | $1,647,278 | $1,528,023 | $1,540,147 |
| Revenue | $239,020 | $109,537 | $131,868 |
| Expenses | $119,765 | $121,661 | $120,124 |
| Qualifying Distributions | $117,665 | $117,603 | $117,571 |
| Net Investment Income | $237,970 | $108,499 | $130,855 |
| Distributable Amount | $133,377 | $115,303 | $114,617 |
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
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Saranac Community Schools ($115,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SARANAC COMMUNITY SCHOOLS SARANAC, MI | TUTORING GRANT | $115,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ED BROWN | PRESIDENT/TR | 2 | — |
| STEPHANIE SMITH | VICE PRESIDE | 2 | — |
| SANDRA BROWN | DIRECTOR | 2 | — |
| BRUCE CHADWICK | SECRETARY | 2 | — |
| JAMES BROWN | DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Saranac Education Foundation?
Saranac Education Foundation is a private foundation focused on Education, based in SARANAC, MI. It holds $1.6M in total assets as of 2024.
How large is Saranac Education Foundation?
As of 2024, Saranac Education Foundation holds $1.6M in total assets with $239K in annual revenue. It awarded 1 grants totaling $115K in 2024.
Where does Saranac Education Foundation operate?
Saranac Education Foundation has awarded grants in Michigan.
What size grants does Saranac Education Foundation award?
In 2024, Saranac Education Foundation awarded 1 grants totaling $115K — an average of about $115K per grant, based on its IRS Form 990 filings.
How much is Saranac Education Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Saranac Education Foundation reported a distributable amount of $133K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Saranac Education Foundation's EIN?
Saranac Education Foundation's EIN (Employer Identification Number) is 38-3076816. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in Saranac Education Foundation'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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