Susan L Canole Foundation

Foundation · Grantmaker Westlake, TX EIN: 87-3219334

Susan L Canole Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Westlake, TX. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $819K in total assets. In 2025, it awarded 1 grant totaling $2K.

Key facts about Susan L Canole Foundation

In short: Susan L Canole Foundation gave $2K across 1 grant in 2025 (avg $2K), mostly in Michigan. Source: 2025 IRS Form 990-PF.

EIN
87-3219334
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$1,531
Grants made (2025)
1
Average grant
$1,531
Median grant
$1,531
Total assets
$818,644
Primary geography
Michigan (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$819K

+119.8% YoY

Annual Giving

$2K

Grant Count

1

Avg Grant Size

$2K

Under IRS private-foundation payout rules, Susan L Canole Foundation reported a distributable amount of $19K for 2025 — the minimum it must pay out in qualifying distributions.

How Susan L Canole Foundation gives

  • Giving fell 68% from 2022 to 2025. Method
  • In 2025 it paid out 8% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of all 1 itemized 2025 grant dollars.

Cities

DallasPortage

Giving Over Time

Total grant dollars and number of grants per year

$0$2K$4K$6K1 grants20221 grants20230 grants20241 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

Kalamazoo Bee Club: $2KKalamazoo Bee Club$2K

Grant Size Distribution

3 grants across all recorded years

3<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
KALAMAZOO BEE CLUB Portage, MIEDUCATION$1,531

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K2022202320242025
Metric202520242023
Total Assets$818,644$372,509$170,654
Revenue$575,507$358,660$187,190
Expenses$129,372$156,805$47,672
Qualifying Distributions$1,531—$38,438
Net Investment Income———
Distributable Amount$18,690$10,230$3,788

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS July 9, 2026)
  2. IRS filings on file for fiscal years 2022–2024

Leadership & Key People

Officers and directors from IRS filings

Susan L Canole Foundation is led by Ray Canole, President on every filing since 2022; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Ray Canole

    President

    On filings since 2022

    No compensation reported

  • Kelly McBride-Hawkinson

    Secretary

    On filings since 2022

    No compensation reported

  • Nick Billardello

    Treasurer

    On filings since 2022

    No compensation reported

Data from IRS Form 990 filings, 2022–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Susan L Canole Foundation

How much does Susan L Canole Foundation give each year?

Susan L Canole Foundation gave $2K across 1 grant in 2025, according to its 2025 IRS Form 990-PF.

How large is Susan L Canole Foundation?

Susan L Canole Foundation reported $819K in total assets on its 2025 IRS Form 990-PF. It paid out $2K in qualifying distributions that year, against a required minimum of $19K (roughly 5% of its investment assets).

What is Susan L Canole Foundation?

Susan L Canole Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Westlake, TX. It holds $819K in total assets as of 2025.

Where does Susan L Canole Foundation operate?

Susan L Canole Foundation has awarded grants in Michigan, Texas.

What is Susan L Canole Foundation's EIN?

Susan L Canole Foundation's EIN (Employer Identification Number) is 87-3219334. IRS Form 990 filing data is available on this page for 2022–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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