Susan L Canole Foundation
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
Share of all 1 itemized 2025 grant dollars.
Cities
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 2025
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| KALAMAZOO BEE CLUB Portage, MI | EDUCATION | $1,531 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 9, 2026)
- 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.
Here's the math on researching Susan L Canole Foundation by hand.
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