Susan L Canole Foundation
Susan L Canole Foundation is a private foundation, 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.
Susan L Canole Foundation at a glance
In short: Susan L Canole Foundation gave $2K across 1 grant in 2025 (avg $2K), mostly in Michigan. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,531
- Grants made (2025)
- 1
- Average grant
- $1,531
- Median grant
- $1,531
- Total assets
- $818,644
- +119.8% vs 2024
- Primary geography
- Michigan (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Susan L Canole Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Kalamazoo Bee Club ($2K).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $2K (2025) to $5K (2023). In 2025 it made 1 grant totaling $2K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Kalamazoo Bee Club Portage, MI | Education | $1,531 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $818,644 | $575,507 | $129,372 | $1,531 | 1 | $1,531 | $18,690 |
| 2024 | $372,509 | $358,660 | $156,805 | — | — | — | $10,230 |
| 2023 | $170,654 | $187,190 | $47,672 | $5,000 | 1 | $38,438 | $3,788 |
| 2022 | $31,136 | $36,831 | $5,695 | $4,800 | 1 | $5,471 | $931 |
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.
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). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data update history
(2)
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
Live grants for the work Susan L Canole Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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