The Boyd Foundation
The Boyd Foundation is a private foundation, based in Lowell, MI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $568K in total assets. In 2025, it awarded 4 grants totaling $40K. Net investment income was $39K.
The Boyd Foundation at a glance
In short: The Boyd Foundation gave $40K across 4 grants in 2025 (avg $10K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $40,400
- +15.4% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $10,100
- +15.4% vs 2024
- Median grant
- $5,200
- Total assets
- $568,475
- -0.4% vs 2024
- Primary geography
- Illinois (62% 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 The Boyd Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Northwestern School of Law ($25K). Together the top 4 received $40K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How The Boyd Foundation gives
- Giving fell 27% from 2022 to 2025. Method
- In 2025 it paid out 90% 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 2021 to 2025, annual grant giving ranged from $12K (2021) to $55K (2022). In 2025 it made 4 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northwestern School of Law Chicago, IL | School of Law Bluhm Clinics | $25,000 |
| First Congregational Church of Memp Memphis, TN | Food Justice Ministry | $5,200 |
| Flat River Outreach Ministries Lowell, MI | Housing Initiative | $5,200 |
| Just City Memphis, TN | General | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $568,475 | $51,114 | $53,195 | $40,400 | 4 | $40,400 | $38,743 | $45,004 |
| 2024 | $570,556 | $111,809 | $45,708 | $35,000 | 4 | $35,000 | $101,101 | $41,164 |
| 2023 | $504,455 | $36,947 | $50,161 | $40,000 | 5 | $40,000 | $26,786 | $36,956 |
| 2022 | $517,669 | $-3,690 | $66,677 | $55,000 | 5 | $55,000 | — | $41,440 |
| 2021 | $588,036 | $45,102 | $23,229 | $11,500 | 2 | $11,500 | $18,891 | $51,279 |
| 2020 | $566,163 | $84,838 | $8,864 | — | — | — | $61,047 | $36,895 |
| 2019 | $490,189 | $35,017 | $11,443 | — | — | — | $23,425 | $30,708 |
Under IRS private-foundation payout rules, The Boyd Foundation reported a distributable amount of $45K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Boyd Foundation is led by katharine b dernocoeur, President on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
katharine b dernocoeur
President
On filings since 2019
5 hrs/week
No compensation reported
lee w dines Jr.
Director
On filings since 2019
1 hr/week
No compensation reported
gregory s zick
Treasurer
On filings since 2019
1 hr/week
No compensation reported
melody dernocoeur
Vice President & Secretary
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 The Boyd Foundation
How much does The Boyd Foundation give each year?
The Boyd Foundation gave $40K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $35K across 4 grants.
What is The Boyd Foundation's typical grant size?
The Boyd Foundation's median grant in 2025 was $5,200, and its average grant was $10,100, across 4 grants on its 2025 IRS Form 990-PF.
Where does The Boyd Foundation give grants?
The Boyd Foundation gives mostly in Illinois: 62% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Tennessee (25%) and Michigan (13%). The most frequent recipient cities were Memphis, TN (2 grants).
Does The Boyd Foundation give general operating support?
Yes: 25% of The Boyd Foundation's 2025 grants with a stated purpose (1 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is The Boyd Foundation?
The Boyd Foundation reported $568K in total assets on its 2025 IRS Form 990-PF. It paid out $40K in qualifying distributions that year, against a required minimum of $45K (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.
What is The Boyd Foundation's EIN?
The Boyd Foundation's EIN (Employer Identification Number) is 38-3104434. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 17, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 1, 2026)
- IRS filings on file for fiscal years 2020–2024
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