The Boyd Foundation
The Boyd Foundation is a private foundation, based in LOWELL, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $571K in total assets. In 2024, it awarded 4 grants totaling $35K. Net investment income was $101K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$571K
+13.1% YoY
Annual Giving
$35K
-12.5% YoY
Grant Count
4
-20.0% YoY
Avg Grant Size
$9K
+9.4% YoY
Under IRS private-foundation payout rules, The Boyd Foundation reported a distributable amount of $41K for 2024 — the minimum it must pay out in qualifying distributions.
About The Boyd Foundation
Based on IRS filings
The Boyd Foundation is a private foundation, based in LOWELL, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $571K in total assets. In 2024, it awarded 4 grants totaling $35K. Net investment income was $101K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $570,556 | $504,455 | $517,669 |
| Revenue | $111,809 | $36,947 | $-3,690 |
| Expenses | $45,708 | $50,161 | $66,677 |
| Qualifying Distributions | $35,000 | $40,000 | $55,000 |
| Net Investment Income | $101,101 | $26,786 | — |
| Distributable Amount | $41,164 | $36,956 | $41,440 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Northwestern School of Law ($20,000), Just City ($5,000), First Congregational Church of Memp ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NORTHWESTERN SCHOOL OF LAW CHICAGO, IL | SCHOOL OF LAW BLUHM | $20,000 |
| JUST CITY MEMPHIS, TN | GENERAL | $5,000 |
| FIRST CONGREGATIONAL CHURCH OF MEMP MEMPHIS, TN | GENERAL | $5,000 |
| WEST MICHIGAN ENVIRONMENT ACTION CO GRAND RAPIDS, MI | General | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| katharine b dernocoeur | President | 5 | — |
| lee w dines jr | Director | 1 | — |
| gregory s zick | Treasurer | 1 | — |
| melody dernocoeur | VP & Secretary | 1 | — |
Frequently Asked Questions
How large is The Boyd Foundation?
As of 2024, The Boyd Foundation holds $571K in total assets with $112K in annual revenue. It awarded 4 grants totaling $35K in 2024.
Where does The Boyd Foundation operate?
The Boyd Foundation has awarded grants in Illinois, Michigan, Tennessee.
What size grants does The Boyd Foundation award?
In 2024, The Boyd Foundation awarded 4 grants totaling $35K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is The Boyd Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Boyd Foundation reported a distributable amount of $41K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Boyd 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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