The Budres Foundation
The Budres Foundation is a private foundation, based in GRAND RAPIDS, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $504K in total assets. In 2024, it awarded 2 grants totaling $23K. Net investment income was $17K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$504K
-4.1% YoY
Annual Giving
$23K
-8.0% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$12K
+38.0% YoY
Under IRS private-foundation payout rules, The Budres Foundation reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
About The Budres Foundation
Based on IRS filings
The Budres Foundation is a private foundation, based in GRAND RAPIDS, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $504K in total assets. In 2024, it awarded 2 grants totaling $23K. Net investment income was $17K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $504,078 | $525,835 | $556,968 |
| Revenue | $22,276 | $12,945 | $19,006 |
| Expenses | $43,897 | $43,954 | $77,094 |
| Qualifying Distributions | $38,625 | $39,137 | $69,655 |
| Net Investment Income | $17,004 | $8,128 | $12,296 |
| Distributable Amount | $28,768 | $27,262 | $31,853 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Grand Rapids Community College ($13,000), Mich State Univ - Dept of Forestry ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MICH STATE UNIV - DEPT OF FORESTRY LANSING, MI | EDUCATIONAL & FORESTRY | $10,000 |
| GRAND RAPIDS COMMUNITY COLLEGE GRAND RAPIDS, MI | EDUCATIONAL | $13,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DIANE LYNN BUDRES | PRESIDENT | — | — |
| MICHAEL J TAYLOR | VICE PRESIDE | — | — |
| LORI J BAKER | TREASURER | — | — |
| RAJ A MALVIYA | SECRETARY | — | — |
Frequently Asked Questions
How large is The Budres Foundation?
As of 2024, The Budres Foundation holds $504K in total assets with $22K in annual revenue. It awarded 2 grants totaling $23K in 2024.
Where does The Budres Foundation operate?
The Budres Foundation has awarded grants in Michigan.
What size grants does The Budres Foundation award?
In 2024, The Budres Foundation awarded 2 grants totaling $23K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is The Budres Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Budres Foundation reported a distributable amount of $29K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Budres Foundation's EIN?
The Budres Foundation's EIN (Employer Identification Number) is 38-2966979. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Budres 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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