The Budres Foundation
The Budres Foundation is a private foundation, based in Grand Rapids, MI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $503K in total assets. In 2025, it awarded 2 grants totaling $25K. Net investment income was $39K.
The Budres Foundation at a glance
In short: The Budres Foundation gave $25K across 2 grants in 2025 (avg $13K), mostly in Michigan. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $25,000
- +8.7% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $12,500
- +8.7% vs 2024
- Median grant
- $12,500
- Total assets
- $502,503
- -0.3% 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 November 2026.
Who The Budres Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Grand Rapids Community College ($15K). Together the top 2 received $25K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 13 grants of 13 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How The Budres Foundation gives
- Giving fell 50% from 2022 to 2025. Method
- In 2025 it paid out 137% of its IRS minimum distribution (the 5% rule). 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 2019 to 2025, annual grant giving ranged from $23K (2024) to $65K (2020). In 2025 it made 2 grants totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Grand Rapids Community College Grand Rapids, MI | Educational | $15,000 |
| Mich State Univ - Dept of Forestry Lansing, MI | Educational & Forestry | $10,000 |
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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 | $502,503 | $44,251 | $46,167 | $25,000 | 2 | $40,646 | $38,730 | $29,597 |
| 2024 | $504,078 | $22,276 | $43,897 | $23,000 | 2 | $38,625 | $17,004 | $28,768 |
| 2023 | $525,835 | $12,945 | $43,954 | $25,000 | 3 | $39,137 | $8,128 | $27,262 |
| 2022 | $556,968 | $19,006 | $77,094 | $50,000 | 3 | $69,655 | $12,296 | $31,853 |
| 2021 | $614,697 | $47,199 | $67,754 | $50,000 | 3 | — | $42,638 | $36,295 |
| 2020 | $635,342 | $27,208 | $87,172 | $65,000 | 3 | — | $21,602 | $33,680 |
| 2019 | $694,945 | $72,890 | $55,873 | $35,000 | 2 | — | $67,490 | $34,263 |
Under IRS private-foundation payout rules, The Budres Foundation reported a distributable amount of $30K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Budres Foundation is led by Diane Lynn Budres, President on every filing since 2022; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Diane Lynn Budres
President
On filings since 2022
No compensation reported
Lori J. Baker
Treasurer
On filings since 2019
No compensation reported
Michael J. Taylor
Vice President
On filings since 2019
No compensation reported
Raj A. Malviya
Secretary
On filings since 2019
No compensation reported
Former officers (1)
- Former: Diane Lynn Budres-Engle (2019–2021) — President
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 Budres Foundation
How much does The Budres Foundation give each year?
The Budres Foundation gave $25K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $23K across 2 grants.
How large is The Budres Foundation?
The Budres Foundation reported $503K in total assets on its 2025 IRS Form 990-PF. It paid out $41K in qualifying distributions that year, against a required minimum of $30K (roughly 5% of its investment assets).
Where does The Budres Foundation operate?
The Budres Foundation has awarded grants in Michigan.
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 2019–2025.
Data last updated November 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 30, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 14, 2026)
- IRS filings on file for fiscal years 2020–2024
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