The Charis Foundation Inc

PLYMOUTH, MI EIN: 37-1798978

International, Foreign Affairs & National Security

The Charis Foundation Inc is a private foundation focused on International, Foreign Affairs & National Security, based in PLYMOUTH, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $16.6M in total assets. In 2024, it awarded 1 grants totaling $25K. Net investment income was $717K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$16.6M

+237.6% YoY

Annual Giving

$25K

-65.8% YoY

Grant Count

-66.7% YoY

Avg Grant Size

$25K

+2.7% YoY

Under IRS private-foundation payout rules, The Charis Foundation Inc reported a distributable amount of $637K for 2024 — the minimum it must pay out in qualifying distributions.

About The Charis Foundation Inc

Based on IRS filings

Focus Areas

International, Foreign Affairs & National Security

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Michigan $316K (83%)

Illinois $39K (10%)

Florida $25K (7%)

States

Florida Illinois Michigan

Cities

ChicagoGrand RapidsKalamazooMiamiPontiac

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$16,616,046	$4,921,280	$201,619
Revenue	$1,299,644	$1,992,965	$674,441
Expenses	$765,621	$329,232	$1,130,518
Qualifying Distributions	$25,000	$73,000	$133,000
Net Investment Income	$717,348	$576,683	$3,033
Distributable Amount	$637,026	$236,401	$6,923

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Roots Montessori ($25,000).

Recipient	Purpose	Amount
ROOTS MONTESSORI MIAMI, FL	GENERAL SUPPORT	$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JANICE RUARK	PRESIDENT/DIRECTOR	40	$150,000
JAMIN RUARK	VP/DIRECTOR	2	—
BREANNA SAAGMAN	TREASURER/DIRECTOR	8	—
MATTHEW SAAGMAN	SECRETARY/DIRECTOR	8	—
KEVIN RUARK	DIRECTOR	8	—
LAUREN RATIANI-RUARK	DIRECTOR	2	—

Subject Areas

Focus areas based on grantmaking activity

International, Foreign Affairs & National Security

Frequently Asked Questions

What is The Charis Foundation Inc?

The Charis Foundation Inc is a private foundation focused on International, Foreign Affairs & National Security, based in PLYMOUTH, MI. It holds $16.6M in total assets as of 2024.

How large is The Charis Foundation Inc?

As of 2024, The Charis Foundation Inc holds $16.6M in total assets with $1.3M in annual revenue. It awarded 1 grants totaling $25K in 2024.

Where does The Charis Foundation Inc operate?

The Charis Foundation Inc has awarded grants in Florida, Illinois, Michigan.

What size grants does The Charis Foundation Inc award?

In 2024, The Charis Foundation Inc awarded 1 grants totaling $25K — an average of about $25K per grant, based on its IRS Form 990 filings.

How much is The Charis Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Charis Foundation Inc reported a distributable amount of $637K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.