The F&V Foundation
The F&V Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Grand Rapids, MI. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $927K in total assets. In 2024, it awarded 16 grants totaling $38K. Net investment income was $36K.
Key facts about The F&V Foundation
- EIN
- 87-4110648
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $37,800
- Grants made (2024)
- 16
- Average grant
- $2,363
- Median grant
- $1,000
- Total assets
- $927,004
- Primary geography
- Michigan (97% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The F&V Foundation funds
By grant dollars, the top recipient states for The F&V Foundation's 16 itemized 2024 grants were Michigan (97%). The most frequent recipient cities were Grand Rapids, MI (2 grants). None of its 16 grants with a stated purpose were described as general or operating support. Recurring purposes include "Annual Support Towards the Company's Mission" (13 grants).
How The F&V Foundation gives
- 19% of 2024 grantees were also funded in 2023. Method
- In 2024 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
Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The F&V Foundation
- How to evaluate The F&V Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$927K
+15.7% YoY
Annual Giving
$38K
+8.3% YoY
Grant Count
16
-15.8% YoY
Avg Grant Size
$2K
+28.6% YoY
Under IRS private-foundation payout rules, The F&V Foundation reported a distributable amount of $42K for 2024 — the minimum it must pay out in qualifying distributions.
About The F&V Foundation
Based on IRS filings
The F&V Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Grand Rapids, MI. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $927K in total assets. In 2024, it awarded 16 grants totaling $38K. Net investment income was $36K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 16 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $927,004 | $800,965 | $760,000 |
| Revenue | $93,232 | $41,710 | $15,000 |
| Expenses | $44,785 | $36,966 | $5,000 |
| Qualifying Distributions | $37,800 | $35,098 | $5,000 |
| Net Investment Income | $36,229 | $21,649 | — |
| Distributable Amount | $42,047 | $38,138 | $37,430 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
36 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Michigan Tech Fund ($10,000), Village of Breckenridge ($8,000), Michigan State University ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MICHIGAN TECH FUND Houghton, MI | THE GRANT IS INTENDED TO SUPPORT THE COLLEGE'S EDUCATIONAL INITIATIVES, INCLUDING FUNDING SCHOLARSHIPS, ENHANCING ACADEMIC PROGRAMS, PROMOTING RESEARCH AND INNOVATION, AND PROVIDING EDUCATIONAL RESOURCES AND OPPORTUNITIES TO STUDENTS. | $10,000 |
| VILLAGE OF BRECKENRIDGE Breckenridge, MI | TO VILLAGE OF BRECKENRIDGE FOR JAYCEE HOFFMEYER MEMORIAL PARK IMPROVEMENT PROJECT | $8,000 |
| MICHIGAN STATE UNIVERSITY East Lansing, MI | ANNUAL SUPPORT TOWARDS THE COMPANY'S MISSION | $5,000 |
| CITY OF HARRISON Harison, MI | TO ENHANCE A PUBLIC SPACE WITH BENCHES, TRASH RECEPTACLES, AND PET WASTE STATIONS | $5,000 |
| THE RIGHT PLACE FOUNDATION Grand Rapids, MI | ANNUAL SUPPORT TOWARDS THE COMPANY'S MISSION | $2,000 |
| WMMIAEC Kalamazoo, MI | ANNUAL SUPPORT TOWARDS THE COMPANY'S MISSION | $2,000 |
| AID IN MILAN Milan, MI | ANNUAL SUPPORT TOWARDS THE COMPANY'S MISSION | $1,000 |
| PIERCETON CHAMBER OF COMMERCE Pierceton, IN | ANNUAL SUPPORT TOWARDS THE COMPANY'S MISSION | $1,000 |
| THREE RIVERS PROMISE Three Rivers, MI | ANNUAL SUPPORT TOWARDS THE COMPANY'S MISSION | $1,000 |
| CADILLAC AREA HABITAT FOR HUMANITY Cadillac, MI | ANNUAL SUPPORT TOWARDS THE COMPANY'S MISSION | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| John Devol | Director | 1 | — |
| Craig Shumaker | Director | 1 | — |
| Paul Galdes | Director | 1 | — |
| Bob Wilcox | Director | 1 | — |
| Don Devries | Director | 1 | — |
| H Blair Selover | Director | 1 | — |
| Brian Rice | Director | 1 | — |
| Jon Moxey | Directors | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The F&V Foundation?
The F&V Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Grand Rapids, MI. It holds $927K in total assets as of 2024.
How large is The F&V Foundation?
As of 2024, The F&V Foundation holds $927K in total assets with $93K in annual revenue. It awarded 16 grants totaling $38K in 2024.
Where does The F&V Foundation operate?
The F&V Foundation has awarded grants in Indiana, Michigan.
What size grants does The F&V Foundation award?
In 2024, The F&V Foundation awarded 16 grants totaling $38K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The F&V Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The F&V Foundation reported a distributable amount of $42K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The F&V Foundation's EIN?
The F&V Foundation's EIN (Employer Identification Number) is 87-4110648. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.