The F&V Foundation
The F&V Foundation is a private foundation, based in Grand Rapids, MI. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.0M in total assets. In 2025, it awarded 7 grants totaling $41K. Net investment income was $65K.
The F&V Foundation at a glance
In short: The F&V Foundation gave $41K across 7 grants in 2025 (avg $6K), mostly in Michigan. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $41,000
- +8.5% vs 2024
- Grants made (2025)
- 7
- -56.3% vs 2024
- Average grant
- $5,857
- +147.9% vs 2024
- Median grant
- $5,000
- Total assets
- $1,009,325
- +8.9% vs 2024
- Primary geography
- Michigan (85% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The F&V Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Michigan Tech Fund ($10K). Together the top 7 received $41K.
Grant Size Distribution
43 grants across all recorded years
The most common grant size was under $50K: 43 grants of 43 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How The F&V Foundation gives
- Giving grew 720% from 2022 to 2025. Method
- In 2025 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2022 to 2025, annual grant giving ranged from $5K (2022) to $41K (2025). In 2025 it made 7 grants totaling $41K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Michigan Tech Fund Houghton, MI | Support for pipeline partner program scholarship fund at Michigan technological university | $10,000 |
| Leoni Township Leoni, MI | Support for park improvements, including picnic tables and benches | $8,000 |
| City of Anderson Anderson, IN | General Support | $6,000 |
| City of Portland Portland, MI | Support for Public Plaza Project | $5,000 |
| Village of Muir Muir, MI | Support for Railroad Street Park Renovation Project | $5,000 |
| Michigan State University Civil & Environmental Engineering East Lansing, MI | 2025-2026 Cee Partnership Annual Sponsorship | $5,000 |
| The Right Place Foundation Grand Rapids, MI | General Support | $2,000 |
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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 | $1,009,325 | $71,024 | $50,432 | $41,000 | 7 | $43,250 | $64,546 | $46,746 |
| 2024 | $927,004 | $93,232 | $44,785 | $37,800 | 16 | $37,800 | $36,229 | $42,047 |
| 2023 | $800,965 | $41,710 | $36,966 | $34,900 | 19 | $35,098 | $21,649 | $38,138 |
| 2022 | $760,000 | $15,000 | $5,000 | $5,000 | 1 | $5,000 | — | $37,430 |
| 2021 | $750,000 | $750,000 | — | — | — | — | — | $1,012 |
Under IRS private-foundation payout rules, The F&V Foundation reported a distributable amount of $47K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The F&V Foundation is led by John Devol, President & Director since 2025 (on filings since 2021); none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
John Devol
President & Director
Director → President & Director, 2025
On filings since 2021
1 hr/week
No compensation reported
Bob Wilcox
Director
On filings since 2021
1 hr/week
No compensation reported
Brian Rice
Secretary & Director
Director → Secretary & Director, 2025
On filings since 2021
1 hr/week
No compensation reported
Craig Shumaker
Treasurer & Director
Director → Treasurer & Director, 2025
On filings since 2021
1 hr/week
No compensation reported
Don Devries
Director
On filings since 2021
1 hr/week
No compensation reported
H. Blair Selover
Director
On filings since 2021
1 hr/week
No compensation reported
Paul Galdes
Director
On filings since 2021
1 hr/week
No compensation reported
Jon Moxey
Director
Directors → Director, 2025
On filings since 2024
1 hr/week
No compensation reported
Former officers (2)
- Former: Larry Fleis (2021–2023) — Director
- Former: Troy Stahl (2021–2022) — Director
Data from IRS Form 990 filings, 2021–2025. "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 F&V Foundation
How much does The F&V Foundation give each year?
The F&V Foundation gave $41K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $38K across 16 grants.
What is The F&V Foundation's typical grant size?
The F&V Foundation's median grant in 2025 was $5,000, and its average grant was $5,857, across 7 grants on its 2025 IRS Form 990-PF.
Where does The F&V Foundation give grants?
The F&V Foundation gives mostly in Michigan: 85% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Indiana (15%).
Does The F&V Foundation give general operating support?
Yes: 29% of The F&V Foundation's 2025 grants with a stated purpose (2 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The F&V Foundation's largest grantees?
The F&V Foundation's largest 2025 grantees include Michigan Tech Fund ($10,000), Leoni Township ($8,000) and City of Anderson ($6,000), according to its 2025 IRS Form 990-PF. Together they received 59% of its itemized 2025 grant dollars.
How large is The F&V Foundation?
The F&V Foundation reported $1.0M in total assets on its 2025 IRS Form 990-PF. It paid out $43K in qualifying distributions that year, against a required minimum of $47K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 1, 2023)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 7, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
- IRS filings on file for fiscal years 2021–2024
Live grants for the work The F&V Foundation funds
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