The Holley Foundation
The Holley Foundation is a private foundation, based in Birmingham, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 9 grants totaling $198K. Net investment income was $162K.
The Holley Foundation at a glance
In short: The Holley Foundation gave $198K across 9 grants in 2024 (avg $22K), mostly in Michigan. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $198,000
- +11.5% vs 2023
- Grants made (2024)
- 9
- -10.0% vs 2023
- Average grant
- $22,000
- +23.9% vs 2023
- Median grant
- $20,000
- Total assets
- $2,963,314
- -2.1% vs 2023
- Primary geography
- Michigan (75% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who The Holley Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Macc Development ($40K). Together the top 9 received $198K.
Grant Size Distribution
55 grants across all recorded years
The most common grant size was under $50K: 55 grants of 55 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How The Holley Foundation gives
- Giving held roughly steady from 2021 to 2024 (−8%). Method
- In 2024 it paid out 103% 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 2020 to 2024, annual grant giving ranged from $178K (2023) to $214K (2021). In 2024 it made 9 grants totaling $198K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Macc Development Detroit, MI | To Fund Staff Salaries | $40,000 |
| Read to a Child Wellesley, MA | Read Aloud Mentoring - Se Village | $36,000 |
| Downtown Boxing Gym Youth Program Detroit, MI | Prep for Success | $30,000 |
| Gleaners Comm Food Bank of Se Mich Detroit, MI | Food Donation | $20,000 |
| Autism Alliance of MI Southfield, MI | Watch Me Grow - Se Village | $20,000 |
| Central Detroit Christian Community Detroit, MI | Birdies Bookmobile | $20,000 |
| Insideout Literary Arts Detroit, MI | Boggs Writing, Poem Forum, Carstons | $17,000 |
| Detroit Creativity Project Venice, CA | The Improv Project Programming | $14,000 |
| Community Foundation for Se Mich Detroit, MI | Unrestricted Grant | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,963,314 | $205,238 | $272,533 | $198,000 | 9 | $229,350 | $161,905 | $221,806 |
| 2023 | $3,026,843 | $98,170 | $237,409 | $177,515 | 10 | $197,874 | $58,485 | $205,150 |
| 2022 | $3,165,854 | $154,152 | $281,590 | $213,000 | 12 | $235,421 | $98,879 | $212,585 |
| 2021 | $3,293,224 | $447,947 | $270,081 | $214,400 | 12 | $232,358 | $369,099 | $238,725 |
| 2020 | $3,115,669 | $142,583 | $222,727 | $179,382 | 12 | — | $76,922 | $207,845 |
Under IRS private-foundation payout rules, The Holley Foundation reported a distributable amount of $222K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Holley Foundation is led by Lynn Krugman, President on every filing since 2020; none of the 9 officers listed in 2024 report compensation.
Officers on the 2024 filing
Lynn Krugman
President
On filings since 2020
No compensation reported
Ben Devries
Trustee
On filings since 2020
No compensation reported
Jennifer Boyd
Trustee
On filings since 2020
No compensation reported
Charlie Kuehn
Trustee
On filings since 2021
No compensation reported
Daniel Krugman
Trustee
New on the 2024 filing
No compensation reported
Andy Kuehn
Treasurer
Secretary → Treasurer, 2021
On filings since 2020
No compensation reported
Erika Kuehn
Secretary
Trustee → Secretary, 2021
On filings since 2020
No compensation reported
George Holley
Member & Prgm
On filings since 2020
No compensation reported
Stephen Holley
1st Vice President & Member
On filings since 2020
No compensation reported
Former officers (1)
- Former: Gregg Kuehn (2020) — Member & Treasurer
Data from IRS Form 990 filings, 2020–2024. "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 Holley Foundation
How much does The Holley Foundation give each year?
The Holley Foundation gave $198K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $178K across 10 grants.
What is The Holley Foundation's typical grant size?
The Holley Foundation's median grant in 2024 was $20,000, and its average grant was $22,000, across 9 grants on its 2024 IRS Form 990-PF.
Where does The Holley Foundation give grants?
The Holley Foundation gives mostly in Michigan: 75% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Massachusetts (18%) and California (7%). The most frequent recipient cities were Detroit, MI (6 grants).
Does The Holley Foundation give general operating support?
Yes: 11% of The Holley Foundation's 2024 grants with a stated purpose (1 of 9) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Holley Foundation's largest grantees?
The Holley Foundation's largest 2024 grantees include Macc Development ($40,000), Read to a Child ($36,000) and Downtown Boxing Gym Youth Program ($30,000), according to its 2024 IRS Form 990-PF. Together they received 54% of its itemized 2024 grant dollars.
How large is The Holley Foundation?
The Holley Foundation reported $3.0M in total assets on its 2024 IRS Form 990-PF. It paid out $229K in qualifying distributions that year, against a required minimum of $222K (roughly 5% of its investment assets).
What is The Holley Foundation's EIN?
The Holley Foundation's EIN (Employer Identification Number) is 38-6055168. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 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 2020 (received by the IRS November 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 28, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Holley Foundation's focus areas in our free grants database
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