The James B & Eileen M Kelly
The James B & Eileen M Kelly is a private foundation focused on Education, based in TRAVERSE CITY, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $740K in total assets. In 2024, it awarded 2 grants totaling $19K. Net investment income was $38K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$740K
+2.4% YoY
Annual Giving
$19K
Grant Count
2
Avg Grant Size
$10K
Under IRS private-foundation payout rules, The James B & Eileen M Kelly reported a distributable amount of $56K for 2024 — the minimum it must pay out in qualifying distributions.
About The James B & Eileen M Kelly
Based on IRS filings
The James B & Eileen M Kelly is a private foundation focused on Education, based in TRAVERSE CITY, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $740K in total assets. In 2024, it awarded 2 grants totaling $19K. Net investment income was $38K.
Focus Areas
Ready to take the next step with The James B & Eileen M Kelly?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $740,171 | $723,093 | $684,907 |
| Revenue | $40,453 | $41,488 | $40,471 |
| Expenses | $23,338 | $5,798 | $100,211 |
| Qualifying Distributions | $20,826 | $2,824 | $100,031 |
| Net Investment Income | $38,498 | $38,553 | $41,798 |
| Distributable Amount | $56,137 | $56,195 | $66,821 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Diocese of Gaylord ($10,000), Elizabeth Lane Oliver Center for the Arts ($9,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ELIZABETH LANE OLIVER CENTER FOR THE ARTS FRANKFORT, MI | PROGRAMS FOR THE ADVANCEMENT OF THE ARTS | $9,000 |
| THE DIOCESE OF GAYLORD GAYLORD, MI | GENERAL PURPOSE | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EILEEN M KELLY | PR, TR, DIR | 0.25 | — |
| STEPHEN R KELLY | VP, SC, DIR | 0.25 | — |
| MICHAEL M KELLY | DIR, TR | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The James B & Eileen M Kelly?
The James B & Eileen M Kelly is a private foundation focused on Education, based in TRAVERSE CITY, MI. It holds $740K in total assets as of 2024.
How large is The James B & Eileen M Kelly?
As of 2024, The James B & Eileen M Kelly holds $740K in total assets with $40K in annual revenue. It awarded 2 grants totaling $19K in 2024.
Where does The James B & Eileen M Kelly operate?
The James B & Eileen M Kelly has awarded grants in District of Columbia, Florida, Michigan.
What size grants does The James B & Eileen M Kelly award?
In 2024, The James B & Eileen M Kelly awarded 2 grants totaling $19K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is The James B & Eileen M Kelly required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The James B & Eileen M Kelly reported a distributable amount of $56K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The James B & Eileen M Kelly's EIN?
The James B & Eileen M Kelly's EIN (Employer Identification Number) is 22-2777470. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.