The Windfall Foundation
The Windfall Foundation is a private foundation, based in Marquette, MI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $7.8M in total assets. Net investment income was $395K.
The Windfall Foundation at a glance
- Total assets
- $7,798,536
- +21.6% vs 2024
- Revenue (2025)
- $1,460,376
- +6.3% vs 2024
- Net investment income (2025)
- $394,922
- +24.5% vs 2024
- Expenses (2025)
- $73,055
- -77.9% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Windfall Foundation funds
How this funder distributes its grants
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 2 grants of 6 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How The Windfall Foundation gives
- Giving fell 45% from 2021 to 2024. Method
- In 2024 it paid out 100% 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 2019 to 2024, annual grant giving ranged from $10K (2022) to $500K (2021). In 2024 it made 2 grants totaling $274K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bay Cliff Health Camp Big Bay, MI | Purchase of Two Buses | $174,049 |
| Bonifas Fine Arts Center Escanaba, MI | Capital Improvements | $100,000 |
Ready to take the next step with The Windfall Foundation?
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 | $7,798,536 | $1,460,376 | $73,055 | — | — | — | $394,922 | $337,301 |
| 2024 | $6,413,126 | $1,374,020 | $330,871 | $274,049 | 2 | $274,049 | $317,325 | $272,835 |
| 2023 | $5,367,839 | $1,068,298 | $100,204 | $60,000 | 2 | $60,000 | $87,844 | $208,493 |
| 2022 | $4,396,224 | $920,452 | $50,113 | $10,000 | 1 | $10,000 | $137,814 | $167,868 |
| 2021 | $3,531,160 | $1,083,346 | $529,629 | $500,000 | 1 | $500,000 | $304,659 | $150,068 |
| 2020 | $2,978,261 | $693,444 | $40,254 | $15,000 | 1 | — | $69,272 | $121,100 |
| 2019 | $2,324,967 | $820,874 | $101,482 | $80,000 | 4 | — | $51,034 | $84,828 |
Under IRS private-foundation payout rules, The Windfall Foundation reported a distributable amount of $337K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Windfall Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Diane B. Kribs-Mays
Director & S
Director, Secretary & Treasurer → Director & S, 2023
On filings since 2019
0.3 hrs/week
No compensation reported
J. Stephen Mays
Director & P
Director & President → Director & P, 2023
On filings since 2019
0.3 hrs/week
No compensation reported
Kenneth J. Seavoy
Director
On filings since 2019
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Windfall Foundation
How large is The Windfall Foundation?
The Windfall Foundation reported $7.8M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $1.5M.
Where does The Windfall Foundation operate?
The Windfall Foundation has awarded grants in Michigan.
How much is The Windfall Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Windfall Foundation reported a distributable amount of $337K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Windfall Foundation's EIN?
The Windfall Foundation's EIN (Employer Identification Number) is 45-3698071. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 26, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 27, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 18, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 7, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in The Windfall Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common
West End Health Foundation
Marquette, MI
West End Health Foundation funds health and wellness programs, services, and related equipment or improvements, especially chronic disease education, mental health, nutrition, and fitness, for residents of its West End communities in Marquette County, Michigan. Competitive grants generally range from $1,000 to $10,000, though 2024 grants ranged from $50 to $60,000. It contributes only to preselected organizations and does not accept unsolicited requests.
Assets
$10.5M
Grants
47
Total Given
$373K
The Youth Foundation of America
Petoskey, MI
Assets
$1.3M
Grants
5
Total Given
$11K
Frazier Fund Inc
Marquette, MI
Frazier Fund Inc supports Michigan organizations across areas including domestic and sexual violence services, hospice care, youth advocacy, arts and culture, health, and education. Its 2025 grants ranged from $1,500 to $20,000, with a median of $5,000. It accepts written requests from eligible tax-exempt organizations; the 2024 filing lists an April 30 annual deadline.
Assets
$1.6M
Grants
15
Total Given
$130K
United Way of Marquette County
Marquette, MI
United Way of Marquette County funds local programs addressing basic needs, health and wellness, youth opportunity, financial security, and support for older adults and people with disabilities in Marquette County, Michigan. Recent awards typically ranged from about $4,500 to $12,800, with a median of $9,378; Safety Net mini-grants are $1,000–$5,000. It accepts Safety Net applications on a rolling basis, and annual community investment funding uses program proposals reviewed by community volunteers.
Assets
$689K
Grants
25
Total Given
$230K
Copper Shores Community Health Foundation
Hancock, MI
Copper Shores Community Health Foundation funds nonprofits, local governments, and public educational institutions working on community health, well-being, financial stability, and affordable higher education in Baraga, Houghton, Keweenaw, and Ontonagon counties in Michigan. In 2024, grants ranged from $5,243 to $300,000, with a median of $25,957. It accepts unsolicited requests through its non-RFP application process; a letter of inquiry is encouraged but not required.
Assets
$86.6M
Grants
39
Total Given
$1.8M
The Donald and Audrey Anderson
Escanaba, MI
The Donald and Audrey Anderson Foundation funds religious, charitable, scientific, literary, and educational work in Michigan’s Central Upper Peninsula, including community services, schools, arts, and health programs. Its 2025 grants ranged from $300 to $15,500, with a median of $2,000. It does not accept unsolicited applications; board members select organizations based on their knowledge of local needs.
Assets
$938K
Grants
21
Total Given
$52K
More similar funders
More Funders in Michigan
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The Windfall Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
The Windfall Foundation down — hundreds of funders to go?