Triangle Foundation Inc
Triangle Foundation Inc is a private foundation, based in Lafayette, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $855K in total assets. In 2025, it awarded 11 grants totaling $89K. Net investment income was $78K.
Key facts about Triangle Foundation Inc
In short: Triangle Foundation Inc gave $89K across 11 grants in 2025 (avg $8K), mostly in Michigan. 55% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 35-1904937
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $89,350
- Grants made (2025)
- 11
- Average grant
- $8,123
- Median grant
- $6,600
- New grantees (estimate)
- 55% first-time grantees (6 of 11, 2025)
- Total assets
- $855,212
- Primary geography
- Michigan (69% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$855K
-40.7% YoY
Annual Giving
$89K
-10.8% YoY
Grant Count
11
+120.0% YoY
Avg Grant Size
$8K
-59.5% YoY
Under IRS private-foundation payout rules, Triangle Foundation Inc reported a distributable amount of $90K for 2025 — the minimum it must pay out in qualifying distributions.
Is Triangle Foundation Inc open to new grantees?
55%
first-time grantees, 2025
In 2025, 6 of 11 grantees (55%) were first-time recipients. First grants averaged $4K; repeat grants $13K. How we count
Medians: $375 first-time, $10K repeat.
- 36% of 2025 grantees were also funded in 2024. Method
- Giving grew 191% from 2022 to 2025. Method
- In 2025 it paid out 147% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 11 itemized 2025 grant dollars.
Cities
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 2025
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| OPERATION INJURED SOLDIER South Lyon, MI | SUPPORT | $27,500 |
| SOUTH LYON EDUCATION FOUNDATION South Lyon, MI | SUPPORT | $20,000 |
| ICAN Zionsville, IN | SUPPORT | $15,000 |
| CARROLL HIGH SCHOOL BASEBALL Flora, IN | SUPPORT | $10,000 |
| SALEM BIBLE CHURCH Northville, MI | SUPPORT | $7,200 |
| PASTOR LANCE RUBRINGER Northville, MI | SUPPORT | $6,600 |
| ROGER STEVENSON Rockville, MD | SUPPORT | $2,000 |
| CUTLER RIDGE BENEVOLENT CHURCH Cutler, IN | SUPPORT | $550 |
| ST JUDE HOSPITAL Indianapolis, IN | SUPPORT | $200 |
| THE BEREAN WAY FELLOWSHIP Lafayette, IN | SUPPORT | $200 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $855,212 | $1,442,550 | $1,679,293 |
| Revenue | $-440,929 | $-86,051 | $961,438 |
| Expenses | $146,409 | $151,442 | $115,781 |
| Qualifying Distributions | $133,227 | $147,634 | $115,781 |
| Net Investment Income | $78,488 | $41,506 | $53,960 |
| Distributable Amount | $90,331 | $105,069 | $94,148 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Triangle Foundation Inc is led by Roger D. Stevenson, President since 2024 (on filings since 2020); 1 of 5 officers listed in 2025 is compensated.
Officers on the 2025 filing
Roger D. Stevenson
President
Vice President → President, 2024
On filings since 2020
No compensation reported
David M. Stevenson
Director
President → Director, 2024
On filings since 2020
No compensation reported
Seth M. Eldridge
Vice President
On filings since 2024
$2K (2024) → $4K (2025)
Diana S. Gorman
Secretary
On filings since 2024
No compensation reported
Gregory A. Stevenson
Treasurer
On filings since 2024
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
Frequently asked questions about Triangle Foundation Inc
How much does Triangle Foundation Inc give each year?
Triangle Foundation Inc gave $89K across 11 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $100K across 5 grants.
What is Triangle Foundation Inc's typical grant size?
Triangle Foundation Inc's median grant in 2025 was $6,600, and its average grant was $8,123, across 11 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Triangle Foundation Inc that year got $4K on average.
Where does Triangle Foundation Inc give grants?
Triangle Foundation Inc gives mostly in Michigan: 69% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Indiana (29%). The most frequent recipient cities were South Lyon, MI (2 grants) and Northville, MI (2 grants).
Does Triangle Foundation Inc give general operating support?
Not in 2025: none of the 11 grants with a stated purpose on Triangle Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support" (11 grants).
Who are Triangle Foundation Inc's largest grantees?
Triangle Foundation Inc's largest 2025 grantees include Operation Injured Soldier ($27,500), South Lyon Education Foundation ($20,000) and Ican ($15,000), according to its 2025 IRS Form 990-PF. Together they received 70% of its itemized 2025 grant dollars.
How large is Triangle Foundation Inc?
Triangle Foundation Inc reported $855K in total assets on its 2025 IRS Form 990-PF. It paid out $133K in qualifying distributions that year, against a required minimum of $90K (roughly 5% of its investment assets).
What is Triangle Foundation Inc's EIN?
Triangle Foundation Inc's EIN (Employer Identification Number) is 35-1904937. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Triangle Foundation Inc by hand.
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