Troy Foundation for Educational
Troy Foundation for Educational is a private foundation, based in TROY, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $786K in total assets. In 2024, it awarded 2 grants totaling $65K. Net investment income was $37K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$786K
-7.8% YoY
Annual Giving
$65K
+66.2% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$32K
+149.2% YoY
Under IRS private-foundation payout rules, Troy Foundation for Educational reported a distributable amount of $43K for 2024 — the minimum it must pay out in qualifying distributions.
About Troy Foundation for Educational
Based on IRS filings
Troy Foundation for Educational is a private foundation, based in TROY, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $786K in total assets. In 2024, it awarded 2 grants totaling $65K. Net investment income was $37K.
Ready to take the next step with Troy Foundation for Educational?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $786,446 | $853,316 | $849,751 |
| Revenue | $106,339 | $95,664 | $151,926 |
| Expenses | $157,239 | $120,121 | $228,382 |
| Qualifying Distributions | $72,152 | $68,323 | $180,811 |
| Net Investment Income | $37,467 | $13,224 | $50,207 |
| Distributable Amount | $42,533 | $41,267 | $59,254 |
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
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Troy School District ($56,610), Various Individuals ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| VARIOUS INDIVIDUALS TROY, MI | SCHOLARSHIPS | $8,000 |
| TROY SCHOOL DISTRICT TROY, MI | CLASSROOM ENRIC | $56,610 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALISON HENDRY | EX DIRECTO | 20 | $68,323 |
| ALLAN PALMA | TRUSTEE | 1 | — |
| CALVIN STEPHENS | TRUSTEE | — | — |
| REBA MCNALLY | TRUSTEE | 1 | — |
| GAYLE MORAN | TRUSTEE | 1 | — |
| NANCY PHILLIPPART | TRUSTEE | 1 | — |
| BOB PRESTON | TRUSTEE | 1 | — |
| DUSTIN HARNISH | TRUSTEE | 1 | — |
| JENNIFER GOOTLIEB | TRUSTEE | 1 | — |
| LORI SISK | TRUSTEE | 1 | — |
| KENDRA MONTAINE | TRUSTEE | 1 | — |
| RICH MACHESKY | TRUSTEE | 1 | — |
| DAVID BOSMAN | PRESIDENT | 1 | — |
| KARA CROSS | VICE PRESI | 1 | — |
| BECKY HENRY | SECRETARY | 1 | — |
| MORGAN STEPHENS | TREASURER | 1 | — |
Frequently Asked Questions
How large is Troy Foundation for Educational?
As of 2024, Troy Foundation for Educational holds $786K in total assets with $106K in annual revenue. It awarded 2 grants totaling $65K in 2024.
Where does Troy Foundation for Educational operate?
Troy Foundation for Educational has awarded grants in Michigan.
What size grants does Troy Foundation for Educational award?
In 2024, Troy Foundation for Educational awarded 2 grants totaling $65K — an average of about $32K per grant, based on its IRS Form 990 filings.
How much is Troy Foundation for Educational required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Troy Foundation for Educational reported a distributable amount of $43K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Troy Foundation for Educational's EIN?
Troy Foundation for Educational's EIN (Employer Identification Number) is 38-2868205. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Troy Foundation for Educational's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Here to Help Foundation
ROYAL OAK, MI
Assets
$4.1M
Grants
3,199
Total Given
$993K
WK Kellogg Foundation
BATTLE CREEK, MI
Assets
$454.4M
Grants
1,778
Total Given
$286.5M
Community Foundation for Southeast
DETROIT, MI
Assets
$1.2B
Grants
938
Total Given
$105.1M
Charles Stewart Mott Foundation
FLINT, MI
Assets
$3.8B
Grants
834
Total Given
$166.4M
The Kresge Foundation
TROY, MI
Assets
$4.0B
Grants
800
Total Given
$170.0M
Dte Energy Foundation
DETROIT, MI
Assets
$129.1M
Grants
442
Total Given
$15.8M
The Skillman Foundation
DETROIT, MI
Assets
$418.5M
Grants
416
Total Given
$17.8M
The Ralph C Wilson Jr Foundation
DETROIT, MI
Assets
—
Grants
413
Total Given
$141.2M
United Way for Southeastern Michigan
DETROIT, MI
Assets
$88.9M
Grants
397
Total Given
$52.6M
Grand Rapids Community Foundation
GRAND RAPIDS, MI
Assets
$483.6M
Grants
377
Total Given
$22.0M
Flint and Genesee Group Foundation
FLINT, MI
Assets
$142.0M
Grants
304
Total Given
$4.5M
Consumers Energy Foundation
JACKSON, MI
Assets
$67.1M
Grants
296
Total Given
$7.5M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Troy Foundation for Educational on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities