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Banyan Foundation is a private corporation based in DETROIT, MI. The foundation received its IRS ruling in 2016. It holds total assets of $166K. Annual income is reported at $276K. THE GRANTS FROM BANYAN FOUNDATION ALLOW ENTREPRENEURS TO LAUNCH NEW BUSINESSES OR ASSIST IN STABLIZING OR EXPANDING EXISTING ONES. TO DATE, THESE BUSINESSES HAVE BEEN LOCATED IN THE DETROIT NEIGHBORHOODS AND THE MAJORITY OF THESE HAVE BEEN MINORITY-OWNED. According to available records, Banyan Foundation has made 2 grants totaling $2K, with a median grant of $750. Annual giving has grown from $500 in 2022 to $1K in 2023. Individual grants have ranged from $500 to $1K, with an average award of $750. Grant recipients are concentrated in Michigan. Contributions to this foundation are tax-deductible.
THE GRANTS FROM BANYAN FOUNDATION ALLOW ENTREPRENEURS TO LAUNCH NEW BUSINESSES OR ASSIST IN STABLIZING OR EXPANDING EXISTING ONES. TO DATE, THESE BUSINESSES HAVE BEEN LOCATED IN THE DETROIT NEIGHBORHOODS AND THE MAJORITY OF THESE HAVE BEEN MINORITY-OWNED.
THE GRANTS FROM BANYAN FOUNDATION ALLOW ENTREPRENEURS TO LAUNCH NEW BUSINESSES OR ASSIST IN STABLIZING OR EXPANDING EXISTING ONES. TO DATE, THESE BUSINESSES HAVE BEEN LOCATED IN THE DETROIT NEIGHBORHOODS AND THE MAJORITY OF THESE HAVE BEEN MINORITY-OWNED. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in MI.
Banyan Foundation has distributed a total of $2K across 2 grants. The median grant size is $750, with an average of $750. Individual grants have ranged from $500 to $1K.
CURRENT FOCUS IS PRIMARILY DETROIT, MI.
Banyan Foundation is headquartered in DETROIT, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Aamir Farooqi | PRESIDENT | $0 | $0 | $0 |
| Julie Horn | TREASURER | $0 | $0 | $0 |
| Scott Ord | GENERAL MANAGER/SECRETARY | $0 | $0 | $0 |
Total Giving
$19K
Total Assets
$244K
Fair Market Value
$244K
Net Worth
$139K
Grants Paid
$1K
Contributions
$0
Net Investment Income
$54K
Distribution Amount
$11K
Total Grants
2
Total Giving
$2K
Average Grant
$750
Median Grant
$750
Unique Recipients
1
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Detroit Academy Of Arts & SciencesSUPPORT FOR ARTS AND SCIENCES IN DETROIT | Detroit, MI | $1K | 2023 |
Other foundations that have funded Banyan Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Otto Bremer Trust | $75K | 2023 | GENERAL OPERATIONS |
| Cargill Foundation | $70K | 2023 | BANYAN'S ACES (ADOLESCENT EDUCATION SUPPORT) PROGRAM |
| Clb Foundation | $50K | 2023 | COMMUNITY AND CHILDRENS' AFTER-SCHOOL PROGRAMS |
| James B Linsmayer Foundation Trust | $10K | 2023 | GENERAL OPERATING |
| Oakfish Foundation U-A-D 11-12-14 |
WASHINGTON, DC
ALBANY, NY
WHITEFISH, MT
CONCORD, NH
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| $8K |
| 2023 |
| HIGHER GROUND SCHOLARSHIP |
| Centerpoint Energy Foundation Inc. | $5K | 2023 | GENERAL DONATION |
| Julie And Doug Baker Jr Foundation | $2K | 2023 | GENERAL OPERATING |
| Cargill Foundation | $70K | 2022 | ADOLESCENT EDUCATION SUPPORT PROGRAM - ACES |
| Cargill Foundation | $70K | 2022 | ADOLESCENT EDUCATION SUPPORT PROGRAM - ACES |
| Clb Foundation | $50K | 2022 | COMMUNITY OUTREACH |
| Clb Foundation | $50K | 2022 | COMMUNITY OUTREACH |
| James B Linsmayer Foundation Trust | $15K | 2022 | GENERAL OPERATING |
| C H Robinson Worldwide Foundation | $13K | 2022 | GENERAL OPERATING FUND |
| C H Robinson Worldwide Foundation | $13K | 2022 | GENERAL OPERATING FUND |
| Frey Foundation | $10K | 2022 | GENERAL OPERATING SUPPORT |
| Frey Foundation | $10K | 2022 | GENERAL OPERATING SUPPORT |
| Oakfish Foundation U-A-D 11-12-14 | $8K | 2022 | SCHOLARSHIPS |
| Oakfish Foundation U-A-D 11-12-14 | $8K | 2022 | SCHOLARSHIPS |
| Bame Foundation | $5K | 2022 | CHARITABLE GIFT |
| Bame Foundation | $5K | 2022 | CHARITABLE GIFT |
| Rose Francis Foundation | $5K | 2022 | GENERAL OPERATING |
| Centerpoint Energy Foundation Inc. | $5K | 2022 | GENERAL DONATION |
| Rose Francis Foundation | $5K | 2022 | GENERAL OPERATING |
| Julie And Doug Baker Jr Foundation | $2K | 2022 | GENERAL OPERATING |
| Julie And Doug Baker Jr Foundation | $2K | 2022 | GENERAL OPERATING |
| Bank Of America Charitable Foundation Inc. | $300 | 2022 | PROGRAM/OPERATING SUPPORT |
| Bank Of America Charitable Foundation Inc. | $300 | 2022 | PROGRAM/OPERATING SUPPORT |
| Cigna Foundation | $250 | 2022 | GENERAL OPERATING PURPOSES |
| Cargill Foundation | $70K | 2021 | ADOLESCENT EDUCATION SUPPORT PROGRAM - ACES |
| Clb Foundation | $50K | 2021 | FUND OUTREACH PROGRAMS |
| James B Linsmayer Foundation Trust | $15K | 2021 | GENERAL OPERATING |
| C H Robinson Worldwide Foundation | $10K | 2021 | GENERAL OPERATING FUND |
| Oakfish Foundation U-A-D 11-12-14 | $8K | 2021 | SCHOLARSHIPS |
| Centerpoint Energy Foundation Inc. | $5K | 2021 | ADOLESCENT EDUCATION SUPPORT (ACES) PROGRAM |
| Julie And Doug Baker Jr Foundation | $2K | 2021 | GENERAL OPERATING |
| Julie And Doug Baker Jr Foundation | $2K | 2021 | GENERAL OPERATING |
| Julie And Doug Baker Jr Foundation | $2K | 2021 | GENERAL OPERATING |
| Otto Bremer Trust | $75K | 2020 | GENERAL OPERATIONS |
| Cargill Foundation | $60K | 2020 | ADOLESCENT EDUCATION SUPPORT PROGRAM - ACES |
| Bame Foundation | $25K | 2020 | CHARITABLE GIFT |
| James B Linsmayer Foundation Trust | $15K | 2020 | GENERAL OPERATING |
| Oakfish Foundation U-A-D 11-12-14 | $14K | 2020 | SCHOLARSHIPS ($6,500) AND CAPITAL CAMPAIGN ($7,500) |
| C H Robinson Worldwide Foundation | $10K | 2020 | GENERAL OPERATING FUND |
| Frey Foundation | $10K | 2020 | GENERAL OPERATING SUPPORT |
| Cigna Foundation | $100 | 2020 | GENERAL OPERATING PURPOSES |
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