//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
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. Total assets have grown from $119K in 2019 to $166K in 2024. The foundation is governed by 3 officers and trustees. 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. Tax records are available from 2016 to 2024. 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 | N/A |
| Julie Horn | TREASURER | $0 | $0 | N/A |
| Scott Ord | GENERAL MANAGER/SECRETARY | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$166K
Fair Market Value
N/A
Net Worth
$151K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |