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Bill And Bea Idema Foundation is a private corporation based in GRAND RAPIDS, MI. The foundation received its IRS ruling in 1986. The principal officer is % Fifph Third Bank. It holds total assets of $118.2M. Annual income is reported at $58.9M. According to available records, Bill And Bea Idema Foundation has made 12 grants totaling $6.2M, with a median grant of $112K. Annual giving has grown from $1M in 2020 to $1.6M in 2023. Grantmaking activity was highest in 2022 with $2.6M distributed across 4 grants. Individual grants have ranged from $30K to $1.3M, with an average award of $517K. The foundation has supported 7 unique organizations. Grant recipients are concentrated in Michigan. Contributions to this foundation are tax-deductible.
Bill And Bea Idema Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in MI.
Bill And Bea Idema Foundation has distributed a total of $6.2M across 12 grants. The median grant size is $112K, with an average of $517K. Individual grants have ranged from $30K to $1.3M.
Bill And Bea Idema Foundation typically selects its grantees rather than accepting unsolicited proposals.
Bill And Bea Idema Foundation is headquartered in GRAND RAPIDS, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jeffrey B Power | PRESIDENT/SECRETARY/TRUSTEE | $28K | $0 | $28K |
| Thomas Welch | TRUSTEE | $0 | $0 | $0 |
| Lisa Sharp | TREASURER | $0 | $0 | $0 |
| Heidi B Jark | VICE PRESIDENT - GRANTS | $0 | $0 | $0 |
| P Craig Welch Jr | CHAIRPERSON/TRUSTEE | $0 | $0 | $0 |
Total Giving
$2.6M
Total Assets
$119.7M
Fair Market Value
$128.1M
Net Worth
$119.7M
Grants Paid
$1.6M
Contributions
$5K
Net Investment Income
$2.1M
Distribution Amount
$5.8M
Total: $113M
Total Grants
12
Total Giving
$6.2M
Average Grant
$517K
Median Grant
$112K
Unique Recipients
7
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Potters HouseSUPPORT FOR SCHOOL OPERATIONS | Grand Rapids, MI | $50K | 2023 |
| Ottawa County Parks FoundationIDEMA EXPLORER TRAIL | West Olive, MI | $1.3M | 2023 |
| Grand Rapids Community FoundationSUPPORT FOR AN ENDOWMENT TO BE ADDED TO THE GRCF RESERVE FUND | Grand Rapids, MI | $160K | 2023 |
| Gilda'S Club Grand RapidsSUPPORT FOR THE CLUBHOUSE EXTERIOR REPAIRS/ SIDING PROJECT | Grand Rapids, MI | $63K | 2023 |
| Blandford Nature CenterSUPPORT FOR CAPITAL IMPROVEMENTS |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Grand Rapids, MI |
| $50K |
| 2023 |
| Grand Action 20OPERATING SUPPORT | Grand Rapids, MI | $30K | 2023 |
| John Ball ZooCAPITAL CAMPAIGN. | Grand Rapids, MI | $50K | 2022 |
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