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Canaan Foundation Trust is a private trust based in TRAVERSE CITY, MI. The foundation received its IRS ruling in 2021. It holds total assets of $984K. Annual income is reported at $171K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Canaan Foundation Trust has made 21 grants totaling $63K, with a median grant of $2K. Annual giving has grown from $13K in 2021 to $15K in 2023. Grantmaking activity was highest in 2022 with $35K distributed across 7 grants. Individual grants have ranged from $13 to $20K, with an average award of $3K. The foundation has supported 14 unique organizations. The foundation primarily supports organizations in Michigan, Missouri, Illinois, which account for 71% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Canaan Foundation Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in MI, MO, IL.
Canaan Foundation Trust has distributed a total of $63K across 21 grants. The median grant size is $2K, with an average of $3K. Individual grants have ranged from $13 to $20K.
Canaan Foundation Trust typically selects its grantees rather than accepting unsolicited proposals.
Canaan Foundation Trust is headquartered in TRAVERSE CITY, MI. While based in MI, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Keith M Nielson | PRESIDENT | $0 | $0 | $0 |
| Dana A Crosby | VICE PRESIDE | $0 | $0 | $0 |
Total Giving
$54K
Total Assets
$821K
Fair Market Value
$888K
Net Worth
$821K
Grants Paid
$15K
Contributions
$19K
Net Investment Income
$96K
Distribution Amount
$35K
Total: $0
Total Grants
21
Total Giving
$63K
Average Grant
$3K
Median Grant
$2K
Unique Recipients
14
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| New Hope ChurchGENERAL DONATION | Williamsburg, MI | $3K | 2023 |
| Mission EurasiaGENERAL DONATION | Franklin, TN | $3K | 2023 |
| Living Hope Assembly Of GodGENERAL DONATION | Traverse City, MI | $3K | 2023 |
| Big LifeGENERAL DONATION | Ridgefield, WA | $2K | 2023 |
| Assemblies Of GodGENERAL DONATION | Springfield, MO | $2K | 2023 |
| Traverse Life CenterGENERAL DONATION |
| Traverse City, MI |
| $2K |
| 2023 |
| The Fathers HouseGENERAL DONATION | Glen Rose, TX | $1K | 2023 |
| The Garden Worship CenterGENERAL DONATION | Belleview, FL | $100 | 2023 |
| New Hope Community ChurchGeneral Operating Fund | Williamsburg, MI | $20K | 2022 |
| Living Hope Assemblies Of GodGeneral Operating Fund | Traverse City, MI | $6K | 2022 |
| Assemblies Of God Contributor ServicesGeneral Operating Fund | Springfield, MO | $2K | 2022 |
| Cedar Holdings Llc - PassthroughGeneral Operating Fund | Traverse City, MI | $13 | 2022 |
| Slavic Evangelical ChurchGeneral Operating Fund | Traverse City, MI | $5K | 2021 |
| Assemblies Of God Contributor ServiGeneral Operating Fund | Springfield, MO | $800 | 2021 |
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