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Also known as: FOUNDATION
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John F And Edith L Wilsterman Foundation is a private corporation based in FLUSHING, MI. The foundation received its IRS ruling in 2019. The principal officer is Stephen W Walton. It holds total assets of $38.6M. Annual income is reported at $8.8M. The foundation is governed by 1 officer or trustee. The foundation operates in the area of education. Tax records are available from 2020 to 2023. According to available records, John F And Edith L Wilsterman Foundation has made 3 grants totaling $7.5M, with a median grant of $2.5M. Annual giving has grown from $2.5M in 2021 to $5.1M in 2022. Individual grants have ranged from $2.5M to $2.5M, with an average award of $2.5M. Grant recipients are concentrated in Michigan. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
John F And Edith L Wilsterman Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in MI.
John F And Edith L Wilsterman Foundation has distributed a total of $7.5M across 3 grants. The median grant size is $2.5M, with an average of $2.5M. Individual grants have ranged from $2.5M to $2.5M.
The application deadline is APPLICATION DEADLINE IS MARCH 15. Scholarships are resricted to students who have or who will be graduating from a genesee county, michigan public high school or from luke m. Powers high school. Awards will be granted by an advisory comittee for postsecondary education up to 5,000 annually for 4 years. Awards may be used for both undergraduate and graduate education. Once awarded the student shall keep a full time schedule and must maintain a gpa of 2.3, based on a 4.0 scale.
John F And Edith L Wilsterman Foundation is headquartered in FLUSHING, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stephen Walton | PRESIDENT | $91K | $0 | $91K |
Total Giving
$3.2M
Total Assets
$40.2M
Fair Market Value
$49.5M
Net Worth
$40.1M
Grants Paid
$2.6M
Contributions
$4K
Net Investment Income
$814K
Distribution Amount
$2.8M
Total: $39.7M
Total Grants
3
Total Giving
$7.5M
Average Grant
$2.5M
Median Grant
$2.5M
Unique Recipients
1
Most Common Grant
$2.5M
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Attached StatementSEE ATTACHED STATEMENT | Flushing, MI | $2.5M | 2022 |