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Way Foundation is a private corporation based in GRAND RAPIDS, MI. The foundation received its IRS ruling in 1997. It holds total assets of $1.2M. Annual income is reported at $49K. Total assets have grown from $970K in 2011 to $1.2M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Way Foundation has made 11 grants totaling $327K, with a median grant of $4K. The foundation has distributed between $52K and $138K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $138K distributed across 4 grants. Individual grants have ranged from $2K to $70K, with an average award of $30K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Michigan.
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.
Way Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 11 grants. Its grantmaking reaches organizations primarily in MI.
Way Foundation has distributed a total of $327K across 11 grants. The median grant size is $4K, with an average of $30K. Individual grants have ranged from $2K to $70K.
Way Foundation typically selects its grantees rather than accepting unsolicited proposals.
Way Foundation is headquartered in GRAND RAPIDS, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Art Decker | DIRECTOR | $0 | $0 | N/A |
| Ken Decker | DIRECTOR | $0 | $0 | N/A |
| Marlene Decker | DIRECTOR | $0 | $0 | N/A |
Total Giving
$54K
Total Assets
$1.2M
Fair Market Value
$1.1M
Net Worth
$1.2M
Grants Paid
$52K
Contributions
N/A
Net Investment Income
$53K
Distribution Amount
$49K
Total Grants
11
Total Giving
$327K
Average Grant
$30K
Median Grant
$4K
Unique Recipients
3
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Seventh Reformed ChurchRELIGION | Grand Rapids, MI | $50K | 2023 |
| Feeding America West MichiganRELIGION | Comstock Park, MI | $2K | 2023 |
| Mel Trotter MinistriesRELIGION | Grand Rapids, MI | $2K | 2021 |