Private foundation (trust)EIN 814086211Est. 2016-10

BANYAN FOUNDATION

DETROIT, MI 48215

Accepts unsolicited proposals

Total Assets

$166K

FY 2024

Annual Giving

$1K

FY 2024

Grants Made

1

FY 2024

Avg Grant

$1K

FY 2024

Grant Range

$1K–$1K

Typical

Deadlines

Open / rolling

Applications

Programs & Activities

Program 1

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.

Focus Areas

Community Improvement & Capacity Building

Financial Snapshot

2024 filing

Total Revenue

$19K

Total Expenses

$8K

Qualifying Distributions

$1K

Distributable Amount

$7K

Min. Investment Return

$8K

Undistributed Income

$7K

Payout rate 14%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.14%

Payout rate

Qualifying distributions as a share of distributable amount.

Giving Over Time

3 years

Giving over time from 2022 to 2024. Peak $1K in 2023. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

3 grants

DETROIT ACADEMY OF ARTS & SCIENCES
$2K
2 grants
GRASSROOT DETROITERS
$1K
1 grant

Grant Size Distribution

3 grants

<$10K
3
grants
$10–50K
$50–250K
$250K–1M
$1–5M
$5M+

Geographic Focus

1 states

Michigan
$3K
100% of total

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