The David And Carol Van Andel Family Foundation
- Assets
- $107.9m
- Revenue
- $8.2m
- Investments
- $106.0m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 10/2005
- Data as of
- 12/2020
- EIN
- 20-2110420
Organization Overview
The David And Carol Van Andel Family Foundation is located in Grand Rapids, MI. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David And Carol Van Andel Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, David And Carol Van Andel Family Foundation generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 63.5% each year . All expenses for the organization totaled $7.5m during the year ending 12/2020. While expenses have increased by 25.6% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, David And Carol Van Andel Family Foundation has awarded 178 individual grants totaling $19,367,740. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Van Andel Executive Director | 32 | $198,269 | |
Aaron Van Andel Executive Director | 32 | $40,200 | |
Christian Van Andel Associate Director | 40 | $21,200 | |
Kyle Van Andel Associate Director | 40 | $20,000 | |
David Van Andel President | 1 | $0 | |
Nicole Dandridge Treasurer/secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adabelle Capital Ii - Absolute | 12/30/20 | $51,089 |
Adabelle Capital Ii - Ls | 12/30/20 | $71,956 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,862 |
| Dividends & Interest | $6,159,841 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,833,129 |
| Capital Gain Net Income | $1,833,129 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $209,739 |
| Total Revenue | $8,218,571 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $171,833 |
| Other employee salaries and wages | $60,769 |
| Pension plans, employee benefits | $24,094 |
| Interest | $0 |
| Taxes | $39,364 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63,000 |
| Total operating and administrative expenses | $767,668 |
| Contributions, gifts, grants paid | $6,690,985 |
| Total expenses and disbursements | $7,458,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,880 |
| Savings and temporary cash investments | $1,777,952 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,378 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $106,044,460 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $107,851,670 |
| Accounts payable and accrued expenses | $26,861 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $26,861 |
Grants Awarded
Over the last fiscal year, The David And Carol Van Andel Family Foundation has awarded $8,016,755 in support to 86 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Rapids, MI PURPOSE: CHRISTIAN INSTITUTIONS | $1,000,000 |
JOHN BALL ZOOLOGICAL SOCIETY PURPOSE: ARTS & CULTURE | $750,000 |
JOHN BALL ZOOLOGICAL SOCIETY PURPOSE: ARTS & CULTURE | $750,000 |
HOPE COLLEGE PURPOSE: CHRISTIAN EDUCATION | $500,000 |
Grand Rapids, MI PURPOSE: CHRISTIAN INSTITUTIONS | $500,000 |
Grand Rapids, MI PURPOSE: CHRISTIAN EDUCATION | $400,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Gilbert Fam Foundation Detroit, MI | $16,505,480 | $22,733,689 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Richard And Helen Devos Foundation Grand Rapids, MI | $31,037 | $11,215,000 |
Huntington Foundation Columbus, OH | $456,967 | $10,970,786 |
Lewis W Hyer Trust 098310c Milwaukee, WI | $167,937,358 | $18,090,828 |
Franciscan Health Foundation Inc Mishawaka, IN | $46,155,507 | $9,741,999 |
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |