The Steve & Amy Van Andel Foundation
- Assets
- $97.8m
- Revenue
- $4.4m
- Investments
- $91.2m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 10/2005
- Data as of
- 12/2022
- EIN
- 20-2110604
Organization Overview
The Steve & Amy Van Andel 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. Steve & Amy Van Andel 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 12/2022, Steve & Amy Van Andel Foundation generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $7.8m during the year ending 12/2022. While expenses have increased by 11.3% per year over the past 8 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 2014, Steve & Amy Van Andel Foundation has awarded 611 individual grants totaling $51,447,099. 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 |
|---|---|---|---|
Stephen A Van Andel Trustee | 0 | $0 | |
Amy C Van Andel Executive Di | 35 | $150,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adabelle Capital Ii Ls Ar & Ra | 12/30/22 | $94,244 |
Merrill Lynch - Lazard | 12/30/22 | $54,190 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $163,141 |
| Dividends & Interest | $1,031,603 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,742,343 |
| Capital Gain Net Income | $1,742,343 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,451,922 |
| Total Revenue | $4,389,009 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $68,277 |
| Pension plans, employee benefits | $57,828 |
| Interest | $0 |
| Taxes | $89,157 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,008 |
| Total operating and administrative expenses | $811,588 |
| Contributions, gifts, grants paid | $6,985,800 |
| Total expenses and disbursements | $7,797,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,601,119 |
| 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 | $7,624 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $91,227,933 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $97,836,676 |
| Accounts payable and accrued expenses | $19,806 |
| 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 | $19,806 |
Grants Awarded
Over the last fiscal year, The Steve & Amy Van Andel Foundation has awarded $14,262,800 in support to 85 organizations.
| Grant Recipient | Amount |
|---|---|
ADA HISTORICAL SOCIETY PURPOSE: COMMUNITY DEVELOPMENT | $1,000 |
BAXTER COMMUNITY CENTER PURPOSE: HEALTH & HUMAN SERVICES | $30,000 |
AMERICAN ENTERPRISE INSTITUTE FOR PURPOSE: PUBLIC POLICY | $20,000 |
BETHEL COMMUNITY EDUCATION PURPOSE: EDUCATION | $50,000 |
CHERRY STREET SERVICES FOUNDATION PURPOSE: HEALTH & HUMAN SERVICES | $20,000 |
CHILDRENS ADVOCACY CENTER PURPOSE: HEALTH & HUMAN SERVICES | $10,000 |