Bill And Bea Idema Foundation

Organization Overview

Bill And Bea Idema Foundation is located in Grand Rapids, MI. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Bill And Bea Idema 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 12/2021, Bill And Bea Idema Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $434,852
Net Rental Income$0
Net Gain on Sale of Assets $833,345
Capital Gain Net Income $833,345
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $1,268,197

Grants Awarded

Over the last fiscal year, Bill And Bea Idema Foundation has awarded $900,000 in support to 2 organizations.

Grant RecipientAmount

MICHIGAN STATE UNIVERSITY

Org PageRecipient Profile

East Lansing, MI

PURPOSE: RESEARCH CENTER GRANT

$500,000

GRAND VALLEY STATE UNIV

Org PageRecipient Profile

Allendale, MI

PURPOSE: GRANT

$400,000
View Grant Profile

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