Executive compensation
Form 990-PF · Part VIII · 7 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Michigan.
| Position | Total |
|---|---|
President Board President Above 90th percentile | $265k $293k |
Chair Board Chair Median to 75th percentilevs Philanthropy, Voluntarism & Grantmaking peers nationwide | $46k $51k |
Vice Chair Board Vice Chair 75th to 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers nationwide | $41k $46k |
Secretary Board Secretary 75th to 90th percentile | $36k $40k |
Treasurer Board Treasurer 75th to 90th percentile | $36k $40k |
Trustee Board Member Median to 75th percentile | $18k $20k |
Trustee Board Member Median to 75th percentile | $17k $19k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Browse compensation in Philanthropy, Voluntarism & Grantmaking →
Top pay as a share of expenses
In 2023, the highest total compensation at Frey Foundation equaled 3% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.
Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.
Grants paid
Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.
Total granted
$5.5M
Itemized grants
205
Median grant
$4k
| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Grand Action Foundation | Grand Rapids, MI | Acrisure Amphitheater in Downtown Grand Rapids | $500k |
| Grand Valley State University | Allendale, MI | Fully endow the Frey Foundation Chair for Family Philanthropy | $500k |
| Davenport University | Grand Rapids, MI | Casa Latina Program | $315k |
| Blandford Nature Center | Grand Rapids, MI | Second Nature: A Campaign for The Highlands | $300k |
| Petoskey-Harbor Springs Area Community Foundation | Petoskey, MI | Lofts at Lumber Square Capital Campaign | $250k |
| Petoskey-Harbor Springs Area Community Foundation | Petoskey, MI | Lofts at Lumber Square program related investment | $250k |
| Feeding America West Michigan | Comstock Park, MI | Nourish Tomorrow Advancement Campaign | $240k |
| Northwest Michigan Habitat for Humanity | Petoskey, MI | Foundations for Our Future | $210k |
| Amplify GR | Grand Rapids, MI | Boston Square Community Hub | $175k |
| Little Traverse Conservancy Inc | Harbor Springs, MI | Enji-minozhiiyaamigak, The Place of Peacefulness | $170k |
| Family Promise of West Michigan | Grand Rapids, MI | Room to Grow Capital Campaign | $141k |
| Family Promise of West Michigan | Grand Rapids, MI | Room to Grow Capital Campaign | $130k |
| Conservation Resource Alliance | Traverse City, MI | Spanning the Headwaters of the Jordan River and Deer Creek | $125k |
| Degage Ministries | Grand Rapids, MI | Building Dignity Through Christ: Degage Ministries Capital Campaign | $125k |
| Charlevoix County Community Foundation | East Jordan, MI | Frey Family Fund | $100k |
| Crooked Tree Arts Council Inc | Petoskey, MI | 50th Anniversary Campaign for the Arts | $100k |
| Downtown Grand Rapids Inc | Grand Rapids, MI | Building ArtPrize 2.0 Organizational Capacity and Infrastructure | $100k |
| KCONNECT | Grand Rapids, MI | KConnect: Creating Collective Impact in Our Community | $100k |
| Our Hope Association | Grand Rapids, MI | Rising Through Recovery Campaign | $100k |
| The STEM Greenhouse | Kentwood, MI | Ensuring 21st Century STEM Instruction for Minority Students in GRPS | $100k |
| Environmental Law & Policy Center | Chicago, IL | Michigan Power Plants to Parklands Strategic Initiative | $90k |
| Grand Rapids Ballet Company | Grand Rapids, MI | 50th Anniversary Building Campaign | $75k |
| Little Traverse Conservancy Inc | Harbor Springs, MI | The Jordan River Watershed Trail | $75k |
| West Michigan Tennis Inc | Grand Rapids, MI | Serving Our Community | $75k |
| Petoskey-Harbor Springs Area Community Foundation | Petoskey, MI | The Edward J. Frey Jr. Charitable Fund | $71k |
This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about Frey Foundation
What does the Board President of Frey Foundation earn?
In 2023, the Board President of Frey Foundation received $265,356 in total compensation. This pay is in the top 10% for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations in Michigan: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Board President pay at Frey Foundation compare with similar nonprofits?
Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Michigan, the 2023 pay of the Board President at Frey Foundation falls in the top 10%. In 2023, the highest total compensation at Frey Foundation equaled 3% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.
What are Frey Foundation's revenue and expenses?
In 2023, Frey Foundation reported $1M in total revenue and $8.9M in total expenses on its IRS Form 990.
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This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.
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