Purpose Foundation — Two Felons, Four Positions
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Entity Overview
| Field | Value |
|---|---|
| Name | Purpose Foundation |
| Type | 501(c)(3) private foundation |
| LARA ID | 803294855 |
| EIN | 33-3537910 |
| Filed | December 9, 2024 |
| Registered Address | Grosse Pointe Woods, MI (same as Purpose Group and Banks) |
| Filed By | Crump-Gibson (Attorney In Fact) |
Purpose Foundation is a private foundation registered at the same Grosse Pointe Woods address as Banks’ other entities.
Officer Structure — Zero Independent Governance Verified
Two convicted felons hold all four officer positions:
| Officer | Person | Convictions |
|---|---|---|
| President | Brian Roderick Banks | 9 convictions |
| Director | Brian Roderick Banks | — |
| Secretary | Joseph Holland | Drug trafficking |
| Treasurer | Joseph Holland | — |
No independent board members. No outside oversight. The entire governance structure is occupied by two felons.
graph TB
FOUND["<b>Purpose Foundation</b><br/>501(c)(3) · EIN 33-3537910"]
BANKS["<b>Brian Banks</b><br/>9 convictions (6 felony)"]
HOLLAND["<b>Joseph Holland Jr</b><br/>Drug conviction · MDOC #443789"]
BANKS -->|"President"| FOUND
BANKS -->|"Director"| FOUND
HOLLAND -->|"Secretary"| FOUND
HOLLAND -->|"Treasurer"| FOUND
IRS["IRC §4941<br/>Self-Dealing<br/>Prohibition"]
FOUND -.->|"both officers are<br/>disqualified persons"| IRS
style FOUND fill:#14532d,stroke:#4ade80,color:#bbf7d0
style BANKS fill:#991b1b,stroke:#ef4444,color:#fecaca
style HOLLAND fill:#991b1b,stroke:#ef4444,color:#fecaca
style IRS fill:#713f12,stroke:#f59e0b,color:#fef3c7
Private Foundation Restrictions Documented
Private foundation status triggers IRC §4940–4948 self-dealing prohibitions:
- §4941 — Self-dealing between foundation and disqualified persons
- §4942 — Minimum distribution requirements
- §4943 — Excess business holdings
- §4944 — Jeopardizing investments
- §4945 — Taxable expenditures
- §4946 — Definition of disqualified persons (includes substantial contributors, managers, and family members)
- §4948 — Notice requirements for disqualified persons
Banks and Holland, as officers and disqualified persons, face strict limits on transactions between themselves and the foundation.
Verify
- 🏛️ LARA MiBusiness — Entity 803294855
- IRS EIN lookup: apps.irs.gov/app/eos — EIN 33-3537910
All sources are public records. Full documentation in the git repository.
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