514 Foundation

Private foundation · Grantmaker Minot, ND EIN: 88-3052475

514 Foundation is a private foundation, based in Minot, ND. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $1K in total assets. In 2025, it awarded 7 grants totaling $55K.

514 Foundation at a glance

In short: 514 Foundation gave $55K across 7 grants in 2025 (avg $8K), top state Illinois. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$55,467
+214.4% vs 2024
Grants made (2025)
7
-30.0% vs 2024
Average grant
$7,924
+349.1% vs 2024
Median grant
$2,000
Total assets
$1,018
-81.6% vs 2024
Primary geography
Illinois (45% of itemized 2025 grant dollars)
Latest 990 filing
Form 990-PF, 2025 View filing

Data from IRS Form 990-PF, 2025; updated September 2026.

Who 514 Foundation funds

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2025

Water for Life: $25KWater for Life$25KProject Cure: $20KProject Cure$20KKama Teacher Drive: $6KKama Teacher Drive$6KKenmare Dollar for Scholars: $2KKenmare Dollar for Scholars$2KGift of Love: $1KGift of Love$1KKenmare Food Pantry: $700Kenmare Food Pantry$700Operation Christmas Child: $527Operation Christmas Child$527

The largest 2025 recipient was Water for Life ($25K). Together the top 7 received $55K.

Grant Size Distribution

17 grants across all recorded years

17<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 17 grants of 17 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

6states

Share of 2025 grant dollars across all 7 itemized grants.

Cities

MinotKenmareDesotoBismarckBooneCentennialChicagoCorpus ChristiFort WorthPhoenix

How 514 Foundation gives

  • In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K0 grants2023 10 grants2024 7 grants2025

From 2024 to 2025, annual grant giving ranged from $18K (2024) to $55K (2025). In 2025 it made 7 grants totaling $55K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Water for Life Chicago, ILCharity$25,000
Project Cure Centennial, COCharity$20,488
Kama Teacher Drive Kenmare, NDCharity$5,536
Kenmare Dollar for Scholars Kenmare, NDCharity$2,000
Gift of Love Desoto, TXCharity$1,216
Kenmare Food Pantry Minot, NDCharity$700
Operation Christmas Child Boone, NCCharity$527
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsDistributable Amount
2025$1,018$51,758$56,269$55,4677$55,667$1,508
2024$5,529$25,460$19,931$17,64310$18,215$516

Under IRS private-foundation payout rules, 514 Foundation reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

514 Foundation's 2025 filing lists 4 officers; 1 of 4 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Bravera Wealth

    Trustee

    On filings since 2024

    1 hr/week

    $38 (2024) → $138 (2025)

  • Erika Ingerson

    Director

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Madisen Voigt

    Director

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Mitchell Ingerson

    Director

    On filings since 2023

    2 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2023–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Bravera Wealth — Trustee: $138Bravera WealthTrustee$138

The highest reported compensation on the 2025 filing was $138, to Bravera Wealth (Trustee).

Frequently asked questions about 514 Foundation

How much does 514 Foundation give each year?

514 Foundation gave $55K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $18K across 10 grants.

What is 514 Foundation's typical grant size?

514 Foundation's median grant in 2025 was $2,000, and its average grant was $7,924, across 7 grants on its 2025 IRS Form 990-PF.

Where does 514 Foundation give grants?

514 Foundation's top state is Illinois, with 45% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Colorado (37%) and North Dakota (15%). The most frequent recipient cities were Kenmare, ND (2 grants).

Does 514 Foundation give general operating support?

Not in 2025: none of the 7 grants with a stated purpose on 514 Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charity" (7 grants).

Who are 514 Foundation's largest grantees?

514 Foundation's largest 2025 grantees include Water for Life ($25,000), Project Cure ($20,488) and Kama Teacher Drive ($5,536), according to its 2025 IRS Form 990-PF. Together they received 92% of its itemized 2025 grant dollars.

How large is 514 Foundation?

514 Foundation reported $1K in total assets on its 2025 IRS Form 990-PF. It paid out $56K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).

What is 514 Foundation's EIN?

514 Foundation's EIN (Employer Identification Number) is 88-3052475. IRS Form 990 filing data is available on this page for 2023–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(3)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
  2. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 14, 2026)
  3. IRS filings on file for fiscal years 2023–2025

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from 514 Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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