514 Foundation
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.
Key facts about 514 Foundation
In short: 514 Foundation gave $55K across 7 grants in 2025 (avg $8K), top state Illinois. Source: 2025 IRS Form 990-PF.
- EIN
- 88-3052475
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $55,467
- Grants made (2025)
- 7
- Average grant
- $7,924
- Median grant
- $2,000
- Total assets
- $1,018
- Primary geography
- Illinois (45% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1K
-81.6% YoY
Annual Giving
$55K
+214.4% YoY
Grant Count
7
-30.0% YoY
Avg Grant Size
$8K
+349.1% YoY
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 7 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $18K (2024) to $55K (2025). In 2025 it made 7 grants totaling $55K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Water for Life ($25K). Together the top 7 received $55K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 17 grants of 17 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Water for Life Chicago, IL | Charity | $25,000 |
| Project Cure Centennial, CO | Charity | $20,488 |
| Kama Teacher Drive Kenmare, ND | Charity | $5,536 |
| Kenmare Dollar for Scholars Kenmare, ND | Charity | $2,000 |
| Gift of Love Desoto, TX | Charity | $1,216 |
| Kenmare Food Pantry Minot, ND | Charity | $700 |
| Operation Christmas Child Boone, NC | Charity | $527 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,018 | $5,529 | — |
| Revenue | $51,758 | $25,460 | — |
| Expenses | $56,269 | $19,931 | — |
| Qualifying Distributions | $55,667 | $18,215 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $1,508 | $516 | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 14, 2026)
- IRS filings on file for fiscal years 2023–2025
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
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.
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