Acorn Charitable Trust

Foundation · Grantmaker Minneapolis, MN EIN: 82-1958025

Acorn Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Minneapolis, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.7M in total assets. In 2024, it awarded 1 grant totaling $1.2M. Net investment income was $1.3M.

Key facts about Acorn Charitable Trust

EIN: 82-1958025
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $1,163,000
Grants made (2024): 1
Average grant: $1,163,000
Median grant: $1,163,000
Total assets: $13,681,866
Primary geography: Minnesota (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How Acorn Charitable Trust gives

Giving grew 38% from 2021 to 2024. Method
In 2024 it paid out 166% of its IRS minimum distribution (the 5% rule). Method

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

Next steps with Acorn Charitable Trust

How to evaluate Acorn Charitable Trust as a funder
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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$13.7M

+0.7% YoY

Annual Giving

$1.2M

+35.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$1.2M

+35.9% YoY

Under IRS private-foundation payout rules, Acorn Charitable Trust reported a distributable amount of $707K for 2024 — the minimum it must pay out in qualifying distributions.

About Acorn Charitable Trust

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Minnesota $1.2M (100%)

Share of all 1 itemized 2024 grant dollars.

States

Minnesota

Cities

Minneapolis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$13,681,866	$13,591,918	$13,918,747
Revenue	$1,430,174	$696,739	$362,456
Expenses	$1,338,516	$1,023,082	$1,014,738
Qualifying Distributions	$1,175,011	$867,685	$818,210
Net Investment Income	$1,276,567	$542,842	$427,847
Distributable Amount	$706,698	$685,584	$724,686

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Various Charitable Organizations ($1,163,000).

Recipient	Purpose	Amount
VARIOUS CHARITABLE ORGANIZATIONS Minneapolis, MN	GENERAL PURPOSE TO BE DETERMINED BY THE GRANTEE	$1,163,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Katherine M Nielsen	Trustee	0.25	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Acorn Charitable Trust?

Acorn Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Minneapolis, MN. It holds $13.7M in total assets as of 2024.

How large is Acorn Charitable Trust?

As of 2024, Acorn Charitable Trust holds $13.7M in total assets with $1.4M in annual revenue. It awarded 1 grant totaling $1.2M in 2024.

Where does Acorn Charitable Trust operate?

Acorn Charitable Trust has awarded grants in Minnesota.

What size grants does Acorn Charitable Trust award?

In 2024, Acorn Charitable Trust awarded 1 grant totaling $1.2M — an average of about $1.2M per grant, based on its IRS Form 990 filings.

How much is Acorn Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Acorn Charitable Trust reported a distributable amount of $707K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.