Baker Foundation
Baker Foundation is a private foundation, based in Edina, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.0M in total assets. In 2025, it awarded 5 grants totaling $70K. Net investment income was $77K.
Baker Foundation at a glance
In short: Baker Foundation gave $70K across 5 grants in 2025 (avg $14K), mostly in Nebraska. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $70,000
- +60.9% vs 2024
- Grants made (2025)
- 5
- -37.5% vs 2024
- Average grant
- $14,000
- +157.5% vs 2024
- Median grant
- $10,000
- Total assets
- $1,952,002
- -2.8% vs 2024
- Primary geography
- Nebraska (57% 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 Baker Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was DAF - GIVING360 ($40K). Together the top 5 received $70K.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was under $50K: 42 grants of 42 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Baker Foundation gives
- Giving held roughly steady from 2022 to 2025 (+17%). Method
- In 2025 it paid out 143% of 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
From 2020 to 2025, annual grant giving ranged from $24K (2023) to $70K (2025). In 2025 it made 5 grants totaling $70K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| DAF - GIVING360 Omaha, NE | Charitable | $40,000 |
| Constellation Fund Minneapolis, MN | Charitable | $10,000 |
| Friends of Hennepin County Library Minneapolis, MN | Charitable | $10,000 |
| Create a Memory Minneapolis, MN | Charitable | $5,000 |
| American Cancer Society Chicago, IL | Charitable | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,952,002 | $99,601 | $207,582 | $70,000 | 5 | $181,431 | $77,099 | $126,549 |
| 2024 | $2,007,674 | $164,610 | $173,055 | $43,500 | 8 | $149,943 | $142,223 | $121,270 |
| 2023 | $2,016,119 | $39,667 | $149,021 | $23,500 | 4 | $128,147 | $47,998 | $117,184 |
| 2022 | $2,125,473 | $69,863 | $199,499 | $59,900 | 14 | $175,661 | $48,169 | $124,769 |
| 2021 | $2,255,109 | $142,071 | $218,056 | $55,000 | 11 | $193,728 | $118,174 | $132,497 |
| 2020 | $2,331,094 | $65,243 | $217,202 | $44,500 | 6 | — | — | $131,906 |
Under IRS private-foundation payout rules, Baker Foundation reported a distributable amount of $127K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Baker Foundation is led by Sandra B. Sherman, President, Treasurer & Director on every filing since 2020; 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
Sandra B. Sherman
President, Treasurer & Director
On filings since 2020
40 hrs/week
$84K (2021) → $87K (2025)
William J. Sherman
V. President & Director
On filings since 2020
No compensation reported
Laura S. Decker
Secretary & Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 $87K, to Sandra B Sherman (Pres/Treas & Director).
Frequently asked questions about Baker Foundation
How much does Baker Foundation give each year?
Baker Foundation gave $70K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $44K across 8 grants.
What is Baker Foundation's typical grant size?
Baker Foundation's median grant in 2025 was $10,000, and its average grant was $14,000, across 5 grants on its 2025 IRS Form 990-PF.
Where does Baker Foundation give grants?
Baker Foundation gives mostly in Nebraska: 57% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Minnesota (36%) and Illinois (7%). The most frequent recipient cities were Minneapolis, MN (3 grants).
Does Baker Foundation give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Baker Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (5 grants).
Who are Baker Foundation's largest grantees?
Baker Foundation's largest 2025 grantees include DAF - GIVING360 ($40,000), Constellation Fund ($10,000) and Friends of Hennepin County Library ($10,000), according to its 2025 IRS Form 990-PF. Together they received 86% of its itemized 2025 grant dollars.
How large is Baker Foundation?
Baker Foundation reported $2.0M in total assets on its 2025 IRS Form 990-PF. It paid out $181K in qualifying distributions that year, against a required minimum of $127K (roughly 5% of its investment assets).
What is Baker Foundation's EIN?
Baker Foundation's EIN (Employer Identification Number) is 41-6022591. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
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