Carl and Holly Jones Family Foundation
Carl and Holly Jones Family Foundation is a private foundation focused on Education, based in Edina, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.3M in total assets. In 2025, it awarded 1 grant totaling $324K. Net investment income was $185K.
Key facts about Carl and Holly Jones Family Foundation
In short: Carl and Holly Jones Family Foundation gave $324K across 1 grant in 2025 (avg $324K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- EIN
- 47-2243825
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $324,175
- Grants made (2025)
- 1
- Average grant
- $324,175
- Median grant
- $324,175
- Total assets
- $3,306,821
- Primary geography
- Minnesota (100% 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
$3.3M
-0.6% YoY
Annual Giving
$324K
+2.1% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$324K
+2.1% YoY
Under IRS private-foundation payout rules, Carl and Holly Jones Family Foundation reported a distributable amount of $170K for 2025 — the minimum it must pay out in qualifying distributions.
How Carl and Holly Jones Family Foundation gives
- Giving held roughly steady from 2022 to 2025 (+1%). Method
- In 2025 it paid out 228% of 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 the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $130K (2020) to $327K (2023). In 2025 it made 1 grant totaling $324K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Kaleidoscope ($324K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 5 grants of 5 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Kaleidoscope Minneapolis, MN | General Fund | $324,175 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,306,821 | $3,325,819 | $2,346,679 |
| Revenue | $517,971 | $1,478,151 | $238,658 |
| Expenses | $529,923 | $506,302 | $592,282 |
| Qualifying Distributions | $388,651 | $376,065 | $416,932 |
| Net Investment Income | $184,596 | $1,347,914 | $63,308 |
| Distributable Amount | $170,224 | $151,360 | $170,218 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 1, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 2, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 16, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Carl and Holly Jones Family Foundation is led by Holly Jones, President on every filing since 2020; 1 of 4 officers listed in 2025 is compensated.
Officers on the 2025 filing
Holly Jones
President
On filings since 2020
1 hr/week
No compensation reported
Jayme Strom
Director
New on the 2025 filing
40 hrs/week
$65K (2025)
Jeff Schlesinger
Director
New on the 2025 filing
1 hr/week
No compensation reported
Carl Jones
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: John Jurkovich (2020–2024) — Director
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 $65K, to Jayme Strom (Director).
Frequently asked questions about Carl and Holly Jones Family Foundation
How much does Carl and Holly Jones Family Foundation give each year?
Carl and Holly Jones Family Foundation gave $324K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $318K across 1 grant.
How large is Carl and Holly Jones Family Foundation?
Carl and Holly Jones Family Foundation reported $3.3M in total assets on its 2025 IRS Form 990-PF. It paid out $389K in qualifying distributions that year, against a required minimum of $170K (roughly 5% of its investment assets).
What is Carl and Holly Jones Family Foundation?
Carl and Holly Jones Family Foundation is a private foundation focused on Education, based in Edina, MN. It holds $3.3M in total assets as of 2025.
Where does Carl and Holly Jones Family Foundation operate?
Carl and Holly Jones Family Foundation has awarded grants in Minnesota.
What is Carl and Holly Jones Family Foundation's EIN?
Carl and Holly Jones Family Foundation's EIN (Employer Identification Number) is 47-2243825. 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.
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