Cowin O Ray Foundation
Cowin O Ray Foundation is a private foundation, based in Eagan, MN. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $281K in total assets. In 2025, it awarded 1 grant totaling $8K. Net investment income was $21K.
Cowin O Ray Foundation at a glance
In short: Cowin O Ray Foundation gave $8K across 1 grant in 2025 (avg $8K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $7,823
- -47.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $7,823
- -47.0% vs 2024
- Median grant
- $7,823
- Total assets
- $281,162
- +3.9% vs 2024
- Primary geography
- California (100% 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 Cowin O Ray Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Salvation Army West Territorial ($8K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Cowin O Ray Foundation gives
- Giving fell 52% from 2022 to 2025. Method
- In 2025 it paid out 60% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2021 to 2025, annual grant giving ranged from $8K (2025) to $16K (2022). In 2025 it made 1 grant totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Salvation Army West Territorial Rancho Palos Verdes, CA | General Operating | $7,823 |
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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 | $281,162 | $25,520 | $14,854 | $7,823 | 1 | $9,871 | $20,706 | $16,496 |
| 2024 | $270,500 | $10,900 | $21,253 | $14,769 | 1 | $16,775 | $5,005 | $14,936 |
| 2023 | $280,854 | $7,231 | $22,453 | $14,686 | 1 | $18,178 | $3,299 | $14,548 |
| 2022 | $296,077 | $13,044 | $30,445 | $16,149 | 1 | $16,736 | $7,911 | $17,454 |
| 2021 | $313,439 | $58,816 | $17,730 | $10,890 | 1 | — | $54,049 | $16,540 |
Under IRS private-foundation payout rules, Cowin O Ray Foundation reported a distributable amount of $16K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Cowin O Ray Foundation's only listed officer is US Bank N A, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
On filings since 2023
1 hr/week
$5K (2023) → $5K (2025)
Former officers (1)
- Former: US Bank (2021–2022) — Trustee
Data from IRS Form 990 filings, 2021–2025. "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 $5K, to US Bank N a (Trustee).
Frequently asked questions about Cowin O Ray Foundation
How much does Cowin O Ray Foundation give each year?
Cowin O Ray Foundation gave $8K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $15K across 1 grant.
How large is Cowin O Ray Foundation?
Cowin O Ray Foundation reported $281K in total assets on its 2025 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $16K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Cowin O Ray Foundation operate?
Cowin O Ray Foundation has awarded grants in California, Washington.
What is Cowin O Ray Foundation's EIN?
Cowin O Ray Foundation's EIN (Employer Identification Number) is 91-1228785. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 10, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 7, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 29, 2024)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 10, 2026)
- IRS filings on file for fiscal years 2021–2024
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