Creative Foundation
Creative Foundation is a private foundation, based in North Mankato, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $891K in total assets. In 2024, it awarded 2 grants totaling $2K. Net investment income was $10K.
Creative Foundation at a glance
In short: Creative Foundation gave $2K across 2 grants in 2024 (avg $1K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,350
- +135.0% vs 2023
- Grants made (2024)
- 2
- +100.0% vs 2023
- Average grant
- $1,175
- +17.5% vs 2023
- Median grant
- $1,175
- Total assets
- $890,655
- +84.3% vs 2023
- Primary geography
- Illinois (57% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Creative Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Ronald McDonald Charities ($1K). Together the top 2 received $2K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Creative Foundation gives
- Giving fell 99% from 2021 to 2024. Method
- In 2024 it paid out 423% 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 2021 to 2024, annual grant giving ranged from $1K (2023) to $204K (2021). In 2024 it made 2 grants totaling $2K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ronald McDonald Charities Chicago, IL | Literacy Gala | $1,350 |
| Links Players N Peach Ave Ste E, CA | Operations | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $890,655 | $538,849 | $140,795 | $2,350 | 2 | $133,496 | $9,748 | $31,579 |
| 2023 | $483,360 | $354,477 | $113,657 | $1,000 | 1 | $109,630 | — | $10,651 |
| 2022 | $235,460 | $386,573 | $190,630 | — | — | $189,420 | — | $5,816 |
| 2021 | $27,465 | $20,001 | $214,817 | $204,342 | 1 | $209,439 | — | $5,225 |
| 2020 | $170,842 | $4,428 | $7,261 | — | — | — | $4,428 | $9,103 |
Under IRS private-foundation payout rules, Creative Foundation reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Creative Foundation is led by George Peterson Jr., President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
George Peterson Jr.
President
On filings since 2020
0 hrs/week
No compensation reported
Timothy Cain
Trustee
On filings since 2021
0 hrs/week
No compensation reported
Rod Meyer
Trustee
On filings since 2022
0 hrs/week
No compensation reported
Tim Peterson
Trustee
New on the 2024 filing
0 hrs/week
No compensation reported
Kristin Peterson Cain
Treasurer & Secretary
Secretary → Treasurer & Secretary, 2021
On filings since 2020
0 hrs/week
No compensation reported
Former officers (2)
- Former: Cindy Amoroso (2023) — Trustee
- Former: Timothy Peterson (2020–2022) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Creative Foundation
How much does Creative Foundation give each year?
Creative Foundation gave $2K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1K across 1 grant.
How large is Creative Foundation?
Creative Foundation reported $891K in total assets on its 2024 IRS Form 990-PF. It paid out $133K in qualifying distributions that year, against a required minimum of $32K (roughly 5% of its investment assets).
Where does Creative Foundation operate?
Creative Foundation has awarded grants in California, Illinois, Minnesota.
What is Creative Foundation's EIN?
Creative Foundation's EIN (Employer Identification Number) is 23-7456793. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in Creative Foundation's focus areas in our free grants database
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