Diamondbuilder Foundation

Foundation · Grantmaker Minnetonka, MN EIN: 20-3935610

Diamondbuilder Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Minnetonka, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $300K in total assets. In 2024, it awarded 9 grants totaling $58K. Net investment income was $49K.

Key facts about Diamondbuilder Foundation

EIN: 20-3935610
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $58,052
Grants made (2024): 9
Average grant: $6,450
Median grant: $2,200
Total assets: $299,886
Primary geography: Minnesota (71% of itemized 2024 grant dollars)

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

Who Diamondbuilder Foundation funds

By grant dollars, the top recipient states for Diamondbuilder Foundation's 9 itemized 2024 grants were Minnesota (71%), Colorado (17%) and Texas (9%). The most frequent recipient cities were Colorado Springs, CO (3 grants) and Minnetonka, MN (2 grants). 100% of grants with a stated purpose were for general or operating support.

How Diamondbuilder Foundation gives

Giving fell 22% from 2021 to 2024. Method
In 2024 it paid out 281% of its IRS minimum distribution (the 5% rule). Method

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

Next steps with Diamondbuilder Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$300K

-3.9% YoY

Annual Giving

$58K

-0.6% YoY

Grant Count

-25.0% YoY

Avg Grant Size

$6K

+32.5% YoY

Under IRS private-foundation payout rules, Diamondbuilder Foundation reported a distributable amount of $21K for 2024 — the minimum it must pay out in qualifying distributions.

About Diamondbuilder Foundation

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 $41K (71%)

Colorado $10K (17%)

Texas $5K (9%)

Florida $2K (4%)

Share of all 9 itemized 2024 grant dollars.

States

California Colorado Florida Minnesota Texas

Cities

Colorado SpringsMinnetonkaHopkinsCedar ParkOrlandoCarverAlbert LeaMedinaPlymouthPoway

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$299,886	$311,993	$356,493
Revenue	$54,731	$22,630	$26,070
Expenses	$66,838	$67,130	$69,669
Qualifying Distributions	$58,052	$58,412	$60,450
Net Investment Income	$48,745	$16,573	$19,596
Distributable Amount	$20,677	$22,187	$25,768

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 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 9 recipients in 2024

Grant Size Distribution

50 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Ridgewood Church ($27,252), Common Ground Consultants ($13,200), New Horizons ($7,800).

Recipient	Purpose	Amount
RIDGEWOOD CHURCH Minnetonka, MN	GENERAL ASSISTANCE	$27,252
COMMON GROUND CONSULTANTS Hopkins, MN	GENERAL ASSISTANCE	$13,200
NEW HORIZONS Colorado Springs, CO	GENERAL ASSISTANCE	$7,800
EMPOWERING LEADERSHIP INT Cedar Park, TX	GENERAL ASSISTANCE	$5,100
CRU Orlando, FL	GENERAL ASSISTANCE	$2,200
4 GENS Colorado Springs, CO	GENERAL ASSISTANCE	$1,000
ONE CHALLENGE Colorado Springs, CO	GENERAL ASSISTANCE	$1,000
REDEEMER BIBLE CHURCH Minnetonka, MN	GENERAL ASSISTANCE	$300
PLYMOUTH COVENANT CHURCH Plymouth, MN	GENERAL ASSISTANCE	$200

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
Rick C Heupel	Director, President and Tr	6	—
Mavis R Heupel	Director, VP and Secretary	—	—
Lisa a Heupel	Director	—	—
Scott C Heupel	Director	—	—
Laura E Heupel	Director	—	—
Lindsay M Heupel	Director	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Diamondbuilder Foundation?

Diamondbuilder Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Minnetonka, MN. It holds $300K in total assets as of 2024.

How large is Diamondbuilder Foundation?

As of 2024, Diamondbuilder Foundation holds $300K in total assets with $55K in annual revenue. It awarded 9 grants totaling $58K in 2024.

Where does Diamondbuilder Foundation operate?

Diamondbuilder Foundation has awarded grants in California, Colorado, Florida, Minnesota, Texas.

What size grants does Diamondbuilder Foundation award?

In 2024, Diamondbuilder Foundation awarded 9 grants totaling $58K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is Diamondbuilder Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Diamondbuilder Foundation reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.