DV Foundation
DV Foundation is a private foundation, based in St. Paul, MN. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $2.2M in total assets. In 2025, it awarded 8 grants totaling $454K. Net investment income was $152K.
DV Foundation at a glance
In short: DV Foundation gave $454K across 8 grants in 2025 (avg $57K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $454,000
- +12.9% vs 2024
- Grants made (2025)
- 8
- -27.3% vs 2024
- Average grant
- $56,750
- +55.2% vs 2024
- Median grant
- $37,500
- Total assets
- $2,230,409
- -12.0% vs 2024
- Primary geography
- Minnesota (78% 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 DV Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Mayo Clinic ($250K). Together the top 8 received $454K.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 20 grants of 26 (77%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How DV Foundation gives
- In 2025 it paid out 299% 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 2023 to 2025, annual grant giving ranged from $190K (2023) to $454K (2025). In 2025 it made 8 grants totaling $454K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mayo Clinic Rochester, MN | General Use of Charity | $250,000 |
| Planned Parenthood Action Fund Washington, DC | General Use of Charity | $50,000 |
| Trustees of Columbia University New York, NY | General Use of Charity | $50,000 |
| Breck School Golden Valley, MN | General Use of Charity | $50,000 |
| Northern Star Scouting Fort Snelling, MN | General Use of Charity | $25,000 |
| Friends of Saint Paul College Saint Paul, MN | General Use of Charity | $20,000 |
| Charles Wittwer Wheelchair Plymouth, MN | General Use of Charity | $8,000 |
| Misty Copeland Foundation New York, NY | General Use of Charity | $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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,230,409 | $174,615 | $479,462 | $454,000 | 8 | $454,000 | $152,073 | $151,824 |
| 2024 | $2,535,256 | $799,051 | $417,046 | $402,166 | 11 | $402,166 | $785,551 | $147,910 |
| 2023 | $2,863,208 | $883,883 | $200,679 | $190,000 | 7 | $190,000 | $883,617 | $134,030 |
| 2022 | $3,132,672 | $3,142,962 | — | — | — | — | $2,327 | $26,351 |
Under IRS private-foundation payout rules, DV Foundation reported a distributable amount of $152K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
DV Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Darin Opperman
Trustee
On filings since 2022
No compensation reported
Vance Opperman
Trustee
On filings since 2022
No compensation reported
Charles Thell
Trustee
On filings since 2023
No compensation reported
Data from IRS Form 990 filings, 2022–2025. "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 DV Foundation
How much does DV Foundation give each year?
DV Foundation gave $454K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $402K across 11 grants.
What is DV Foundation's typical grant size?
DV Foundation's median grant in 2025 was $37,500, and its average grant was $56,750, across 8 grants on its 2025 IRS Form 990-PF.
Where does DV Foundation give grants?
DV Foundation gives mostly in Minnesota: 78% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New York (11%) and District of Columbia (11%). The most frequent recipient cities were New York, NY (2 grants).
Does DV Foundation give general operating support?
Yes: 100% of DV Foundation's 2025 grants with a stated purpose (8 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are DV Foundation's largest grantees?
DV Foundation's largest 2025 grantees include Mayo Clinic ($250,000), Planned Parenthood Action Fund ($50,000) and Trustees of Columbia University ($50,000), according to its 2025 IRS Form 990-PF. Together they received 77% of its itemized 2025 grant dollars.
How large is DV Foundation?
DV Foundation reported $2.2M in total assets on its 2025 IRS Form 990-PF. It paid out $454K in qualifying distributions that year, against a required minimum of $152K (roughly 5% of its investment assets).
What is DV Foundation's EIN?
DV Foundation's EIN (Employer Identification Number) is 92-0636542. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2022–2024
Explore Open Grants
Browse active grant opportunities in DV Foundation's focus areas in our free grants database
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