Fiat Foundation

Private foundation · Grantmaker Wayzata, MN EIN: 93-3743316

Fiat Foundation is a private foundation focused on Human Services, based in Wayzata, MN. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $7K in total assets. In 2024, it awarded 9 grants totaling $24K.

Key facts about Fiat Foundation

In short: Fiat Foundation gave $24K across 9 grants in 2024 (avg $3K), top state Oregon. Source: 2024 IRS Form 990-PF.

EIN
93-3743316
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$23,810
Grants made (2024)
9
Average grant
$2,646
Median grant
$1,000
Total assets
$7,141
Primary geography
Oregon (44% of itemized 2024 grant dollars)

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

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7K

+14777.1% YoY

Annual Giving

$24K

+43.0% YoY

Grant Count

9

+350.0% YoY

Avg Grant Size

$3K

-68.2% YoY

Under IRS private-foundation payout rules, Fiat Foundation reported a distributable amount of $204 for 2024 — the minimum it must pay out in qualifying distributions.

How Fiat Foundation gives

  • In 2024 it paid out well above 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

4states

Share of 2024 grant dollars across all 9 itemized grants.

Cities

MinneapolisSt. PaulEdinaMadisonMaple GroveSalemSan FranciscoSt Louis ParkWestboro

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K2 grants2023 9 grants2024

From 2023 to 2024, annual grant giving ranged from $17K (2023) to $24K (2024). In 2024 it made 9 grants totaling $24K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Ywam Salem: $10KYwam Salem$10KPulse Ministries: $5KPulse Ministries$5KForest Springs: $5KForest Springs$5KEdina Firefighters: $1KEdina Firefighters$1KBethel University: $1KBethel University$1KMatter: $550Matter$550Food for Soul: $500Food for Soul$500Rotary Club of Maple Grove: $200Rotary Club of Maple Grove$200Girl Scouts: $120Girl Scouts$120

The largest 2024 recipient was Ywam Salem ($10K). Together the top 9 received $24K.

Grant Size Distribution

11 grants across all recorded years

11<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 11 grants of 11 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Ywam Salem Salem, ORGeneral Purpose$10,440
Pulse Ministries Minneapolis, MNGeneral Purpose$5,000
Forest Springs Westboro, WIGeneral Purpose$5,000
Edina Firefighters Edina, MNGeneral Purpose$1,000
Bethel University St. Paul, MNGeneral Purpose$1,000
Matter St Louis Park, MNGeneral Purpose$550
Food for Soul San Francisco, CAGeneral Purpose$500
Rotary Club of Maple Grove Maple Grove, MNGeneraql Purpose$200
Girl Scouts St. Paul, MNGeneral Purpose$120

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
$0$10K$20K$30K$40K2023 2024
Metric20242023
Total Assets$7,141$48
Revenue$31,000$16,700
Expenses$23,907$16,652
Qualifying Distributions$23,907$16,652
Distributable Amount$204$2

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2023–2024

Leadership & Key People

Officers and directors from IRS filings

Fiat Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Ashley Milot

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Bradly Gotto

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Christy Gotto

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2023–2024. "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 Fiat Foundation

How much does Fiat Foundation give each year?

Fiat Foundation gave $24K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $17K across 2 grants.

What is Fiat Foundation's typical grant size?

Fiat Foundation's median grant in 2024 was $1,000, and its average grant was $2,646, across 9 grants on its 2024 IRS Form 990-PF.

Where does Fiat Foundation give grants?

Fiat Foundation's top state is Oregon, with 44% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Minnesota (33%) and Wisconsin (21%). The most frequent recipient cities were St. Paul, MN (2 grants).

Does Fiat Foundation give general operating support?

Yes: 89% of Fiat Foundation's 2024 grants with a stated purpose (8 of 9) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Fiat Foundation's largest grantees?

Fiat Foundation's largest 2024 grantees include Ywam Salem ($10,440), Pulse Ministries ($5,000) and Forest Springs ($5,000), according to its 2024 IRS Form 990-PF. Together they received 86% of its itemized 2024 grant dollars.

How large is Fiat Foundation?

Fiat Foundation reported $7K in total assets on its 2024 IRS Form 990-PF. It paid out $24K in qualifying distributions that year, against a required minimum of $204 (roughly 5% of its investment assets).

What is Fiat Foundation?

Fiat Foundation is a private foundation focused on Human Services, based in Wayzata, MN. It holds $7K in total assets as of 2024.

What is Fiat Foundation's EIN?

Fiat Foundation's EIN (Employer Identification Number) is 93-3743316. IRS Form 990 filing data is available on this page for 2023–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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