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
Share of 2024 grant dollars across all 9 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
The largest 2024 recipient was Ywam Salem ($10K). Together the top 9 received $24K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 11 grants of 11 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ywam Salem Salem, OR | General Purpose | $10,440 |
| Pulse Ministries Minneapolis, MN | General Purpose | $5,000 |
| Forest Springs Westboro, WI | General Purpose | $5,000 |
| Edina Firefighters Edina, MN | General Purpose | $1,000 |
| Bethel University St. Paul, MN | General Purpose | $1,000 |
| Matter St Louis Park, MN | General Purpose | $550 |
| Food for Soul San Francisco, CA | General Purpose | $500 |
| Rotary Club of Maple Grove Maple Grove, MN | Generaql Purpose | $200 |
| Girl Scouts St. Paul, MN | General Purpose | $120 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| 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
- 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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