TO ACHIEVE A GREATER GOOD FOR ALL THROUGH EFFECTIVE PHILANTHROPY THAT ADVANCES LONG-TERM AND SUSTAINABLE COMMUNITY CHANGE.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$146K
+888.8% YoY
Annual Giving
$280K
Grant Count
5
Avg Grant Size
$56K
About Foundation X
Based on IRS filings
Foundation X is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in MINNEAPOLIS, MN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $146K in total assets. In 2024, it awarded 5 grants totaling $280K. Net investment income was $741.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $146,002 | $14,766 | $34,325 |
| Revenue | $436,443 | $215,881 | $-1,717 |
| Expenses | $305,892 | $234,760 | $49,981 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $741 | $-119 | $-1,819 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Mcdonough Institute ($210,000), Bright Funds Foundation ($33,764), Foster Love ($18,532).
| Recipient | Purpose | Amount |
|---|---|---|
| BRIGHT FUNDS FOUNDATION SAN JOSE, CA | GENERAL PURPOSES | $33,764 |
| THE MCDONOUGH INSTITUTE WASHINGTON, DC | GENERAL PURPOSES | $210,000 |
| FOSTER LOVE BREA, CA | GENERAL PURPOSES | $18,532 |
| MATTER MINNEAPOLIS, MN | GENERAL PURPOSES | $9,750 |
| WILDFLYER COFFEE MINNEAPOLIS, MN | GENERAL PURPOSES | $7,803 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROB NELSON | PRESIDENT | 1 | — |
| SEAN BAENEN | VICE PRESIDENT | 1 | — |
| EMILY VENNERSTROM | SECRETARY & EXEC DIR | 5 | — |
| TODD MOSER | DIRECTOR | 1 | — |
| WARD ARMSTRONG | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Foundation X?
Foundation X is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in MINNEAPOLIS, MN. It holds $146K in total assets as of 2024.
How large is Foundation X?
As of 2024, Foundation X holds $146K in total assets with $436K in annual revenue. It awarded 5 grants totaling $280K in 2024.
Where does Foundation X operate?
Foundation X has awarded grants in California, District of Columbia, Illinois, Minnesota.
What size grants does Foundation X award?
In 2024, Foundation X awarded 5 grants totaling $280K — an average of about $56K per grant, based on its IRS Form 990 filings.
What is Foundation X's EIN?
Foundation X's EIN (Employer Identification Number) is 87-1331226. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Foundation X's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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