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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
7
Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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