Foundation X

Public charity · Grantmaker Minneapolis, MN EIN: 87-1331226

To achieve a greater good for all through effective philanthropy that advances long-term and sustainable community change.

Foundation X at a glance

In short: Foundation X gave $280K across 5 grants in 2024 (avg $56K), mostly in District of Columbia. Source: 2024 IRS Form 990.

Annual giving (2024)
$279,849
+21.5% vs 2023
Grants made (2024)
5
Average grant
$55,970
Median grant
$18,532
Total assets
$146,002
+888.8% vs 2023
Primary geography
District of Columbia (75% of itemized 2024 grant dollars)
Latest 990 filing
Form 990, 2024 View filing

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

Who Foundation X funds

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

The McDonough Institute: $210KThe McDonough Institute$210KBright Funds Foundation: $34KBright Funds Foundation$34KFoster Love: $19KFoster Love$19KMatter: $10KMatter$10KWildflyer Coffee: $8KWildflyer Coffee$8K

The largest 2024 recipient was The McDonough Institute ($210K). Together the top 5 received $280K.

Grant Size Distribution

9 grants across all recorded years

8<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 8 grants of 9 (89%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2024 grant dollars across all 5 itemized grants.

Cities

MinneapolisSan JoseBreaChicagoWashington

How Foundation X gives

  • Giving grew 270% from 2021 to 2024. Method

From the foundation's IRS Form 990 filings. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K3 grants2021 1 grant2022 Total only2023 5 grants2024

From 2021 to 2024, annual grant giving ranged from $26K (2022) to $280K (2024). In 2024 it made 5 grants totaling $280K.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
The McDonough Institute Washington, DCGeneral Purposes$210,000
Bright Funds Foundation San Jose, CAGeneral Purposes$33,764
Foster Love Brea, CAGeneral Purposes$18,532
Matter Minneapolis, MNGeneral Purposes$9,750
Wildflyer Coffee Minneapolis, MNGeneral Purposes$7,803
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsNet Investment Income
2024$146,002$436,443$305,892$279,8495$741
2023$14,766$215,881$234,760$230,358Total only$-119
2022$34,325$-1,717$49,981$25,8091$-1,819
2021$87,588$208,885$120,073$75,6503$1,183

"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.

About Foundation X

Based on IRS filings

Foundation X is a public charity, 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.

Leadership & Key People

Officers and directors from IRS filings

Foundation X is led by Emily Vennerstrom, Secretary & Executive Director on every filing since 2021; none of the 5 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Emily Vennerstrom

    Secretary & Executive Director

    On filings since 2021

    5 hrs/week

    No compensation reported

  • Rob Nelson

    President

    On filings since 2021

    1 hr/week

    No compensation reported

  • Todd Moser

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Ward Armstrong

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Sean Baenen

    Vice President

    On filings since 2021

    1 hr/week

    No compensation reported

Former officers (2)
  • Former: Jessica Huggenvik (2022–2023) — Director
  • Former: Sumit Mehta (2021–2022) — Treasurer

Data from IRS Form 990 filings, 2021–2024. "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 Foundation X

How much does Foundation X give each year?

Foundation X gave $280K across 5 grants in 2024, according to its 2024 IRS Form 990. In 2023 it reported $230K in grants paid.

What is Foundation X's typical grant size?

Foundation X's median grant in 2024 was $18,532, and its average grant was $55,970, across 5 grants on its 2024 IRS Form 990.

Where does Foundation X give grants?

Foundation X gives mostly in District of Columbia: 75% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest states were California (19%) and Minnesota (6%). The most frequent recipient cities were Minneapolis, MN (2 grants).

Does Foundation X give general operating support?

Yes: 100% of Foundation X's 2024 grants with a stated purpose (5 of 5) were for general or operating support, per its 2024 IRS Form 990.

Who are Foundation X's largest grantees?

Foundation X's largest 2024 grantees include The McDonough Institute ($210,000), Bright Funds Foundation ($33,764) and Foster Love ($18,532), according to its 2024 IRS Form 990. Together they received 94% of its itemized 2024 grant dollars.

How large is Foundation X?

Foundation X reported $146K in total assets on its 2024 IRS Form 990. Its revenue that year was $436K.

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.

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

Data update history

(5)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
  2. Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
  3. Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
  4. Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
  5. IRS filings on file for fiscal years 2021–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Foundation X's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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