G2 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DEERWOOD, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 18 grants totaling $133K. Net investment income was $222K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
-6.4% YoY
Annual Giving
$133K
+6.0% YoY
Grant Count
18
-10.0% YoY
Avg Grant Size
$7K
+17.8% YoY
Under IRS private-foundation payout rules, G2 Foundation reported a distributable amount of $133K for 2024 — the minimum it must pay out in qualifying distributions.
About G2 Foundation
Based on IRS filings
G2 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DEERWOOD, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 18 grants totaling $133K. Net investment income was $222K.
Focus Areas
Ready to take the next step with G2 Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,384,549 | $2,547,315 | $2,283,100 |
| Revenue | $235,710 | $123,915 | $90,712 |
| Expenses | $148,393 | $139,617 | $149,242 |
| Qualifying Distributions | $135,837 | $128,550 | $129,587 |
| Net Investment Income | $222,273 | $110,019 | $78,993 |
| Distributable Amount | $132,594 | $119,285 | $122,314 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
88 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Heroes Outdoors ($20,000), Children's Health Care Dba Children's Hospitals & Clinics of Mn ($10,000), Feed My Starving Children Inc ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN HEROES OUTDOORS FARGO, ND | GENERAL SUPPORT | $20,000 |
| BRIDGES OF HOPE BRAINERD, MN | GENERAL SUPPORT | $5,000 |
| CHILDREN'S HEALTH CARE DBA CHILDREN'S HOSPITALS & CLINICS OF MN MINNEAPOLIS, MN | SUPPORT THE SPECIAL NEEDS OF CHILDREN AND THEIR FAMILIES | $10,000 |
| CROSS (CHRISTIANS REACHING OUT IN SOCIAL SERVICES) ROGERS, MN | GENERAL SUPPORT | $2,000 |
| FEED MY STARVING CHILDREN INC COON RAPIDS, MN | SUPPORT ELIMINATION OF STARVING CHILDREN THROUGH OUT THE WORLD | $10,000 |
| FISHING FOR LIFE MINNEAPOLIS, MN | PROVIDING OUTDOOR PROGRAMS TO THE COMMUNITY | $10,000 |
| FREE BOOK BUGGIE EAGAN, MN | GENERAL SUPPORT | $5,000 |
| FRIENDS OF THE EVERGLADES INC STUART, FL | SUPPORT CONSERVATION AND ENVIORNMENTAL EFFORTS | $5,000 |
| HOPEKIDS INC SCOTTSDALE, AZ | GENERAL SUPPORT | $10,000 |
| LAKES AREA INTERFAITH CAREGIVERS DBA FAITH IN ACTION BAXTER, MN | GENERAL SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NANCY BONNEMA | DIRECTOR AND PRESIDENT | 1 | — |
| SCOTT BONNEMA | DIRECTOR AND TREASURER | 1 | — |
| KEVIN BONNEMA | DIRECTOR | 1 | — |
| KATIE HUSEBOE | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is G2 Foundation?
G2 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DEERWOOD, MN. It holds $2.4M in total assets as of 2024.
How large is G2 Foundation?
As of 2024, G2 Foundation holds $2.4M in total assets with $236K in annual revenue. It awarded 18 grants totaling $133K in 2024.
Where does G2 Foundation operate?
G2 Foundation has awarded grants in Arizona, District of Columbia, Florida, Minnesota, North Carolina, North Dakota, Nebraska, New Hampshire, New York, Tennessee, Virginia.
What size grants does G2 Foundation award?
In 2024, G2 Foundation awarded 18 grants totaling $133K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is G2 Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, G2 Foundation reported a distributable amount of $133K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is G2 Foundation's EIN?
G2 Foundation's EIN (Employer Identification Number) is 27-4187776. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in G2 Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
Litchfield Student Anglers Club
LITCHFIELD, MN
Assets
$738
Grants
0
Total Given
—
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
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with G2 Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching G2 Foundation to a real strategy.