Genfinity Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COOK, MN. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 17 grants totaling $145K. Net investment income was $138K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
+2.1% YoY
Annual Giving
$145K
+126.2% YoY
Grant Count
17
+466.7% YoY
Avg Grant Size
$9K
-60.1% YoY
Under IRS private-foundation payout rules, Genfinity Foundation Inc reported a distributable amount of $112K for 2024 — the minimum it must pay out in qualifying distributions.
About Genfinity Foundation Inc
Based on IRS filings
Genfinity Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COOK, MN. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 17 grants totaling $145K. Net investment income was $138K.
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 | $2,206,480 | $2,160,079 | — |
| Revenue | $150,324 | $2,237,151 | — |
| Expenses | $182,590 | $77,072 | — |
| Qualifying Distributions | $171,613 | $68,093 | — |
| Net Investment Income | $137,804 | $65,325 | — |
| Distributable Amount | $112,246 | — | — |
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
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include United Way of Ne Mn ($20,000), Crohns Colitis Foundation ($20,000), Student Scholarships ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ANIMAL ALLIES DULUTH, MN | ANIMAL CARE | $5,000 |
| MILLER DWAN FOUNDATION DULUTH, MN | PROMOTION OF ADAPTIVE RECREATION FOR DISABLED | $5,000 |
| MINNESOTA LAND TRUST SAINT PAUL, MN | PRESERVATION AND CONSERVATION OF SENSITIVE LANDS | $5,000 |
| AMERICAN RED CROSS BOONE, IA | GENERAL PUBLIC AID IN NATURAL DISASTERS | $5,000 |
| MN DENTAL FOUNDATION MINNEAPOLIS, MN | PROMOTION OF PUBLIC DENTAL HEALTH | $5,000 |
| MARSHALL SCHOOL DULUTH, MN | PUBLIC EDUCATION | $5,000 |
| KIJANA EDUCATIONAL EMP INITIATIVE NORTH PALM BEACH, FL | EDUCATION FOR POOR CHILDREN IN UNDEVELOPED AREAS | $15,000 |
| VOLUNTEERS IN EDUCATION VIRGINIA, MN | PUBLIC EDUCATION | $10,000 |
| UNITED WAY OF NE MN CHISHOLM, MN | AIDING PEOPLE IN NEED | $20,000 |
| THE GATHERING PLACE DENVER, CO | AID TO POOR AND HOMELESS | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY HANSON | DIRECTOR | 1 | — |
| SIGNE HANSON | BOARD MEMBER | — | — |
| WILLIAM HANSON | DIRECTOR | — | — |
| CARA HANSON | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Genfinity Foundation Inc?
Genfinity Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COOK, MN. It holds $2.2M in total assets as of 2024.
How large is Genfinity Foundation Inc?
As of 2024, Genfinity Foundation Inc holds $2.2M in total assets with $150K in annual revenue. It awarded 17 grants totaling $145K in 2024.
Where does Genfinity Foundation Inc operate?
Genfinity Foundation Inc has awarded grants in Colorado, Florida, Iowa, Minnesota, Montana, North Dakota, New York, Virginia.
What size grants does Genfinity Foundation Inc award?
In 2024, Genfinity Foundation Inc awarded 17 grants totaling $145K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Genfinity Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Genfinity Foundation Inc reported a distributable amount of $112K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Genfinity Foundation Inc's EIN?
Genfinity Foundation Inc's EIN (Employer Identification Number) is 88-3199349. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Genfinity Foundation Inc'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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