Gold Bay Foundation
Gold Bay Foundation is a Form 990-PF (a private foundation) based in Minneapolis, Minnesota. In 2024, it reported 11 grants totaling $2,526,000, including grants to charitable organizations in Florida, Minnesota, and Wisconsin.
Gold Bay Foundation at a glance
In short: Gold Bay Foundation gave $2.5M across 11 grants in 2024 (avg $230K), mostly in Florida. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,526,000
- +167.3% vs 2023
- Grants made (2024)
- 11
- -15.4% vs 2023
- Average grant
- $229,636
- +215.9% vs 2023
- Median grant
- $10,000
- Total assets
- $32,297,789
- +4.8% vs 2023
- Primary geography
- Florida (93% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Gold Bay Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 729 N Washington Ave, Minneapolis, MN 55401
Phone: (612) 328-9924
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Gold Bay Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Schwab Charitable ($2.4M). Together the top 9 received $2.5M.
Grant Size Distribution
73 grants across all recorded years
The most common grant size was under $50K: 52 grants of 73 (71%).
Geographic Focus
Where this funder awards grants
The 2024 filing reports that grant dollars by recipient state were 93% to Florida, 7% to Minnesota, and less than 1% to Wisconsin.
Grant Distribution by State
Share of 2024 grant dollars across all 11 itemized grants.
States
Cities
How Gold Bay Foundation gives
- Giving grew 43% from 2021 to 2024. Method
- In 2024 it paid out 173% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $945K (2023) to $2.5M (2024). In 2024 it made 11 grants totaling $2.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Schwab Charitable Orlando, FL | General Operating Support | $2,350,000 |
| Minnesota Orchestral Association Minneapolis, MN | Partner with A Section | $100,000 |
| Minnesota Orchestral Association Minneapolis, MN | Fund the Music | $25,000 |
| Minnesota Orchestral Association Minneapolis, MN | 2024 Symphony Ball | $10,000 |
| Temple of Israel Minneapolis, MN | Voices 2024 | $10,000 |
| Scandia Heritage Alliance Scandia, MN | Support for the Water Tower Barn | $10,000 |
| Wild Rivers Conservancy of the St Croix St Croix Falls, WI | General Operating Support | $10,000 |
| Friends of Hennepin County Library Minneapolis, MN | General Operating Support | $5,000 |
| University of Minnesota Foundation Minneapolis, MN | Solar Vehicle Project | $2,500 |
| Friends of St Paul Public Library Saint Paul, MN | General Operating Support | $2,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $32,297,789 | $2,486,468 | $2,903,540 | $2,526,000 | 11 | $2,648,102 | $2,293,651 | $1,529,948 |
| 2023 | $30,804,940 | $802,452 | $1,263,241 | $945,002 | 13 | $1,061,074 | $351,190 | $1,434,219 |
| 2022 | $28,029,739 | $1,324,453 | $2,295,836 | $1,950,656 | 25 | $2,075,783 | $1,221,254 | $1,490,954 |
| 2021 | $34,529,530 | $1,846,791 | $2,079,526 | $1,770,300 | 16 | $1,886,704 | $1,658,606 | $1,603,269 |
| 2020 | $30,625,118 | $855,428 | $2,135,034 | $1,861,000 | 8 | — | $635,818 | $1,387,754 |
Under IRS private-foundation payout rules, Gold Bay Foundation reported a distributable amount of $1.5M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included support for a symphony orchestra, a heritage organization, libraries, a university-affiliated foundation, and other charitable organizations. The Minnesota Orchestral Association describes its mission as enriching, inspiring, and serving its community as an enduring symphony orchestra recognized internationally for artistic excellence. Scandia Heritage Alliance says it works to preserve and celebrate Scandia, Minnesota’s history, culture, arts, and rural character. The University of Minnesota Foundation describes itself as supporting the University of Minnesota by connecting passion with possibility, inspiring generosity, and supporting the university.
Grantmaking
In 2024, the foundation made 11 grants totaling $2,526,000. Grant amounts ranged from $1,000 to $2,350,000, with a median of $10,000. The largest grant was $2,350,000 to Schwab Charitable in Orlando, Florida, for general operating support.
Other notable 2024 grants included $100,000 to the Minnesota Orchestral Association for “Partner with A Section,” $25,000 to the association for “Fund the Music,” and $10,000 to the association for the “2024 Symphony Ball.” Scandia Heritage Alliance received $10,000 for support for the Water Tower Barn.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Barbara Gold Lurie as president and director, and Keith Lurie as treasurer, secretary, and director.
Gold Bay Foundation is led by Barbara Gold Lurie, President & Director on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Barbara Gold Lurie
President & Director
On filings since 2020
1 hr/week
No compensation reported
Keith Lurie
Treasurer, Secretary & Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Gold Bay Foundation
How much does Gold Bay Foundation give each year?
Gold Bay Foundation gave $2.5M across 11 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $945K across 13 grants.
What is Gold Bay Foundation's typical grant size?
Gold Bay Foundation's median grant in 2024 was $10,000, and its average grant was $229,636, across 11 grants on its 2024 IRS Form 990-PF.
Where does Gold Bay Foundation give grants?
Gold Bay Foundation gives mostly in Florida: 93% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Minnesota (7%). The most frequent recipient cities were Minneapolis, MN (7 grants).
Does Gold Bay Foundation give general operating support?
Yes: 45% of Gold Bay Foundation's 2024 grants with a stated purpose (5 of 11) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Gold Bay Foundation's largest grantees?
Gold Bay Foundation's largest 2024 grantees include Schwab Charitable ($2,350,000), Minnesota Orchestral Association ($135,000 across 3 grants) and Temple of Israel ($10,000), according to its 2024 IRS Form 990-PF. Together they received 99% of its itemized 2024 grant dollars.
How large is Gold Bay Foundation?
Gold Bay Foundation reported $32.3M in total assets on its 2024 IRS Form 990-PF. It paid out $2.6M in qualifying distributions that year, against a required minimum of $1.5M (roughly 5% of its investment assets).
What does Gold Bay Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants included support for a symphony orchestra, a heritage organization, libraries, a university-affiliated foundation, and other charitable organizations. See mission & focus areas ↑
How do I apply for a grant from Gold Bay Foundation?
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Gold Bay Foundation's EIN?
Gold Bay Foundation's EIN (Employer Identification Number) is 47-4002921. IRS Form 990 filing data is available on this page for 2020–2024.
Does Gold Bay Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Gold Bay Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Gold Bay Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Gold Bay Foundation funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/gold-bay-foundation-morg_f6d044d16ad84d60ad06566e7784481f
BibTeX
@misc{grantable_474002921_2026,
author = {{Grantable}},
title = {{Gold Bay Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/gold-bay-foundation-morg_f6d044d16ad84d60ad06566e7784481f},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Gold Bay Foundation'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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