Granite Partners Foundation of Minnesota
Granite Partners Foundation of Minnesota is a private foundation that supports charitable organizations and initiatives. Its 2024 filing lists Wilmington, Delaware, as its location; Granite Partners describes its own firm as based in St. Cloud, Minnesota.
Key facts about Granite Partners Foundation of Minnesota
In short: Granite Partners Foundation of Minnesota gave $576K across 125 grants in 2024 (avg $5K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- EIN
- 88-2344940
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $575,954
- Grants made (2024)
- 125
- Average grant
- $4,608
- Median grant
- $1,000
- Total assets
- $2,039,962
- Primary geography
- Minnesota (97% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
+72.9% YoY
Annual Giving
$576K
+1.0% YoY
Grant Count
125
+25.0% YoY
Avg Grant Size
$5K
-19.2% YoY
Under IRS private-foundation payout rules, Granite Partners Foundation of Minnesota reported a distributable amount of $97K for 2024 — the minimum it must pay out in qualifying distributions.
How Granite Partners Foundation of Minnesota gives
- 66% of 2024 grantees were also funded in 2023. Method
- In 2024 it paid out 610% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No separate mission statement for the foundation is provided. Granite Partners says its community-giving priorities include arts and culture, community development, economic development, education and training, environmental stewardship, health and wellbeing, and youth development.
Its 2024 grants included support for organizations working in areas such as regional development, community wellbeing, and services for people affected by relationship abuse. For example, the Initiative Foundation describes its mission as empowering people to build thriving communities and a vibrant region across Central Minnesota. Active Central MN says it promotes wellbeing through community-wide support of healthy, active lives. Anna Marie’s Alliance says it provides education, intervention, and advocacy to people affected by relationship abuse.
Grantmaking
In 2024, the foundation reported 125 grants totaling $575,954. Awards ranged from $104 to $120,000, with a median grant of $1,000. Its largest grants included $120,000 to the Initiative Foundation for its Initiators program, $63,000 to United Way of Central Minnesota for a corporate fund, $50,000 to Greater St. Cloud Development Corporation for general and unrestricted support, and $40,000 to Active Central MN for general and unrestricted support. Other listed awards included $30,000 to Big Brothers-Big Sisters of Central Minnesota and $15,000 to St. Cloud Technical and Community College Foundation.
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Geographic Focus
Where this funder awards grants
The 2024 filing shows that 97% of grant dollars went to Minnesota recipients, 2% to New York, and 1% to Illinois. Listed recipients include organizations in Central Minnesota, as well as a recipient in Rochester, New York.
Grant Distribution by State
Share of 2024 grant dollars across all 125 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $570K (2023) to $576K (2024). In 2024 it made 125 grants totaling $576K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Initiative Foundation ($130K across 2 grants). Together the top 10 received $414K.
Grant Size Distribution
225 grants across all recorded years
The most common grant size was under $50K: 219 grants of 225 (97%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Initiative Foundation Little Falls, MN | Initiators program | $120,000 |
| United Way of Central Minnesota Saint Cloud, MN | Corporate fund | $63,000 |
| Greater St Cloud Development Corporation Saint Cloud, MN | General & Unrestricted | $50,000 |
| Active Central MN Waite Park, MN | General & Unrestricted | $40,000 |
| Big Brothers-Big Sisters of Central Minnesota Inc Saint Cloud, MN | BIG Partners fund | $30,000 |
| St Cloud Technical and Community College Foundatio Saint Cloud, MN | Charitable Event | $15,000 |
| Anna Maries Alliance Saint Cloud, MN | General & Unrestricted | $10,000 |
| Greater St Cloud Development Corporation Saint Cloud, MN | Charitable Event | $10,000 |
| Greater St Cloud Development Corporation Saint Cloud, MN | Charitable Event | $10,000 |
| Initiative Foundation Little Falls, MN | General & Unrestricted | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $2,039,962 | $1,482,092 | $622,114 | $575,954 (125 grants) |
| 2023 | $1,179,984 | $1,756,451 | $585,133 | $570,300 (100 grants) |
| 2022 | $8,666 | $15,010 | $6,344 | 0 grants |
The foundation’s 2024 filing states that it distributed $575,954 from sources other than current income, an amount equal to at least 25% of its net assets at the beginning of that tax year. It describes the distributions as resulting in a substantial contraction of assets.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,039,962 | $1,179,984 | $8,666 |
| Revenue | $1,482,092 | $1,756,451 | $15,010 |
| Expenses | $622,114 | $585,133 | $6,344 |
| Qualifying Distributions | $589,821 | $583,842 | $6,344 |
| Net Investment Income | $56,791 | $27,060 | $10 |
| Distributable Amount | $96,627 | $41,438 | $90 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Richard L. Bauerly as director and president; Michelle B. Kopel as director, secretary, and treasurer; and Gregory A. Schumacher as director.
Granite Partners Foundation of Minnesota is led by Richard L Bauerly, Director & President on every filing since 2022; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Richard L Bauerly
Director & President
On filings since 2022
1 hr/week
No compensation reported
Gregory A Schumacher
Director
On filings since 2022
1 hr/week
No compensation reported
Michelle B Kopel
Director, Secretary & Treasurer
On filings since 2022
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2022–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Website: https://granite.com
Frequently asked questions about Granite Partners Foundation of Minnesota
How much does Granite Partners Foundation of Minnesota give each year?
Granite Partners Foundation of Minnesota gave $576K across 125 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $570K across 100 grants.
What is Granite Partners Foundation of Minnesota's typical grant size?
Granite Partners Foundation of Minnesota's median grant in 2024 was $1,000, and its average grant was $4,608, across 125 grants on its 2024 IRS Form 990-PF.
Where does Granite Partners Foundation of Minnesota give grants?
Granite Partners Foundation of Minnesota gives mostly in Minnesota: 97% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Saint Cloud, MN (57 grants), Saint Paul, MN (11 grants), Waite Park, MN (5 grants) and Minneapolis, MN (5 grants).
Does Granite Partners Foundation of Minnesota give general operating support?
Yes: 45% of Granite Partners Foundation of Minnesota's 2024 grants with a stated purpose (56 of 125) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Charitable Event" (40 grants).
Who are Granite Partners Foundation of Minnesota's largest grantees?
Granite Partners Foundation of Minnesota's largest 2024 grantees include Initiative Foundation ($130,000 across 2 grants), Greater St Cloud Development Corporation ($70,500 across 4 grants) and United Way of Central Minnesota ($68,500 across 5 grants), according to its 2024 IRS Form 990-PF. Together they received 47% of its itemized 2024 grant dollars.
How large is Granite Partners Foundation of Minnesota?
Granite Partners Foundation of Minnesota reported $2.0M in total assets on its 2024 IRS Form 990-PF. It paid out $590K in qualifying distributions that year, against a required minimum of $97K (roughly 5% of its investment assets).
What does Granite Partners Foundation of Minnesota fund?
No separate mission statement for the foundation is provided. Granite Partners says its community-giving priorities include arts and culture, community development, economic development, education and training, environmental stewardship, health and wellbeing, and youth development. See mission & focus areas ↑
How do I apply for a grant from Granite Partners Foundation of Minnesota?
Granite Partners Foundation of Minnesota does not accept unsolicited proposals, according to Grantable's research on its published guidelines. Check granite.com for any change to that policy.
What is Granite Partners Foundation of Minnesota's EIN?
Granite Partners Foundation of Minnesota's EIN (Employer Identification Number) is 88-2344940. IRS Form 990 filing data is available on this page for 2022–2024.
Does Granite Partners Foundation of Minnesota accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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