Granite Partners Foundation of Minnesota
Granite Partners Foundation of Minnesota is a corporate foundation based in Wilmington, Delaware. Established in 2023, it operates as a 501(c)(3) exempt private foundation with a focus on charitable grantmaking across multiple sectors.
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.
Mission & Focus Areas
The foundation primarily funds general and unrestricted charitable initiatives. Key funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Community & Civic Engagement
- Community Development
- Programs for women and girls
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Minnesota, Virginia, and Illinois, with notable activity in Central Minnesota communities.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $2,039,962
- Total revenues: $1,482,092
- Total expenses: $622,114
- Total giving: $575,954
| 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 |
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
100 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Greater St Cloud Development Corporation ($50,000), Active Central Mn ($40,000), Big Brothers-big Sisters of Central Minnesota Inc ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AAUW OF MINNESOTA INC ROCHESTER, MN | Charitable Event | $1,000 |
| ACTIVE CENTRAL MN WAITE PARK, MN | General & Unrestricted | $40,000 |
| AIM HIGHER FOUNDATION SAINT PAUL, MN | General & Unrestricted | $1,000 |
| AIM HIGHER FOUNDATION SAINT PAUL, MN | Charitable Event | $2,000 |
| ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI CHICAGO, IL | Charitable Event | $2,500 |
| AMERICAN DIABETES ASSOCIATION INC MERRIFIELD, VA | Charitable Event | $1,000 |
| AMHERST H WILDER FOUNDATION ST PAUL, MN | Minnesota Compass fund | $5,000 |
| ANNA MARIES ALLIANCE SAINT CLOUD, MN | Charitable Event | $1,000 |
| ANNA MARIES ALLIANCE SAINT CLOUD, MN | General & Unrestricted | $10,000 |
| AUTISM RESOURCE GUIDE ROCHESTER, MN | General & Unrestricted | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Richard L Bauerly | Dir, Pres | 1 | — |
| Michelle B Kopel | Dir, Sec, Treas | 1 | — |
| Gregory A Schumacher | Dir | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has been active in supporting community initiatives, including programs benefiting women and girls in Central Minnesota. It has made significant contributions to regional organizations including the Initiative Foundation and United Way of Central Minnesota.
Foundation awards $1.3M in \uFEFFfourth quarter grants - Brainerd Dispatch\Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Granite Partners Foundation of Minnesota fund?
The foundation primarily funds general and unrestricted charitable initiatives. Key funding areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Community & Civic Engagement • Community Development • Programs for women and girls
How do I apply for a grant from Granite Partners Foundation of Minnesota?
**Grant Activity:** • Made 100 grants in 2024 • Total giving in 2024: $575,954 • Typical award range: $100,000–$120,000 **Recent Grants (2024):** • Initiative Foundation (Initiators Program): $120,000 • United Way of Central Minnesota (Corporate Fund): $63,000 • Greater St Cloud Development Corporation (General & Unrestricted): $50,000
Where does Granite Partners Foundation of Minnesota make grants?
The foundation primarily funds organizations in Minnesota, Virginia, and Illinois, with notable activity in Central Minnesota communities.
What size grants does Granite Partners Foundation of Minnesota award?
In 2024, Granite Partners Foundation of Minnesota awarded 125 grants totaling $576K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Granite Partners Foundation of Minnesota required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Granite Partners Foundation of Minnesota reported a distributable amount of $97K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Granite Partners Foundation of Minnesota's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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