Heartfirst Charitable Foundation

Public charity · Grantmaker Woodbury, MN EIN: 20-8720916

To advance, support, promote and administer charitable activities, causes and projects of every kind and nature whatsoever on the foundation's own behalf or in partnership with other 501(c)(3) organizations.

Heartfirst Charitable Foundation at a glance

In short: Heartfirst Charitable Foundation gave $50K across 1 grant in 2024 (avg $50K), mostly in District of Columbia. Source: 2024 IRS Form 990.

Annual giving (2024)
$50,000
-50.0% vs 2023
Grants made (2024)
1
+0.0% vs 2023
Average grant
$50,000
-50.0% vs 2023
Median grant
$50,000
Total assets
$746,503
+13.3% vs 2023
Primary geography
District of Columbia (100% of itemized 2024 grant dollars)
Latest 990 filing
Form 990, 2024 View filing

Data from IRS Form 990, 2024; updated September 2026.

Who Heartfirst Charitable Foundation funds

How this funder distributes its grants

Top Recipients

Top recipient in 2024

IFA Foundation: $50KIFA Foundation$50K

The largest 2024 recipient was IFA Foundation ($50K).

Grant Size Distribution

6 grants across all recorded years

<$50K1$50–100K3$100–250K1$250–500K1$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 3 grants of 6 (50%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of the 2024 grant dollars on its one itemized grant.

Cities

WashingtonBoiseBurnsvilleDes MoinesSt. Paul

How Heartfirst Charitable Foundation gives

  • Giving fell 89% from 2021 to 2024. Method

From the foundation's IRS Form 990 filings. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K2 grants2020 2 grants2021 0 grants2022 1 grant2023 1 grant2024

From 2020 to 2024, annual grant giving ranged from $50K (2024) to $700K (2020). In 2024 it made 1 grant totaling $50K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
IFA Foundation Washington, DCHeartfirst charitable foundation partnered with the ifa foundation to provide funding for the franchise ascension initiative program which helps prepare qualified individuals from underrepresented groups and economically disadvantaged communities with the education, mentorship, resources, and support to successfully launch a career in franchise ownership.$50,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsNet Investment Income
2024$746,503$143,259$52,891$50,0001$23,509
2023$658,885$72,355$106,413$100,0001$13,355
2022$690,193$1,100$25———
2021$690,118$7,600$453,375$450,0002—
2020$1,135,893$98,853$704,421$700,0002—

About Heartfirst Charitable Foundation

Based on IRS filings

Heartfirst Charitable Foundation is a public charity, based in Woodbury, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $747K in total assets. In 2024, it awarded 1 grant totaling $50K. Net investment income was $24K.

Leadership & Key People

Officers and directors from IRS filings

Heartfirst Charitable Foundation is led by Conik Runyon, Chief Executive Officer on every filing since 2021; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Conik Runyon

    Chief Executive Officer

    On filings since 2021

    1 hr/week

    No compensation reported

  • Sydney Mortensen

    President & Secretary

    On filings since 2021

    1 hr/week

    No compensation reported

  • Delaney Runyon

    Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

Former officers (2)
  • Former: Nicolle Mortensen (2020–2021) — President & Secretary
  • Former: Shannon Runyon (2020–2021) — Chief Executive Officer

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 Heartfirst Charitable Foundation

How much does Heartfirst Charitable Foundation give each year?

Heartfirst Charitable Foundation gave $50K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $100K across 1 grant.

How large is Heartfirst Charitable Foundation?

Heartfirst Charitable Foundation reported $747K in total assets on its 2024 IRS Form 990. Its revenue that year was $143K.

Where does Heartfirst Charitable Foundation operate?

Heartfirst Charitable Foundation has awarded grants in District of Columbia, Iowa, Idaho, Minnesota.

What is Heartfirst Charitable Foundation's EIN?

Heartfirst Charitable Foundation's EIN (Employer Identification Number) is 20-8720916. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

Data update history

(5)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS November 2, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS November 10, 2022)
  3. Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2024)
  4. Updated Form 990 for fiscal year 2024 (received by the IRS November 14, 2025)
  5. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Heartfirst Charitable 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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