Inventure Foundation

Foundation · Grantmaker St Cloud, MN EIN: 84-2879195

Inventure Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in St Cloud, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3K in total assets. In 2024, it awarded 4 grants totaling $13K. Net investment income was $1.

Key facts about Inventure Foundation

EIN: 84-2879195
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $13,496
Grants made (2024): 4
Average grant: $3,374
Median grant: $1,408
Total assets: $3,173
Primary geography: Minnesota (100% of itemized 2024 grant dollars)

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

Who Inventure Foundation funds

By grant dollars, the top recipient states for Inventure Foundation's 4 itemized 2024 grants were Minnesota (100%). The most frequent recipient cities were St Cloud, MN (3 grants). None of its 4 grants with a stated purpose were described as general or operating support.

How Inventure Foundation gives

Giving fell 42% from 2021 to 2024. Method
In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

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

Next steps with Inventure Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3K

+122.5% YoY

Annual Giving

$13K

-63.1% YoY

Grant Count

-42.9% YoY

Avg Grant Size

$3K

-35.4% YoY

Under IRS private-foundation payout rules, Inventure Foundation reported a distributable amount of $381 for 2024 — the minimum it must pay out in qualifying distributions.

About Inventure Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Minnesota $13K (100%)

Share of all 4 itemized 2024 grant dollars.

States

Minnesota

Cities

St CloudAvonMinneapolisSauk Rapids

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,173	$1,426	$19,728
Revenue	$19,336	$7,500	$35,000
Expenses	$15,005	$37,456	$17,842
Qualifying Distributions	$13,496	$36,541	$16,997
Net Investment Income	$1	—	—
Distributable Amount	$381	$521	$503

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

47 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Catholic Charities ($10,500), Quiet Oaks Hospice House ($2,500), St Cloud Hospital Volunteer Program ($316).

Recipient	Purpose	Amount
CATHOLIC CHARITIES St Cloud, MN	CIRCLE OF HOPE, PACK THE PORCH FOOD DRIVE, AND MARDI GRAS 2025	$10,500
QUIET OAKS HOSPICE HOUSE St Cloud, MN	AUTUMUN REFLECTIONS	$2,500
ST CLOUD HOSPITAL VOLUNTEER PROGRAM St Cloud, MN	FLEECE BLANKET DONATIONS	$316
SAUK RAPIDS-RICE HIGH SCHOOL Sauk Rapids, MN	2024 YEARBOOK SPONSORSHIP	$180

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Douglas J Boser	President	0.5	—
Madeline E Boser	Co Vice President	0.5	—
Olivia R Boser	Co Vice President	0.5	—
James P Schleper	Secretary and Treasurer	0.5	—
Geraldine Boser	Director	0.5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Inventure Foundation?

Inventure Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in St Cloud, MN. It holds $3K in total assets as of 2024.

How large is Inventure Foundation?

As of 2024, Inventure Foundation holds $3K in total assets with $19K in annual revenue. It awarded 4 grants totaling $13K in 2024.

Where does Inventure Foundation operate?

Inventure Foundation has awarded grants in Minnesota.

What size grants does Inventure Foundation award?

In 2024, Inventure Foundation awarded 4 grants totaling $13K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Inventure Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Inventure Foundation reported a distributable amount of $381 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.