Inventure Foundation
Inventure Foundation is a private foundation, 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.
Inventure Foundation at a glance
In short: Inventure Foundation gave $13K across 4 grants in 2024 (avg $3K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $13,496
- -63.1% vs 2023
- Grants made (2024)
- 4
- -42.9% vs 2023
- Average grant
- $3,374
- -35.4% vs 2023
- Median grant
- $1,408
- Total assets
- $3,173
- +122.5% vs 2023
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Inventure Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Catholic Charities ($11K). Together the top 4 received $13K.
Grant Size Distribution
47 grants across all recorded years
The most common grant size was under $50K: 47 grants of 47 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $13K (2024) to $37K (2023). In 2024 it made 4 grants totaling $13K.
Grants by year
Grant recipients and amounts by year
| 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 |
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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 | $3,173 | $19,336 | $15,005 | $13,496 | 4 | $13,496 | $1 | $381 |
| 2023 | $1,426 | $7,500 | $37,456 | $36,542 | 7 | $36,541 | — | $521 |
| 2022 | $19,728 | $35,000 | $17,842 | $16,748 | 10 | $16,997 | — | $503 |
| 2021 | $682 | $23,338 | $24,042 | $23,242 | 15 | $23,242 | — | $172 |
| 2020 | $1,386 | $19,340 | $17,954 | $17,264 | 11 | — | — | $123 |
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.
Leadership & Key People
Officers and directors from IRS filings
Inventure Foundation is led by Douglas J. Boser, President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Douglas J. Boser
President
On filings since 2020
0.5 hrs/week
No compensation reported
Geraldine Boser
Director
On filings since 2020
0.5 hrs/week
No compensation reported
James P. Schleper
Secretary & Treasurer
On filings since 2020
0.5 hrs/week
No compensation reported
Madeline E. Boser
Co Vice President
On filings since 2020
0.5 hrs/week
No compensation reported
Olivia R. Boser
Co Vice President
On filings since 2020
0.5 hrs/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 Inventure Foundation
How much does Inventure Foundation give each year?
Inventure Foundation gave $13K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $37K across 7 grants.
What is Inventure Foundation's typical grant size?
Inventure Foundation's median grant in 2024 was $1,408, and its average grant was $3,374, across 4 grants on its 2024 IRS Form 990-PF.
Where does Inventure Foundation give grants?
Inventure Foundation gives mostly in Minnesota: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were St Cloud, MN (3 grants).
Does Inventure Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Inventure Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is Inventure Foundation?
Inventure Foundation reported $3K in total assets on its 2024 IRS Form 990-PF. It paid out $13K in qualifying distributions that year, against a required minimum of $381 (roughly 5% of its investment assets).
What is Inventure Foundation's EIN?
Inventure Foundation's EIN (Employer Identification Number) is 84-2879195. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Inventure Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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