IV Foundation
IV Foundation is a private foundation focused on Education, based in Excelsior, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $829K in total assets. In 2025, it awarded 7 grants totaling $40K. Net investment income was $93K.
IV Foundation at a glance
In short: IV Foundation gave $40K across 7 grants in 2025 (avg $6K), top state Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $40,000
- +0.0% vs 2024
- Grants made (2025)
- 7
- -12.5% vs 2024
- Average grant
- $5,714
- +14.3% vs 2024
- Median grant
- $5,000
- Total assets
- $828,594
- +5.9% vs 2024
- Primary geography
- Minnesota (43% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who IV Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Charlotte Care Center ($8K). Together the top 7 received $40K.
Grant Size Distribution
41 grants across all recorded years
The most common grant size was under $50K: 41 grants of 41 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How IV Foundation gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 84% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $40K (2022) to $46K (2021). In 2025 it made 7 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Charlotte Care Center Port Charlotte, FL | General Support for the Homeless | $8,000 |
| ICA Food Shelf Minnetonka, MN | Food Shelf | $7,000 |
| Care Victim Services Center Punta Gorda, FL | Services and Aid to Survivors | $5,000 |
| Children's Minnesota Foundation Edina, MN | Medical Care | $5,000 |
| Doctors Without Borders Hagerstown, MD | Medical Care | $5,000 |
| Habitat for Humanity Minneapolis, MN | General Fund Support | $5,000 |
| Soldiers Grove Public Library Soldiers Grove, WI | Library | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $828,594 | $98,215 | $51,452 | $40,000 | 7 | $44,856 | $93,382 | $53,529 |
| 2024 | $782,361 | $65,881 | $49,111 | $40,000 | 8 | $44,315 | $61,590 | $48,516 |
| 2023 | $765,591 | $36,643 | $53,597 | $45,000 | 9 | $48,954 | $32,714 | $45,182 |
| 2022 | $782,545 | $53,779 | $50,310 | $40,000 | 8 | $44,811 | $48,991 | $45,051 |
| 2021 | $779,076 | $52,063 | $52,576 | $46,000 | 9 | $49,085 | $49,002 | $50,854 |
| 2020 | $779,589 | $34,598 | $53,835 | $46,000 | 8 | — | $30,966 | $45,240 |
| 2019 | $798,826 | $60,895 | $52,831 | $45,000 | 7 | — | $57,213 | $46,602 |
Under IRS private-foundation payout rules, IV Foundation reported a distributable amount of $54K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
IV Foundation is led by Karen Petersen, President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Karen Petersen
President
On filings since 2019
No compensation reported
Anna Herzog
Board Member
On filings since 2019
No compensation reported
Pam Petersen-Soltau
Board Member
On filings since 2020
No compensation reported
Former officers (1)
- Former: Pam Soltau (2019) — Board Member
Data from IRS Form 990 filings, 2019–2025. "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 IV Foundation
How much does IV Foundation give each year?
IV Foundation gave $40K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $40K across 8 grants.
What is IV Foundation's typical grant size?
IV Foundation's median grant in 2025 was $5,000, and its average grant was $5,714, across 7 grants on its 2025 IRS Form 990-PF.
Where does IV Foundation give grants?
IV Foundation's top state is Minnesota, with 43% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Florida (33%) and Maryland (13%).
Does IV Foundation give general operating support?
Yes: 29% of IV Foundation's 2025 grants with a stated purpose (2 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are IV Foundation's largest grantees?
IV Foundation's largest 2025 grantees include Charlotte Care Center ($8,000), ICA Food Shelf ($7,000) and Care Victim Services Center ($5,000), according to its 2025 IRS Form 990-PF. Together they received 50% of its itemized 2025 grant dollars.
How large is IV Foundation?
IV Foundation reported $829K in total assets on its 2025 IRS Form 990-PF. It paid out $45K in qualifying distributions that year, against a required minimum of $54K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is IV Foundation?
IV Foundation is a private foundation focused on Education, based in Excelsior, MN. It holds $829K in total assets as of 2025.
What is IV Foundation's EIN?
IV Foundation's EIN (Employer Identification Number) is 41-1796849. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 18, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 26, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 25, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2019–2024
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