Ivy Foundation
Ivy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Minneapolis, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 2 grants totaling $953K. Net investment income was $71K.
Key facts about Ivy Foundation
- EIN
- 27-0155679
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $953,333
- Grants made (2024)
- 2
- Average grant
- $476,667
- Median grant
- $476,667
- Total assets
- $1,784,854
- Primary geography
- Rhode Island (98% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How Ivy Foundation gives
- Giving grew 284% 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 Ivy Foundation
- How to evaluate Ivy Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
-6.2% YoY
Annual Giving
$953K
-0.9% YoY
Grant Count
2
-66.7% YoY
Avg Grant Size
$477K
+197.4% YoY
Under IRS private-foundation payout rules, Ivy Foundation reported a distributable amount of $82K for 2024 — the minimum it must pay out in qualifying distributions.
About Ivy Foundation
Based on IRS filings
Ivy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Minneapolis, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 2 grants totaling $953K. Net investment income was $71K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 2 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,784,854 | $1,902,417 | $1,211,177 |
| Revenue | $878,561 | $1,845,762 | $77,342 |
| Expenses | $996,124 | $1,001,200 | $226,542 |
| Qualifying Distributions | $960,196 | $964,688 | $184,185 |
| Net Investment Income | $70,961 | $242,839 | $47,937 |
| Distributable Amount | $82,198 | $64,099 | $78,174 |
Data update history
When this profile's IRS filing data changed on Grantable
- 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 2 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Brown University ($933,333), The Billfish Foundation ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BROWN UNIVERSITY Providence, RI | UNRESTRICTED | $933,333 |
| THE BILLFISH FOUNDATION Ft Lauderdale, FL | UNRESTRICTED | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Ivy Foundation is led by Sandra E. Macmillan, President & Director on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Sandra E. Macmillan
President & Director
On filings since 2020
0.3 hrs/week
No compensation reported
Jennifer J. Cullen
Secretary
On filings since 2023
0.3 hrs/week
No compensation reported
Katherine Weber
Treasurer
On filings since 2023
0.3 hrs/week
No compensation reported
Former officers (1)
- Former: Michella L. Johnson (2020–2022) — Secretary, Treasurer & Director
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.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ivy Foundation?
Ivy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Minneapolis, MN. It holds $1.8M in total assets as of 2024.
How large is Ivy Foundation?
As of 2024, Ivy Foundation holds $1.8M in total assets with $879K in annual revenue. It awarded 2 grants totaling $953K in 2024.
Where does Ivy Foundation operate?
Ivy Foundation has awarded grants in Florida, Rhode Island.
What size grants does Ivy Foundation award?
In 2024, Ivy Foundation awarded 2 grants totaling $953K — an average of about $477K per grant, based on its IRS Form 990 filings.
How much is Ivy Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ivy Foundation reported a distributable amount of $82K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ivy Foundation's EIN?
Ivy Foundation's EIN (Employer Identification Number) is 27-0155679. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.