Ivy Foundation
Ivy Foundation is a private foundation, 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.
Ivy Foundation at a glance
In short: Ivy Foundation gave $953K across 2 grants in 2024 (avg $477K), mostly in Rhode Island. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $953,333
- -0.9% vs 2023
- Grants made (2024)
- 2
- -66.7% vs 2023
- Average grant
- $476,667
- +197.4% vs 2023
- Median grant
- $476,667
- Total assets
- $1,784,854
- -6.2% vs 2023
- Primary geography
- Rhode Island (98% 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 Ivy Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Brown University ($933K). Together the top 2 received $953K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 11 grants of 17 (65%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $182K (2022) to $962K (2023). In 2024 it made 2 grants totaling $953K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Brown University Providence, RI | Unrestricted | $933,333 |
| The Billfish Foundation Ft Lauderdale, FL | Unrestricted | $20,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,784,854 | $878,561 | $996,124 | $953,333 | 2 | $960,196 | $70,961 | $82,198 |
| 2023 | $1,902,417 | $1,845,762 | $1,001,200 | $961,666 | 6 | $964,688 | $242,839 | $64,099 |
| 2022 | $1,211,177 | $77,342 | $226,542 | $181,667 | 3 | $184,185 | $47,937 | $78,174 |
| 2021 | $1,360,377 | $430,286 | $267,916 | $248,333 | 3 | $250,394 | $384,388 | $89,266 |
| 2020 | $1,198,007 | $67,708 | $319,723 | $290,000 | 3 | — | $40,316 | $82,591 |
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.
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.
Frequently asked questions about Ivy Foundation
How much does Ivy Foundation give each year?
Ivy Foundation gave $953K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $962K across 6 grants.
How large is Ivy Foundation?
Ivy Foundation reported $1.8M in total assets on its 2024 IRS Form 990-PF. It paid out $960K in qualifying distributions that year, against a required minimum of $82K (roughly 5% of its investment assets).
Where does Ivy Foundation operate?
Ivy Foundation has awarded grants in Florida, Rhode Island.
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.
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 Ivy Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Ivy Foundation's focus areas in our free grants database
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