JTB Family Foundation
JTB Family Foundation is a private foundation based in Minneapolis, Minnesota. Its 2025 filing reports grants to charitable organizations including university foundations, food banks, a school, a children’s hospital, and other organizations.
JTB Family Foundation at a glance
In short: JTB Family Foundation gave $27.6M across 31 grants in 2025 (avg $892K), mostly in Minnesota. 45% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $27,650,000
- +140.2% vs 2024
- Grants made (2025)
- 31
- +0.0% vs 2024
- Average grant
- $891,935
- +140.2% vs 2024
- Median grant
- $62,500
- Total assets
- $162,385,776
- +108.6% vs 2024
- New grantees (estimate)
- 45% first-time grantees (14 of 31, 2025)
- Primary geography
- Minnesota (59% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to JTB Family Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 800 Nicollet Mall Bc-Mn-8Csa, Minneapolis, MN 55402
Phone: (651) 466-8710
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who JTB Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was University of Minnesota Foundation ($15.2M). Together the top 10 received $26.8M.
Grant Size Distribution
120 grants across all recorded years
The most common grant size was under $50K: 56 grants of 120 (47%).
Geographic Focus
Where this funder awards grants
The 2025 filing reports that 59% of grant dollars went to recipients in Minnesota and 40% to recipients in Illinois. Listed grants also included recipients in Texas, New York, Ohio, and other states.
Grant Distribution by State
Share of 2025 grant dollars across all 31 itemized grants.
States
Cities
Is JTB Family Foundation open to new grantees?
45%
first-time grantees, 2025
In 2025, 14 of 31 grantees (45%) were first-time recipients. First grants averaged $1.8M; repeat grants $117K. How we count
Medians: $38K first-time, $70K repeat.
- 55% of 2025 grantees were also funded in 2024. Method
- Giving grew 2584% from 2022 to 2025. Method
- In 2025 it paid out 424% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $394K (2020) to $27.6M (2025). In 2025 it made 31 grants totaling $27.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Minnesota Foundation Minneapolis, MN | General Support | $15,155,000 |
| Northern Illinois University Foundation Dekalb, IL | General Support | $10,000,000 |
| St John's Preparatory School Collegeville, MN | General Support | $750,000 |
| Food for Greater Elgin Inc Elgin, IL | General Support | $150,000 |
| Greater Chicago Food Depository Chicago, IL | General Support | $150,000 |
| Northern Illinois Food Bank Geneva, IL | General Support | $150,000 |
| Second Harvest Heartland Brooklyn Park, MN | General Support | $150,000 |
| Ann & Robert H Lurie Children's Hospital of Chicago Chicago, IL | General Support | $100,000 |
| Elgin Community College Foundation Elgin, IL | General Support | $100,000 |
| Mercy Ships Garden Valley, TX | General Support | $100,000 |
Ready to take the next step with JTB Family Foundation?
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 | $162,385,776 | $104,185,535 | $29,267,232 | $27,650,000 | 31 | $27,789,097 | $103,637,459 | $6,555,364 |
| 2024 | $77,834,575 | $121,131,400 | $11,698,730 | $11,510,000 | 31 | $11,546,959 | $65,703,294 | $796,682 |
| 2023 | $30,728,473 | $10,965,782 | $1,099,734 | $950,000 | 25 | $979,754 | $566,319 | $938,419 |
| 2022 | $18,322,614 | $1,037,451 | $1,184,558 | $1,030,000 | 24 | $1,060,448 | $619,579 | $975,250 |
| 2021 | $22,540,314 | $1,022,613 | $1,008,220 | $861,000 | 9 | $890,484 | $428,332 | $1,058,747 |
| 2020 | $20,054,423 | $937,608 | $905,400 | $394,000 | 9 | — | $259,793 | $889,028 |
Under IRS private-foundation payout rules, JTB Family Foundation reported a distributable amount of $6.6M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants show support for higher education, food security, health care, and other charitable work. The University of Minnesota Foundation describes its mission as supporting the University of Minnesota, while the Northern Illinois University Foundation says it secures and stewards resources to support NIU’s future and growth. Food for Greater Elgin says it works to provide food security and access to community resources; the Greater Chicago Food Depository describes its mission as ending hunger; and Second Harvest Heartland says its mission is to end hunger together.
Grantmaking
In 2025, the foundation reported 31 grants totaling $27,650,000. Grants ranged from $25,000 to $15,155,000, with a median grant of $62,500. The largest grants were $15,155,000 to the University of Minnesota Foundation and $10,000,000 to the Northern Illinois University Foundation, both for general support. Other grants included $750,000 to St. John’s Preparatory School; $150,000 each to Food for Greater Elgin, Greater Chicago Food Depository, Northern Illinois Food Bank, and Second Harvest Heartland; and $100,000 each to Ann & Robert H. Lurie Children’s Hospital of Chicago, Elgin Community College Foundation, Mercy Ships, and Smile Train.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists James L. Baustert as president and director (part year); Brian Jeffrey Baustert as president and director; and Theo J. Baustert, Julia L. Baustert, Timothy J. Baustert, Dawn Baustert, and Chris Baustert as directors. Theo J. Baustert and Julia L. Baustert are listed as serving part year.
JTB Family Foundation is led by Brian Jeffrey Baustert, President & Director since 2025 (on filings since 2020); none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Brian Jeffrey Baustert
President & Director
Director → President & Director, 2025
On filings since 2020
0.1 hrs/week
No compensation reported
James L. Baustert
President & Director
On filings since 2020
0.1 hrs/week
No compensation reported
Theo J. Baustert
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Julia L. Baustert
Director
On filings since 2022
0.1 hrs/week
No compensation reported
Timothy J. Baustert
Director
On filings since 2022
0.1 hrs/week
No compensation reported
Chris Baustert
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Dawn Baustert
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 JTB Family Foundation
How much does JTB Family Foundation give each year?
JTB Family Foundation gave $27.6M across 31 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $11.5M across 31 grants.
What is JTB Family Foundation's typical grant size?
JTB Family Foundation's median grant in 2025 was $62,500, and its average grant was $891,935, across 31 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from JTB Family Foundation that year got $1.8M on average.
Where does JTB Family Foundation give grants?
JTB Family Foundation gives mostly in Minnesota: 59% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Illinois (40%). The most frequent recipient cities were Chicago, IL (7 grants), St. Paul, MN (4 grants), Elgin, IL (3 grants) and Phoenix, AZ (2 grants).
Does JTB Family Foundation give general operating support?
Yes: 77% of JTB Family Foundation's 2025 grants with a stated purpose (24 of 31) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are JTB Family Foundation's largest grantees?
JTB Family Foundation's largest 2025 grantees include University of Minnesota Foundation ($15,155,000), Northern Illinois University Foundation ($10,000,000) and St John's Preparatory School ($750,000), according to its 2025 IRS Form 990-PF. Together they received 94% of its itemized 2025 grant dollars.
How large is JTB Family Foundation?
JTB Family Foundation reported $162.4M in total assets on its 2025 IRS Form 990-PF. It paid out $27.8M in qualifying distributions that year, against a required minimum of $6.6M (roughly 5% of its investment assets).
What does JTB Family Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants show support for higher education, food security, health care, and other charitable work. See mission & focus areas ↑
How do I apply for a grant from JTB Family Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is JTB Family Foundation's EIN?
JTB Family Foundation's EIN (Employer Identification Number) is 47-3790400. IRS Form 990 filing data is available on this page for 2020–2025.
Does JTB Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 22, 2022)
- Added Form 990-PF for fiscal year 2022 (received by the IRS October 19, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 24, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work JTB Family Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in JTB Family Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). JTB Family Foundation funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/jtb-family-foundation-morg_4c5fe3acb0254d25a1e5ee79214cf7fe
BibTeX
@misc{grantable_473790400_2026,
author = {{Grantable}},
title = {{JTB Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/jtb-family-foundation-morg_4c5fe3acb0254d25a1e5ee79214cf7fe},
note = {Accessed 2026-10-17. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from JTB Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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