Kelm Foundation
Kelm Foundation is a private foundation, based in Edina, MN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $72K in total assets. In 2024, it awarded 4 grants totaling $15K. Net investment income was $9K.
Kelm Foundation at a glance
In short: Kelm Foundation gave $15K across 4 grants in 2024 (avg $4K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $15,000
- +0.0% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $3,750
- +0.0% vs 2023
- Median grant
- $3,750
- Total assets
- $71,962
- -8.0% 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 October 2026.
Who Kelm Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Minnesota Public Radio ($4K). Together the top 4 received $15K.
Grant Size Distribution
19 grants across all recorded years
The most common grant size was under $50K: 19 grants of 19 (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 Kelm Foundation gives
- Giving fell 25% from 2021 to 2024. Method
- In 2024 it paid out 169% of 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 2019 to 2024, annual grant giving ranged from $15K (2022) to $24K (2019). In 2024 it made 4 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Minnesota Public Radio St. Paul, MN | General Operating | $3,750 |
| MN Landscape Arboretum Chaska, MN | General Operating | $3,750 |
| Twin Cities Public Television Inc St. Paul, MN | General Operating | $3,750 |
| Minnesota Orchestral Association Minneapolis, MN | General Operating | $3,750 |
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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 | $71,962 | $9,945 | $16,169 | $15,000 | 4 | $15,000 | $8,985 | $8,901 |
| 2023 | $78,186 | $5,434 | $16,991 | $15,000 | 4 | $15,025 | $3,674 | $8,407 |
| 2022 | $89,743 | $5,563 | $15,367 | $15,000 | 3 | $15,025 | $5,438 | $9,797 |
| 2021 | $99,547 | $8,622 | $22,020 | $20,000 | 4 | $20,025 | $6,972 | $10,842 |
| 2020 | $112,945 | $12,734 | $21,186 | $20,000 | 4 | — | $11,844 | $8,843 |
| 2019 | $121,397 | $-5,521 | $24,454 | $24,000 | 6 | — | $6,882 | $11,075 |
Under IRS private-foundation payout rules, Kelm Foundation reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Kelm Foundation is led by Michaelanne Degrood, President on every filing since 2019; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michaelanne Degrood
President
On filings since 2019
No compensation reported
David Kelm
Vice President
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Kelm Foundation
How much does Kelm Foundation give each year?
Kelm Foundation gave $15K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $15K across 4 grants.
What is Kelm Foundation's typical grant size?
Kelm Foundation's median grant in 2024 was $3,750, and its average grant was $3,750, across 4 grants on its 2024 IRS Form 990-PF.
Where does Kelm Foundation give grants?
Kelm 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. Paul, MN (2 grants).
Does Kelm Foundation give general operating support?
Yes: 100% of Kelm Foundation's 2024 grants with a stated purpose (4 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Kelm Foundation?
Kelm Foundation reported $72K in total assets on its 2024 IRS Form 990-PF. It paid out $15K in qualifying distributions that year, against a required minimum of $9K (roughly 5% of its investment assets).
What is Kelm Foundation's EIN?
Kelm Foundation's EIN (Employer Identification Number) is 41-6023477. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 12, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 28, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 5, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 28, 2025)
- IRS filings on file for fiscal years 2019–2024
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Figures come from Kelm 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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