Manitou Fund
Manitou Fund is a private foundation based in White Bear Lake, Minnesota. Its 2024 filing reports grants to organizations working in areas including education, arts and cultural preservation, tennis, and land conservation, as well as a charitable holiday event supporting local nonprofits and community groups.
Manitou Fund at a glance
In short: Manitou Fund gave $20.1M across 164 grants in 2024 (avg $123K), top state California. 20% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $20,100,000
- -47.8% vs 2023
- Grants made (2024)
- 164
- -25.1% vs 2023
- Average grant
- $122,561
- -30.3% vs 2023
- Median grant
- $50,000
- Total assets
- $778,210,570
- +5.4% vs 2023
- New grantees (estimate)
- 20% first-time grantees (32 of 164, 2024)
- Primary geography
- California (34% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Manitou Fund
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 4801 Highway 61 310, White Bear Lake, MN 55110
Phone: (651) 370-1258
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Manitou Fund funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Schwab Charitable ($1.8M). Together the top 10 received $7.6M.
Organizations only. It also paid 1 grant to individuals ($25,000), which are not listed by name.
Grant Size Distribution
1,232 grants across all recorded years
The most common grant size was under $50K: 574 grants of 1,232 (47%).
Geographic Focus
Where this funder awards grants
In 2024, grant dollars went to recipients in California (34%), Minnesota (32%), New York (11%), Florida (9%), and Rhode Island (5%).
Grant Distribution by State
Share of 2024 grant dollars across all 164 itemized grants.
States
Cities
Is Manitou Fund open to new grantees?
20%
first-time grantees, 2024
In 2024, 32 of 164 grantees (20%) were first-time recipients. First grants averaged $55K; repeat grants $139K. How we count
Medians: $50K first-time, $50K repeat.
- 76% of 2024 grantees were also funded in 2023. Method
- Giving fell 37% from 2021 to 2024. Method
- In 2024 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). 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 2024, annual grant giving ranged from $20.1M (2024) to $38.5M (2023). In 2024 it made 164 grants totaling $20.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Schwab Charitable Orlando, FL | Charitable Gifts | $1,750,000 |
| International Tennis Hall of Fame Inc Newport, RI | Historical grounds capital project ($750k) and teamfame & be legendary programs ($250k) | $1,000,000 |
| University of Minnesota Foundation Minneapolis, MN | College of design: kusske design initiative ($840k) and addiction project ($75k) | $915,000 |
| Century College Foundation White Bear Lake, MN | Start Right Program | $750,000 |
| St Catherine University Saint Paul, MN | Katie Leadership Impact Program | $750,000 |
| Save Venice Inc New York, NY | Capital Projects | $540,000 |
| Usta Foundation Incorporated White Plains, NY | Various Programs ($370K) and Scholarship Fund ($140K) | $510,000 |
| Friends of FAI the Italian Environment Foundation Inc New York, NY | Accessibility Initiative Capital Project | $500,000 |
| Big Sur Land Trust Monterey, CA | Dog park capital project ($350k) and esalen tribe ($100k) | $450,000 |
| Redford Center Inc San Francisco, CA | Giants Rising Film ($250K) and Various Programs ($150K) | $400,000 |
Ready to take the next step with Manitou Fund?
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 | $778,210,570 | $65,166,476 | $25,276,305 | $20,100,000 | 164 | $32,328,462 | $63,785,123 | $36,739,068 |
| 2023 | $738,602,329 | $33,182,899 | $268,603,098 | $38,534,705 | 219 | $58,872,747 | $35,502,575 | $42,165,849 |
| 2022 | $986,818,941 | $22,487,979 | $39,394,036 | $33,995,000 | 267 | $45,736,992 | $28,071,167 | $48,388,091 |
| 2021 | $1,003,593,689 | $40,882,622 | $36,865,811 | $32,003,686 | 298 | $35,999,242 | $30,866,631 | $50,984,145 |
| 2020 | $999,956,444 | $45,461,606 | $30,065,022 | $24,930,769 | 284 | — | $17,221,852 | $47,881,040 |
Under IRS private-foundation payout rules, Manitou Fund reported a distributable amount of $36.7M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
Manitou Fund’s 2024 filing describes its Still Hope event as a free holiday gathering at the Manitou Fund Education and Arts Center, attended by more than 500 local community members. The event supported more than 15 local nonprofit organizations, local artisans, school groups, musicians, and the greater Stillwater community, with the stated aim of encouraging community awareness and engagement.
The 2024 grants show support for a range of organizations. For example, the University of Minnesota Foundation describes its role as supporting the University of Minnesota, and Century College Foundation describes its work as providing scholarships, emergency grants, and program support for student success and workforce development. Big Sur Land Trust describes its mission as inspiring love of the land and conservation of treasured landscapes. These are the grantees’ descriptions of their own work, not stated missions of Manitou Fund.
Grantmaking
In 2024, Manitou Fund reported 164 grants totaling $20.1 million. Grants ranged from $10,000 to $1.75 million, with a median of $50,000. Among the largest were $1 million to the International Tennis Hall of Fame for a capital project and youth programs; $915,000 to the University of Minnesota Foundation for a design initiative and addiction project; $750,000 each to Century College Foundation and St. Catherine University; and $540,000 to Save Venice for capital projects. Other notable awards included $510,000 to USTA Foundation, $500,000 to Friends of FAI, and $450,000 to Big Sur Land Trust.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Oliver Din as President & CEO, and Greg McNeely and Nora McNeely Hurley as Chief Program Officers.
Manitou Fund is led by Oliver Din, President & CEO since 2022 (on filings since 2020); all 3 officers listed in 2024 are compensated.
Officers on the 2024 filing
Oliver Din
President & CEO
Trustee, President & CEO → Director, President & CEO, 2021
Director, President & CEO → President & CEO, 2022
On filings since 2020
60 hrs/week
$550K (2020) → $750K (2024)
Greg McNeely
Chief Program Officer
Trustee & Chief Program Officer → Director & Chief Program Officer, 2021
Director & Chief Program Officer → Chief Program Officer, 2022
On filings since 2020
40 hrs/week
$300K (2020) → $350K (2024)
Nora McNeely Hurley
Chief Program Officer
Trustee & Chief Program Officer → Director & Chief Program Officer, 2021
Director & Chief Program Officer → Chief Program Officer, 2022
On filings since 2020
40 hrs/week
$300K (2020) → $350K (2024)
Former officers (1)
- Former: Kevin McNeely (2020–2023) — Chief Program Officer
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $750K, to Oliver Din (President & CEO). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Manitou Fund
How much does Manitou Fund give each year?
Manitou Fund gave $20.1M across 164 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $38.5M across 219 grants.
What is Manitou Fund's typical grant size?
Manitou Fund's median grant in 2024 was $50,000, and its average grant was $122,561, across 164 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Manitou Fund that year got $55K on average.
Where does Manitou Fund give grants?
Manitou Fund's top state is California, with 34% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Minnesota (32%) and New York (11%). The most frequent recipient cities were Santa Barbara, CA (41 grants), Saint Paul, MN (17 grants), Minneapolis, MN (10 grants) and New York, NY (10 grants).
Does Manitou Fund give general operating support?
Yes: 51% of Manitou Fund's 2024 grants with a stated purpose (83 of 164) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Manitou Fund's largest grantees?
Manitou Fund's largest 2024 grantees include Schwab Charitable ($1,750,000), International Tennis Hall of Fame Inc ($1,000,000) and University of Minnesota Foundation ($915,000), according to its 2024 IRS Form 990-PF. It also paid 1 grant to individuals ($25,000), which are not listed by name. Together they received 18% of its itemized 2024 grant dollars.
How large is Manitou Fund?
Manitou Fund reported $778.2M in total assets on its 2024 IRS Form 990-PF. It paid out $32.3M in qualifying distributions that year, against a required minimum of $36.7M (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 does Manitou Fund fund?
Manitou Fund’s 2024 filing describes its Still Hope event as a free holiday gathering at the Manitou Fund Education and Arts Center, attended by more than 500 local community members. See mission & focus areas ↑
How do I apply for a grant from Manitou Fund?
The foundation 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 Manitou Fund's EIN?
Manitou Fund's EIN (Employer Identification Number) is 41-6055113. IRS Form 990 filing data is available on this page for 2020–2024.
Does Manitou Fund 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 October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- 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 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS December 22, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Manitou Fund's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Manitou Fund funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/manitou-fund-morg_029862eb5bea4ed2a76c5cccb18eac20
BibTeX
@misc{grantable_416055113_2026,
author = {{Grantable}},
title = {{Manitou Fund funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/manitou-fund-morg_029862eb5bea4ed2a76c5cccb18eac20},
note = {Accessed 2026-10-11. 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 Manitou Fund'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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