Marvin & Betty Borman Foundation
Marvin & Betty Borman Foundation is a private foundation focused on Arts and culture, based in Deephaven, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.7M in total assets. In 2024, it awarded 7 grants totaling $484K. Net investment income was $1.3M.
Marvin & Betty Borman Foundation at a glance
In short: Marvin & Betty Borman Foundation gave $484K across 7 grants in 2024 (avg $69K), top state Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $484,483
- -1.2% vs 2023
- Grants made (2024)
- 7
- -22.2% vs 2023
- Average grant
- $69,212
- +27.0% vs 2023
- Median grant
- $40,000
- Total assets
- $9,682,208
- +12.0% vs 2023
- Primary geography
- Massachusetts (37% 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 Marvin & Betty Borman Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Antidefamation League Foundation ($141K). Together the top 7 received $484K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 16 grants of 32 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Marvin & Betty Borman Foundation gives
- Giving held roughly steady from 2021 to 2024 (−4%). Method
- In 2024 it paid out 85% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $82K (2020) to $808K (2022). In 2024 it made 7 grants totaling $484K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Antidefamation League Foundation New York, NY | General Funding | $140,816 |
| Planned Parenthood League of Massachusetts Inc Boston, MA | General Funding | $97,439 |
| Planned Parenthood Northern California Concord, CA | General Funding | $96,228 |
| Bionic Project Inc Cambridge, MA | General Funding | $40,000 |
| Giffords Law Center to Prevent Gun Violence San Francisco, CA | General Funding | $40,000 |
| Brandeis University Waltham, MA | General Funding | $40,000 |
| Just the Pill Saint Paul, MN | General Funding | $30,000 |
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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 | $9,682,208 | $1,440,257 | $644,246 | $484,483 | 7 | $493,755 | $1,307,741 | $583,347 |
| 2023 | $8,647,308 | $712,601 | $613,910 | $490,571 | 9 | $499,823 | $598,514 | $509,774 |
| 2022 | $8,548,466 | $551,271 | $950,089 | $808,234 | 7 | $815,892 | $436,367 | $543,318 |
| 2021 | $8,751,206 | $1,173,478 | $634,727 | $503,000 | 3 | $510,461 | $1,049,212 | $579,471 |
| 2020 | $8,212,455 | $442,857 | $198,980 | $82,000 | 6 | — | $338,806 | $503,277 |
Under IRS private-foundation payout rules, Marvin & Betty Borman Foundation reported a distributable amount of $583K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Marvin & Betty Borman Foundation is led by Elizabeth Borman, President & Treasurer on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Elizabeth Borman
President & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Jane Ross
Vice President
On filings since 2020
0.1 hrs/week
No compensation reported
Kimberly Borman
Vice President
On filings since 2020
0.1 hrs/week
No compensation reported
Thomas Borman
Vice President
On filings since 2020
0.1 hrs/week
No compensation reported
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 Marvin & Betty Borman Foundation
How much does Marvin & Betty Borman Foundation give each year?
Marvin & Betty Borman Foundation gave $484K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $491K across 9 grants.
What is Marvin & Betty Borman Foundation's typical grant size?
Marvin & Betty Borman Foundation's median grant in 2024 was $40,000, and its average grant was $69,212, across 7 grants on its 2024 IRS Form 990-PF.
Where does Marvin & Betty Borman Foundation give grants?
Marvin & Betty Borman Foundation's top state is Massachusetts, with 37% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (29%) and California (28%).
Does Marvin & Betty Borman Foundation give general operating support?
Yes: 100% of Marvin & Betty Borman Foundation's 2024 grants with a stated purpose (7 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Marvin & Betty Borman Foundation's largest grantees?
Marvin & Betty Borman Foundation's largest 2024 grantees include Antidefamation League Foundation ($140,816), Planned Parenthood League of Massachusetts Inc ($97,439) and Planned Parenthood Northern California ($96,228), according to its 2024 IRS Form 990-PF. Together they received 69% of its itemized 2024 grant dollars.
How large is Marvin & Betty Borman Foundation?
Marvin & Betty Borman Foundation reported $9.7M in total assets on its 2024 IRS Form 990-PF. It paid out $494K in qualifying distributions that year, against a required minimum of $583K (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 is Marvin & Betty Borman Foundation?
Marvin & Betty Borman Foundation is a private foundation focused on Arts and culture, based in Deephaven, MN. It holds $9.7M in total assets as of 2024.
What is Marvin & Betty Borman Foundation's EIN?
Marvin & Betty Borman Foundation's EIN (Employer Identification Number) is 41-1506784. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
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 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 27, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 24, 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 June 30, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Marvin & Betty Borman Foundation funds
Education Open opportunities, soonest deadline first.
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