Matrix Foundation
Matrix Foundation is a private foundation, based in Mendota Heights, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.9M in total assets. In 2025, it awarded 8 grants totaling $250K. Net investment income was $140K.
Matrix Foundation at a glance
In short: Matrix Foundation gave $250K across 8 grants in 2025 (avg $31K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $250,400
- +264.2% vs 2024
- Grants made (2025)
- 8
- +33.3% vs 2024
- Average grant
- $31,300
- +173.2% vs 2024
- Median grant
- $20,000
- Total assets
- $2,894,368
- +82.7% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Matrix Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was University of Minnesota Foundation ($100K). Together the top 8 received $250K.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 26 grants of 28 (93%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Matrix Foundation gives
- Giving grew 321% from 2022 to 2025. Method
- In 2025 it paid out 182% 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 2025, annual grant giving ranged from $39K (2021) to $250K (2025). In 2025 it made 8 grants totaling $250K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Minnesota Foundation Minneapolis, MN | Education | $100,000 |
| Minnesota Zoo Foundation Apple Valley, MN | Education | $60,000 |
| Aces Minneapolis, MN | Education | $40,000 |
| Mayo Clinic Rochester, MN | Research | $30,000 |
| Aim Higher Foundation St. Paul, MN | Education | $10,000 |
| Miscellaneous 2500 Minneapolis, MN | Miscellaneous | $4,400 |
| Northern Star Scouting Fort Snelling, MN | Education | $3,500 |
| Wingspan Life Resources St. Paul, MN | Human Services | $2,500 |
Ready to take the next step with Matrix 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 | $2,894,368 | $1,581,965 | $272,204 | $250,400 | 8 | $252,150 | $139,947 | $138,400 |
| 2024 | $1,584,607 | $118,769 | $88,445 | $68,750 | 6 | $70,425 | $101,481 | $98,399 |
| 2023 | $1,554,283 | $87,284 | $72,006 | $55,000 | 6 | $56,675 | $72,503 | $82,113 |
| 2022 | $1,539,005 | $65,157 | $83,042 | $59,500 | 5 | $61,075 | $52,062 | $81,551 |
| 2021 | $1,556,890 | $672,714 | $52,344 | $39,000 | 3 | $40,475 | $599,043 | $58,546 |
| 2020 | $936,520 | $61,172 | $70,627 | $60,850 | 6 | — | $53,470 | $50,423 |
| 2019 | $945,975 | $63,105 | $102,352 | $91,500 | 5 | — | $55,187 | $52,349 |
Under IRS private-foundation payout rules, Matrix Foundation reported a distributable amount of $138K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Matrix Foundation is led by Dale E. Peterson, President on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Dale E. Peterson
President
On filings since 2019
No compensation reported
Dana Peterson
Assistant Vice President
On filings since 2019
No compensation reported
Jeri L. Peterson
Vice President, Secretary & Treasurer
On filings since 2019
No compensation reported
Tracy L. Peterson
Assistant Vice President
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Matrix Foundation
How much does Matrix Foundation give each year?
Matrix Foundation gave $250K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $69K across 6 grants.
What is Matrix Foundation's typical grant size?
Matrix Foundation's median grant in 2025 was $20,000, and its average grant was $31,300, across 8 grants on its 2025 IRS Form 990-PF.
Where does Matrix Foundation give grants?
Matrix Foundation gives mostly in Minnesota: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Minneapolis, MN (3 grants) and St. Paul, MN (2 grants).
Does Matrix Foundation give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Matrix Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (5 grants).
Who are Matrix Foundation's largest grantees?
Matrix Foundation's largest 2025 grantees include University of Minnesota Foundation ($100,000), Minnesota Zoo Foundation ($60,000) and Aces ($40,000), according to its 2025 IRS Form 990-PF. Together they received 80% of its itemized 2025 grant dollars.
How large is Matrix Foundation?
Matrix Foundation reported $2.9M in total assets on its 2025 IRS Form 990-PF. It paid out $252K in qualifying distributions that year, against a required minimum of $138K (roughly 5% of its investment assets).
What is Matrix Foundation's EIN?
Matrix Foundation's EIN (Employer Identification Number) is 41-1906360. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 4, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in Matrix Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Minnesota
The Minneapolis Foundation
Minneapolis, MN
The Minneapolis Foundation funds civic, social, and economic needs, including economic mobility, education, health, the environment, arts, and human services, with most grant dollars going to Minnesota. Its 2025 grants had a median of $25,000, though amounts varied widely. It says no funding opportunities are currently open; whether it accepts unsolicited requests is not stated.
Assets
$1.2B
Grants
1,565
Total Given
$121.7M
South Dakota Community Foundation
Pierre, SD
The South Dakota Community Foundation funds nonprofits and charitable projects in areas including education, health, human services, culture, and economic development, primarily benefiting South Dakota communities. Its 2024 grants had a median of $18,562, while 2026 Beyond Idea Grants range from $5,000 to $100,000 per year. Eligible nonprofits can apply for South Dakota Fund and Beyond Idea Grants through its online portal.
Assets
$939.2M
Grants
390
Total Given
$39.7M
Dr Daniel C Hartnett Family Foundation
Long Lake, MN
Assets
$1.4M
Grants
69
Total Given
$22K
Saint Paul & Minnesota Foundation
St. Paul, MN
The Saint Paul & Minnesota Foundation funds community-led work in areas including economic opportunity, health and human services, youth and education, housing, and organizational capacity. Its 2025 grants had a median of $26,000; listed programs offer up to $50,000 for eligible East Metro work and up to $15,000 for qualifying Minnesota organizations. It accepts applications through specific programs, including rolling application opportunities; the Community Solutions Grant Program serves Dakota, Ramsey, and Washington counties.
Assets
$1.7B
Grants
1,473
Total Given
$107.2M
The Richard M Schulze Family Foundation
Minneapolis, MN
The Richard M. Schulze Family Foundation funds education, health care, and human services, including college scholarships, with most support benefiting working- and middle-class families in specified Minnesota and Florida counties; it also makes some national grants. Its 2024 grants had a median of $5,000, though awards ranged from $50 to $10 million. It plans to move to invitation-only grantmaking in 2027; whether it currently accepts unsolicited requests is not stated.
Assets
$218.3M
Grants
1,431
Total Given
$47.9M
Wells Fargo Foundation
Minneapolis, MN
Wells Fargo Foundation funds financial opportunity, affordable housing, small business growth, and some other local community needs across national and eligible local communities. Its 2025 grants ranged from $3,000 to $8 million, with a median of $35,000. It does not accept unsolicited requests; eligible organizations may submit a grant interest form to be considered for an invitation.
Assets
$8.6M
Grants
1,376
Total Given
$157.4M
More similar funders
More Funders in Minnesota
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Matrix 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.
Matrix Foundation down — hundreds of funders to go?