Minnie Velo Memorial Charitable Trust

Private foundation · Grantmaker Fargo, ND EIN: 41-1379832

Minnie Velo Memorial Charitable Trust is a private foundation, based in Fargo, ND. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $100K in total assets. In 2025, it awarded 4 grants totaling $4K. Net investment income was $820.

Key facts about Minnie Velo Memorial Charitable Trust

In short: Minnie Velo Memorial Charitable Trust gave $4K across 4 grants in 2025 (avg $1K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.

EIN
41-1379832
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$4,000
Grants made (2025)
4
Average grant
$1,000
Median grant
$1,000
Total assets
$100,436
Primary geography
Minnesota (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated October 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$100K

-1.2% YoY

Annual Giving

$4K

-0.7% YoY

Grant Count

4

+0.0% YoY

Avg Grant Size

$1K

-0.7% YoY

Under IRS private-foundation payout rules, Minnie Velo Memorial Charitable Trust reported a distributable amount of $4K for 2025 — the minimum it must pay out in qualifying distributions.

How Minnie Velo Memorial Charitable Trust gives

  • Giving fell 29% from 2022 to 2025. Method
  • In 2025 it paid out 103% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 4 itemized grants.

States

Cities

Pelican RapidsRothsay

Giving Over Time

Total grant dollars and number of grants per year

$0$2K$4K$6K4 grants2020 4 grants2021 5 grants2022 3 grants2023 4 grants2024 4 grants2025

From 2020 to 2025, annual grant giving ranged from $3K (2023) to $6K (2022). In 2025 it made 4 grants totaling $4K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

20 grants across all recorded years

20<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 20 grants of 20 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
4 individual scholarships Recipients not named —$4,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2K$4K$6K$8K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$100,436$101,632$104,897
Revenue$3,220$1,226$2,372
Expenses$4,416$4,491$3,426
Qualifying Distributions$4,000$4,030$3,010
Net Investment Income$820$802$870
Distributable Amount$3,867$3,961$4,032

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 15, 2021)
  2. Added Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
  7. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Minnie Velo Memorial Charitable Trust's only listed officer is Cindy Westby, Treasurer on every filing since 2020 (uncompensated).

Officers on the 2025 filing

  • Cindy Westby

    Treasurer

    On filings since 2020

    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 Minnie Velo Memorial Charitable Trust

How much does Minnie Velo Memorial Charitable Trust give each year?

Minnie Velo Memorial Charitable Trust gave $4K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $4K across 4 grants.

What is Minnie Velo Memorial Charitable Trust's typical grant size?

Minnie Velo Memorial Charitable Trust's median grant in 2025 was $1,000, and its average grant was $1,000, across 4 grants on its 2025 IRS Form 990-PF.

Where does Minnie Velo Memorial Charitable Trust give grants?

Minnie Velo Memorial Charitable Trust gives mostly in Minnesota: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.

Does Minnie Velo Memorial Charitable Trust give general operating support?

Not in 2025: none of the 4 grants with a stated purpose on Minnie Velo Memorial Charitable Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (4 grants).

How large is Minnie Velo Memorial Charitable Trust?

Minnie Velo Memorial Charitable Trust reported $100K in total assets on its 2025 IRS Form 990-PF. It paid out $4K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets).

What is Minnie Velo Memorial Charitable Trust's EIN?

Minnie Velo Memorial Charitable Trust's EIN (Employer Identification Number) is 41-1379832. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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