Minnie Velo Memorial Charitable Trust
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.
Minnie Velo Memorial Charitable Trust at a glance
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.
- Annual giving (2025)
- $4,000
- -0.7% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $1,000
- -0.7% vs 2024
- Median grant
- $1,000
- Total assets
- $100,436
- -1.2% 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 October 2026.
Who Minnie Velo Memorial Charitable Trust funds
How this funder distributes its grants
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $3K (2023) to $6K (2022). In 2025 it made 4 grants totaling $4K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 4 individual scholarships Recipients not named | — | $4,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $100,436 | $3,220 | $4,416 | $4,000 | 4 | $4,000 | $820 | $3,867 |
| 2024 | $101,632 | $1,226 | $4,491 | $4,030 | 4 | $4,030 | $802 | $3,961 |
| 2023 | $104,897 | $2,372 | $3,426 | $3,010 | 3 | $3,010 | $870 | $4,032 |
| 2022 | $105,951 | $2,216 | $6,028 | $5,600 | 5 | $5,600 | $672 | $4,195 |
| 2021 | $109,763 | $2,100 | $5,001 | $4,600 | 4 | $4,600 | $624 | $4,434 |
| 2020 | $112,664 | $-330 | $4,799 | $4,400 | 4 | — | $686 | $4,625 |
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.
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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 15, 2021)
- Added Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
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