Minor Use Foundation Inc
Minor Use Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Raleigh, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $244K in total assets. In 2024, it made $1.3M in qualifying distributions.
Key facts about Minor Use Foundation Inc
- EIN
- 83-1204880
- Latest 990 filing
- Form 990-PF, 2024
- Total assets
- $243,701
Data from IRS Form 990-PF, 2024; updated September 2026.
How Minor Use Foundation Inc gives
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Minor Use Foundation Inc
- How to evaluate Minor Use Foundation Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$244K
-40.7% YoY
Revenue
$1.2M
+69.7% YoY
Qualifying Distributions
$1.3M
+55.7% YoY
Expenses
$1.3M
+56.6% YoY
Under IRS private-foundation payout rules, Minor Use Foundation Inc reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
About Minor Use Foundation Inc
Based on IRS filings
Minor Use Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Raleigh, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $244K in total assets. In 2024, it made $1.3M in qualifying distributions.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $243,701 | $411,084 | $545,867 |
| Revenue | $1,166,555 | $687,530 | $627,241 |
| Expenses | $1,320,454 | $842,944 | $588,007 |
| Qualifying Distributions | $1,306,197 | $838,814 | $585,413 |
| Net Investment Income | — | — | — |
| Distributable Amount | $6,478 | $14,980 | $17,214 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Anna Gore | Executive Director | 40 | $204,340 |
| Nicholas Drost | Chief Financial Officer | 40 | $40,165 |
| Dr Daniel Kunkel | Treasurer | 2 | — |
| Dr Dirk Drost | Chairman | 2 | — |
| Dr Alan Norden | Secretary | 2 | — |
| Dr Jerry Baron | Member | 1 | — |
| Dr Daniella Taveau | Member | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Minor Use Foundation Inc?
Minor Use Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Raleigh, NC. It holds $244K in total assets as of 2024.
How large is Minor Use Foundation Inc?
As of 2024, Minor Use Foundation Inc holds $244K in total assets with $1.2M in annual revenue.
Where does Minor Use Foundation Inc operate?
Minor Use Foundation Inc has awarded grants in Iowa, North Carolina.
How much is Minor Use Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Minor Use Foundation Inc reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Minor Use Foundation Inc's EIN?
Minor Use Foundation Inc's EIN (Employer Identification Number) is 83-1204880. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.