Ocora Foundation
Ocora Foundation is a private foundation, based in Wayzata, MN. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $3.4M in total assets. In 2025, it awarded 8 grants totaling $540K. Net investment income was $99K.
Ocora Foundation at a glance
In short: Ocora Foundation gave $540K across 8 grants in 2025 (avg $67K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $539,500
- +6.8% vs 2024
- Grants made (2025)
- 8
- +0.0% vs 2024
- Average grant
- $67,438
- +6.8% vs 2024
- Median grant
- $80,000
- Total assets
- $3,388,103
- -12.1% 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 Ocora Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Innercity Tennis Foundation ($100K). Together the top 8 received $540K.
Grant Size Distribution
45 grants across all recorded years
The most common grant size was under $50K: 22 grants of 45 (49%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Ocora Foundation gives
- Giving grew 40% from 2022 to 2025. Method
- In 2025 it paid out 249% 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 2021 to 2025, annual grant giving ranged from $239K (2021) to $540K (2025). In 2025 it made 8 grants totaling $540K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Innercity Tennis Foundation Minneapolis, MN | Program Support | $100,000 |
| Minnesota Zoo Foundation Apple Valley, MN | Program Support | $100,000 |
| Rescue Network Inc Buffalo, MN | Program Support | $100,000 |
| The Bitty Kitty Brigade Little Canada, MN | Program Support | $80,000 |
| Wildlife Rehabilitation Center of MN Roseville, MN | Program Support | $80,000 |
| This Old Horse Hastings, MN | Program Support | $50,000 |
| My Very Own Bed Minneapolis, MN | Program Support | $17,500 |
| Corner of Kindness St Bonifacius, MN | Program Support | $12,000 |
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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 | $3,388,103 | $707,914 | $555,610 | $539,500 | 8 | $543,057 | $99,071 | $217,744 |
| 2024 | $3,855,713 | $115,511 | $519,215 | $505,000 | 8 | $508,504 | $104,800 | $214,187 |
| 2023 | $4,259,417 | $108,070 | $485,597 | $473,000 | 11 | $476,056 | $81,132 | $209,336 |
| 2022 | $4,636,944 | $89,357 | $418,647 | $385,000 | 9 | $400,229 | $80,539 | $222,484 |
| 2021 | $4,966,234 | $237,050 | $243,600 | $238,500 | 9 | $238,500 | $231,950 | $124,653 |
Under IRS private-foundation payout rules, Ocora Foundation reported a distributable amount of $218K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ocora Foundation is led by Lynne Rasmussen, President, Treasurer & Assistant Secretary on every filing since 2021; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lynne Rasmussen
President, Treasurer & Assistant Secretary
On filings since 2021
2 hrs/week
No compensation reported
Declain O'Connell
Director
On filings since 2023
1 hr/week
No compensation reported
Logan O'Connell
Director
New on the 2025 filing
1 hr/week
No compensation reported
Amy Morsman
Former Director
Director → Former Director, 2025
On filings since 2021
1 hr/week
No compensation reported
Brian O'Connell
Vice President, Secretary & Assistant Treasurer
On filings since 2021
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Ocora Foundation
How much does Ocora Foundation give each year?
Ocora Foundation gave $540K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $505K across 8 grants.
What is Ocora Foundation's typical grant size?
Ocora Foundation's median grant in 2025 was $80,000, and its average grant was $67,438, across 8 grants on its 2025 IRS Form 990-PF.
Where does Ocora Foundation give grants?
Ocora 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 (2 grants).
Does Ocora Foundation give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Ocora Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (8 grants).
Who are Ocora Foundation's largest grantees?
Ocora Foundation's largest 2025 grantees include Innercity Tennis Foundation ($100,000), Minnesota Zoo Foundation ($100,000) and Rescue Network Inc ($100,000), according to its 2025 IRS Form 990-PF. Together they received 56% of its itemized 2025 grant dollars.
How large is Ocora Foundation?
Ocora Foundation reported $3.4M in total assets on its 2025 IRS Form 990-PF. It paid out $543K in qualifying distributions that year, against a required minimum of $218K (roughly 5% of its investment assets).
What is Ocora Foundation's EIN?
Ocora Foundation's EIN (Employer Identification Number) is 85-4273077. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 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 2022 (received by the IRS May 5, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 5, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 16, 2026)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 5, 2022)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Ocora Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Ocora Foundation's focus areas in our free grants database
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