Opus Foundation
Opus Foundation is a private foundation based in Minneapolis, Minnesota. Its 2024 filing reports grants to organizations working in areas such as housing, education, workforce development, and youth programming.
Opus Foundation at a glance
In short: Opus Foundation gave $5.5M across 164 grants in 2024 (avg $33K), mostly in Minnesota. 23% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $5,486,926
- +23.0% vs 2023
- Grants made (2024)
- 164
- -2.4% vs 2023
- Average grant
- $33,457
- +26.0% vs 2023
- Median grant
- $10,000
- Total assets
- $139,342,932
- +5.8% vs 2023
- New grantees (estimate)
- 23% first-time grantees (30 of 132, 2024)
- Primary geography
- Minnesota (50% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Opus Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations.
- Contact
Mailing address: 60 South 6Th St Ste 2950, Minneapolis, MN 55402
Phone: (612) 440-2500
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Opus Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was University of St Thomas ($573K across 2 grants). Together the top 10 received $2.1M.
Organizations only. It also paid 1 individual scholarship ($10,000), which are not listed by name.
Grant Size Distribution
838 grants across all recorded years
The most common grant size was under $50K: 664 grants of 838 (79%).
Geographic Focus
Where this funder awards grants
In 2024, 50% of grant dollars went to recipients in Minnesota, 11% each to recipients in Colorado and Missouri, 7% to Arizona, and 6% to Iowa.
Grant Distribution by State
Share of 2024 grant dollars across all 164 itemized grants.
States
Cities
Is Opus Foundation open to new grantees?
23%
first-time grantees, 2024
In 2024, 30 of 132 grantees (23%) were first-time recipients. First grants averaged $15K; repeat grants $49K. How we count
Medians: $5K first-time, $10K repeat.
- 69% of 2024 grantees were also funded in 2023. Method
- Giving grew 75% from 2021 to 2024. Method
- In 2024 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $3.1M (2021) to $5.5M (2024). In 2024 it made 164 grants totaling $5.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of St Thomas St. Paul, MN | Real Estate Program | $333,334 |
| University of St Thomas St. Paul, MN | Opus Foundation Real Estate Scholarship | $240,000 |
| Aeon Minneapolis, MN | Transformation Bridge Plan | $150,000 |
| Construction Careers Foundation Minnetonka, MN | Program Growth and Enhancements | $150,000 |
| Operation Breakthrough Kansas City, MO | Entrepreneurial Pathways and Workforce Development | $150,000 |
| Project for Pride in Living Inc Minneapolis, MN | Program Support | $150,000 |
| Twin Cities Habitat for Humanity St. Paul, MN | Advancing Home Ownership | $150,000 |
| Building Futures St. Louis, MO | In School Workshops and Summer Design & Build Programs | $125,000 |
| Anawim Housing Des Moines, IA | Permanent Supportive Housing | $100,000 |
| Big Brothers Big Sisters of the Greater Twin Cities Minneapolis, MN | Improving the Participant Experience | $100,000 |
Ready to take the next step with Opus 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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $139,342,932 | $8,426,864 | $6,584,676 | $5,486,926 | 164 | $6,460,477 | $2,822,450 | $6,807,067 |
| 2023 | $131,701,360 | $29,163,336 | $6,776,962 | $4,460,466 | 168 | $5,883,943 | $10,077,831 | $5,692,331 |
| 2022 | $114,637,157 | $2,878,709 | $4,403,939 | $3,425,738 | 164 | $4,178,267 | $2,806,312 | $5,404,633 |
| 2021 | $116,344,211 | $23,653,987 | $5,380,664 | $3,133,845 | 166 | $3,647,574 | $14,376,371 | $4,932,894 |
| 2020 | $96,341,396 | $12,870,994 | $4,087,000 | $3,200,650 | 176 | — | $2,554,219 | $4,078,794 |
Under IRS private-foundation payout rules, Opus Foundation reported a distributable amount of $6.8M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The available information does not state a mission for the foundation. Its 2024 grants included support for affordable housing, education, career and workforce programs, youth programming, and homeownership.
Grantee descriptions illustrate the range of organizations supported. Aeon says it creates and sustains quality affordable homes. Project for Pride in Living describes its work as providing affordable housing, resident services, and career-readiness programs. Construction Careers Foundation says it works to increase diversity in the construction trades and foster long-term careers. Operation Breakthrough describes its mission as providing a safe, loving, and educational environment for children in poverty and empowering their families.
Grantmaking
In 2024, the foundation made 164 grants totaling $5,486,926. Grant amounts ranged from $400 to $333,334, with a median of $10,000.
Among its largest 2024 grants were $333,334 to the University of St. Thomas for its Real Estate Program and $240,000 to the university for the Opus Foundation Real Estate Scholarship. Other grants of $150,000 each went to Aeon for its Transformation Bridge Plan, Construction Careers Foundation for Program Growth and Enhancements, Operation Breakthrough for Entrepreneurial Pathways and Workforce Development, Project for Pride in Living for Program Support, and Twin Cities Habitat for Humanity for Advancing Home Ownership.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Matt Rauenhorst as President/Chair; Kristin Ridley as Vice President/Executive Director; Suzanne Flannigan as Vice President; Elaine Rasmussen as Secretary; Ian Widmer as Treasurer; and Kristen Grubb as Tax Officer. Directors listed are Beth Duyvejonck, Margaret Green-Rauenhorst, Aretha Green-Rupert, and Olivia Jefferson.
Opus Foundation is led by Kristin Ridley, Vice President & Executive Director since 2022 (on filings since 2020); 2 of 14 officers listed in 2024 are compensated.
Officers on the 2024 filing
Kristin Ridley
Vice President & Executive Director
Vice President → Vice President & Executive Director, 2022
On filings since 2020
40 hrs/week
$221K (2022) → $240K (2024)
Matt Rauenhorst
President & Chair
Director → President & Chair, 2022
On filings since 2021
1 hr/week
No compensation reported
Kim Noonan
Director
Director → Treasurer & Secretary, 2022
Treasurer & Secretary → Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Tim Murnane
Director
On filings since 2020
1 hr/week
No compensation reported
Aretha Green-Rupert
Director
On filings since 2021
1 hr/week
No compensation reported
Olivia Jefferson
Director
On filings since 2021
1 hr/week
No compensation reported
Beth Duyvejonck
Director
On filings since 2022
1 hr/week
No compensation reported
Margaret Green-Rauenhorst
Director
On filings since 2022
1 hr/week
No compensation reported
Kelli Justesen
Director
New on the 2024 filing
1 hr/week
No compensation reported
Larry Pobuda
Director
New on the 2024 filing
1 hr/week
No compensation reported
Kristen Grubb
Tax Officer
On filings since 2020
10 hrs/week
$36K (2022) → $40K (2024)
Ian Widmer
Treasurer
Director → Treasurer, 2023
On filings since 2020
1 hr/week
No compensation reported
Elaine Rasmussen
Secretary
Director → Secretary, 2023
On filings since 2022
1 hr/week
No compensation reported
Suzanne Flannigan
Vice President
On filings since 2023
6 hrs/week
No compensation reported
Former officers (8)
- Former: Joe Downs (2020–2023) — Director
- Former: Kate Seng (2020–2022) — Vice President
- Former: Anne Peacock (2020–2021) — Treasurer & Secretary
- Former: Dave Menke (2020–2021) — Director
- Former: Jeff Rauenhorst (2020–2021) — President & Chair
- Former: Carolyn Roby (2020) — Treasurer & Secretary
- Former: Kristine Rauenhorst (2020) — Director
- Former: Mary Weber (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $240K, to Kristin Ridley (Vice President/Executive Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Opus Foundation
How much does Opus Foundation give each year?
Opus Foundation gave $5.5M across 164 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4.5M across 168 grants.
What is Opus Foundation's typical grant size?
Opus Foundation's median grant in 2024 was $10,000, and its average grant was $33,457, across 164 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Opus Foundation that year got $15K on average.
Where does Opus Foundation give grants?
Opus Foundation gives mostly in Minnesota: 50% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Colorado (11%) and Missouri (11%). The most frequent recipient cities were Minneapolis, MN (33 grants), St. Paul, MN (25 grants), Denver, CO (19 grants) and Kansas City, MO (11 grants).
Does Opus Foundation give general operating support?
Yes: 23% of Opus Foundation's 2024 grants with a stated purpose (37 of 164) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Giving Campaign" (7 grants), "Recognition of volunteer efforts" (6 grants) and "Recognition of Opus associate volunteer efforts" (3 grants).
Who are Opus Foundation's largest grantees?
Opus Foundation's largest 2024 grantees include University of St Thomas ($573,334 across 2 grants), Twin Cities Habitat for Humanity ($235,000 across 4 grants) and Colorado Coalition for the Homeless ($200,000 across 2 grants), according to its 2024 IRS Form 990-PF. It also paid 1 individual scholarship ($10,000), which are not listed by name. Together they received 18% of its itemized 2024 grant dollars.
How large is Opus Foundation?
Opus Foundation reported $139.3M in total assets on its 2024 IRS Form 990-PF. It paid out $6.5M in qualifying distributions that year, against a required minimum of $6.8M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Opus Foundation fund?
The available information does not state a mission for the foundation. Its 2024 grants included support for affordable housing, education, career and workforce programs, youth programming, and homeownership. See mission & focus areas ↑
How do I apply for a grant from Opus Foundation?
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Opus Foundation's EIN?
Opus Foundation's EIN (Employer Identification Number) is 41-1983284. IRS Form 990 filing data is available on this page for 2020–2024.
Does Opus Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 10, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Opus Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Opus Foundation funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/opus-foundation-morg_aa7b3d38b90748cfae0942370892572c
BibTeX
@misc{grantable_411983284_2026,
author = {{Grantable}},
title = {{Opus Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/opus-foundation-morg_aa7b3d38b90748cfae0942370892572c},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Opus 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.
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