Pine Needles Charitable Trust

Foundation · Grantmaker MINNEAPOLIS, MN EIN: 82-1958858

Pine Needles Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNEAPOLIS, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $14.5M in total assets. In 2024, it awarded 1 grants totaling $938K. Net investment income was $1.3M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$14.5M

+2.7% YoY

Annual Giving

$938K

+13.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$938K

+13.7% YoY

Under IRS private-foundation payout rules, Pine Needles Charitable Trust reported a distributable amount of $748K for 2024 — the minimum it must pay out in qualifying distributions.

About Pine Needles Charitable Trust

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Your AI grants department

Ready to take the next step with Pine Needles Charitable Trust?

Assess fit for your org Draft an LOI Find open RFPs

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Minnesota $4.1M (100%)

States

Minnesota

Cities

Minneapolis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$14,493,799	$14,108,581	$14,378,596
Revenue	$1,508,749	$727,771	$375,262
Expenses	$1,121,727	$997,280	$1,043,041
Qualifying Distributions	$950,238	$836,915	$843,455
Net Investment Income	$1,347,589	$569,006	$442,813
Distributable Amount	$747,519	$717,563	$750,007

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Various Charitable Organizations ($938,000).

Recipient	Purpose	Amount
VARIOUS CHARITABLE ORGANIZATIONS MINNEAPOLIS, MN	GENERAL PURPOSE TO BE DETERMINED BY THE GRANTEE	$938,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ELIZABETH D DOVYDENAS	TRUSTEE	0.25	—
JONAS DOVYDENAS	TRUSTEE	0.25	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Pine Needles Charitable Trust?

Pine Needles Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNEAPOLIS, MN. It holds $14.5M in total assets as of 2024.

How large is Pine Needles Charitable Trust?

As of 2024, Pine Needles Charitable Trust holds $14.5M in total assets with $1.5M in annual revenue. It awarded 1 grants totaling $938K in 2024.

Where does Pine Needles Charitable Trust operate?

Pine Needles Charitable Trust has awarded grants in Minnesota.

What size grants does Pine Needles Charitable Trust award?

In 2024, Pine Needles Charitable Trust awarded 1 grants totaling $938K — an average of about $938K per grant, based on its IRS Form 990 filings.

How much is Pine Needles Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Pine Needles Charitable Trust reported a distributable amount of $748K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.