Riverway Foundation
Riverway Foundation is a private foundation based in Edina, Minnesota. It supports grants to eligible charitable organizations and other organizations meeting the tax-status criteria stated in its filing.
Riverway Foundation at a glance
In short: Riverway Foundation gave $237K across 42 grants in 2025 (avg $6K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $237,350
- -13.1% vs 2024
- Grants made (2025)
- 42
- -14.3% vs 2024
- Average grant
- $5,651
- +1.4% vs 2024
- Median grant
- $3,000
- Total assets
- $3,296,828
- +1.8% vs 2024
- Primary geography
- Minnesota (86% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Riverway Foundation
- How to Apply
-
The filing lists Terry R Becker as the contact and requests a letter or statement that includes a copy of the applicant’s IRS determination letter. It says the foundation does not restrict giving to preselected organizations. Awards are restricted to qualifying tax-exempt organizations or organizations eligible to receive tax-deductible contributions under the provisions cited in the filing.
- Contact
Application contact: Terry R Becker
Mailing address: 6909 Dakota Trail, Edina, MN 55439
Phone: (952) 921-3994
Email: tbecker@riverway.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Riverway Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Hope Academy ($40K). Together the top 10 received $138K.
Grant Size Distribution
136 grants across all recorded years
The most common grant size was under $50K: 133 grants of 136 (98%).
Geographic Focus
Where this funder awards grants
In 2025, 86% of grant dollars went to Minnesota recipients, 11% to recipients in Washington, D.C., 2% to Illinois, and 1% to Maryland.
Grant Distribution by State
Share of 2025 grant dollars across all 42 itemized grants.
Cities
How Riverway Foundation gives
- 81% of 2025 grantees were also funded in 2024. Method
- Giving grew 28% from 2022 to 2025. Method
- In 2025 it paid out 121% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). 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 2019 to 2025, annual grant giving ranged from $185K (2022) to $273K (2024). In 2025 it made 42 grants totaling $237K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hope Academy Minneapolis, MN | General Funding | $39,850 |
| American Red Cross Washington, DC | General Funding | $25,000 |
| V3 Sports Minneapolis, MN | General Funding | $25,000 |
| Greater Minneapolis Crisis Nursery Minneapolis, MN | General Funding | $10,000 |
| Cristo Rey Minneapolis, MN | General Funding | $7,500 |
| Dunwoody Minneapolis, MN | P2C Program | $7,500 |
| Tree House Minneapolis, MN | General Funding | $7,500 |
| Alzheimer's Association Minnetonka, MN | General Funding | $6,000 |
| Catholic Charities Minneapolis, MN | General Funding | $5,000 |
| Living Lands & Waters East Moline, IL | General Funding | $5,000 |
Ready to take the next step with Riverway 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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,296,828 | $354,582 | $296,977 | $237,350 | 42 | $237,350 | $296,780 | $196,654 |
| 2024 | $3,239,927 | $209,996 | $336,690 | $273,200 | 49 | $273,200 | $148,446 | $196,773 |
| 2023 | $3,366,961 | $119,780 | $247,291 | $190,450 | 43 | $190,450 | $64,922 | $185,985 |
| 2022 | $3,505,987 | $218,705 | $247,716 | $185,200 | 1 | $187,636 | $158,625 | $190,586 |
| 2021 | $3,535,884 | $423,824 | $296,851 | $234,200 | 1 | $236,130 | $363,103 | $216,081 |
| 2020 | $3,413,190 | $294,379 | $242,923 | $186,300 | 1 | — | $237,829 | $188,433 |
| 2019 | $3,360,292 | $112,579 | $230,290 | $186,700 | 34 | — | $68,949 | $189,767 |
Under IRS private-foundation payout rules, Riverway Foundation reported a distributable amount of $197K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included organizations whose own missions address a range of needs. For example, Hope Academy describes its work as operating a K–12 school offering a classical Christian education in urban Minneapolis; V3 Sports says it works to elevate North Minneapolis through wellness, fitness, and education; and Greater Minneapolis Crisis Nursery says its mission is to end child abuse and neglect and create strong, healthy families.
Other 2024 recipients describe work supporting families with children battling cancer (Pinky Swear Foundation), inspiring character and community among students and educators (Youth Frontiers), and protecting and restoring major rivers and their watersheds (Living Lands & Waters).
Grantmaking
In filing year 2025, the foundation made 42 grants totaling $237,350. Grants ranged from $1,500 to $39,850, with a median grant of $3,000. The largest grants included $39,850 to Hope Academy, $25,000 each to the American Red Cross and V3 Sports, and $10,000 to Greater Minneapolis Crisis Nursery. The listed purposes for these grants were general funding, except for Dunwoody’s $7,500 P2C Program grant.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists these trustees: Terry R Becker, Laura Lee Baskerville Becker, Austin Bergren, Mary Becker Bergren, Adam D Becker, and Lee W Becker.
Riverway Foundation's 2025 filing lists 6 officers; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Austin Bergren
Trustee
On filings since 2019
No compensation reported
Laura Lee Baskerville Becker
Trustee
On filings since 2019
No compensation reported
Terry R. Becker
Trustee
On filings since 2019
No compensation reported
Adam D. Becker
Trustee
On filings since 2021
No compensation reported
Lee W. Becker
Trustee
On filings since 2021
No compensation reported
Mary Becker Bergren
Trustee
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Riverway Foundation
How much does Riverway Foundation give each year?
Riverway Foundation gave $237K across 42 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $273K across 49 grants.
What is Riverway Foundation's typical grant size?
Riverway Foundation's median grant in 2025 was $3,000, and its average grant was $5,651, across 42 grants on its 2025 IRS Form 990-PF.
Where does Riverway Foundation give grants?
Riverway Foundation gives mostly in Minnesota: 86% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (11%). The most frequent recipient cities were Minneapolis, MN (23 grants), St. Paul, MN (6 grants), Roseville, MN (3 grants) and Bloomington, MN (2 grants).
Does Riverway Foundation give general operating support?
Yes: 95% of Riverway Foundation's 2025 grants with a stated purpose (40 of 42) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Riverway Foundation's largest grantees?
Riverway Foundation's largest 2025 grantees include Hope Academy ($39,850), American Red Cross ($25,000) and V3 Sports ($25,000), according to its 2025 IRS Form 990-PF. Together they received 38% of its itemized 2025 grant dollars.
How large is Riverway Foundation?
Riverway Foundation reported $3.3M in total assets on its 2025 IRS Form 990-PF. It paid out $237K in qualifying distributions that year, against a required minimum of $197K (roughly 5% of its investment assets).
What does Riverway Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants included organizations whose own missions address a range of needs. See mission & focus areas ↑
How do I apply for a grant from Riverway Foundation?
The filing lists Terry R Becker as the contact and requests a letter or statement that includes a copy of the applicant’s IRS determination letter. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Riverway Foundation's EIN?
Riverway Foundation's EIN (Employer Identification Number) is 41-6406915. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 25, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 22, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 21, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 8, 2026)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in Riverway Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Minneapolis Foundation
Minneapolis, MN
The Minneapolis Foundation funds civic, social, and economic needs, including economic mobility, education, health, the environment, arts, and human services, with most grant dollars going to Minnesota. Its 2025 grants had a median of $25,000, though amounts varied widely. It says no funding opportunities are currently open; whether it accepts unsolicited requests is not stated.
Assets
$1.2B
Grants
1,565
Total Given
$121.7M
Saint Paul & Minnesota Foundation
St. Paul, MN
The Saint Paul & Minnesota Foundation funds community-led work in areas including economic opportunity, health and human services, youth and education, housing, and organizational capacity. Its 2025 grants had a median of $26,000; listed programs offer up to $50,000 for eligible East Metro work and up to $15,000 for qualifying Minnesota organizations. It accepts applications through specific programs, including rolling application opportunities; the Community Solutions Grant Program serves Dakota, Ramsey, and Washington counties.
Assets
$1.7B
Grants
1,473
Total Given
$107.2M
The Richard M Schulze Family Foundation
Minneapolis, MN
The Richard M. Schulze Family Foundation funds education, health care, and human services, including college scholarships, with most support benefiting working- and middle-class families in specified Minnesota and Florida counties; it also makes some national grants. Its 2024 grants had a median of $5,000, though awards ranged from $50 to $10 million. It plans to move to invitation-only grantmaking in 2027; whether it currently accepts unsolicited requests is not stated.
Assets
$218.3M
Grants
1,431
Total Given
$47.9M
Otto Bremer Trust
St. Paul, MN
The Otto Bremer Trust funds organizations and projects addressing community needs and opportunities, including health care and social services, in Minnesota, Montana, North Dakota, and Wisconsin. In 2025, grants ranged from $3,500 to $4.2 million, with a median of $150,000. It does not accept unsolicited requests or direct grant applications; Community Responsive Fund grants are offered through selected intermediaries.
Assets
$1.4B
Grants
180
Total Given
$57.2M
Ch Robinson Worldwide Foundation
Sioux Falls, SD
The foundation funds community needs, supply-chain and logistics initiatives, and environmental sustainability, with a Twin Cities program focused on hunger, shelter, K–12 education, and workforce development. Its 2024 grants ranged from $750 to $2.69 million, with a median of $5,000; its Twin Cities program focuses on Minneapolis–St. Paul, while grants also went to organizations elsewhere. The Strategic Industry program is invitation-only, while the Twin Cities program has an application process.
Assets
$18.2M
Grants
87
Total Given
$4.0M
The Walser Foundation
Bloomington, MN
The Walser Foundation supports education and career-training programs, including workforce development, in communities across Minnesota, Kansas, Illinois, New Mexico, and Georgia. Its 2024 grants ranged from $250 to $50,000, with a median of $5,000. It accepts unsolicited requests; organizations may apply once a year.
Assets
$12.2M
Grants
189
Total Given
$1.4M
More similar funders
More Funders in Minnesota
Cite this profile
Grantable. (2026). Riverway Foundation funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/riverway-foundation-morg_c15559ba8aea41148cce823fff4f8f10
BibTeX
@misc{grantable_416406915_2026,
author = {{Grantable}},
title = {{Riverway Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/riverway-foundation-morg_c15559ba8aea41148cce823fff4f8f10},
note = {Accessed 2026-10-16. 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 Riverway 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.
Riverway Foundation down — hundreds of funders to go?