Soar Foundation

Private foundation · Grantmaker Minneapolis, MN EIN: 41-1880574

Soar Foundation is a private foundation, based in Minneapolis, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 6 grants totaling $17K. Net investment income was $73K.

Soar Foundation at a glance

In short: Soar Foundation gave $17K across 6 grants in 2025 (avg $3K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$17,340
-54.4% vs 2024
Grants made (2025)
6
-62.5% vs 2024
Average grant
$2,890
+21.6% vs 2024
Median grant
$1,400
Total assets
$1,077,210
+18.3% vs 2024
Primary geography
Minnesota (78% 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 Soar Foundation funds

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2025

Temple Israel: $8KTemple Israel$8KU of MN: $5KU of MN$5KLaaretz: $2KLaaretz$2KSteadman: $1KSteadman$1KSoulful Impact: $1KSoulful Impact$1KChuck & Don's: $92Chuck & Don's$92

The largest 2025 recipient was Temple Israel ($8K). Together the top 6 received $17K.

Grant Size Distribution

63 grants across all recorded years

63<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 63 grants of 63 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

9states

Share of 2025 grant dollars across all 6 itemized grants.

Cities

MinneapolisMinnetonkaEden PrairieSt. PaulNew YorkMinnetonakaRichfieldAspenBrooklynDenverLa CostaMalibuWoodcliff LakeBasaltBloomingtonCalabasasCarbondaleIndianapolisMaple GroveRiverside

How Soar Foundation gives

  • Giving fell 73% from 2022 to 2025. Method
  • In 2025 it paid out 32% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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

$0$50K$100K$150K14 grants2020 8 grants2021 20 grants2022 13 grants2023 16 grants2024 6 grants2025

From 2020 to 2025, annual grant giving ranged from $17K (2025) to $122K (2020). In 2025 it made 6 grants totaling $17K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Temple Israel Minneapolis, MNCharitable Giving$8,448
U of MN Minneapolis, MNCharitable Giving$5,000
Laaretz Brooklyn, NYCharitable Giving$1,800
Steadman Vail, COCharitable Giving$1,000
Soulful Impact Carbondale, COCharitable Giving$1,000
Chuck & Don's Minnetonka, MNCharitable Giving$92
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$1,077,210$123,782$45,658$17,3406$17,340$73,362$54,396
2024$910,673$162,416$94,311$38,03316$38,033$111,417$52,275
2023$894,486$160,932$62,728$48,73813$48,738$144,772$44,314
2022$797,685$89,403$79,493$63,09520$63,095$3,993$50,001
2021$798,910$154,267$60,679$43,7288$45,960$73,681$47,470
2020$702,680$53,529$132,683$122,43614—$5,197$46,307

Under IRS private-foundation payout rules, Soar Foundation reported a distributable amount of $54K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Soar Foundation is led by William Weisman, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • William Weisman

    President

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Alyn Weisman

    Secretary

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Charles Weisman

    Treasurer

    On filings since 2020

    0.3 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2025. "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 Soar Foundation

How much does Soar Foundation give each year?

Soar Foundation gave $17K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $38K across 16 grants.

What is Soar Foundation's typical grant size?

Soar Foundation's median grant in 2025 was $1,400, and its average grant was $2,890, across 6 grants on its 2025 IRS Form 990-PF.

Where does Soar Foundation give grants?

Soar Foundation gives mostly in Minnesota: 78% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Colorado (12%) and New York (10%). The most frequent recipient cities were Minneapolis, MN (2 grants).

Does Soar Foundation give general operating support?

Not in 2025: none of the 6 grants with a stated purpose on Soar Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable Giving" (6 grants).

Who are Soar Foundation's largest grantees?

Soar Foundation's largest 2025 grantees include Temple Israel ($8,448), U of MN ($5,000) and Laaretz ($1,800), according to its 2025 IRS Form 990-PF. Together they received 88% of its itemized 2025 grant dollars.

How large is Soar Foundation?

Soar Foundation reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $17K in qualifying distributions that year, against a required minimum of $54K (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 is Soar Foundation's EIN?

Soar Foundation's EIN (Employer Identification Number) is 41-1880574. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(7)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS September 3, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 9, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS October 13, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 8, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS September 9, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS July 29, 2026)
  7. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Soar 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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