Synergy Charitable Foundation
Synergy Charitable Foundation is a private foundation, based in Wayzata, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $20.2M in total assets. In 2024, it awarded 1 grant totaling $1.0M. Net investment income was $728K.
Synergy Charitable Foundation at a glance
In short: Synergy Charitable Foundation gave $1.0M across 1 grant in 2024 (avg $1.0M), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,000,000
- -14.3% vs 2023
- Grants made (2024)
- 1
- -50.0% vs 2023
- Average grant
- $1,000,000
- +71.4% vs 2023
- Median grant
- $1,000,000
- Total assets
- $20,209,710
- -1.4% vs 2023
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Synergy Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Minneapolis Foundation ($1.0M).
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 7 grants of 14 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Synergy Charitable Foundation gives
- Giving grew 567% from 2021 to 2024. Method
- In 2024 it paid out 93% 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
From 2021 to 2024, annual grant giving ranged from $150K (2021) to $1.3M (2022). In 2024 it made 1 grant totaling $1.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Minneapolis Foundation Minneapolis, MN | General Operating Fund | $1,000,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $20,209,710 | $809,854 | $1,092,653 | $1,000,000 | 1 | $1,001,750 | $728,274 | $1,072,679 |
| 2023 | $20,494,451 | $619,121 | $1,216,041 | $1,166,666 | 2 | $1,166,666 | $769,867 | $1,028,828 |
| 2022 | $21,093,291 | $8,194,828 | $1,320,002 | $1,308,334 | 3 | $1,308,334 | $200,345 | $709,500 |
| 2021 | $14,378,174 | $104,317 | $179,284 | $150,000 | 8 | $150,000 | $88,783 | $690,496 |
| 2020 | $14,414,507 | $25,787 | $9,918 | — | — | — | $20,828 | $64,756 |
Under IRS private-foundation payout rules, Synergy Charitable Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Synergy Charitable Foundation is led by Peter F. Pierce Jr., President since 2022 (on filings since 2020); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Peter F. Pierce Jr.
President
Director → President, 2022
On filings since 2020
1 hr/week
No compensation reported
Paul J. Dinzeo
Director & Secretary
President & Director → Director & Secretary, 2022
On filings since 2020
1 hr/week
No compensation reported
Tim Baer
Director & Treasurer
Director → Director & Treasurer, 2022
On filings since 2021
1 hr/week
No compensation reported
Former officers (2)
- Former: Margaret Cronin (2020–2021) — Director & Secretary
- Former: Carolyn L. Pierce (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.
Frequently asked questions about Synergy Charitable Foundation
How much does Synergy Charitable Foundation give each year?
Synergy Charitable Foundation gave $1.0M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.2M across 2 grants.
How large is Synergy Charitable Foundation?
Synergy Charitable Foundation reported $20.2M in total assets on its 2024 IRS Form 990-PF. It paid out $1.0M in qualifying distributions that year, against a required minimum of $1.1M (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.
Where does Synergy Charitable Foundation operate?
Synergy Charitable Foundation has awarded grants in Illinois, Maryland, Minnesota, Pennsylvania.
What is Synergy Charitable Foundation's EIN?
Synergy Charitable Foundation's EIN (Employer Identification Number) is 85-2787379. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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