The Afremov Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNETONKA, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 4 grants totaling $39K. Net investment income was $60K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
+1.0% YoY
Annual Giving
$39K
-72.4% YoY
Grant Count
4
-20.0% YoY
Avg Grant Size
$10K
-65.5% YoY
About The Afremov Foundation
Based on IRS filings
The Afremov Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNETONKA, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 4 grants totaling $39K. Net investment income was $60K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,115,609 | $2,094,549 | $2,136,472 |
| Revenue | $88,817 | $143,342 | $-119,642 |
| Expenses | $67,757 | $185,265 | $111,322 |
| Qualifying Distributions | $39,025 | $150,696 | $77,792 |
| Net Investment Income | $60,060 | $96,246 | $25,692 |
| Distributable Amount | $133,895 | $121,974 | $126,855 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL R AFREMOV | PRESIDENT | 1 | — |
| LORIE AFREMOV | SECRETARY/TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Clearway Minnesota (sm)
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Assets
—
Grants
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Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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