The Afremov Foundation
The Afremov Foundation is a private foundation, 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.
The Afremov Foundation at a glance
In short: The Afremov Foundation gave $39K across 4 grants in 2024 (avg $10K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $39,000
- -72.4% vs 2023
- Grants made (2024)
- 4
- -20.0% vs 2023
- Average grant
- $9,750
- -65.5% vs 2023
- Median grant
- $4,000
- Total assets
- $2,115,609
- +1.0% vs 2023
- Primary geography
- Minnesota (97% 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 The Afremov Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Spring Forest Qigong ($30K). Together the top 4 received $39K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 17 grants of 20 (85%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How The Afremov Foundation gives
- Giving fell 49% from 2021 to 2024. Method
- In 2024 it paid out 29% 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 2020 to 2024, annual grant giving ranged from $39K (2024) to $141K (2023). In 2024 it made 4 grants totaling $39K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Spring Forest Qigong Eden Prairie, MN | General Purpose | $30,000 |
| Jewish Community Relations Council St Louis Park, MN | General Purpose | $5,000 |
| The Gyuto Wheel of Dharma Monastery Minneapolis, MN | General Purpose | $3,000 |
| Tunnel to Towers Foundation Staten Island, NY | General Purpose | $1,000 |
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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 | $2,115,609 | $88,817 | $67,757 | $39,000 | 4 | $39,025 | $60,060 | $133,895 |
| 2023 | $2,094,549 | $143,342 | $185,265 | $141,100 | 5 | $150,696 | $96,246 | $121,974 |
| 2022 | $2,136,472 | $-119,642 | $111,322 | $70,000 | 4 | $77,792 | $25,692 | $126,855 |
| 2021 | $2,367,436 | $303,918 | $127,185 | $76,500 | 3 | $80,810 | $248,948 | $151,830 |
| 2020 | $2,190,703 | $464,792 | $94,712 | $54,500 | 4 | — | $418,153 | $122,104 |
Under IRS private-foundation payout rules, The Afremov Foundation reported a distributable amount of $134K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Afremov Foundation is led by Michael R. Afremov, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael R. Afremov
President
On filings since 2020
1 hr/week
No compensation reported
Lorie Afremov
Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
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 The Afremov Foundation
How much does The Afremov Foundation give each year?
The Afremov Foundation gave $39K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $141K across 5 grants.
What is The Afremov Foundation's typical grant size?
The Afremov Foundation's median grant in 2024 was $4,000, and its average grant was $9,750, across 4 grants on its 2024 IRS Form 990-PF.
Where does The Afremov Foundation give grants?
The Afremov Foundation gives mostly in Minnesota: 97% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does The Afremov Foundation give general operating support?
Yes: 100% of The Afremov Foundation's 2024 grants with a stated purpose (4 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is The Afremov Foundation?
The Afremov Foundation reported $2.1M in total assets on its 2024 IRS Form 990-PF. It paid out $39K in qualifying distributions that year, against a required minimum of $134K (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 The Afremov Foundation's EIN?
The Afremov Foundation's EIN (Employer Identification Number) is 20-3137478. 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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