The Ankeny Foundation
The Ankeny Foundation is a private foundation, based in Minnetonka, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.4M in total assets. In 2025, it awarded 4 grants totaling $303K. Net investment income was $427K.
The Ankeny Foundation at a glance
In short: The Ankeny Foundation gave $303K across 4 grants in 2025 (avg $76K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $303,000
- -33.3% vs 2024
- Grants made (2025)
- 4
- -20.0% vs 2024
- Average grant
- $75,750
- -16.7% vs 2024
- Median grant
- $76,500
- Total assets
- $3,414,649
- +4.0% vs 2024
- Primary geography
- California (65% 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 The Ankeny Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Schwab Charitable Fund ($148K). Together the top 4 received $303K.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was under $50K: 25 grants of 34 (74%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How The Ankeny Foundation gives
- Giving grew 64% from 2022 to 2025. Method
- In 2025 it paid out 132% of its IRS minimum distribution (the 5% rule). 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 2019 to 2025, annual grant giving ranged from $179K (2020) to $455K (2024). In 2025 it made 4 grants totaling $303K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Schwab Charitable Fund San Francisco, CA | General Operations | $148,000 |
| Dartmouth College Hanover, NH | General Operations | $103,000 |
| Curebound Inc San Diego, CA | General Operations | $50,000 |
| New York Road Runners Inc New York, NY | General Operations | $2,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,414,649 | $465,432 | $339,483 | $303,000 | 4 | $303,000 | $427,205 | $229,698 |
| 2024 | $3,282,871 | $135,868 | $488,465 | $454,500 | 5 | $462,116 | $109,519 | $217,436 |
| 2023 | $3,594,346 | $1,880,425 | $279,191 | $241,500 | 22 | $260,113 | $87,074 | $195,367 |
| 2022 | $1,990,429 | $590,081 | $219,055 | $185,100 | 3 | $198,795 | $569,821 | $171,041 |
| 2021 | $2,131,512 | $83,825 | $19,882 | — | — | — | $65,143 | $139,361 |
| 2020 | $2,067,569 | $219,421 | $205,905 | $179,150 | 6 | — | $51,432 | $142,626 |
| 2019 | $2,172,683 | $328,085 | $293,971 | $275,000 | 3 | — | $170,117 | $137,027 |
Under IRS private-foundation payout rules, The Ankeny Foundation reported a distributable amount of $230K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Ankeny Foundation is led by Don Ankeny, President since 2022 (on filings since 2019); none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Don Ankeny
President
Secretary → President, 2022
On filings since 2019
No compensation reported
Charles W. Ankeny
Trustee
On filings since 2022
No compensation reported
Harriet Chute
Trustee
On filings since 2022
No compensation reported
Sarah Reiley
Trustee
On filings since 2022
No compensation reported
Phil Ankeny
Secretary & Treasurer
Treasurer → Secretary & Treasurer, 2022
On filings since 2019
No compensation reported
Former officers (2)
- Former: Dewalt H. Ankeny Jr. (2019–2021) — President
- Former: Margaret Ankeny (2019–2021) — Trustee
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 The Ankeny Foundation
How much does The Ankeny Foundation give each year?
The Ankeny Foundation gave $303K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $455K across 5 grants.
What is The Ankeny Foundation's typical grant size?
The Ankeny Foundation's median grant in 2025 was $76,500, and its average grant was $75,750, across 4 grants on its 2025 IRS Form 990-PF.
Where does The Ankeny Foundation give grants?
The Ankeny Foundation gives mostly in California: 65% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New Hampshire (34%).
Does The Ankeny Foundation give general operating support?
Yes: 100% of The Ankeny Foundation's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is The Ankeny Foundation?
The Ankeny Foundation reported $3.4M in total assets on its 2025 IRS Form 990-PF. It paid out $303K in qualifying distributions that year, against a required minimum of $230K (roughly 5% of its investment assets).
What is The Ankeny Foundation's EIN?
The Ankeny Foundation's EIN (Employer Identification Number) is 41-6024188. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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 January 30, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 2, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS December 13, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 2, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 30, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 17, 2026)
- IRS filings on file for fiscal years 2019–2025
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