The Beim Foundation
The Beim Foundation is a private foundation, based in Minneapolis, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.0M in total assets. In 2024, it awarded 1 grant totaling $531K. Net investment income was $1.2M.
Key facts about The Beim Foundation
In short: The Beim Foundation gave $531K across 1 grant in 2024 (avg $531K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- EIN
- 41-6022529
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $530,500
- Grants made (2024)
- 1
- Average grant
- $530,500
- Median grant
- $530,500
- Total assets
- $11,987,295
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated October 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.0M
+4.7% YoY
Annual Giving
$531K
+3.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$531K
+3.4% YoY
Under IRS private-foundation payout rules, The Beim Foundation reported a distributable amount of $754K for 2024 — the minimum it must pay out in qualifying distributions.
How The Beim Foundation gives
- Giving fell 27% from 2021 to 2024. Method
- In 2024 it paid out 91% 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.
Open Grants
2 open opportunities from The Beim Foundation
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $513K (2023) to $724K (2021). In 2024 it made 1 grant totaling $531K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was See Attachment 1 ($531K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 5 grants of 5 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attachment 1 Minneapolis, MN | See Attachment 1 | $530,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,987,295 | $11,448,952 | $11,520,618 |
| Revenue | $1,281,880 | $615,033 | $515,211 |
| Expenses | $743,537 | $686,699 | $831,454 |
| Qualifying Distributions | $686,317 | $647,144 | $763,562 |
| Net Investment Income | $1,237,660 | $575,478 | $476,305 |
| Distributable Amount | $753,700 | $683,726 | $710,331 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 18, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 23, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 28, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 20, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
The Beim Foundation is led by Scott Russell, President on every filing since 2020; 7 of 10 officers listed in 2024 are compensated.
Officers on the 2024 filing
Scott Russell
President
On filings since 2020
6 hrs/week
$240 (2021) → $570 (2024)
Allison Villani
Director
On filings since 2020
1 hr/week
$550 (2023) → $570 (2024)
Erik Arnold
Director
On filings since 2020
1 hr/week
$240 (2021) → $570 (2024)
Jim McKim
Director
On filings since 2020
1 hr/week
$500 (2022) → $285 (2024)
Julie Packard
Director
On filings since 2020
1 hr/week
$240 (2021) → $285 (2024)
Stefanie McKim
Director
On filings since 2020
1 hr/week
$250 (2022) → $570 (2024)
Peter Russell
Director
On filings since 2020
1 hr/week
No compensation reported
Annie Russell - Weaver
Director
On filings since 2021
1 hr/week
No compensation reported
Leo Packard
Director
New on the 2024 filing
1 hr/week
No compensation reported
Jack Stephenson
Treasurer
On filings since 2020
3 hrs/week
$500 (2022) → $570 (2024)
Former officers (2)
- Former: Sam Packard (2020–2022) — Director
- Former: Annie Russell (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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $570, to Scott Russell (President). 7 officers or directors reported compensation on that filing.
Frequently asked questions about The Beim Foundation
How much does The Beim Foundation give each year?
The Beim Foundation gave $531K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $513K across 1 grant.
How large is The Beim Foundation?
The Beim Foundation reported $12.0M in total assets on its 2024 IRS Form 990-PF. It paid out $686K in qualifying distributions that year, against a required minimum of $754K (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 The Beim Foundation operate?
The Beim Foundation has awarded grants in Minnesota.
What is The Beim Foundation's EIN?
The Beim Foundation's EIN (Employer Identification Number) is 41-6022529. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Beim Foundation by hand.
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