The Depot Foundation

Foundation · Grantmaker DULUTH, MN EIN: 41-1356072

The Depot Foundation is a nonprofit organization, based in DULUTH, MN. IRS filing data is available from 2021 through 2024. In 2024, it awarded 33 grants totaling $493K.

Key facts about The Depot Foundation

EIN
41-1356072
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$493,041
Grants made (2024)
33
Average grant
$14,941
Median grant
$3,605
New grantees (estimate)
20% first-time grantees (2 of 10, 2024)
Primary geography
Minnesota (97% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated April 2026. New grantees are estimated by matching recipient names across years (methodology).

Who The Depot Foundation funds

By grant dollars, the top recipient states for The Depot Foundation's 33 itemized 2024 grants were Minnesota (97%). The most frequent recipient cities were Duluth, MN (31 grants). 24% of grants with a stated purpose were for general or operating support. Recurring purposes include "Hanft Fride Voucher Program" (5 grants) and "Arts for All Scholarships" (3 grants).

Is The Depot Foundation open to new grantees?

20%

first-time grantees, 2024

In 2024, 2 of 10 grantees (20%) were first-time recipients. First grants averaged $8K; repeat grants $57K. How we count

Medians: $8K first-time, $50K repeat.

  • 80% of 2024 grantees were also funded in 2023. Method
  • Giving grew 54% from 2021 to 2024. Method

Estimate from itemized IRS Form 990-PF grant lists (2021–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$493K

+3.8% YoY

Grant Count

33

+50.0% YoY

Avg Grant Size

$15K

-30.8% YoY

About The Depot Foundation

Based on IRS filings

The Depot Foundation is a nonprofit organization, based in DULUTH, MN. IRS filing data is available from 2021 through 2024. In 2024, it awarded 33 grants totaling $493K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of all 33 itemized 2024 grant dollars.

Cities

DuluthBrooklynMilwaukee

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$0.275$0.55$0.8250000000000001$1.12021202220232024
Metric202420232022
Total Assets———
Revenue———
Expenses———
Qualifying Distributions———
Net Investment Income———
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2024

Giving Over Time

Total grant dollars and number of grants per year

$0$123K$247K$370K$493K15 grants202126 grants202222 grants202333 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

St Louis County - the Depot: $152K across 2 grantsSt Louis County - the Depot$152K · 2 grantsDuluth Art Institute: $106K across 4 grantsDuluth Art Institute$106K · 4 grantsLake Superior Railroad Museum: $79K across 4 grantsLake Superior Railroad Museum$79K · 4 grantsMinnesota Ballet: $70K across 7 grantsMinnesota Ballet$70K · 7 grantsDuluth Superior Symphony Orchestra: $56K across 8 grantsDuluth Superior SymphonyOrchestra$56K · 8 grantsThe 24 Hour Company: $10KThe 24 Hour Company$10KSt Louis County Historical Society: $10K across 4 grantsSt Louis County HistoricalSociety$10K · 4 grantsLake Arts Project Inc: $6KLake Arts Project Inc$6KArrowhead Chorale: $2KArrowhead Chorale$2KDepot Foundation: $2KDepot Foundation$2K

Grant Size Distribution

96 grants across all recorded years

84<$50K9$50–100K3$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include St Louis County - the Depot ($152,154 across 2 grants), Duluth Art Institute ($106,498 across 4 grants), Lake Superior Railroad Museum ($78,840 across 4 grants).

RecipientPurposeAmount
ST LOUIS COUNTY - THE DEPOT DULUTH, MNTHEATRE RIGGING UPGRADE$149,000
DULUTH ART INSTITUTE DULUTH, MNOPERATING - DESIGNATED FUNDS$68,300
LAKE SUPERIOR RAILROAD MUSEUM DULUTH, MNOPERATING - DESIGNATED FUNDS$67,491
DULUTH ART INSTITUTE DULUTH, MNARTIST EXHIBITS$35,617
MINNESOTA BALLET DULUTH, MNREMODEL OF STUDIO 4$33,703
DULUTH SUPERIOR SYMPHONY ORCHESTRA DULUTH, MNPERFORMANCE "A SOLDIER'S TALE"$20,600
MINNESOTA BALLET DULUTH, MNARTS FOR ALL SCHOLARSHIPS$16,373
DULUTH SUPERIOR SYMPHONY ORCHESTRA DULUTH, MN2023-2024 CONCERT SERIES SUPPORT$11,252
MINNESOTA BALLET DULUTH, MNREVITALIZE PERFORMING ARTS WING$10,000
THE 24 HOUR COMPANY BROOKLYN, NYHEROES OF THE FOURTH TURNING - PLAY$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

NameTitleHoursCompensation
Amy HietapeltoChair1—
Amy KuronenVice-Chair——
Karol SowersSecretary——
Bill GravelleTreasurer——
Dennis LamkinDirector——
Rick LubbersDirector——
R Craft DryerDirector——
Chrstine MeloneDirector——
Robert FischerDirector——
Barb PerrellaDirector——
Elissa HusbyDirector——
Jill Pinkney PastranaDirector——
Kris KapsnerDirector——
Pat CutshallDirector——
Jenny MillerDirector——

Frequently Asked Questions

Where does The Depot Foundation operate?

The Depot Foundation has awarded grants in Minnesota, New York, Wisconsin.

What size grants does The Depot Foundation award?

In 2024, The Depot Foundation awarded 33 grants totaling $493K — an average of about $15K per grant, based on its IRS Form 990 filings.

What is The Depot Foundation's EIN?

The Depot Foundation's EIN (Employer Identification Number) is 41-1356072. IRS Form 990 filing data is available on this page for 2021–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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