The Hannah Lips Foundation
The Hannah Lips Foundation is a private foundation, based in Faribault, MN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $299K in total assets. In 2024, it awarded 7 grants totaling $27K. Net investment income was $17K.
The Hannah Lips Foundation at a glance
In short: The Hannah Lips Foundation gave $27K across 7 grants in 2024 (avg $4K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $26,605
- -37.3% vs 2023
- Grants made (2024)
- 7
- -12.5% vs 2023
- Average grant
- $3,801
- -28.4% vs 2023
- Median grant
- $4,000
- Total assets
- $298,826
- +8.1% vs 2023
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who The Hannah Lips Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was City of Faribault Park & Rec ($6K). Together the top 7 received $27K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 29 grants of 29 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
States
Cities
How The Hannah Lips Foundation gives
- Giving grew 495% from 2021 to 2024. Method
- In 2024 it paid out 193% 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 2024, annual grant giving ranged from $4K (2021) to $42K (2023). In 2024 it made 7 grants totaling $27K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City of Faribault Park & Rec Faribault, MN | Contribution - Health Field | $6,098 |
| Project Able - Faribault Public Schools Community Education Faribault, MN | Contribution - Health Field | $6,000 |
| Faribault School #656 Faribault, MN | Contribution - Health Field | $5,000 |
| Rice County Activity Center Faribault, MN | Contribution - Health Field | $4,000 |
| Infants Remembered in Silence Faribault, MN | Contribution - Health Field | $2,500 |
| Ruth's House of Hope Faribault, MN | Contribution - Health Field | $2,000 |
| Rice County Friendship House Faribault, MN | Contribution - Health Field | $1,007 |
Ready to take the next step with The Hannah Lips Foundation?
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 | $298,826 | $17,545 | $30,734 | $26,605 | 7 | $27,910 | $17,163 | $14,446 |
| 2023 | $276,470 | $18,908 | $45,570 | $42,439 | 8 | $43,744 | $18,469 | $14,050 |
| 2022 | $316,628 | $16,826 | $36,332 | $31,010 | 9 | $32,462 | $15,374 | $16,527 |
| 2021 | $396,446 | $15,037 | $8,057 | $4,471 | 3 | — | $16,857 | $18,921 |
| 2020 | $372,555 | $19,137 | $11,762 | $7,997 | 2 | — | $18,371 | $17,936 |
| 2019 | $346,537 | $19,628 | $13,998 | $9,000 | 1 | — | $18,802 | $16,959 |
Under IRS private-foundation payout rules, The Hannah Lips Foundation reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Hannah Lips Foundation is led by Debbie Purfeerst, President on every filing since 2020; all 7 officers listed in 2024 are compensated.
Officers on the 2024 filing
Debbie Purfeerst
President
On filings since 2020
0.1 hrs/week
$651 (2020) → $290 (2024)
Dustin Simpson
Director
On filings since 2020
0.1 hrs/week
$100 (2020) → $290 (2024)
Mary Isaacson
Director
On filings since 2020
0.1 hrs/week
$145 (2021) → $290 (2024)
Marcia Lips Barrett
Director
On filings since 2023
0.1 hrs/week
$290 (2023) → $290 (2024)
Debbie Bellingham
Secretary
On filings since 2019
0.1 hrs/week
$580 (2019) → $580 (2024)
Debra Kuball
Vice President
On filings since 2019
0.1 hrs/week
$100 (2020) → $290 (2024)
Curt Becher
Treasurer
On filings since 2020
0.1 hrs/week
$580 (2021) → $580 (2024)
Former officers (7)
- Former: Ruth McCormick (2019–2022) — Former President
- Former: Peggy Gardner (2020–2022) — Director
- Former: Dennis Burgess (2019) — Director
- Former: James Wolf (2019) — Director
- Former: Mary Ho (2019) — Director
- Former: Robert Speckhals (2019) — Director
- Former: Timothy Justin (2019) — Treasurer
Data from IRS Form 990 filings, 2019–2024. "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 $580, to Debbie Bellingham (Secretary). 7 officers or directors reported compensation on that filing.
Frequently asked questions about The Hannah Lips Foundation
How much does The Hannah Lips Foundation give each year?
The Hannah Lips Foundation gave $27K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $42K across 8 grants.
What is The Hannah Lips Foundation's typical grant size?
The Hannah Lips Foundation's median grant in 2024 was $4,000, and its average grant was $3,801, across 7 grants on its 2024 IRS Form 990-PF.
Where does The Hannah Lips Foundation give grants?
The Hannah Lips Foundation gives mostly in Minnesota: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Faribault, MN (7 grants).
Does The Hannah Lips Foundation give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on The Hannah Lips Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Contribution - Health Field" (7 grants).
Who are The Hannah Lips Foundation's largest grantees?
The Hannah Lips Foundation's largest 2024 grantees include City of Faribault Park & Rec ($6,098), Project Able - Faribault Public Schools Community Education ($6,000) and Faribault School #656 ($5,000), according to its 2024 IRS Form 990-PF. Together they received 64% of its itemized 2024 grant dollars.
How large is The Hannah Lips Foundation?
The Hannah Lips Foundation reported $299K in total assets on its 2024 IRS Form 990-PF. It paid out $28K in qualifying distributions that year, against a required minimum of $14K (roughly 5% of its investment assets).
What is The Hannah Lips Foundation's EIN?
The Hannah Lips Foundation's EIN (Employer Identification Number) is 41-1344355. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 17, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 19, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 18, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 15, 2025)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in The Hannah Lips Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Faribault Foundation Inc
Faribault, MN
The Faribault Foundation supports community-benefiting projects and local nonprofit services that improve quality of life in the greater Faribault, Minnesota, area. Its CommUnity Micro Grants are generally $500–$1,000; its 2025 grants ranged from $6,000 to $223,442, with a median of $10,250. It offers an application process for local nonprofits through its microgrant program; the profile does not state whether it accepts unsolicited requests for other grants.
Assets
$4.7M
Grants
12
Total Given
$376K
IBM International Foundation
Armonk, NY
The IBM International Foundation funds education and workforce programs that build 21st-century and technology job skills, including initiatives for underserved students and job seekers. Its 2024 grants ranged from $10,000 to $8.48 million, with a median of $100,000, and went to organizations across several U.S. states, especially Delaware and Massachusetts. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$357.7M
Grants
16
Total Given
$11.7M
Gary Philanthropy
Denver, CO
Gary Philanthropy supports long-term opportunities for Colorado children and families, including early childhood, education, youth well-being, economic mobility, and family wealth building, with a focus on lower-income communities and four Denver-area counties. Recent annual grant totals were about $5.6 million to $8.6 million, but typical award sizes are not stated; one listed opportunity offers up to $40,000. It accepts only requests from preselected organizations and does not accept unsolicited funding requests.
Assets
$191.2M
Grants
1
Total Given
$5.6M
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
Eddy Foundation Char Trust U W
Duluth, MN
Assets
$3.2M
Grants
3
Total Given
$249K
Killen Scholarship Trust
Saint Louis, MO
Assets
$318K
Grants
8
Total Given
$14K
More similar funders
More Funders in Minnesota
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The Hannah Lips Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
The Hannah Lips Foundation down — hundreds of funders to go?