The Jaye F and Betty F Dyer Foundation

MINNEAPOLIS, MN EIN: 41-1390020

The Jaye F and Betty F Dyer Foundation is a private family foundation established in 1977 in Minnesota. The foundation is based in Minneapolis, Minnesota, with an office address at 10 Munn Drive, Asheville, NC 28805-1526. It operates as a 501(c)(3) tax-exempt organization and has been designated as tax-exempt since June 1979.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

Annual Giving

$539K

+4.1% YoY

Grant Count

36

-5.3% YoY

Avg Grant Size

$15K

+9.8% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation supports medicine and health, social service agencies, community development, and youth organizations. Its primary focus is on self-sufficiency through employment programs targeting three key populations: individuals with disabilities, minority teens, and the long-term unemployed.

Grantmaking

The foundation is an active grantmaker with a significant portfolio of grants. Recent financial data shows:

Grant Range

**: $10,000

Average Grant

**: $14,100

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in Minneapolis, Minnesota and surrounding areas. Recent grant activity indicates funding in Fort Wayne and other regional locations.

Grant Distribution by State

2states

Cities

HOPKINSHopkinsMINNEAPOLISMinneapolisNAPLESNaplesROCHESTERRochesterSAINT PAULSaint Paul

Financial History

Multi-year comparison from IRS filings

Assets and Revenue (2024):

  • Total assets: $5.68 million to $11 million
  • Annual revenue: $582,000 to $589,800
  • Annual expenses: $594,000
  • Total liabilities: $0

Historical giving capacity: The foundation maintains consistent annual distributions in the $500,000+ range, demonstrating stable funding capacity.

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$0.275$0.55$0.8250000000000001$1.120202021202220232024
Metric202420232022
Total Assets
Revenue
Expenses
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$137K$275K$412K$549K37 grants202034 grants202139 grants202238 grants202336 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

MICROGRANTS$75KPROJECT FOR PRIDE IN LIV…$35KFRIENDS OF THE GLOBAL MA…$30KMAD DADS OF MINNEAPOLIS$30KMAYO CLINIC DEPARTMENT O…$25KTHE BRIDGE FOR YOUTH$25KWOMEN VENTURE$25KAMERICAN RED CROSS$20KEMERGE COMMUNITY DEVELOP…$20KSUMMIT ACADEMY$20K

Grant Size Distribution

184 grants across all recorded years

175<$50K9$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

Key leadership includes:

  • Jill M Dyer - Director, President
  • Michael J Dyer - Director, President
  • Joseph F Dyer - Vice President
  • Joe Selvaggio - Director
  • Darlene L McGee - Vice President of Administration

The foundation was established by Jaye F. Dyer and his wife Betty. Jaye F. Dyer (1927-2009) was a business leader and philanthropist who founded Dyco Petroleum Corporation in 1971 and served on numerous corporate and nonprofit boards throughout his career.

Compensation Overview

From 2024 IRS filing

DARLENE L MCGEEVPOF ADMIN$46K

From 2024 filing

NameTitleHoursCompensation
JILL M DYERDirPresident
DARLENE L MCGEEVPOF ADMIN108$46,000
JOSEPH F DYERVICE-PRES
MEGAN F DYERDIRECTOR
LAURA RIDDERINGDIRECTOR

Recent News & Activity

Recent developments and announcements

The foundation has been active in recent years with several notable initiatives:

Launched a Black-owned business grant program that has distributed grants to local Black-owned businesses

Dyer Family Foundation program distributes grants to 25 local, black-owned
2024

The Black-owned business grant program distributed grants to 25 local Black-owned businesses in 2024

Dyer Family Foundation program distributes grants to 25 local, black-owned

Grant awards have been distributed for at least three consecutive years through this program

Dyer Family Foundation program distributes grants to 25 local, black-owned

The foundation has established the "Dyer Difference Award" to honor history and heritage

Dyer Difference Award honors history and heritage

Related Funders

Similar funders by location and focus area

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

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