The Jennifer Novak Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MEDINA, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $726K in total assets. In 2024, it awarded 6 grants totaling $52K. Net investment income was $12K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$726K
-5.2% YoY
Annual Giving
$52K
-1.9% YoY
Grant Count
6
+20.0% YoY
Avg Grant Size
$9K
-18.2% YoY
Under IRS private-foundation payout rules, The Jennifer Novak Foundation reported a distributable amount of $59K for 2024 — the minimum it must pay out in qualifying distributions.
About The Jennifer Novak Foundation
Based on IRS filings
The Jennifer Novak Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MEDINA, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $726K in total assets. In 2024, it awarded 6 grants totaling $52K. Net investment income was $12K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $725,630 | $765,717 | $827,285 |
| Revenue | $27,018 | $6,507 | $24,952 |
| Expenses | $67,105 | $68,075 | $76,090 |
| Qualifying Distributions | $51,750 | $52,750 | $60,750 |
| Net Investment Income | $11,663 | $6,460 | $9,612 |
| Distributable Amount | $59,133 | $51,121 | $48,132 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Phillip the Deacon ($20,000), Guthrie Theatre Foundation ($10,000), Hennepin Arts ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GUTHRIE THEATRE FOUNDATION MINNEAPOLIS, MN | GENERAL | $10,000 |
| HENNEPIN ARTS MINNEAPOLIS, MN | GENERAL | $10,000 |
| ST PHILLIP THE DEACON PLYMOUTH, MN | GENERAL | $20,000 |
| THEATRE LATTE DA MINNEAPOLIS, MN | GENERAL | $5,000 |
| WALLIN EDUCATION PARTNERS ST PAUL, MN | GENERAL | $5,750 |
| AMERICAN SWEDISH INSTITUTE MINNEAPOLIS, MN | GENERAL | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NICHOLAS NOVAK | TRUSTEE | 10 | $14,400 |
| JENNIFER NOVAK | TRUSTEE | — | — |
| JAY NOVAK | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Jennifer Novak Foundation?
The Jennifer Novak Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MEDINA, MN. It holds $726K in total assets as of 2024.
How large is The Jennifer Novak Foundation?
As of 2024, The Jennifer Novak Foundation holds $726K in total assets with $27K in annual revenue. It awarded 6 grants totaling $52K in 2024.
Where does The Jennifer Novak Foundation operate?
The Jennifer Novak Foundation has awarded grants in California, Minnesota.
What size grants does The Jennifer Novak Foundation award?
In 2024, The Jennifer Novak Foundation awarded 6 grants totaling $52K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is The Jennifer Novak Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Jennifer Novak Foundation reported a distributable amount of $59K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Jennifer Novak Foundation's EIN?
The Jennifer Novak Foundation's EIN (Employer Identification Number) is 26-0761161. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Jennifer Novak Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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