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
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
Ready to take the next step with The Jennifer Novak Foundation?
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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
7
Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Jennifer Novak Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities