The Oak Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNEAPOLIS, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 19 grants totaling $138K. Net investment income was $63K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
-4.7% YoY
Annual Giving
$138K
-8.0% YoY
Grant Count
19
-9.5% YoY
Avg Grant Size
$7K
+1.7% YoY
Under IRS private-foundation payout rules, The Oak Foundation reported a distributable amount of $162K for 2024 — the minimum it must pay out in qualifying distributions.
About The Oak Foundation
Based on IRS filings
The Oak Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNEAPOLIS, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 19 grants totaling $138K. Net investment income was $63K.
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 | $1,936,150 | $2,031,485 | $2,115,012 |
| Revenue | $85,177 | $126,949 | $62,040 |
| Expenses | $180,512 | $210,476 | $284,899 |
| Qualifying Distributions | $145,046 | $162,974 | $239,732 |
| Net Investment Income | $63,217 | $80,815 | $36,458 |
| Distributable Amount | $162,203 | $147,405 | $154,665 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
91 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Our Lady of Peace ($25,000), Etown ($12,500), There With Care ($12,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ASSISTANCE DOGS OF HAWAII MAKAWAO, HI | ASSISTANCE DOGS NORTHWEST | $5,000 |
| COLORADO HORSE RESCUE LONGMONT, CO | UNRESTRICTED | $10,000 |
| ETOWN BOULDER, CO | UNRESTRICTED | $12,500 |
| GO4THEGOAL FOUNDATION CHERRY HILL, NJ | UNRESTRICTED | $4,000 |
| GROWING GARDENS OF BOULDER BOULDER, CO | UNRESTRICTED | $7,500 |
| ISLA URBANA USA SAN DIEGO, CA | UNRESTRICTED | $2,000 |
| KENZI'S CAUSES AURORA, CO | UNRESTRICTED | $10,000 |
| MINNESOTA INDEPENDENCE COLLEGE AND COMMUNITY RICHFIELD, MN | UNRESTRICTED | $5,000 |
| OCEAN DEFENDERS ALLIANCE HUNTINGTON BEACH, CA | UNRESTRICTED | $5,000 |
| OUR LADY OF PEACE ST PAUL, MN | UNRESTRICTED | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SALLY L MACMILLAN | DIRECTOR/VICE PRESIDENT | 0.25 | — |
| ROBERT THEILER | DIRECTOR/PRESIDENT/TREASURER | 0.25 | — |
| GLENNY LEGENDRE | DIRECTOR | 0.25 | — |
| TOM MCGINN | DIRECTOR | 0.25 | — |
| JOHN HENRY HULLSIEK | DIRECTOR/SECRETARY | 2 | — |
| CARGILL MACMILLAN III | DIRECTOR/VICE PRESIDENT | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Oak Foundation?
The Oak Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNEAPOLIS, MN. It holds $1.9M in total assets as of 2024.
How large is The Oak Foundation?
As of 2024, The Oak Foundation holds $1.9M in total assets with $85K in annual revenue. It awarded 19 grants totaling $138K in 2024.
Where does The Oak Foundation operate?
The Oak Foundation has awarded grants in California, Colorado, Hawaii, Illinois, Minnesota, New Jersey, New York, Oregon, Tennessee, Texas, Virginia, Vermont, Washington.
What size grants does The Oak Foundation award?
In 2024, The Oak Foundation awarded 19 grants totaling $138K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is The Oak Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Oak Foundation reported a distributable amount of $162K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Oak Foundation's EIN?
The Oak Foundation's EIN (Employer Identification Number) is 27-4741901. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Oak 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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