The Rum Fund is a private foundation based in Wayzata, Minnesota, established in 1998. It operates as a 501(c)(3) philanthropic organization with a broad geographic reach across the United States, supporting initiatives in arts and culture, education, and religion.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.9M
-2.9% YoY
Annual Giving
$470K
+15.4% YoY
Grant Count
36
-12.2% YoY
Avg Grant Size
$13K
+31.5% YoY
Under IRS private-foundation payout rules, The Rum Fund reported a distributable amount of $240K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The fund focuses on supporting projects in three primary areas:
- Arts and Culture
- Education
- Religion
Grantmaking
The fund is open to new applicants, with approximately 12% of new applicants receiving funding.
Grant Range
$42
Average Grant
$42
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Geographic Focus
Where this funder awards grants
The Rum Fund supports projects across multiple U.S. states and cities, including:
- Minnesota
- California
- New York
- Texas
- Alabama
- Arizona
- Colorado
- Washington, D.C.
- Florida
- Illinois
- Ohio
- Pennsylvania
The fund has a broad geographical reach, supporting projects in major cities such as Los Angeles, New York, and Washington, D.C.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount |
|---|---|
| Total Assets | $3,011,544 |
| Annual Grants (2024) | $407,236 |
| Annual Revenue | $316,414 |
| Annual Expenses | $437,506 |
| Asset Growth | +2.6% from previous year |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,923,366 | $3,011,544 | $3,112,634 |
| Revenue | $409,160 | $316,414 | $196,564 |
| Expenses | $497,297 | $437,506 | $589,349 |
| Qualifying Distributions | $470,732 | $407,887 | $563,238 |
| Net Investment Income | $370,272 | $280,782 | $155,078 |
| Distributable Amount | $240,048 | $226,300 | $244,460 |
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
210 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of MN Foundation ($100,000), Minnesota Orchestra Association ($93,333), Planned Parenthood of America ($60,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 180 Degrees Inc Minneapolis, MN | General operations | $1,000 |
| A Long Swim Barrington, IL | General operations | $780 |
| Center for Science and Public Interest Washington, DC | General operations | $75 |
| Central Synagogue New York, NY | General operations | $5,000 |
| Children's Theatre Company Minneapolis, MN | General operations | $27,500 |
| Evan's Scholars Foundation Glenview, IL | General operations | $250 |
| Fanfare for the Commons Excelsior, MN | General operations | $4,000 |
| Frank Lloyd Wright Foundation Scottsdale, AZ | General operations | $600 |
| Greater Twin Cities United Way Minneapolis, MN | General operations | $25,500 |
| Guthrie Theater Minneapolis, MN | General operations | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Abigail Rose – President (uncompensated)
- Michael Blum – Vice President (uncompensated)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Abigail Rose | President | 1 | — |
| Michael Blum | Vice President | 1 | — |
Contact Information
Address: 3440 Northome Rd, Wayzata, MN 55391-3018
Phone: 612-849-9628
EIN: 13-4022921
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Rum Fund fund?
The fund focuses on supporting projects in three primary areas: • **Arts and Culture** • **Education** • **Religion**
How do I apply for a grant from The Rum Fund?
**Financial Activity:** • Total assets: $3,011,544 • Total giving (2024): $407,236 • Number of grants awarded (2024): 41 grants • Average grant size: $42 **Application Status:** The fund is open to new applicants, with approximately 12% of new applicants receiving funding.
Where does The Rum Fund make grants?
The Rum Fund supports projects across multiple U.S. states and cities, including: • Minnesota • California • New York • Texas • Alabama • Arizona • Colorado • Washington, D.C. • Florida • Illinois • Ohio • Pennsylvania The fund has a broad geographical reach, supporting projects in major cities such as Los Angeles, New York, and Washington, D.C.
What size grants does The Rum Fund award?
In 2024, The Rum Fund awarded 36 grants totaling $470K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is The Rum Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Rum Fund reported a distributable amount of $240K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Rum Fund's EIN?
The Rum Fund's EIN (Employer Identification Number) is 13-4022921. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Rum Fund's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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