The Turtle Trust Foundation
The Turtle Trust Foundation is a private foundation, based in Minneapolis, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $203K in total assets. In 2025, it awarded 1 grant totaling $12K. Net investment income was $7K.
The Turtle Trust Foundation at a glance
In short: The Turtle Trust Foundation gave $12K across 1 grant in 2025 (avg $12K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $11,600
- +22.1% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $11,600
- +22.1% vs 2024
- Median grant
- $11,600
- Total assets
- $202,507
- -2.3% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Turtle Trust Foundation funds
How this funder distributes its grants
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 9 grants of 9 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How The Turtle Trust Foundation gives
- Giving held roughly steady from 2022 to 2025 (−11%). Method
- In 2025 it paid out 99% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $4K (2023) to $19K (2021). In 2025 it made 1 grant totaling $12K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Various Charitable Organizations Minneapolis, MN | General Purpose to Be Determined by the Grantee | $11,600 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $202,507 | $7,868 | $12,622 | $11,600 | 1 | $11,950 | $7,323 | $12,071 |
| 2024 | $207,261 | $9,430 | $10,814 | $9,500 | 1 | $9,854 | $8,617 | $11,271 |
| 2023 | $208,645 | $7,426 | $4,802 | $4,000 | 1 | $4,429 | $7,105 | $10,928 |
| 2022 | $206,017 | $7,302 | $20,098 | $13,000 | 1 | $16,548 | $3,752 | $13,058 |
| 2021 | $218,817 | $11,672 | $21,567 | $18,500 | 5 | $18,500 | $9,491 | $17,506 |
| 2020 | $228,712 | $11,737 | $21,109 | $16,250 | 5 | — | $8,985 | $15,499 |
Under IRS private-foundation payout rules, The Turtle Trust Foundation reported a distributable amount of $12K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Turtle Trust Foundation is led by Wendy K. Watson, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Wendy K. Watson
President
On filings since 2020
1 hr/week
No compensation reported
Dorothy Markowitz
Director
On filings since 2020
1 hr/week
No compensation reported
Warren S. Watson
Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Turtle Trust Foundation
How much does The Turtle Trust Foundation give each year?
The Turtle Trust Foundation gave $12K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $10K across 1 grant.
How large is The Turtle Trust Foundation?
The Turtle Trust Foundation reported $203K in total assets on its 2025 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Turtle Trust Foundation operate?
The Turtle Trust Foundation has awarded grants in Kentucky, Massachusetts, Minnesota.
What is The Turtle Trust Foundation's EIN?
The Turtle Trust Foundation's EIN (Employer Identification Number) is 41-1850596. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 18, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 7, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Turtle Trust Foundation funds
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