True Blue 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 $363K in total assets. In 2024, it awarded 8 grants totaling $70K. Net investment income was $40K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$363K
+12.3% YoY
Annual Giving
$70K
+16.7% YoY
Grant Count
8
-11.1% YoY
Avg Grant Size
$9K
+31.2% YoY
Under IRS private-foundation payout rules, True Blue Foundation reported a distributable amount of $31K for 2024 — the minimum it must pay out in qualifying distributions.
About True Blue Foundation
Based on IRS filings
True Blue 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 $363K in total assets. In 2024, it awarded 8 grants totaling $70K. Net investment income was $40K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $362,532 | $322,960 | $315,519 |
| Revenue | $114,832 | $71,406 | $74,532 |
| Expenses | $75,260 | $63,965 | $69,135 |
| Qualifying Distributions | $70,025 | $60,025 | $65,025 |
| Net Investment Income | $40,202 | $7,491 | $5,424 |
| Distributable Amount | $30,889 | $26,328 | $25,466 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Mary of the Lake Catholic Church ($30,000), Cradle of Hope of Mn ($10,000), Pro-life Action Ministries ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BE NOT AFRAID INC MOORSEVILLE, NC | TO SUPPORT THE ACTIVITIES OF BE NOT AFRAID, INC | $5,000 |
| CAMP COMPANION ROCHESTER, MN | TO SUPPORT THE ACTIVITIES OF CAMP COMPANION. | $2,000 |
| CATHOLIC CHARITIES OF SOUTHERN MINNESOTA ROCHESTER, MN | TO SUPPORT THE ACTIVITIES OF CATHOLIC CHARITIES OF SOUTHERN MINNESOTA | $5,000 |
| CRADLE OF HOPE OF MN ROSEVILLE, MN | TO SUPPORT THE ACTIVITIES OF CRADLE OF HOPE OF MN. | $10,000 |
| PRO-LIFE ACTION MINISTRIES ST PAUL, MN | TO SUPPORT THE ACTIVITIES OF PRO-LIFE ACTION MINISTRIES OF MINNESOTA | $10,000 |
| ROCHESTER AREA FOUNDATION CO LOTUS HEALTH FOUNDATION ROCHESTER, MN | TO SUPPORT THE ACTIVITIES OF LOTUS HEALTH FOUNDATION. | $3,000 |
| SACRED HEART HAITI MISSION CO HOLY SPIRIT CATHOLIC CHURCH ROCHESTER, MN | TO SUPPORT THE ACTIVITIES OF SACRED HEART HAITI MISSION | $5,000 |
| ST MARY OF THE LAKE CATHOLIC CHURCH LAKE CITY, MN | TO SUPPORT THE ACTIVITIES OF ST MARY OF THE LAKE CATHOLIC CHURCH | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANN M BOLIN | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is True Blue Foundation?
True Blue Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MINNEAPOLIS, MN. It holds $363K in total assets as of 2024.
How large is True Blue Foundation?
As of 2024, True Blue Foundation holds $363K in total assets with $115K in annual revenue. It awarded 8 grants totaling $70K in 2024.
Where does True Blue Foundation operate?
True Blue Foundation has awarded grants in California, Minnesota, North Carolina, Utah, Virginia.
What size grants does True Blue Foundation award?
In 2024, True Blue Foundation awarded 8 grants totaling $70K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is True Blue Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, True Blue Foundation reported a distributable amount of $31K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is True Blue Foundation's EIN?
True Blue Foundation's EIN (Employer Identification Number) is 32-6203614. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in True Blue 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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