TrueNorth Legacy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 20 grants totaling $590K. Net investment income was $397K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
+6.7% YoY
Annual Giving
$590K
+19.2% YoY
Grant Count
20
+185.7% YoY
Avg Grant Size
$30K
-58.3% YoY
Under IRS private-foundation payout rules, TrueNorth Legacy Foundation reported a distributable amount of $132K for 2024 — the minimum it must pay out in qualifying distributions.
About TrueNorth Legacy Foundation
Based on IRS filings
TrueNorth Legacy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 20 grants totaling $590K. Net investment income was $397K.
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 | $2,443,139 | $2,289,416 | $2,026,888 |
| Revenue | $789,925 | $817,826 | $1,699,720 |
| Expenses | $636,202 | $555,298 | $49,118 |
| Qualifying Distributions | $632,007 | $551,092 | $43,504 |
| Net Investment Income | $397,055 | $276,058 | $431,126 |
| Distributable Amount | $132,133 | $109,806 | $48,234 |
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
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Coe College ($100,000), Youth and Shelter Services Inc ($100,000), Newbo City Market ($75,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AFRICAN AMERICAN HERITAGE FOUNDATION CEDAR RAPIDS, IA | General & Unrestricted | $25,000 |
| BOYS & GIRLS CLUBS OF THE CORRIDOR CEDAR RAPIDS, IA | General & Unrestricted | $20,000 |
| COE COLLEGE CEDAR RAPIDS, IA | General & Unrestricted | $100,000 |
| COMMUNITY FOUNDATION OF JOHNSON CORALVILLE, IA | General & Unrestricted | $10,000 |
| EASTERN IOWA HEALTH CENTER CEDAR RAPIDS, IA | General & Unrestricted | $25,000 |
| GREATER CEDAR RAPIDS COMMUNITY FOUNDATION CEDAR RAPIDS, IA | TNLF endowment fund | $50,000 |
| GROW CENTERVILLE CENTERVILLE, IA | General & Unrestricted | $25,000 |
| INDIAN CREEK NATURE CENTER CEDAR RAPIDS, IA | General & Unrestricted | $20,000 |
| IOWA DENTAL FOUNDATION DES MOINES, IA | General & Unrestricted | $10,000 |
| MARION PARK & RECREATION FOUNDATION INC MARION, IA | General & 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 |
|---|---|---|---|
| Loren Coppock | Dir | 1 | — |
| Aaron Ellsworth | Dir | 1 | — |
| Matthew R Evans | Dir, Pres | 1 | — |
| Mallory Mohwinkle | Dir | 1 | — |
| Anne Parmley | Dir | 1 | — |
| Amy Sauter | Dir, Sec | 1 | — |
| Duane Smith | Dir | 1 | — |
| Jason Smith | Dir | 1 | — |
| Chad Thurm | Dir | 1 | — |
| Kevin Welu | Dir, Treas | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is TrueNorth Legacy Foundation?
TrueNorth Legacy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $2.4M in total assets as of 2024.
How large is TrueNorth Legacy Foundation?
As of 2024, TrueNorth Legacy Foundation holds $2.4M in total assets with $790K in annual revenue. It awarded 20 grants totaling $590K in 2024.
Where does TrueNorth Legacy Foundation operate?
TrueNorth Legacy Foundation has awarded grants in Colorado, Iowa, Idaho.
What size grants does TrueNorth Legacy Foundation award?
In 2024, TrueNorth Legacy Foundation awarded 20 grants totaling $590K — an average of about $30K per grant, based on its IRS Form 990 filings.
How much is TrueNorth Legacy Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, TrueNorth Legacy Foundation reported a distributable amount of $132K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is TrueNorth Legacy Foundation's EIN?
TrueNorth Legacy Foundation's EIN (Employer Identification Number) is 86-1212907. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in TrueNorth Legacy 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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