US Bank Foundation
Looking for U.S. Bank grants for nonprofits? US Bank Foundation is U.S. Bank's company-sponsored foundation, and this page covers the grants it reports to the IRS on Form 990-PF.
US Bank Foundation is a private foundation, based in Milwaukee, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $138.2M in total assets. In 2024, it awarded 2 grants totaling $66.4M. Net investment income was $7.7M.
US Bank Foundation at a glance
In short: US Bank Foundation gave $66.4M across 2 grants in 2024 (avg $33.2M), mostly in Wisconsin. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $66,410,992
- +73.7% vs 2023
- Grants made (2024)
- 2
- +100.0% vs 2023
- Average grant
- $33,205,496
- -13.1% vs 2023
- Median grant
- $33,205,496
- Total assets
- $138,162,953
- -15.0% vs 2023
- Primary geography
- Wisconsin (82% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to US Bank Foundation
Open Grants
2 open opportunities from US Bank Foundation
Who US Bank Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was University of Minnesota Fdn ($11.8M).
Grant Size Distribution
8 grants across all recorded years
The most common grant size was $5M or more: 6 grants of 8 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How US Bank Foundation gives
- Giving grew 111% from 2021 to 2024. Method
- In 2024 it paid out 868% of its IRS minimum distribution (the 5% rule). 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 2024, annual grant giving ranged from $31.4M (2021) to $66.4M (2024). In 2024 it made 2 grants totaling $66.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached Milwaukee, WI | General Operating | $54,596,852 |
| University of Minnesota Fdn Minneapolis, MN | General Purpose | $11,814,140 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $138,162,953 | $54,255,321 | $69,028,763 | $66,410,992 | 2 | $67,996,829 | $7,738,335 | $7,837,895 |
| 2023 | $162,530,488 | $165,636,274 | $45,206,993 | $38,232,206 | 1 | $44,110,945 | $1,548,617 | $3,710,970 |
| 2022 | $32,663,028 | $567,434 | $33,953,246 | $32,015,329 | 1 | $33,112,565 | $139,151 | $2,552,388 |
| 2021 | $68,350,907 | $6,892,078 | $33,174,621 | $31,401,572 | 2 | $32,440,674 | $6,242,682 | $4,746,551 |
| 2020 | $91,563,873 | $9,177,698 | $39,046,474 | $37,228,368 | 2 | — | $6,074,292 | $5,920,116 |
Under IRS private-foundation payout rules, US Bank Foundation reported a distributable amount of $7.8M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
US Bank Foundation is led by Revathi Dominski, Chair & President since 2023 (on filings since 2020); 1 of 10 officers listed in 2024 is compensated.
Officers on the 2024 filing
Revathi Dominski
Chair & President
President → Chair & President, 2023
On filings since 2020
10 hrs/week
$309K (2020) → $500K (2024)
Carl Jordan
Director
On filings since 2023
2 hrs/week
No compensation reported
Elcio R. Barcelos
Director
On filings since 2023
2 hrs/week
No compensation reported
Gregory G. Cunningham
Director
On filings since 2023
2 hrs/week
No compensation reported
Hassan A. Salem
Director
On filings since 2023
2 hrs/week
No compensation reported
Ankit Bhat
Director
New on the 2024 filing
2 hrs/week
No compensation reported
Arijit Roy
Director
New on the 2024 filing
2 hrs/week
No compensation reported
Beth Lawler
Director
New on the 2024 filing
2 hrs/week
No compensation reported
James Chosy
Secretary
Director → Secretary, 2023
On filings since 2020
2 hrs/week
No compensation reported
Terrance Dolan
Treasurer
Director → Treasurer, 2024
On filings since 2020
2 hrs/week
No compensation reported
Former officers (7)
- Former: Gunjan Kedia (2020–2023) — Director
- Former: Timothy A. Welsh (2023) — Director
- Former: Elliott Jaffee (2020–2022) — Director
- Former: Jeffrey Von Gillern (2020–2022) — Director
- Former: John Elmore (2020–2022) — Director
- Former: Katherine Quinn (2020–2022) — Director
- Former: Leslie Godridge (2020–2022) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $500K, to Revathi Dominski (Chair & President).
Frequently asked questions about US Bank Foundation
How much does US Bank Foundation give each year?
US Bank Foundation gave $66.4M across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $38.2M across 1 grant.
How large is US Bank Foundation?
US Bank Foundation reported $138.2M in total assets on its 2024 IRS Form 990-PF. It paid out $68.0M in qualifying distributions that year, against a required minimum of $7.8M (roughly 5% of its investment assets).
Where does US Bank Foundation operate?
US Bank Foundation has awarded grants in Massachusetts, Minnesota, Wisconsin.
What is US Bank Foundation's EIN?
US Bank Foundation's EIN (Employer Identification Number) is 41-1359579. IRS Form 990 filing data is available on this page for 2020–2024.
Does U.S. Bank give grants to nonprofits?
Yes. US Bank Foundation, U.S. Bank's company-sponsored foundation, awarded 2 grants totaling $66.4M in 2024, according to its IRS Form 990-PF. U.S. Bank may also give through corporate programs that are not reported on the foundation's 990.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work US Bank Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from US Bank Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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