Valley News Foundation
Valley News Foundation is a private foundation focused on Arts and culture, based in MANKATO, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 42 grants totaling $47K. Net investment income was $66K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+0.7% YoY
Annual Giving
$47K
-9.3% YoY
Grant Count
42
-4.5% YoY
Avg Grant Size
$1K
-4.9% YoY
Under IRS private-foundation payout rules, Valley News Foundation reported a distributable amount of $50K for 2024 — the minimum it must pay out in qualifying distributions.
About Valley News Foundation
Based on IRS filings
Valley News Foundation is a private foundation focused on Arts and culture, based in MANKATO, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 42 grants totaling $47K. Net investment income was $66K.
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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 | $1,058,547 | $1,051,600 | $1,069,545 |
| Revenue | $69,417 | $37,138 | $53,304 |
| Expenses | $62,470 | $55,083 | $48,868 |
| Qualifying Distributions | $58,820 | $53,232 | $44,638 |
| Net Investment Income | $65,767 | $31,387 | $48,688 |
| Distributable Amount | $50,258 | $46,745 | $48,578 |
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
226 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mankato Youth Place ($8,417), Minnesota State University ($5,400), Ronald McDonald House ($3,700).
| Recipient | Purpose | Amount |
|---|---|---|
| Educare Foundation Mankato, MN | Unrestricted General Fund | $1,500 |
| American Heart Association Dallas, TX | Unrestricted General Fund | $250 |
| American Red Cross Mankato, MN | Unrestricted General Use | $250 |
| Angels Against Breast Cancer Mankato, MN | Unrestricted General Fund | $500 |
| Best Christmas Ever Cloquet, MN | Unrestricted General Fund | $750 |
| Bethany Lutheran College & Seminary Inc Mankato, MN | Unrestricted General Use | $1,000 |
| Blue Earth County Historical Society Mankato, MN | Unrestricted General Fund | $500 |
| CADA Mankato, MN | Unrestricted General Fund | $500 |
| Children's Museum of Southern Minnesota Mankato, MN | Unrestricted General Fund | $1,105 |
| Echo Food Shelf Mankato, MN | Unrestricted General Fund | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Troy Leiferman | President | 1 | $12,000 |
| Margaret Leiferman | Secretary | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Valley News Foundation?
Valley News Foundation is a private foundation focused on Arts and culture, based in MANKATO, MN. It holds $1.1M in total assets as of 2024.
How large is Valley News Foundation?
As of 2024, Valley News Foundation holds $1.1M in total assets with $69K in annual revenue. It awarded 42 grants totaling $47K in 2024.
Where does Valley News Foundation operate?
Valley News Foundation has awarded grants in California, District of Columbia, Florida, Minnesota, Nebraska, Texas.
What size grants does Valley News Foundation award?
In 2024, Valley News Foundation awarded 42 grants totaling $47K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Valley News Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Valley News Foundation reported a distributable amount of $50K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Valley News Foundation's EIN?
Valley News Foundation's EIN (Employer Identification Number) is 36-3339339. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Valley News 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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