Walnut Foundation
Walnut Foundation is a private foundation, based in Billings, MT. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $405K in total assets. In 2025, it awarded 6 grants totaling $25K. Net investment income was $16K.
Walnut Foundation at a glance
In short: Walnut Foundation gave $25K across 6 grants in 2025 (avg $4K), mostly in Arizona. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $25,000
- +0.0% vs 2024
- Grants made (2025)
- 6
- +0.0% vs 2024
- Average grant
- $4,167
- +0.0% vs 2024
- Median grant
- $4,500
- Total assets
- $405,293
- -2.1% vs 2024
- Primary geography
- Arizona (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 Walnut Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Imago DEI Middle School ($7K). Together the top 6 received $25K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 30 grants of 30 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
States
Cities
How Walnut Foundation gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 121% 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 2025, annual grant giving ranged from $25K (2020) to $25K (2025). In 2025 it made 6 grants totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Imago DEI Middle School Tucson, AZ | Support | $7,000 |
| Community Food Bank Tucson, AZ | Support | $4,500 |
| Literacy Connects Tucson, AZ | Support | $4,500 |
| Primavera Foundation Tucson, AZ | Support | $4,500 |
| CASA Maria Tucson, AZ | Support | $3,500 |
| Arizona Public Media Tucson, AZ | Support | $1,000 |
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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 | $405,293 | $16,486 | $25,029 | $25,000 | 6 | $25,000 | $16,457 | $20,631 |
| 2024 | $413,836 | $20,254 | $26,915 | $25,000 | 6 | $25,000 | $18,339 | $21,185 |
| 2023 | $420,497 | $1,711 | $30,742 | $25,000 | 6 | $25,000 | $1,890 | $21,055 |
| 2022 | $399,304 | $36,002 | $35,794 | $25,000 | 6 | $25,000 | $25,208 | $23,384 |
| 2021 | $399,096 | $30,411 | $31,960 | $25,000 | 6 | — | $16,576 | $21,936 |
| 2020 | $400,645 | $10,505 | $35,430 | $25,000 | 6 | — | $1,209 | $22,335 |
Under IRS private-foundation payout rules, Walnut Foundation reported a distributable amount of $21K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Walnut Foundation is led by Michael Jackson, President since 2024 (on filings since 2020) — the only officer listed, and uncompensated.
Officers on the 2025 filing
Michael Jackson
President
Secretary & Treasurer → President, 2024
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: M. Charles Jackson (2020–2023) — President
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 Walnut Foundation
How much does Walnut Foundation give each year?
Walnut Foundation gave $25K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $25K across 6 grants.
What is Walnut Foundation's typical grant size?
Walnut Foundation's median grant in 2025 was $4,500, and its average grant was $4,167, across 6 grants on its 2025 IRS Form 990-PF.
Where does Walnut Foundation give grants?
Walnut Foundation gives mostly in Arizona: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Tucson, AZ (6 grants).
Does Walnut Foundation give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Walnut Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support" (6 grants).
Who are Walnut Foundation's largest grantees?
Walnut Foundation's largest 2025 grantees include Imago DEI Middle School ($7,000), Community Food Bank ($4,500) and Literacy Connects ($4,500), according to its 2025 IRS Form 990-PF. Together they received 64% of its itemized 2025 grant dollars.
How large is Walnut Foundation?
Walnut Foundation reported $405K in total assets on its 2025 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $21K (roughly 5% of its investment assets).
What is Walnut Foundation's EIN?
Walnut Foundation's EIN (Employer Identification Number) is 20-1049109. 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 March 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS December 2, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 24, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 13, 2026)
- IRS filings on file for fiscal years 2020–2025
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