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G2 Foundation is a private corporation based in DEERWOOD, MN. The foundation received its IRS ruling in 2011. The principal officer is Nancy Bonnema. It holds total assets of $2.4M. Annual income is reported at $1.4M. Total assets have grown from $2M in 2011 to $2.5M in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. The foundation primarily funds organizations in Minnesota, New York and Florida. According to available records, G2 Foundation has made 52 grants totaling $374K, with a median grant of $5K. Annual giving has grown from $120K in 2020 to $254K in 2022. Individual grants have ranged from $2K to $16K, with an average award of $7K. The foundation has supported 27 unique organizations. The foundation primarily supports organizations in Minnesota, North Carolina, New York, which account for 77% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$5K
Average Grant
$7K
Largest Grant
$16K
Based on 18 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
G2 Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 52 grants. Its grantmaking reaches organizations primarily in MN, NC, NY.
G2 Foundation has distributed a total of $374K across 52 grants. The median grant size is $5K, with an average of $7K. Individual grants have ranged from $2K to $16K.
G2 Foundation typically selects its grantees rather than accepting unsolicited proposals.
G2 Foundation is headquartered in DEERWOOD, MN. While based in MN, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Scott Bonnema | DIRECTOR AND TREASURER | $0 | $0 | N/A |
| Kevin Bonnema | DIRECTOR | $0 | $0 | N/A |
| Katie Huseboe | DIRECTOR | $0 | $0 | N/A |
| Nancy Bonnema | DIRECTOR AND PRESIDENT | $0 | $0 | N/A |
Total Giving
$140K
Total Assets
$2.5M
Fair Market Value
$2.5M
Net Worth
$2.5M
Grants Paid
$126K
Contributions
N/A
Net Investment Income
$110K
Distribution Amount
$119K
Total: $2.5M
Total Grants
52
Total Giving
$374K
Average Grant
$7K
Median Grant
$5K
Unique Recipients
27
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Children'S Mn FoundationSUPPORT CHILDREN'S MINNESOTA HOSPITAL | Edina, MN | $15K | 2022 |
| Samaritan'S PursePROVIDE SPIRITUAL AND PHYSICAL AID | Boone, NC | $15K | 2022 |
| Great River Faith In ActionGENERAL SUPPORT | Becker, MN | $10K | 2022 |
| HopekidsGENERAL SUPPORT | Cambridge, MN | $10K | 2022 |
| Minnesota Adult & Teen ChallengeCHEMICAL DEPENDENCY AND RECOVERY SERVICES | Minneapolis, MN | $10K | 2022 |
| Fishing For LifePROVIDING OUTDOOR PROGRAMS TO THE COMMUNITY | Minneapolis, MN | $10K | 2022 |
| Sharing & Caring Hands IncPROVIDE HUMAN SERVICES | Minneapolis, MN | $10K | 2022 |
| Feed My Starving ChildrenSUPPORT ELIMINATION OF STARVING CHILDREN THROUGH OUT THE WORLD | Coon Rapids, MN | $10K | 2022 |
| St Jude Children'S Research Hospital IncGENERAL SUPPORT | Memphis, TN | $6K | 2022 |
| American Red CrossGENERAL SUPPORT | Lincoln, NE | $5K | 2022 |
| Fisher Center For Alzheimer'SSUPPORT TOWARDS THE CAUSE, CARE & CURE OF ALZHEIMER'S DISEASES | New York, NY | $5K | 2022 |
| Friends Of The EvergladesSUPPORT CONSERVATION AND ENVIORNMENTAL EFFORTS | Stuart, FL | $5K | 2022 |
| Second Harvest North Central Food Bank IncGENERAL SUPPORT | Grand Rapids, MN | $5K | 2022 |
| The Water Project IncGENERAL SUPPORT FOR ACCESS TO CLEAN WATER | Concord, NH | $5K | 2022 |
| Together For GoodGENERAL SUPPORT | St Paul, MN | $2K | 2022 |
| Cross ServicesGENERAL SUPPORT | Rogers, MN | $2K | 2022 |
| Bridges Of HopeGENERAL SUPPORT | Brainerd, MN | $2K | 2022 |
| Rally 4 A Cause FoundationGENERAL SUPPORT | St Paul, MN | $16K | 2020 |
| Doctors Without Borders Usa IncASSIST VICTIMS OF DISASTERS & CONFLICTS WORLDWIDE | New York, NY | $8K | 2020 |
| Community Aid Of Elk RiverGENERAL SUPPORT | Elk River, MN | $5K | 2020 |
| Cancer Research Institute IncSUPPORT THE DEVELOPMENT OF IMMUNOTHERAPIES FOR ALL TYPES OF CANCER | New York, NY | $5K | 2020 |
| Second HarvestGENERAL SUPPORT | Grand Rapids, MN | $5K | 2020 |
| National Park FoundationSUPPORT THE NATIONAL PARKS | Washington, DC | $5K | 2020 |
| Brain & Behavior Research FoundationSUPPORT PSYCHIATRIC DISEASE RESEARCH | New York, NY | $4K | 2020 |
| Mn Teen Challenge IncCHEMICAL DEPENDENCY AND RECOVERY SERVICES | Minneapolis, MN | $4K | 2020 |