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Minerva Foundation Inc. is a private corporation based in PENNINGTON, NJ. The foundation received its IRS ruling in 2006. The principal officer is Merrill Lynch Trust Company. It holds total assets of $11.2M. Annual income is reported at $10.3M. Total assets have grown from $5.3M in 2010 to $10.3M in 2022. The foundation is governed by 3 officers and trustees. The foundation operates in the area of health. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Minerva Foundation Inc. has made 28 grants totaling $1.3M, with a median grant of $25K. Annual giving has grown from $295K in 2020 to $474K in 2023. Grantmaking activity was highest in 2022 with $536K distributed across 9 grants. Individual grants have ranged from $10K to $219K, with an average award of $47K. The foundation has supported 14 unique organizations. The foundation primarily supports organizations in New York, District of Columbia, Massachusetts, which account for 64% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$25K
Average Grant
$60K
Largest Grant
$219K
Based on 9 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.
Minerva Foundation Inc. primarily funds organizations in the area of health. Based on available records, the foundation has funded 28 grants. Its grantmaking reaches organizations primarily in NY, DC, MA.
Minerva Foundation Inc. has distributed a total of $1.3M across 28 grants. The median grant size is $25K, with an average of $47K. Individual grants have ranged from $10K to $219K.
Minerva Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Minerva Foundation Inc. is headquartered in PENNINGTON, NJ. While based in NJ, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kristie Miller | PRESIDENT | $0 | $0 | N/A |
| Dr W Sanderson Twaddell | TRUSTEE | $0 | $0 | N/A |
| Ellen Johnson Twaddell | TRUSTEE | $0 | $0 | N/A |
Total Giving
$606K
Total Assets
$10.3M
Fair Market Value
$10.4M
Net Worth
$10.3M
Grants Paid
$474K
Contributions
$300K
Net Investment Income
$202K
Distribution Amount
$540K
Total: N/A
Total Grants
28
Total Giving
$1.3M
Average Grant
$47K
Median Grant
$25K
Unique Recipients
14
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| World Resources InstituteUNRESTRICTED GENERAL | Washington, DC | $174K | 2023 |
| Medecins Sans Frontiers Usa IncUNRESTRICTED GENERAL | New York, NY | $63K | 2023 |
| Fund For Constitutional GovtUNRESTRICTED GENERAL | Washington, DC | $60K | 2023 |
| Planned Parenthood FederationUNRESTRICTED GENERAL | New York, NY | $50K | 2023 |
| Alex Manfull FundUNRESTRICTED GENERAL | New Castle, NH | $50K | 2023 |
| Sarah Lawrence CollegeUNRESTRICTED GENERAL | Bronxville, NY | $25K | 2023 |
| Woodwell Climate Research CenterUNRESTRICTED GENERAL | Falmouth, MA | $20K | 2023 |
| National Scenic Visitors CenterUNRESTRICTED GENERAL | Zionsville, PA | $12K | 2023 |
| New Urban ArtsUNRESTRICTED GENERAL | Providence, RI | $10K | 2023 |
| 826nyc IncUNRESTRICTED GENERAL | Brooklyn, NY | $10K | 2023 |
| New Hampshire Charitable FdnTHE ALEX MANFULL MEM FD | Concord, NH | $10K | 2022 |
| Equal Justice InitiativeUNRESTRICTED GENERAL | Montgomery, AL | $50K | 2020 |
| Naacp Legal Defense FundUNRESTRICTED GENERAL | New York, NY | $50K | 2020 |
| Pandas NetworkUNRESTRICTED GENERAL | Menlo Park, CA | $10K | 2020 |