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Pine Needles Charitable Trust is a private trust based in MINNEAPOLIS, MN. The foundation received its IRS ruling in 2017. The principal officer is % James M Karges. It holds total assets of $14.5M. Annual income is reported at $675K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Pine Needles Charitable Trust has made 4 grants totaling $3.2M, with a median grant of $828K. The foundation has distributed between $755K and $1.7M annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $1.7M distributed across 2 grants. Individual grants have ranged from $755K to $830K, with an average award of $810K. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
Pine Needles Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in MN.
Pine Needles Charitable Trust has distributed a total of $3.2M across 4 grants. The median grant size is $828K, with an average of $810K. Individual grants have ranged from $755K to $830K.
Pine Needles Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Pine Needles Charitable Trust is headquartered in MINNEAPOLIS, MN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Elizabeth D Dovydenas | TRUSTEE | $0 | $0 | $0 |
| Jonas Dovydenas | TRUSTEE | $0 | $0 | $0 |
Total Giving
$997K
Total Assets
$14.1M
Fair Market Value
$15.3M
Net Worth
$14.1M
Grants Paid
$825K
Contributions
$0
Net Investment Income
$569K
Distribution Amount
$718K
Total: $0
Total Grants
4
Total Giving
$3.2M
Average Grant
$810K
Median Grant
$828K
Unique Recipients
1
Most Common Grant
$830K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Various Charitable OrganizationsGENERAL PURPOSE TO BE DETERMINED BY THE GRANTEE | Minneapolis, MN | $825K | 2023 |
| 2018 | 990PF | View |
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