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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 is governed by 2 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 2018 to 2024. 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.
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.
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 | N/A |
| Jonas Dovydenas | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$14.5M
Fair Market Value
N/A
Net Worth
$14.5M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |