IV Foundation
Preselected recipients only
IV Foundation is a private foundation in Excelsior, Minnesota. In tax year 2025 it gave $40,000 in 7 grants; the typical grant was $5,000 and the largest $8,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$40,000
- Number of grants7
- Typical grant$5,000
- Largest grant$8,000
- Assets$1.2 million
- New grantees0%
Giving in 2025 was the same as $40,000 the year before.
0% of its 2025 grantees had not received a grant from it the year before, so most of its money goes to organizations it already funds.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $45,000 | 9 | $982,659 |
| 2024 | $40,000 | 8 | $1.0 million |
| 2025 | $40,000 | 7 | $1.2 million |
How to apply
IV Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What IV Foundation funds
Where it gives
Its grants went to recipients in 4 states, the most to Minnesota.
| State | Grants | Amount |
|---|---|---|
| Minnesota | 3 | $17,000 |
| Florida | 2 | $13,000 |
| Maryland | 1 | $5,000 |
| Wisconsin | 1 | $5,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Charlotte Care Center | General support for the homeless | $8,000 |
| Ica Food Shelf | Food shelf | $7,000 |
| Care Victim Services Center | Services and aid to survivors | $5,000 |
| Children's Minnesota Foundation | Medical care | $5,000 |
| Doctors Without Borders | Medical care | $5,000 |
| Habitat for Humanity | General fund support | $5,000 |
| Soldiers Grove Public Library | Library | $5,000 |
Officers and trustees
- Karen Petersen
- Pam Petersen-Soltau
- Anna Herzog
Questions people ask
Does IV Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does IV Foundation give?
$40,000 in tax year 2025, across 7 grants, with a typical grant of $5,000.
Who runs IV Foundation?
Its 2025 filing lists Karen Petersen (President), Pam Petersen-Soltau (Board Member) and Anna Herzog (Board Member).
What does IV Foundation fund?
Based on its grants, mainly housing and homelessness and health.