Novation Credit Union Foundation
Preselected recipients only
Novation Credit Union Foundation is a private foundation in Oakdale, Minnesota. In tax year 2025 it gave $25,236 in 8 grants; the typical grant was $500 and the largest $20,000. 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$25,236
- Number of grants8
- Typical grant$500
- Largest grant$20,000
- Assets$35,738
- New grantees88%
Giving in 2025 was up from $7,222 the year before.
88% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $318 | 1 | $19,891 |
| 2024 | $7,222 | 7 | $12,155 |
| 2025 | $25,236 | 8 | $35,738 |
How to apply
Novation Credit Union 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.
Foundation website IRS filings on ProPublica
What Novation Credit Union Foundation funds
Where it gives
All of its grants went to recipients in Minnesota.
| State | Grants | Amount |
|---|---|---|
| Minnesota | 8 | $25,236 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Best Prep | Educaiton learning progrmas for stu | $20,000 |
| Bridging | Dressers for low income familes | $2,825 |
| Hutchinson Hospital Foundation | Stroll for hope | $500 |
| Open Cupboard | Food shelf | $500 |
| Every Meal | Meal packs for low income familites | $500 |
| Mncun-Cu for Kids | Benefits children in hospitals | $400 |
| Holiday Helping Hands | Christmas gift to low income familys | $261 |
| Hutchinson Dollars for Scholars | Activity sponsorship program | $250 |
Officers and trustees
- Michael Kronebusch
- Kristi Mukomela
- Terry Kahle
Questions people ask
Does Novation Credit Union Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Novation Credit Union Foundation give?
$25,236 in tax year 2025, across 8 grants, with a typical grant of $500.
Who runs Novation Credit Union Foundation?
Its 2025 filing lists Michael Kronebusch (President), Kristi Mukomela (Vice Preside) and Terry Kahle (Secretary/Tr).
What does Novation Credit Union Foundation fund?
Based on its grants, mainly education, human services and food and hunger.