INITIATIVE FOUNDATION

EIN 363451562 · Donor-advised fund program as reported on Form 990 Schedule D, fiscal year 2023.

← All sponsors
DAF assets
$5.19M
at fiscal year end
Grants out
$404K
from DAF accounts
Contributions in
$924K
received into DAFs
Payout rate
7.8%
median is 12.5%
Accounts
28
funds held at year end
Average account
$185K
assets per fund

At 7.8%, this sponsor paid out below the 12.5% median for sponsors holding more than $10 million.

DAF assets by year

$3.7M
FY2019
$4.3M
FY2020
$4.6M
FY2021
$4.2M
FY2022
$5.2M
FY2023

Grants paid by year

$535K
FY2019
$657K
FY2020
$817K
FY2021
$760K
FY2022
$404K
FY2023

A missing year means no return for that year has been released yet, not that the organization was inactive. Years marked fall in the 2020–21 pandemic giving surge, when contributions into donor-advised funds rose sharply across the sector; treat them as an unusual period rather than a baseline.

Grant disclosure

Itemized 1,809 grant lines totalling $24.6M across 2019–2024 — $14K per line.

$206K of this sponsor’s grants went to other DAF sponsors — 1% of its itemized grantmaking. Money moved between sponsors is reported as a grant, but it has not yet reached a working charity. This total counts only organizations whose donor-advised fund program is their primary activity, so grants to universities and hospitals that happen to run a DAF on the side are excluded.

Largest reported recipients

Organizations receiving the most from this sponsor across 2019–2024, as itemized on Schedule I. Only grants above $5,000 must be listed.

RecipientTotal 2019–2024
United Way Of Central MinnesotaEIN 410915124 MN$394K
Northern Waters Land TrustEIN 411887906 MN$261K
Greater Saint Cloud Development CorporationEIN 452050341 MN$229K
Brainerd Lakes Community Foundation runs a DAF programEIN 363412544 MN$206K
Asc Aquisition LlcEIN 872536132 MN$199K
Midnight Real Estate LlcEIN 464539912 MN$199K
Sauk Rapids-Rice School DistrictEIN 416000219 MN$196K
Oberg Roofing & Remodeling IncEIN 814872715 MN$195K
Family Life Church Of The Assemblies Of GodEIN 421696989 MN$192K
First Baptist Church - Lake Region Christian SchoolEIN 416029149 MN$185K
Young Mens Christian Association of Brainerd MinnEIN 410693938 MN$182K
R & L Repair IncEIN 411705126 MN$178K
Salem Lutheran ChurchEIN 411463989 MN$132K
New Pathways IncEIN 411945426 MN$127K
Eight05 Laurel LlcEIN 883932190 MN$120K

How these figures are calculated: methodology and disclosures. Source: IRS Form 990 e-file XML for fiscal year 2023, via the National Center for Charitable Statistics. Payout rate is DAF grants divided by DAF assets at year end. Recipient totals combine tax years 2019–2024 where filings are available. IRS release and parsing lag means recent years are incomplete for many organizations — NCCS advises treating the most recent year in the panel as partial.