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· Private foundation

Matrix Foundation

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$250k
Granted FY2025still arriving
8
Grants FY2025still arriving
1
States reached
$100k
Largest
01What it funds
0182% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2018 to 2025.

Education$253kHealth$235kAnimals$111kYouth Development$25kFood & Nutrition$3kHuman Services$3kOther$0
02FY2025 · 8 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k3 grants · $10k
  • $10k–50k3 grants · $80k
  • $50k–250k2 grants · $160k
$30,000
Median grant
1
States reached
$2.9M
Total assets
Largest grants
RecipientAmount
UNIVERSITY OF MINNESOTA FOUNDATION$100,000
MINNESOTA ZOO FOUNDATION$60,000
ACES$40,000
MAYO CLINIC$30,000
AIM HIGHER FOUNDATION$10,000
MISCELLANEOUS 2500$4,400
NORTHERN STAR SCOUTING$3,500
WINGSPAN LIFE RESOURCES$2,500
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY25–25, $3k) land where the poverty rate runs at 14%, against an area that typically sits at 7%. 100% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 7%WINGSPAN LIFE RESOURCES: $3k → 14%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

72%of every dollar goes to organizations it has funded before.
$319k · 6 repeat orgs$127k to everyone else

Grantees it renews have grown median revenue +44% since the first grant, against +6% for those funded once.

6 repeat relationships: 4 still active in FY2025, 2 since wound down; 3 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

6
2

Total granted

$319k
$15k

Median revenue growth · since first grant

+44%
+6%

Still filing today

50%
50%

New vs renewed · share of each year

In FY2025, 49% of grant dollars renewed an existing relationship; $113k went to new ones.

50%100%’18’19’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’18’19’20’21’22’23’24’25
EducationAnimalsReligionHuman ServicesFood & NutritionOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • A
    ACES
    7× · 2018–2025 · $123k
  • MZ
    MINNESOTA ZOO FOUNDATION
    8× · 2018–2025 · $111k · revenue +263%
  • M2
    MISCELLANEOUS 2500
    7× · 2019–2025 · $40k

Funded once

  • M5
    MISCELLANEOUS 5000
    one grant, 2018 · $12k
  • SH
    SECOND HARVEST HEARTLAND
    one grant, 2023 · $3k · revenue +6%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
University of Minnesota Foundation Investment Advisors

To provide the highest level of stewardship for university donors through professional management and oversight of the university of minnesota foundation's assets by creating a focused investment environment with clarity of purpose,…

Education
2
University of Minnesota Alumni Association

The university of minnesota alumni association (umaa) fosters a lifelong spirit of belonging and pride by connecting alumni, students, and friends to the university of minnesota and each other. the alumni association advocates for the…

—
3
Augsburg University

Augsburg university educates students to be informed citizens, thoughtful stewards, critical thinkers, and responsible leaders.the augsburg experience is supported by an engaged community that is committed to intentional diversity in its…

Education
4
Minnesota Medical Association

To be the leading voice of medicine to make minnesota the healthiest state and the best place to practice.

—
5
Mitchell Hamline School of Law

Mitchell hamline school of law is an independent law school that advances its mission through a combination of legal education, public service, and community engagement. it is dedicated to preparing students to practice law, while also…

Education
6
Minnesota Hospital Association

Advance the health of individuals and communities through leadership, advocacy and collaboration on behalf of minnesota hospitals and health systems. vision: minnesotans are healthy and have access to the right care at the right time in…

Community Improvement
7
University of Minnesota Physicians

University of minnesota physicians serves as the integrated group practice for the university of minnesota medical school full-time faculty to provide the highest quality healthcare to patients and their families.university of minnesota…

Health
8
Minnesota Business Partnership

The minnesota business partnership's mission is to maintain a high quality of life for all minnesotans by ensuring that the state's economy remains strong, globally competitive and its prospects for growth bright by working with elected…

—
9
Minnesota Private College Fund

The minnesota private college fund serves the shared needs of its members by seeking philanthropic support from corporations, foundations, and others for the benefit of its member colleges and universities and the students they educate.

Education
10
St Marys University of Minnesota

Enriched by the lasallian catholic heritage, saint mary's university of minnesota awakens, nurtures, and empowers learners to ethical lives of service and leadership.

Education
11
Minnesota Grocers Association

The minnesota grocers association advances the common interest of those engaged in all aspects of the food industry of mn as a leadership resource. the mga encourages and sponsors educational seminars, conventions and fosters the exchange…

—
12
Massachusetts Institute of Technology

The mission of mit is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century.

Education
How this is measured
The grantee most central to the portfolio’s shape is University of Minnesota Foundation; the most unlike its peers is Wingspan Life Resources. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

8 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 8 of the 12 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
1
Early backer (in before they grew)
8/8
Grantees still filing
4/8
Grew since first funded

Where the money sits, by cause and then by grantee

MAYO CLINIC: $235,000 · HealthMAYO CLINICACES: $123,475 · OtherACESMISCELLANEOUS 2500: $39,975 · OtherMISCELLANEOUS 2500BOY SCOUTS OF AMERICA: $12,500 · OtherBOY SCOUTS OF AMERICANORTHERN STAR COUNCIL: $12,500 · OtherNORTHERN STAR COUNCILMISCELLANEOUS 5000: $11,600 · OtherMISCELLANEOUS 5000UNIVERSITY OF MINNESOTA FOUNDATION: $100,000 · EducationUNIVERSITY OF MINNE…TRUSTEES OF THE HAMLINE UNIVERSITY OF MINNESOTA: $20,000 · EducationTRUSTEES OF THE HAM…MINNESOTA ZOO FOUNDATION: $110,500 · AnimalsMINNESOTA ZOO FOUN…AIM HIGHER FOUNDATION: $10,000 · ReligionSECOND HARVEST HEARTLAND: $3,000 · Food & NutritionWINGSPAN LIFE RESOURCES: $2,500 · Human Services
Health$235,000Other$200,050Education$120,000Animals$110,500Religion$10,000Food & Nutrition$3,000Human Services$2,500

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$10M$100Mgrantee revenue →↑ funder's share of their budgetMAYO CLINIC: $235,000 over 8y, 0.0% of budgetMINNESOTA ZOO FOUNDATION: $110,500 over 8y, 0.4% of budgetUNIVERSITY OF MINNESOTA FOUNDATION: $100,000 over 1y, 0.0% of budgetTRUSTEES OF THE HAMLINE UNIVERSITY OF MINNESOTA: $20,000 over 2y, 0.0% of budgetNORTHERN STAR COUNCIL: $12,500 over 4y, 0.0% of budgetAIM HIGHER FOUNDATION: $10,000 over 1y, 0.3% of budgetSECOND HARVEST HEARTLAND: $3,000 over 1y, 0.0% of budgetWINGSPAN LIFE RESOURCES: $2,500 over 1y, 0.0% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds MAYO CLINIC ↗
  • Who funds MINNESOTA ZOO FOUNDATION ↗
  • Who funds UNIVERSITY OF MINNESOTA FOUNDATION ↗
  • Who funds TRUSTEES OF THE HAMLINE UNIVERSITY OF MINNESOTA ↗
  • Who funds NORTHERN STAR COUNCIL ↗
  • Who funds AIM HIGHER FOUNDATION ↗
  • Who funds SECOND HARVEST HEARTLAND ↗
  • Who funds WINGSPAN LIFE RESOURCES ↗

How much its grantees rely on government

Each dot is one organization Matrix Foundation funds: left to right is the share of its income from government, bottom to top the share from Matrix Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%0%1%3%5%funder's share of their income ↑0%3%5%8%10%share of the org’s income from government →
    no gov moneyreceives it· size = income
    0get no government money at all
    1report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    ⤢ axis zoomed · 0–10%
    typical government reliance, FY20–25
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

    On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 12 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

    How this is measured
    Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

    Generated from the IRS Form 990-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

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