Venn Foundation

Organization Overview

Venn Foundation is located in Saint Paul, MN. The organization was established in 2017. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Venn Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venn Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Venn Foundation generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 54.7% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 61.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO UNLEASH THE FULL POWER OF PROGRAM-RELATED INVESTMENTS TO ACHIEVE CHARITABLE IMPACT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VENN FOUNDATION (VENN) IS A NONPROFIT PUBLIC CHARITY ON A MISSION TO UNLEASH THE FULL POWER OF PROGRAM-RELATED INVESTMENTS(PRIS) TO ADVANCE CHARITABLE IMPACT. BY OPENING A SPECIAL DONOR-ADVISED FUND CALLED A VENN ACCOUNT, ANY INDIVIDUAL OR ORGANIZATION CAN RECOMMEND THAT THEIR CHARITABLE DOLLARS BE USED BY VENN TO MAKE PRIS. VENN CAN SYNDICATE ANY ONE PRI AMONG ANY NUMBER OF VENN ACCOUNTS. FINANCIAL RETURNS FROM THESE PRIS GO BACK TO PARTICIPATING ACCOUNTS PRO RATA FOR THE DONORS TO RECOMMEND REDEPLOYMENT INTO NEW PRIS OR GRANTS. OUR VISION IS TO CREATE A NEW CATEGORY OF FLEXIBLE, BELOW-MARKET-RATE CAPITAL THAT CAN BE DIRECTED CREATIVELY TO PROJECTS AND ORGANIZATIONS ACROSS ALL SECTORS THAT ARE HELPING ADVANCE CHARITABLE GOALS.


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Board, Officers & Key Employees

Name (title)Compensation
Jeff Ochs
President And Director
$62,750
Ramya Rauf
Board Treasurer
$0
Robert Scarlett
Board Chair
$0
Michael Dai
Director
$0
Jeanne Voigt
Director
$0
Susan Sands
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,045,894
Noncash contributions included in lines 1a–1f $280,294
Total Revenue from Contributions, Gifts, Grants & Similar$5,045,894
Total Program Service Revenue$209,627
Investment income $77
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,256,228

Grants Awarded

Over the last fiscal year, Venn Foundation has awarded $222,000 in support to 2 organizations.

Grant RecipientAmount

Minneapolis, MN

PURPOSE: MINNESOTA AFTERSCHOOL ADVANCE

$122,000

BETTER FUTURE FORWARD

PURPOSE: GENERAL OPERATING SUPPORT

$100,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Venn Foundation has recieved totaling $1,565,644.

Awarding OrganizationAmount
Ecmc Foundation

Minneapolis, MN

PURPOSE: Education Innovation Ventures

$504,004
Thrivent Charitable Impact & Investing

Appleton, WI

PURPOSE: MINNESOTA AFTERSCHOOL ADVANCE ANCHOR FUNDING

$500,000
Saint Paul & Minnesota Foundation

Saint Paul, MN

PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES

$205,000
Childrens Cancer Research Fund

Minneapolis, MN

PURPOSE: PEDIATRIC CANCER RESEARCH

$150,000
Youthprise

Minneapolis, MN

PURPOSE: Minnesota Afterschool Advance Loan Fund and Discretionary Grant

$71,640
Impactassets Inc

Bethesda, MD

PURPOSE: TECHDUMP PRI

$70,000
View Grant Recipient Profile

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