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Better Way Foundation

Minneapolis, MN 363608625

The Better Way Foundation in Minneapolis supports education and human services with a focus on Christian values, managing assets of over $68 million and funding projects across the US and internationally.

Overview

About Better Way Foundation

The Better Way Foundation, based in Minneapolis, MN, is a philanthropic organization with assets totaling $68,241,414. The foundation focuses on supporting initiatives in education, particularly elementary and secondary education, higher education, and philanthropy. It also has interests in nonprofits, religion, Christianity, Catholicism, and human services. In the fiscal year, the foundation reported expenses of $3,617,435 and revenue of $5,095,584. The foundation funds projects in various cities across the United States, including Albuquerque, Cleveland, Denver, and Seattle, as well as international locations like Bukoba and Dar es Salaam. The leadership team includes President/Chair Karen Rauenhorst, Vice President Nicholas Banovetz, and several directors, with Banovetz being the highest compensated at $182,634 annually. The foundation's mission is to support and enhance educational opportunities and human services, with a particular focus on Christian and Catholic values.

Focus areas

EducationElementary and secondary educationElementary educationHigher educationPhilanthropyNonprofitsReligionChristianityCatholicismHuman services- Less

Geographic focus

AZCACODCFLGAINMAMIMNMTNENMOHOKORSDWAWI
Application Status

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Average Grant Size

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Sample Match Score

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Match Score measures the compatibility between your organization and this funder based on focus areas alignment (92%), geographic location preferences (85%), previous grantees similarity (88%), grant size match (78%), application process compatibility (73%), and timeline compatibility (80%).

87%
Excellent compatibility match
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Key statistics
Total Assets $68.2M
Total Awarded This Year $2.2M
Average Grant Size $49K
Total Grants (Previous Year) 10,989
Open to New Applicants
false
% New Applicants Funded
0%
Contact information
Minneapolis, MN, US
Geographic Funding Distribution

Financials

Total assets
$68,241,414

in 2024, compared to $63,372,543 in 2023

Annual grants
$2,172,475

44 grants awarded in 2024

Program expenses
85%

Of total expenses go to programs

Annual grant distribution
Revenue vs expenses
Assets over time

Grants

Grant awards
PurposeLocation
$183,000University of Notre DameAmerican Indian Catholic Schools Network (AICSN) Support 2020-2024400 Main Building Notre Dame, IN US2024
$182,000University of Notre DameAmerican Indian Catholic Schools Network (AICSN) Support 2020-2024400 Main Building Notre Dame, IN US2022
$176,000University of Notre DameAmerican Indian Catholic Schools Network (AICSN) Support 2020-2024400 Main Building Notre Dame, IN US2022
$150,000Amani Girls HomeMapema Education Scheme - MESPOBox 5073 Mwanza, TZ2022
$150,000Amani Girls HomeMapema Education Scheme - MESPOBox 5073 Mwanza, TZ2022
$150,000Tanzania Home Economics AssociationExpanding ECD Services Through Community-Based OrganizationsNyegezi - Masunu Street PO Box Mwanza, TZ2022
$150,000Amani Girls HomeMapema Education Scheme - MESPOBox 5073 Mwanza, TZ2024
$150,000Hearts GatheredBuilding for the FuturePO BOX 767 Omak, WA US2024
$120,000Thunder Valley Community Development CorporationOwayawa Cikala Lakota Immersion Montessori Project290 Empowerment Drive Porcupine, SD US2022
$120,000Tumaini LetuWekeza kwa Mtoto Mdogo - Invest in Young Children Phase IIPO Box 278 Muleba 2Box 278 Muleba Bukoba, TZ2022
128 row(s) total.

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People

Leadership & staff

Compensation data from most recent available 990 forms

Title
JAH1-3
Jan Andreas Hipple 122 - 322
Vice President$2087552023
NB
Nicholas Banovetz
Vice President$1826342024
NB1-1
Nicholas Banovetz 1022 - 1222
Vice President$408792023
KS3-9
Kate Seng 322 - 922
Vice President$195982023
KG
Kristen Grubb
Tax Officer$124972024
KG
Kristen Grubb
Tax Officer$118452023
SF9-1
Suzanne Flannigan 922 - 1022
Vice President$8492023
GR
Gia Rauenhorst
President/Chair$02022
AH
Andreas Hipple
Vice President$02022
PM
Pete Mahoney
Treasurer/Director$02022
39 row(s) total.

Rows per page

Page 1 of 4

Opportunities

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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer

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Last updated on August 25, 2025