Ordean Foundation

Organization Overview

Ordean Foundation is located in Duluth, MN. The organization was established in 1934. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ordean 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, Ordean Foundation generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 46.7% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Ordean Foundation has awarded 108 individual grants totaling $4,583,550. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $100
Interest on Savings $0
Dividends & Interest $1,813,639
Net Rental Income$0
Net Gain on Sale of Assets $3,424,078
Capital Gain Net Income $3,424,442
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $5,157
Total Revenue $5,242,974

Grants Awarded

Over the last fiscal year, Ordean Foundation has awarded $1,446,050 in support to 42 organizations.

Grant RecipientAmount

SAFE HAVEN SHELTER FOR BATTERED WOMEN

Org PageRecipient Profile

Duluth, MN

PURPOSE: GENERAL OPERATING SUPPORT AND SHELTER RENOVATION

$130,000

LAKE SUPERIOR COMMUNITY HEALTH CENTER

Org PageRecipient Profile

Duluth, MN

PURPOSE: GENERAL OPERATING SUPPORT

$125,000

DAMIANO CENTER

PURPOSE: GENERAL OPERATING SUPPORT

$125,000

LIFE HOUSE INC

PURPOSE: GENERAL OPERATING SUPPORT

$121,000

Duluth, MN

PURPOSE: GENERAL OPERATING SUPPORT

$110,000

SALVATION ARMY

PURPOSE: SHARING FUND & SPECIAL NEEDS FUND

$75,000
View Grant Profile

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