Mgr Foundation

Organization Overview

Mgr Foundation is located in Minnetonka, MN. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mgr 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, Mgr Foundation generated $482.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $220.4k during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 6 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.

Since 2015, Mgr Foundation has awarded 159 individual grants totaling $1,594,900. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

PLANNING AND CARRYING OUT GRANT MAKING TO OTHER UNRELATED CHARITABLE ORGANIZATIONS


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $50
Dividends & Interest $13,240
Net Rental Income$0
Net Gain on Sale of Assets -$28
Capital Gain Net Income $385,483
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $469,051
Total Revenue $482,313

Grants Awarded

Over the last fiscal year, Mgr Foundation has awarded $207,000 in support to 19 organizations.

Grant RecipientAmount

Washington, DC

PURPOSE: SUPPORT FOR GALVANIZE USA

$57,500

STEPHEN GAYNOR SCHOOL

Org PageRecipient Profile

New York, NY

PURPOSE: THE LEGACY CAMPAIGN

$40,000

JESUIT REFUGEE SERVICE USA

PURPOSE: GENERAL OPERATIONS

$20,000

GREGORIAN UNIVERSITY FOUNDATION

PURPOSE: GENERAL OPERATIONS

$10,000

Brooklyn, NY

PURPOSE: GENERAL OPERATIONS

$10,000

HOUR CHILDREN INC

PURPOSE: GENERAL OPERATIONS

$10,000
View Grant Profile

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