Driscoll Foundation
- Assets
- $0.0
- Revenue
- $7.0m
- Investments
- $32.5m
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 07/1963
- Data as of
- 02/2020
- EIN
- 41-6012065
Organization Overview
Driscoll Foundation is located in St Paul, MN. The organization was established in 1963. 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. Driscoll 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 02/2020, Driscoll Foundation generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 53.2% each year . All expenses for the organization totaled $1.6m during the year ending 02/2020. While expenses have increased by 3.0% per year over the past 3 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 2021, Driscoll Foundation has awarded 193 individual grants totaling $10,766,854. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret L Driscoll Director | 1 | $0 | |
Elizabeth D Hlavka President/director | 1 | $0 | |
Elizabeth S Driscoll Director | 1 | $0 | |
Jeff Rtolzin Secretary/treasurer | 1 | $0 | |
William L Driscoll Director | 1 | $0 | |
John B Driscoll Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,264,715 |
| Interest on Savings | $0 |
| Dividends & Interest | $801,676 |
| Profit on Inventory Sales | $0 |
| Other Income | $81,487 |
| Total Revenue | $7,007,514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $198,254 |
| Contributions, gifts, grants paid | $1,425,000 |
| Total expenses and disbursements | $1,623,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,078,177 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Driscoll Foundation has awarded $1,374,728 in support to 99 organizations.
| Grant Recipient | Amount |
|---|---|
MINNESOTA PUBLIC RADIO PURPOSE: THE BOARD ANNUAL CAMPAIGN ($15,000), THE HORIZON FUND ($50,000), THE JON MCTAGGART FUND ($10,000), THE INSPIRED BY YOU CAMPAIGN ($25,000) | $100,000 |
Chaska, MN PURPOSE: SLADE PERENNIAL GARDEN, DRISCOLL FAMILY OVERLOOK AND IS A 4-YEAR PLEDGE | $100,000 |
CHILDREN'S MUSEUM OF TACOMA - GREENTRIKE PURPOSE: GENERAL OPERATING SUPPORT IN HONOR OF LISA HOFFMAN'S LEADERSHIP | $75,000 |
Saint Paul, MN PURPOSE: FORT SNELLING PROGRAMS | $67,000 |
Saint Paul, MN PURPOSE: DESIGN OF RIVER LEARNING CENTER | $60,000 |
TACOMA ART MUSEUM PURPOSE: THE CAPITAL CAMPAIGN PLEDGE AND IS A 5-YEAR PLEDGE | $53,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
American Family Insurance Dreams Foundation Inc Madison, WI | $10,733,127 | $6,580,229 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI | $301,880,639 | $24,555,392 |
Argosy Foundation Milwaukee, WI | $36,932,110 | $41,277,914 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |
Herbert H Kohl Charities Inc Milwaukee, WI | $19,332,679 | $4,430,173 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |