Culp Family Foundation

Organization Overview

Culp Family Foundation is located in Tonka Bay, MN. The organization was established in 2002. 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. Culp Family 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, Culp Family Foundation generated $909.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $289.3k during the year ending 12/2021. While expenses have increased by 6.4% per year over the past 4 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 2020, Culp Family Foundation has awarded 114 individual grants totaling $1,219,000. 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 $800,979
Interest on Savings $0
Dividends & Interest $34,770
Net Rental Income$0
Net Gain on Sale of Assets $73,363
Capital Gain Net Income $553,586
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $909,112

Grants Awarded

Over the last fiscal year, Culp Family Foundation has awarded $272,500 in support to 36 organizations.

Grant RecipientAmount

THE QUELL FOUNDATION

PURPOSE: CHARITABLE

$30,000

THEATER LATTE DA

PURPOSE: CHARITABLE

$25,000

THE RETREAT

PURPOSE: CHARITABLE

$25,000

UNIVERSITY OF MINNESOTA - CAMPBELL HALL

PURPOSE: CHARITABLE

$25,000

BRIDGING

PURPOSE: CHARITABLE

$21,000

BASILICA OF ST MARY

PURPOSE: CHARITABLE

$20,000
View Grant Profile

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