Poterucha Family Foundation

Organization Overview

Poterucha Family Foundation is located in Rochester, MN. The organization was established in 1977. 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. Poterucha 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, Poterucha Family Foundation generated $66.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (31.5%) each year. All expenses for the organization totaled $167.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Poterucha Family Foundation has awarded 142 individual grants totaling $371,089. 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

THE FOUNDATION SUPPORTS CHARITABLE ORGANIZATIONS AS DEFINED IN CODE SECTION 170(C) AND INDIVIDUALS WHO JUSTIFY NEED.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $187
Dividends & Interest $39,287
Net Rental Income$0
Net Gain on Sale of Assets $27,205
Capital Gain Net Income $27,205
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $66,679

Grants Awarded

Over the last fiscal year, Poterucha Family Foundation has awarded $145,000 in support to 31 organizations.

Grant RecipientAmount

Rochester, MN

PURPOSE: UNRESTRICTED GIFT

$13,000

ST FRANCIS SCHOOL

PURPOSE: UNRESTRICTED GIFT

$10,000

HIAWATHA HOMES FOUNDATION

Org PageRecipient Profile

Rochester, MN

PURPOSE: UNRESTRICTED GIFT

$10,000

DOC'S RECOVERY HOUSE

Org PageRecipient Profile

Rochester, MN

PURPOSE: UNRESTRICTED GIFT

$8,000

Minneapolis, MN

PURPOSE: UNRESTRICTED GIFT

$8,000

ST HUGO OF THE HILLS

PURPOSE: UNRESTRICTED GIFT

$6,000
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