Oleson Foundation

Organization Overview

Oleson Foundation is located in Traverse City, MI. The organization was established in 1962. 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. Oleson 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, Oleson Foundation generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 0.3% per year over the past 7 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, Oleson Foundation has awarded 403 individual grants totaling $5,678,803. 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

N/A


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $3,600
Interest on Savings $25
Dividends & Interest $344,728
Net Rental Income$516,649
Net Gain on Sale of Assets $1,895,794
Capital Gain Net Income $1,895,794
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $3,100,576

Grants Awarded

Over the last fiscal year, Oleson Foundation has awarded $1,139,327 in support to 65 organizations.

Grant RecipientAmount

TRAVERSE BAY CHILD ADVOCACY CENTER

PURPOSE: CAPITAL PROJECT YEAR 2 PAYMENT

$57,500

TART TRAILS

PURPOSE: GRANT FOR NAKWEMA TRAIL PROJECT

$56,500

CITY OPERA HOUSE HERITAGE ASSOCIATION

Org PageRecipient Profile

Traverse City, MI

PURPOSE: YEAR 1 PAYMENT FOR NEW SOUND SYSTEM

$55,000

WOMEN'S RESOURCE CENTER

PURPOSE: SUPPORT FOR VICTIMS OF DOMESTIC VIOLENCE

$51,000

BENZIE AREA CHRISTIAN NEIGHBORS

PURPOSE: GRANT FOR OPERATIONAL SUPPORT AND PROGRAMS

$50,000

BOTANICAL GARDENS OF NORTHWEST MICHIGAN

PURPOSE: GRANT FOR GARDENS/BARNS/EDUCATION CENTER

$50,000
View Grant Profile

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