Marvin And Betty Borman Foundation

Organization Overview

Marvin And Betty Borman Foundation is located in Deephaven, MN. The organization was established in 1985. 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. Marvin And Betty Borman 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, Marvin And Betty Borman Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $634.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Marvin And Betty Borman Foundation has awarded 11 individual grants totaling $1,535,000. 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.

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 $0
Interest on Savings $345
Dividends & Interest $141,871
Net Rental Income$0
Net Gain on Sale of Assets $1,031,120
Capital Gain Net Income $1,031,120
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $142
Total Revenue $1,173,478

Grants Awarded

Over the last fiscal year, Marvin And Betty Borman Foundation has awarded $503,000 in support to 3 organizations.

Grant RecipientAmount

TEMPLE ISRAEL MINNEAPOLIS

PURPOSE: CAMP TEKO - NAMING RIGHTS FOR RENOVATED BUILDING

$250,000

ST THOMAS UNIVERSITY

Org PageRecipient Profile

St Paul, MN

PURPOSE: ENDOW THREE SCHOLARSHIPS AT DOUGHERTY FAMILY COLLEGE

$225,000

MINNEAPOLIS JEWISH FEDERATION

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: GENERAL FUNDING

$28,000
View Grant Profile

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