Katherine Wells Macmillan Foundation

Organization Overview

Katherine Wells Macmillan Foundation is located in Minneapolis, MN. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Katherine Wells Macmillan 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, Katherine Wells Macmillan Foundation generated $61.2m in total revenue. All expenses for the organization totaled $706.5k during the year ending 12/2021. While expenses have increased by 31.7% 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, Katherine Wells Macmillan Foundation has awarded 18 individual grants totaling $2,445,000. 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

THE FOUNDATION'S ACTIVITIES CONSIST SOLELY OF GRANTMAKING TO OTHER PUBLIC CHARITABLE ORGANIZATIONS QUALIFIED UNDER 501(C)(3).


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Board, Officers & Key Employees

Name (title)Compensation
Jennifer J Cullen
Director/treasurer
$0
Marianne Short
Director
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $60,000,000
Interest on Savings $51,057
Dividends & Interest $1,543,169
Net Rental Income$0
Net Gain on Sale of Assets -$403,984
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $28,117
Total Revenue $61,218,359

Grants Awarded

Over the last fiscal year, Katherine Wells Macmillan Foundation has awarded $65,000 in support to 2 organizations.

Grant RecipientAmount

FLORIDA KEYS CHILDREN'S SHELTER

Org PageRecipient Profile

Tavernier, FL

PURPOSE: UNRESTRICTED

$32,500

GRACE JONES COMMUNITY CENTER

Org PageRecipient Profile

Marathon, FL

PURPOSE: UNRESTRICTED

$32,500
View Grant Profile

Peer Organizations

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