Rbc Foundation Usa
- Assets
- $781.7k
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 10/1963
- Data as of
- 10/2023
- EIN
- 41-6030639
Organization Overview
Rbc Foundation Usa is located in Minneapolis, MN. The organization was established in 1963. 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. Rbc Foundation USA 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 10/2023, Rbc Foundation USA generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $10.2m during the year ending 10/2023. While expenses have increased by 13.9% per year over the past 5 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, Rbc Foundation USA has awarded 56 individual grants totaling $27,610,007. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Baumbach President | 0 | $0 | |
Julie Allen Senior Manager | 0 | $0 | |
Wally Chapman Advisory Board | 0 | $0 | |
Darryl Traweek Advisory Board | 0 | $0 | |
Pat Vaughan Advisory Board | 0 | $0 | |
Janet Becker Advisory Board | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,304,123 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,304,123 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $10,202,675 |
| Total expenses and disbursements | $10,202,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $781,671 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $781,671 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $733,464 |
| Deferred revenue | $48,207 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $781,671 |
Grants Awarded
Over the last fiscal year, Rbc Foundation Usa has awarded $10,202,675 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
TWIN CITIES GRANT PROGRAM PURPOSE: GENERAL | $700,000 |
CORPORATECAPITAL GRANTS PURPOSE: GENERAL | $242,000 |
DIVISIONAL PROGRAM PURPOSE: GENERAL | $975,000 |
UNITED WAY BRANCH MATCHING PURPOSE: GENERAL | $30,030 |
DISCRETIONARY FUNDS PURPOSE: GENERAL | $214,000 |
ENVIRONMENTJOINT FUND PURPOSE: GENERAL | $171,167 |