Donaldson Foundation
- Assets
- $5.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/1966
- Data as of
- 07/2024
- EIN
- 41-6052950
Organization Overview
Donaldson Foundation is located in Minneapolis, MN. The organization was established in 1966. 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. Donaldson 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 07/2024, Donaldson Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.2m during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Donaldson Foundation has awarded 195 individual grants totaling $5,921,152. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Swenson President | 10 | $0 | |
Lori Schmidt Treasurer | 10 | $0 | |
Lisa Evans Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $184,705 |
| Dividends & Interest | $70,311 |
| 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 | $1,255,016 |
| 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 | $8,830 |
| Total operating and administrative expenses | $8,830 |
| Contributions, gifts, grants paid | $1,191,195 |
| Total expenses and disbursements | $1,200,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,555 |
| Savings and temporary cash investments | $5,620,781 |
| 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 | $5,645,336 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Donaldson Foundation has awarded $1,191,195 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIP AMERICA PURPOSE: EDUCATIONAL SCHOLARSHIPS | $134,500 |
SCIENCE MUSEUM OF MN PURPOSE: GENERAL SUPPORT | $50,000 |
UNITED WAY OF CLINTON COUNTY PURPOSE: GENERAL SUPPORT | $27,192 |
MATCHING GIFTS PURPOSE: MATCHING EMPLOYEE DONATIONS | $16,249 |
UNITED WAY OF PORTAGE COUNTY PURPOSE: GENERAL SUPPORT | $28,381 |
UNITED WAY OF GREENE COUNTY PURPOSE: GENERAL SUPPORT | $7,573 |