Edward And Hannah Gustafson Foundation

Organization Overview

Edward And Hannah Gustafson Foundation is located in Crosslake, MN. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Edward And Hannah Gustafson Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOUNDATION PARTNERED WITH ANOKA COUNTY TO USE ITS RESOURCES TO REHAB VACANT HOMES FOR THE COUNTY TO GET THEM PREPARED FOR RE-SALE TO A QUALIFIED INDIVIDUAL AS DEEMED BY ANOKA COUNTY.


USE THE INVESTMENT PROCEEDS TO GIVE TO QUALIFIED CHARITIES DONATIONS FROM TWO INCOME PRODUCING PROPERTIES MAINTAINED AFTER BEING DONATED TO OR PURCHASED BY THE FOUNDATION. THE FOUNDATION IS COMMITTED TO AFFORDABLE HOUSING.


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Board, Officers & Key Employees

Name (title)Compensation
Mike Foschi
President
$6,191
Claudia Foschi
Director
$0
Cindy Redmann
Director
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $2,733
Dividends & Interest $1,367
Net Rental Income-$2,127
Net Gain on Sale of Assets $96,978
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $101,078

Grants Awarded

Over the last fiscal year, Edward And Hannah Gustafson Foundation has awarded $14,400 in support to 4 organizations.

Grant RecipientAmount

EAGLE'S NEST MINISTRIES

Org PageRecipient Profile

Aurora, MO

PURPOSE: CHARITABLE

$6,000

Roseville, MN

PURPOSE: CHARITABLE

$5,000

AMERICARES

PURPOSE: CHARITABLE

$2,400

ALZEIHMERS ASSOCIATION

PURPOSE: CHARITABLE

$1,000
View Grant Profile

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