Kenneth L Kellar Foundation

Organization Overview

Kenneth L Kellar Foundation is located in Aitkin, MN. The organization was established in 1991. 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. Kenneth L Kellar 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 09/2021, Kenneth L Kellar Foundation generated $268.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $316.4k during the year ending 09/2021. While expenses have increased by 3.0% 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 2015, Kenneth L Kellar Foundation has awarded 80 individual grants totaling $323,302. 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 PROVIDES LOW COST HOUSING TO RESIDENTS OF AITKIN MN THEY WERE SUBSUDIZED BY AN INTEREST FREE LOAN FROM GREATER MINNESOTA HOUSING AND RECEIVE A


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $36
Dividends & Interest $13,334
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 $30
Total Revenue $268,134

Grants Awarded

Over the last fiscal year, Kenneth L Kellar Foundation has awarded $42,840 in support to 15 organizations.

Grant RecipientAmount

Aitkin, MN

PURPOSE: EDUCATION

$7,000

AITKIN DOLLARS FOR SCHOLARS

PURPOSE: EDUCATION

$5,000

ST THOMAS AQUINAS

PURPOSE: EDUCATION

$5,000

CITY OF AITKIN

PURPOSE: PARK

$5,000

WILD FREE

PURPOSE: PROGRAMS

$5,000

RIDES FOR HEALTH

PURPOSE: PROGRAMS

$3,000
View Grant Profile

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