Funder DirectoryMINNESOTA POWER FOUNDATION
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Private foundation (trust)EIN 562560595Est. 2007-03

MINNESOTA POWER FOUNDATION

DULUTH, MN 55802

Accepts unsolicited proposals

Total Assets

$930K

FY 2023

Annual Giving

$797K

FY 2023

Grants Made

160

FY 2023

Avg Grant

$5K

FY 2023

Grant Range

$400–$100K

Typical

Deadlines

Grant applications are accepted and re…

Applications

Focus Areas

Corporate Foundations

Financial Snapshot

2023 filing

Total Revenue

$791K

Total Expenses

$813K

Qualifying Distributions

$811K

Distributable Amount

$53K

Min. Investment Return

$53K

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

160 grants

Grant sizes from minimum $400 through median $1K to maximum $100K, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

4 years

Giving over time from 2020 to 2023. Peak $797K in 2023. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

500 grants

HEAD OF THE LAKES UNITED WAY
$398K
5 grants
UNITED WAY OF 1000 LAKES
$183K
6 grants
UNITED WAY OF NORTHEASTERN MINNESOTA INC
$93K
5 grants
DULUTH SUPERIOR AREA COMMUNITY FOUNDATION
$73K
5 grants
ROCK RIDGE PUBLIC SCHOOLS
$70K
2 grants
UNITED WAY OF CARLTON COUNTY
$63K
4 grants
ESSENTIA HEALTH FOUNDATION
$60K
2 grants
FIRST WITNESS CHILD ADVOCACY CENTER
$50K
1 grant

Grant Size Distribution

498 grants

<$10K
454
grants
$10–50K
40
grants
$50–250K
4
grants
$250K–1M
$1–5M
$5M+

Geographic Focus

6 states

Minnesota
$2.4M
100% of total
New Hampshire
$5K
0% of total
Wisconsin
$4K
0% of total
Michigan
$2K
0% of total
Montana
$325
0% of total
North Dakota
$125
0% of total

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MINNESOTA POWER FOUNDATION — Grants, Financials & Contact | Grantivo