Funder DirectorySecurity State Bank Foundation
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Private foundation (trust)EIN 411830282Est. 2014-06

Security State Bank Foundation

Hibbing, MN 55746

Accepts unsolicited proposals

Total Assets

$278K

FY 2023

Annual Giving

$14K

FY 2023

Grants Made

18

FY 2023

Avg Grant

$794

FY 2023

Grant Range

$250–$2K

Typical

Deadlines

Open / rolling

Applications

Focus Areas

Private Grantmaking Foundations

Financial Snapshot

2023 filing

Total Revenue

$30K

Total Expenses

$15K

Qualifying Distributions

$15K

Distributable Amount

$13K

Min. Investment Return

$13K

Undistributed Income

$13K

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

18 grants

Grant sizes from minimum $250 through median $625 to maximum $2K, 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 $14K in 2020. Hover bars for details.

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

Top Recipients

62 grants

Salvation Army
$6K
4 grants
Hibbing Farmers Market
$4K
4 grants
Veterans Community Thrift Store
$4K
3 grants
Angel Fund
$3K
4 grants
MDI
$3K
2 grants
Paulucci Space Theatre
$2K
1 grant
Boys and Girls Club - Hibbing
$2K
2 grants
HCC Foundation for Paulucci Space Theater
$2K
1 grant

Grant Size Distribution

62 grants

<$10K
62
grants
$10–50K
$50–250K
$250K–1M
$1–5M
$5M+

Geographic Focus

2 states

Minnesota
$56K
99% of total
Illinois
$500
1% of total

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Security State Bank Foundation — Grants, Financials & Contact | Grantivo