Private foundation (trust)EIN 832252772Est. 2019-09
WONDERFUL FOUNDATIONS
MINNEAPOLIS, MN 55408
Total Assets
$177.6M
FY 2023
Annual Giving
$223K
FY 2023
Grants Made
12
FY 2023
Avg Grant
$19K
FY 2023
Grant Range
$2K–$47K
Typical
Deadlines
—
Applications
Programs & Activities
Program 1
$22.4MWonderful foundation leases properties to charter schools and at the end of the bond term, it will transfer fee simple title of the leased property to the leasing charter school. In effect, the separate charter schools are acquiring their school sites. This structure reduces the transaction costs associated with having each charter school obtain separate financing, which is often prohibitively expensive. It also enables charter schools to have something that is both a frequent impediment to their mission and a significant benefit: permanency.
Program 2
The revenue in excess of debt service and expenses is used for capital improvements to the charter school buildings and to make gifts and grants to its tax-exempt charter school tenants through the 'wfcs giving fund'. In addition, wonderful foundations (a) provides technical assistance to public charter schools; (b) conducts education and advocacy activities about and for public charter schools; and (c) provides grants to public charter schools to support innovative programs.
Focus Areas
Financial Snapshot
2023 filing
Total Revenue
$19.5M
Total Expenses
$22.6M
Qualifying Distributions
$3.1M
Min. Investment Return
$1.2M
Grant Range
12 grants
Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.
Top Recipients
12 grants
Grant Size Distribution
12 grants
Geographic Focus
5 states
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