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Bill And Margaret Marvin Foundation is a private corporation based in WARROAD, MN. The foundation received its IRS ruling in 2011. The principal officer is Elliot Larson. It holds total assets of $11.3M. Annual income is reported at $2.5M. Total assets have grown from N/A in 2011 to $11.5M in 2023. The foundation is governed by 6 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Bill And Margaret Marvin Foundation has made 10 grants totaling $3.2M, with a median grant of $250K. The foundation has distributed between $726K and $1.7M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $1.7M distributed across 6 grants. Individual grants have ranged from $26K to $775K, with an average award of $320K. The foundation has supported 5 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Bill And Margaret Marvin Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in MN.
Bill And Margaret Marvin Foundation has distributed a total of $3.2M across 10 grants. The median grant size is $250K, with an average of $320K. Individual grants have ranged from $26K to $775K.
Bill And Margaret Marvin Foundation typically selects its grantees rather than accepting unsolicited proposals.
Bill And Margaret Marvin Foundation is headquartered in WARROAD, MN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Elliot J Larson | SECRETARY/TREASURER | $91K | $0 | $91K |
| Jeffary M Johnson | DIRECTOR | $0 | $0 | N/A |
| John W Marvin | DIRECTOR | $0 | $0 | N/A |
| Paul H Marvin | DIRECTOR | $0 | $0 | N/A |
| George G Marvin | DIRECTOR | $0 | $0 | N/A |
| George G Marvin Iii | CHAIR | $0 | $0 | N/A |
Total Giving
$883K
Total Assets
$11.5M
Fair Market Value
$16.6M
Net Worth
$11.5M
Grants Paid
$726K
Contributions
N/A
Net Investment Income
$467K
Distribution Amount
$779K
Total: $9.7M
Total Grants
10
Total Giving
$3.2M
Average Grant
$320K
Median Grant
$250K
Unique Recipients
5
Most Common Grant
$150K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Warroad Community Childcare CenterCOMMUNITY IMPROVEMENT | Warroad, MN | $500K | 2023 |
| Warroad Community DevelopmentCOMMUNITY IMPROVEMENT | Warroad, MN | $200K | 2023 |
| St Paul & Minnesota FoundationCOMMUNITY IMPROVEMENT | Saint Paul, MN | $26K | 2023 |
| Northland Community And Technical College FoundationEDUCATION PROGRAM SUPPORT | Thief River Falls, MN | $250K | 2022 |
| Warroad Community PartnersCOMMUNITY IMPROVEMENT | Warroad, MN | $150K | 2022 |