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Broms Family Foundation is a private corporation based in MINNETONKA, MN. The foundation received its IRS ruling in 1980. It holds total assets of $3K. Annual income is reported at $124K. Total assets have decreased from $288K in 2011 to $22K in 2023. The foundation is governed by 2 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Minnesota and Maine. According to available records, Broms Family Foundation has made 33 grants totaling $285K, with a median grant of $3K. Annual giving has grown from $52K in 2021 to $233K in 2022. Individual grants have ranged from $2K to $50K, with an average award of $9K. The foundation has supported 12 unique organizations. The foundation primarily supports organizations in Minnesota, Maine, District of Columbia, which account for 94% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$5K
Average Grant
$13K
Largest Grant
$35K
Based on 5 grants from the most recent 990-PF filing.
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.
Broms Family Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 33 grants. Its grantmaking reaches organizations primarily in MN, ME, DC.
Broms Family Foundation has distributed a total of $285K across 33 grants. The median grant size is $3K, with an average of $9K. Individual grants have ranged from $2K to $50K.
Broms Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Broms Family Foundation is headquartered in MINNETONKA, MN. While based in MN, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Richard A Broms | PRESIDENT | $0 | $0 | N/A |
| Cathy Broms | SECRETARY/TREASURER | $0 | $0 | N/A |
Total Giving
$171K
Total Assets
$22K
Fair Market Value
$22K
Net Worth
$22K
Grants Paid
$169K
Contributions
$188K
Net Investment Income
$587
Distribution Amount
$1K
Total Grants
33
Total Giving
$285K
Average Grant
$9K
Median Grant
$3K
Unique Recipients
12
Most Common Grant
$3K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Temple IsraelGENERAL | Minneapolis, MN | $34K | 2022 |
| Anti Defamation LeagueGENERAL | New York, NY | $3K | 2022 |
| Minneapolis Jewish FederationGENERAL | Minnetonka, MN | $50K | 2022 |
| North Side Achievement ZoneGENERAL | Minneapolis, MN | $8K | 2022 |
| Jewish Famliy And Childrens ServicesGENERAL | Golden Valley, MN | $5K | 2022 |
| J-HapGENERAL | Golden Valley, MN | $5K | 2022 |
| True FriendsGENERAL | Annandale, MN | $3K | 2022 |
| Mayo Clinic Department Of DevelopmentGENERAL | Rochester, MN | $3K | 2022 |
| Second Harvest HeartlandGENERAL | Brooklyn Park, MN | $3K | 2022 |
| United States Holocaust Memorial MuseumGENERAL | Washington, DC | $3K | 2022 |
| New Israel FundGENERAL | Lewiston, ME | $3K | 2022 |
| Educators For ExcellenceGENERAL | St Paul, MN | $2K | 2021 |