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Carolyn Foundation is a private trust based in MINNEAPOLIS, MN. The foundation received its IRS ruling in 1965. It holds total assets of $33.4M. Annual income is reported at $6.7M. The foundation is governed by 15 officers and trustees. Improve the lives of children/families, communities, and the environment through the involvement of successive generations of the family of Carolyn McKnight Christian. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Minneapolis, Minnesota, New Haven, Connecticut and Minnesota. According to available records, Carolyn Foundation has made 8 grants totaling $11.3M, with a median grant of $1.1M. The foundation has distributed between $3.2M and $4.4M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $4.4M distributed across 4 grants. Individual grants have ranged from $13K to $3.7M, with an average award of $1.4M. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
Community development and improvement initiatives in Minneapolis, Minnesota
Community development and improvement initiatives in New Haven, Connecticut
Climate change mitigation and environmental initiatives, focused on Minnesota
Long-term systematic change initiatives addressing root causes of community challenges
Improve the lives of children/families, communities, and the environment through the involvement of successive generations of the family of Carolyn McKnight Christian. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in MN.
Carolyn Foundation has distributed a total of $11.3M across 8 grants. The median grant size is $1.1M, with an average of $1.4M. Individual grants have ranged from $13K to $3.7M.
The application deadline is SEE ATTACHMENT 1. Foundation appears to prioritize systemic change, equity, and community partnership. Emphasis on addressing root causes rather than symptoms.
Carolyn Foundation is headquartered in MINNEAPOLIS, MN. The foundation primarily funds organizations in Minneapolis, Minnesota, New Haven, Connecticut, Minnesota.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Rebecca Erdahl | SEC/EX DIRECTOR | $211K | $20K | $231K |
| Chris Smith | TRUSTEE | $0 | $0 | N/A |
| Brooke Reed | TRUSTEE | $0 | $0 | N/A |
| Anne Calabresi | TRUSTEE | $0 | $0 | N/A |
| John Jolliffe | TRUSTEE | $0 | $0 | N/A |
| Edmund C Graham Iii | TRUSTEE | $0 | $0 | N/A |
| Tim Crosby | TRUSTEE | $0 | $0 | N/A |
| Stewart Crosby | TRUSTEE | $0 | $0 | N/A |
| Alexander Crosby | TRUSTEE | $0 | $0 | N/A |
| Claren Copp Larocque | TRUSTEE | $0 | $0 | N/A |
| Nell Smith | TREASURER | $0 | $0 | N/A |
| Clark Carlton | VICE CHAIR | $0 | $0 | N/A |
| Sophie Larocque | CHAIR | $0 | $0 | N/A |
| Jennifer Phelps | TRUSTEE | $0 | $0 | N/A |
| Guido Calabresi | EMERITUS TRUSTEE | $0 | $0 | N/A |
Total Giving
$4.3M
Total Assets
$32.2M
Fair Market Value
$45.7M
Net Worth
$32.2M
Grants Paid
$3.7M
Contributions
N/A
Net Investment Income
$1.9M
Distribution Amount
$2.1M
Total: $26.7M
Total Grants
8
Total Giving
$11.3M
Average Grant
$1.4M
Median Grant
$1.1M
Unique Recipients
2
Most Common Grant
$2.2M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Attachment 2SEE ATTACHMENT 2 | Minneapolis, MN | $3.7M | 2023 |
| See Attachment 3SEE ATTACHMENT 3 | Minneapolis, MN | $33K | 2023 |