//
Centricity Credit Union Foundation Inc. is a private corporation based in HERMANTOWN, MN. The foundation received its IRS ruling in 2021. The principal officer is % Doug Ralston. It holds total assets of $49K. Annual income is reported at $34K. The Foundation will educate individuals in and around St. Louis County MN on building smart financial habits by providing this education the Foundation will assist individuals in gaining financial impendence thus improving an individual's quality of life. In 2022 the Foundation was laying the groundwork for these programs. COVID delayed our fundraising efforts. In 2022 we held our first charitable giving campaign. According to available records, Centricity Credit Union Foundation Inc. has made 7 grants totaling $11K, with a median grant of $2K. Annual giving has grown from $500 in 2021 to $4K in 2023. Grantmaking activity was highest in 2022 with $7K distributed across 4 grants. Individual grants have ranged from $500 to $2K, with an average award of $2K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
The foundation will educate individuals in and around St. Louis County, MN, on building smart financial habits. By providing this education, the foundation will assist individuals in gaining financial independence, thus improving an individual's quality of life. In 2021, the foundation was laying the groundwork for its programs.
The management and administrative costs incurred to operate the foundation, directly support, and are necessary to carry out the charitable programs and activities conducted by the foundation.
Expenses: $39
The Foundation will educate individuals in and around St. Louis County MN on building smart financial habits by providing this education the Foundation will assist individuals in gaining financial impendence thus improving an individual's quality of life. In 2022 the Foundation was laying the groundwork for these programs. COVID delayed our fundraising efforts. In 2022 we held our first charitable giving campaign. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in MN.
Centricity Credit Union Foundation Inc. has distributed a total of $11K across 7 grants. The median grant size is $2K, with an average of $2K. Individual grants have ranged from $500 to $2K.
The application deadline is January 15th for distribution in the fall.. Limited geographic area and proof of enrollment in post-secondary school. Minimum GPA of 2.5.
Centricity Credit Union Foundation Inc. is headquartered in HERMANTOWN, MN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Grace Nelson | Treasurer | $0 | $0 | $0 |
| Shawn Crowser | President | $0 | $0 | $0 |
| Doug Ralston | Director | $0 | $0 | $0 |
| Scott Christensen | Director | $0 | $0 | $0 |
| Mark Thorsten | Director | $0 | $0 | $0 |
Total Giving
$10K
Total Assets
$20K
Fair Market Value
$20K
Net Worth
$19K
Grants Paid
$4K
Contributions
$17K
Net Investment Income
$0
Distribution Amount
$809
Total Grants
7
Total Giving
$11K
Average Grant
$2K
Median Grant
$2K
Unique Recipients
4
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Ccu Foundation ScholarshipScholarships | Hermantown, MN | $2K | 2023 |
| Dick Veech ScholarshipScholarship | Hermantown, MN | $2K | 2023 |
| Benevolent Giving Less Than 2000Program Support | Hermantown, MN | $2K | 2022 |
| Benevolent Giving Less Than 1000Program support | Hermantown, MN | $500 | 2021 |
SUN CITY CTR, FL
STEWARTVILLE, MN
JEFFERSON CITY, MO
TALLAHASSEE, FL
| Brooke Peterson |
| Secretary |
| $0 |
| $0 |
| $0 |
© 2026 Granted AI