GRAND RAPIDS, MN
Charles K Blandin Foundation
Quick Facts
- EIN
- 416038619
- Location
- GRAND RAPIDS, MN
- Category
- Philanthropy & Grantmaking
- Total Assets
- $506.3M
- Annual Income
- $72.3M
- IRS Ruling Year
- 1944
- Organization Type
- Trust
- Principal Officer
- % Norwest Bank Mn Tax Dept
- Tax Deductibility
- Contributions are deductible
About This Foundation
Charles K Blandin Foundation is a private trust based in GRAND RAPIDS, MN. The foundation received its IRS ruling in 1944. The principal officer is % Norwest Bank Mn Tax Dept. It holds total assets of $506.3M. Annual income is reported at $72.3M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$21.7M
2023-7%
Total Assets
$496.8M
2023+5%
Fair Market Value
$496.8M
2023
Net Worth
$487.3M
2023
Grants Paid
$14.1M
2023
Contributions
$19.3M
2023
Net Investment Income
$2.2M
2023
Distribution Amount
$2.8M
2023
Total Giving by Year
$20.9M
11$17.6M
12$19.7M
13$20M
14$20.5M
15$20.1M
19$19.2M
20$20.4M
21$23.2M
22$21.7M
23Asset Growth
$381.3M
11$404.3M
12$449.9M
13$444.8M
14$409M
15$463.5M
19$484.2M
20$546.8M
21$473.8M
22$496.8M
23Investment Portfolio (2023)
Total: $9M
Corporate Stock: $9M
Other Investments: $40.6M
Corporate Stock (18%)
Other Investments (82%)
Expense Breakdown (2023)
Grants Paid$14.1M
Officer Compensation$1.1M
Pension & Benefits$1M
Occupancy$256K
Travel & Conferences$227K
Depreciation$225K
Legal Fees$161K
Accounting Fees$134K
Interest$10K
Printing & Publications$8K
Revenue Sources (2023)
- Contributions
- $19.3M
- Dividends
- $1.2M
- Capital Gains (Net)
- $824K
- Other Income
- $37K
Financial Details (2023)
- Total Revenue
- $21.3M
- Total Expenses
- $21.7M
- Exempt Purpose Expenses
- $21.8M
- Required Distribution
- $2.8M
- Undistributed Income
- $0
- Grants Approved (Future)
- $9.1M
- Total Liabilities
- $9.5M
- Excise Tax
- $31K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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