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Clb Foundation is a private corporation based in EXCELSIOR, MN. The foundation received its IRS ruling in 2016. The principal officer is % Carl R Bergquist. It holds total assets of $17.5M. Annual income is reported at $9.9M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Clb Foundation has made 28 grants totaling $1.9M, with a median grant of $50K. Annual giving has grown from $250K in 2021 to $725K in 2023. Grantmaking activity was highest in 2022 with $930K distributed across 12 grants. Individual grants have ranged from $10K to $250K, with an average award of $68K. The foundation has supported 12 unique organizations. The foundation primarily supports organizations in Minnesota, Florida, Michigan, which account for 93% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Clb Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 28 grants. Its grantmaking reaches organizations primarily in MN, FL, MI.
Clb Foundation has distributed a total of $1.9M across 28 grants. The median grant size is $50K, with an average of $68K. Individual grants have ranged from $10K to $250K.
Clb Foundation typically selects its grantees rather than accepting unsolicited proposals.
Clb Foundation is headquartered in EXCELSIOR, MN. While based in MN, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Carolynn Krings | DIRECTOR | $17K | $0 | $18K |
| Carl R Bergquist | PRESIDENT/TREASURER | $0 | $0 | $0 |
| Beverly Nielsen | SECRETARY | $0 | $0 | $0 |
| Elizabeth Bergquist | VICE PRESIDENT | $0 | $0 | $0 |
Total Giving
$926K
Total Assets
$9.8M
Fair Market Value
$9.8M
Net Worth
$9.8M
Grants Paid
$725K
Contributions
$2.6M
Net Investment Income
$450K
Distribution Amount
$371K
Total: $9.4M
Total Grants
28
Total Giving
$1.9M
Average Grant
$68K
Median Grant
$50K
Unique Recipients
12
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Banyan FoundationCOMMUNITY AND CHILDRENS' AFTER-SCHOOL PROGRAMS | Minneapolis, MN | $50K | 2023 |
| Heritage Christian AcademyTUITION SPONSORSHIP | Maple Grove, MN | $250K | 2023 |
| Sanibel Community ChurchPROGRAM SPONSORSHIP | Sanibel, FL | $100K | 2023 |
| Chapel Hill AcademyTUITION SPONSORSHIP | Chanhassen, MN | $100K | 2023 |
| Southwest Christian High SchoolTUITION SPONSORSHIP | Chaska, MN |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| $100K |
| 2023 |
| Hillsdale CollegeTUITION SPONSORSHIP | Hillsdale, MI | $50K | 2023 |
| Sisters Rising WorldwideFUNDING PROGRAM NEEDS FOR SISTERS WORLDWIDE | St Paul, MN | $50K | 2023 |
| Hope For The Hurting HomeCOUNSELING SUPPORT | Hamel, MN | $15K | 2023 |
| International MessengersMINISTRY OUTREACH | Clear Lake, IA | $10K | 2023 |
| Deer Creek Community ChurchMINISTRY OUTREACH | Apple Valley, MN | $20K | 2022 |
| Joshua One EightHIGHERTREK | Lexington, KY | $50K | 2021 |
| MicrograntsFUND GRANT PROGRAM | Minneapolis, MN | $20K | 2021 |
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