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Douglas Machine Foundation is a private corporation based in ALEXANDRIA, MN. The foundation received its IRS ruling in 2007. The principal officer is Thomas Wosepka. It holds total assets of $736K. Annual income is reported at $497K. Total assets have grown from $28K in 2011 to $406K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2021 to 2023. According to available records, Douglas Machine Foundation has made 6 grants totaling $335K, with a median grant of $58K. Annual giving has grown from $105K in 2021 to $230K in 2022. Individual grants have ranged from $20K to $85K, with an average award of $56K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
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.
Douglas Machine Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in MN.
Douglas Machine Foundation has distributed a total of $335K across 6 grants. The median grant size is $58K, with an average of $56K. Individual grants have ranged from $20K to $85K.
Must promote social services education or faith based companies.
Douglas Machine Foundation is headquartered in ALEXANDRIA, MN.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Tom Wosepka | Treasurer | $0 | $0 | N/A |
| Jon Ballou | Chairman | $0 | $0 | N/A |
Total Giving
$235K
Total Assets
$406K
Fair Market Value
$406K
Net Worth
$406K
Grants Paid
$235K
Contributions
$341K
Net Investment Income
N/A
Distribution Amount
$12K
Total Grants
6
Total Giving
$335K
Average Grant
$56K
Median Grant
$58K
Unique Recipients
3
Most Common Grant
$85K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Minnesota Adult And Teen ChallengeTo build new facility in Alexandria MN | Minneapolis, MN | $85K | 2022 |
| Douglas County Car Care ProgramTo help with the new facility and operations | Alexandria, MN | $30K | 2022 |
| Douglas County Car CareTo help with new facility and operations | Alexandria, MN | $20K | 2021 |