//
Also known as: FOUNDATION
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Edward And Hannah Gustafson Foundation is a private corporation based in CROSSLAKE, MN. The foundation received its IRS ruling in 2003. The principal officer is Michael Foschi. It holds total assets of $279K. Annual income is reported at $15K. Total assets have decreased from $622K in 2011 to $251K in 2023. The foundation is governed by 3 officers and trustees. Foundation partnered with anoka county to use its resources to rehab vacant homes for the county to get them prepared for re-sale to a qualified individual as deemed by anoka county. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Missouri, Minnesota and Connecticut. According to available records, Edward And Hannah Gustafson Foundation has made 22 grants totaling $67K, with a median grant of $2K. Annual giving has decreased from $15K in 2020 to $10K in 2023. Grantmaking activity was highest in 2022 with $28K distributed across 10 grants. Individual grants have ranged from $1K to $7K, with an average award of $3K. The foundation has supported 10 unique organizations. The foundation primarily supports organizations in Minnesota, Missouri, Connecticut, which account for 73% of all grants. Grantmaking reaches organizations across 5 states.
Smallest Grant
$2K
Median Grant
$6K
Average Grant
$5K
Largest Grant
$7K
Based on 3 grants from the most recent 990-PF filing.
Foundation partnered with anoka county to use its resources to rehab vacant homes for the county to get them prepared for re-sale to a qualified individual as deemed by anoka county.
Use the investment proceeds to give to qualified charities donations from two income producing properties maintained after being donated to or purchased by the foundation. The foundation is committed to affordable housing.
Foundation partnered with anoka county to use its resources to rehab vacant homes for the county to get them prepared for re-sale to a qualified individual as deemed by anoka county. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in MN, MO, CT.
Edward And Hannah Gustafson Foundation has distributed a total of $67K across 22 grants. The median grant size is $2K, with an average of $3K. Individual grants have ranged from $1K to $7K.
The application deadline is THERE IS NO DEADLINE.. Awards will be limited to need and funds available by foundation at discretion of the board.
Edward And Hannah Gustafson Foundation is headquartered in CROSSLAKE, MN. While based in MN, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mike Foschi | PRESIDENT | $8K | $0 | $8K |
| Cindy Redmann | DIRECTOR | $0 | $0 | N/A |
| Claudia Foschi | DIRECTOR | $0 | $0 | N/A |
Total Giving
$17K
Total Assets
$251K
Fair Market Value
$289K
Net Worth
$251K
Grants Paid
$10K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
$13K
Total Grants
22
Total Giving
$67K
Average Grant
$3K
Median Grant
$2K
Unique Recipients
10
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation Army501c3 | Saint Paul, MN | $4K | 2023 |
| Amercian Cancer Hope Lodge501c3 | Minneapolis, MN | $2K | 2023 |
| Alzheimer'S Association501 c3 | Chicago, IL | $2K | 2023 |
| Feed My Starving Children501c3 | Minneapolis, MN | $2K | 2023 |
| Amercian Heart Association501c3 | Dallas, TX | $1K | 2023 |
| American Cancer - Hope LodgeCHARITABLE | Minneapolis, MN | $3K | 2022 |
| American Heart AssociationCHARITABLE | Dallas, TX | $2K | 2022 |
| Alzeihmers AssociationCHARITABLE | Chicago, IL | $2K | 2022 |
| Eagle'S Nest MinistriesCHARITABLE | Aurora, MO | $6K | 2021 |
| AmericaresCHARITABLE | Stamford, CT | $2K | 2021 |