MINNEAPOLIS, MN
Katherine Wells Macmillan Foundation
Quick Facts
- EIN
- 412000877
- Location
- MINNEAPOLIS, MN
- Category
- Education
- Total Assets
- $131.8M
- Annual Income
- $28.7M
- IRS Ruling Year
- 2001
- Organization Type
- Corporation
- Principal Officer
- % Steven A Hornig
- Tax Deductibility
- Contributions are deductible
About This Foundation
Katherine Wells Macmillan Foundation is a private corporation based in MINNEAPOLIS, MN. The foundation received its IRS ruling in 2001. The principal officer is % Steven A Hornig. It holds total assets of $131.8M. Annual income is reported at $28.7M. The foundation operates in the area of education. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$4.9M
2023+8%
Total Assets
$110.8M
2023+50%
Fair Market Value
$111M
2023
Net Worth
$110.8M
2023
Grants Paid
$3.1M
2023
Contributions
$40M
2023
Net Investment Income
$2.1M
2023
Distribution Amount
$4.7M
2023
Total Giving by Year
$25
11$70K
12$101K
13$101K
14$103K
15$82K
19$1.5M
20$706K
21$4.6M
22$4.9M
23Asset Growth
$1
11$969K
12$966K
13$938K
14$881K
15$905K
19$18.1M
20$78.6M
21$73.9M
22$110.8M
23Investment Portfolio (2023)
Total: $71.9M
Corporate Stock: $9.8M
Corporate Bonds: $62.1M
Corporate Stock (14%)
Corporate Bonds (86%)
Expense Breakdown (2023)
Grants Paid$3.1M
Accounting Fees$50K
Interest$2K
Revenue Sources (2023)
- Contributions
- $40M
- Dividends
- $2.7M
- Interest
- $1.1M
- Other Income
- $178
- Capital Gains (Net)
- $-1,988,414
Financial Details (2023)
- Total Revenue
- $41.8M
- Total Expenses
- $4.9M
- Exempt Purpose Expenses
- $3.1M
- Required Distribution
- $4.7M
- Undistributed Income
- $4.4M
- Total Liabilities
- $1
- Excise Tax
- $29K
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 |
| 2018-12 | 990PF | View Filing |
| 2017-12 | 990PF | View Filing |
| 2016-12 | 990PF | View Filing |
| 2015-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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