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Marvin And Betty Borman Foundation is a private corporation based in DEEPHAVEN, MN. The foundation received its IRS ruling in 1985. It holds total assets of $9.7M. Annual income is reported at $3.5M. Total assets have grown from $3.1M in 2010 to $8.6M in 2023. The foundation is governed by 4 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Minnesota and California. According to available records, Marvin And Betty Borman Foundation has made 29 grants totaling $2.2M, with a median grant of $50K. Annual giving has grown from $82K in 2020 to $491K in 2023. Grantmaking activity was highest in 2022 with $1.6M distributed across 14 grants. Individual grants have ranged from $5K to $248K, with an average award of $75K. The foundation has supported 17 unique organizations. Grants have been distributed to organizations in Minnesota and Massachusetts and California. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$10K
Average Grant
$14K
Largest Grant
$28K
Based on 6 grants from the most recent 990-PF filing.
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.
Marvin And Betty Borman Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 29 grants. Its grantmaking reaches organizations primarily in MN, MA, CA.
Marvin And Betty Borman Foundation has distributed a total of $2.2M across 29 grants. The median grant size is $50K, with an average of $75K. Individual grants have ranged from $5K to $248K.
Marvin And Betty Borman Foundation typically selects its grantees rather than accepting unsolicited proposals.
Marvin And Betty Borman Foundation is headquartered in DEEPHAVEN, MN. While based in MN, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kimberly Borman | VICE PRESIDENT | $0 | $0 | N/A |
| Jane Ross | VICE PRESIDENT | $0 | $0 | N/A |
| Thomas Borman | VICE PRESIDENT | $0 | $0 | N/A |
| Elizabeth Borman | PRESIDENT & TREASURER | $0 | $0 | N/A |
Total Giving
$614K
Total Assets
$8.6M
Fair Market Value
$11.2M
Net Worth
$8.6M
Grants Paid
$491K
Contributions
N/A
Net Investment Income
$599K
Distribution Amount
$510K
Total: $8M
Total Grants
29
Total Giving
$2.2M
Average Grant
$75K
Median Grant
$50K
Unique Recipients
17
Most Common Grant
$100K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| United WayGENERAL FUNDING | Minneapolis, MN | $10K | 2020 |
| Planned Parenthood North Central StatesPLANNED PARENTHOOD ENDOWMENT FOR KIM | Saint Paul, MN | $90K | 2023 |
| Planned Parenthood Northern CaliforniaGENERAL FUNDING | Concord, CA | $90K | 2023 |
| Planned Parenthood League Of Massachusetts IncGENERAL FUNDING | Boston, MA | $90K | 2023 |
| Our JusticeGENERAL FUNDING | Minneapolis, MN | $50K | 2023 |
| Access Reproductive JusticeGENERAL FUNDING | Oakland, CA | $50K | 2023 |
| Eastern Massachusetts Abortion FundGENERAL FUNDING | Cambridge, MA | $50K | 2023 |
| Hubert H Humphrey School Of Public AffairsMICHAEL O. FREEMAN FELLOWSHIP | Minneapolis, MN | $30K | 2023 |
| Bionic Project IncGENERAL FUNDING | Cambridge, MA | $30K | 2023 |
| Minneapolis Institute Of ArtGENERAL FUNDING | Minneapolis, MN | $11K | 2023 |
| Temple Israel MinneapolisCAMP TEKO - NAMING RIGHTS FOR RENOVATED BUILDING | Minneapolis, MN | $248K | 2022 |
| St Thomas UniversityENDOW THREE SCHOLARSHIPS AT DOUGHERTY FAMILY COLLEGE | St Paul, MN | $225K | 2022 |
| Minneapolis Jewish FederationGENERAL FUNDING | Minnetonka, MN | $28K | 2022 |
| Northside Achievement ZoneGENERAL FUNDING | Minneapolis, MN | $25K | 2020 |
| Bridge The Gap College PrepGENERAL FUNDING | Marin City, CA | $9K | 2020 |
| Walker Art CenterGENERAL FUNDING | Minneapolis, MN | $5K | 2020 |
| Minnesota OrchestraGENERAL FUNDING | Minneapolis, MN | $5K | 2020 |