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Mercedes Foundation is a private corporation based in SAINT PAUL, MN. The foundation received its IRS ruling in 1965. It holds total assets of $932K. Annual income is reported at $310K. Total assets have decreased from $1.4M in 2011 to $908K in 2023. The foundation is governed by 1 officer or trustee. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Minnesota. According to available records, Mercedes Foundation has made 7 grants totaling $175K, with a median grant of $13K. Annual giving has grown from $53K in 2021 to $122K in 2022. Individual grants have ranged from $5K to $51K, with an average award of $25K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$13K
Average Grant
$18K
Largest Grant
$35K
Based on 3 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.
Mercedes Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in MN.
Mercedes Foundation has distributed a total of $175K across 7 grants. The median grant size is $13K, with an average of $25K. Individual grants have ranged from $5K to $51K.
Mercedes Foundation typically selects its grantees rather than accepting unsolicited proposals.
Mercedes Foundation is headquartered in SAINT PAUL, MN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Karen Benz | DIRECTOR | $0 | $0 | N/A |
Total Giving
$58K
Total Assets
$908K
Fair Market Value
$1M
Net Worth
$908K
Grants Paid
$50K
Contributions
$180K
Net Investment Income
$19K
Distribution Amount
$42K
Total: $889K
Total Grants
7
Total Giving
$175K
Average Grant
$25K
Median Grant
$13K
Unique Recipients
3
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Visitation SchoolGENERAL FUNDING | Mendota Heights, MN | $51K | 2022 |
| St Thomas AcademyGENERAL FUNDING | Mendota Heights, MN | $10K | 2022 |
| Mayo Clinic FoundationGENERAL FUNDING | Rochester, MN | $5K | 2021 |