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Michael R Stedman Foundation is a private corporation based in BLAINE, MN. The foundation received its IRS ruling in 2007. The principal officer is Susan R Stedman. It holds total assets of $16K. Annual income is reported at $63K. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Minnesota, Colorado and Illinois. According to available records, Michael R Stedman Foundation has made 15 grants totaling $90K, with a median grant of $5K. Annual giving has grown from $38K in 2021 to $53K in 2022. Individual grants have ranged from $2K to $25K, with an average award of $6K. The foundation has supported 9 unique organizations. The foundation primarily supports organizations in Minnesota, Illinois, Colorado, which account for 93% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$5K
Average Grant
$8K
Largest Grant
$25K
Based on 7 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.
Michael R Stedman Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in MN, IL, CO.
Michael R Stedman Foundation has distributed a total of $90K across 15 grants. The median grant size is $5K, with an average of $6K. Individual grants have ranged from $2K to $25K.
Michael R Stedman Foundation typically selects its grantees rather than accepting unsolicited proposals.
Michael R Stedman Foundation is headquartered in BLAINE, MN. While based in MN, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stephen Stedman | TRUSTEE | $0 | $0 | N/A |
Total Giving
$38K
Total Assets
$20K
Fair Market Value
$20K
Net Worth
$20K
Grants Paid
$38K
Contributions
$57K
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
15
Total Giving
$90K
Average Grant
$6K
Median Grant
$5K
Unique Recipients
9
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Achieve ServicesAchievementServices | Blaine, MN | $25K | 2022 |
| Benet Hill MonasteryReligious Study | Colorado Springs, CO | $5K | 2022 |
| AlightHumanitarian AidDisaster Relief | Minneapolis, MN | $5K | 2022 |
| Hospital Sisters Mission OutreachHaiti Relief | Springfield, IL | $5K | 2022 |
| Confidence Learning CenterBehavorial Study | East Gull Lake, MN | $5K | 2022 |
| Vitreo Retinal Surgery FoundationSchool | Minneapolis, MN | $5K | 2022 |
| Como Park ConservatoryPark & ZooUpkeep | St Paul, MN | $3K | 2022 |
| Pacer CenterParent TrainingDisabled Children | Minneapolis, MN | $2K | 2021 |
| Heifer InternationalHunger & Poverty | Little Rock, AR | $2K | 2021 |