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Microcredit Foundation Inc. is a private corporation based in MINNETONKA, MN. The foundation received its IRS ruling in 2004. The principal officer is Tax Department. It holds total assets of $312K. Annual income is reported at $16K. The foundation is governed by 3 officers and trustees. The foundation operates in the area of international. Tax records are available from 2022 to 2024. According to available records, Microcredit Foundation Inc. has made 1 grants totaling $14K, with a median grant of $14K. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
No specific application information is available for this foundation. Check the 990-PF filings below for application guidelines, or visit the foundation's website if listed above.
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.
Microcredit Foundation Inc. primarily funds organizations in the area of international. Based on available records, the foundation has funded 1 grants. Its grantmaking reaches organizations primarily in MN.
Microcredit Foundation Inc. has distributed a total of $14K across 1 grants. The median grant size is $14K, with an average of $14K. Individual grants have ranged from $14K to $14K.
Microcredit Foundation Inc. is a private foundation. To inquire about grants, you can look up the foundation using their EIN (753146348) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Microcredit Foundation Inc. is headquartered in MINNETONKA, MN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael G Rauenhorst | V PRESIDENT/SECRETARY | $0 | $0 | N/A |
| Asad Mahmood | DIRECTOR | $0 | $0 | N/A |
| Stephen J Mccarthy | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$312K
Fair Market Value
N/A
Net Worth
$131K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
1
Total Giving
$14K
Average Grant
$14K
Median Grant
$14K
Unique Recipients
1
Most Common Grant
$14K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Catholic Community FoundationMGR FUND #40732A | Saint Paul, MN | $14K | 2023 |