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Mildred E Swanson Foundation is a private corporation based in PENNINGTON, NJ. The foundation received its IRS ruling in 2004. The principal officer is Merrill Lynch Trust Company. It holds total assets of $3.5M. Annual income is reported at $2.7M. Total assets have grown from $2.4M in 2011 to $3.5M 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 2018 to 2023. Funding is distributed across 5 states, including Michigan, Ohio, Indiana. According to available records, Mildred E Swanson Foundation has made 33 grants totaling $614K, with a median grant of $20K. The foundation has distributed between $140K and $308K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $308K distributed across 18 grants. Individual grants have ranged from $2K to $53K, with an average award of $19K. The foundation has supported 14 unique organizations. The foundation primarily supports organizations in Michigan, New York, Illinois, which account for 70% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$15K
Average Grant
$19K
Largest Grant
$51K
Based on 8 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.
Mildred E Swanson Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 33 grants. Its grantmaking reaches organizations primarily in MI, NY, IL.
Mildred E Swanson Foundation has distributed a total of $614K across 33 grants. The median grant size is $20K, with an average of $19K. Individual grants have ranged from $2K to $53K.
Mildred E Swanson Foundation typically selects its grantees rather than accepting unsolicited proposals.
Mildred E Swanson Foundation is headquartered in PENNINGTON, NJ. While based in NJ, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America N A | TRUSTEE | $46K | $0 | $46K |
| Richard Northrup Iii | ADVISOR | $2K | $0 | $2K |
| Michael Gisecke | ADVISOR | $2K | $0 | $2K |
| Erika Jackson | ADVISOR | $2K | $0 | $2K |
Total Giving
$199K
Total Assets
$3.5M
Fair Market Value
$3.8M
Net Worth
$3.5M
Grants Paid
$140K
Contributions
N/A
Net Investment Income
$177K
Distribution Amount
$177K
Total: $2.8M
Total Grants
33
Total Giving
$614K
Average Grant
$19K
Median Grant
$20K
Unique Recipients
14
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Eastern Michigan University FoundationGENERAL OPERATING | Ypsilanti, MI | $45K | 2023 |
| Mid Michigan College FoundationGENERAL OPERATING | Harrison, MI | $25K | 2023 |
| Michael J Fox Foundation For ParkinsonsGENERAL OPERATING | New York, NY | $20K | 2023 |
| Regents Of The University Of MichiganGENERAL OPERATING | Ann Arbor, MI | $20K | 2023 |
| American Heart Association IncGENERAL OPERATING | Dallas, TX | $20K | 2023 |
| Childrens Healing Centers Of AmericaGENERAL OPERATING | Grand Rapids, MI | $10K | 2023 |
| Michigan State University FoundationGENERAL OPERATING | East Lansing, MI | $29K | 2022 |
| University Of ChicagoGENERAL OPERATING | Chicago, IL | $25K | 2022 |
| Depauw UniversityGENERAL OPERATING | Greencastle, IN | $2K | 2022 |
| College Of WoosterGENERAL OPERATING | Wooster, OH | $2K | 2022 |
| Western Michigan UniversityGENERAL OPERATING | Kalamazoo, MI | $2K | 2022 |
| Denison UniversityGENERAL OPERATING | Granville, OH | $2K | 2022 |
| University Of MichiganGENERAL OPERATING | Ann Arbor, MI | $53K | 2021 |
| Michigan State UniversityGENERAL OPERATING | Marquette, MI | $31K | 2021 |