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Mlrc Foundation is a private corporation based in LITCHFIELD, MN. The foundation received its IRS ruling in 2013. The principal officer is % Scott Schwab. It holds total assets of $1.2M. Annual income is reported at $840K. The foundation operates in the area of health. According to available records, Mlrc Foundation has made 4 grants totaling $1.3M, with a median grant of $400K. Annual giving has decreased from $340K in 2021 to $50K in 2023. Grantmaking activity was highest in 2022 with $920K distributed across 2 grants. Individual grants have ranged from $50K to $460K, with an average award of $328K. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
Mlrc Foundation primarily funds organizations in the area of health. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in MN.
Mlrc Foundation has distributed a total of $1.3M across 4 grants. The median grant size is $400K, with an average of $328K. Individual grants have ranged from $50K to $460K.
Mlrc Foundation typically selects its grantees rather than accepting unsolicited proposals.
Mlrc Foundation is headquartered in LITCHFIELD, MN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael Happ | CFO | $0 | $0 | $0 |
| Dan Tveite | BOARD MEMBER | $0 | $0 | $0 |
| John Kostouros | BOARD MEMBER | $0 | $0 | $0 |
| Bill Gullicksen | PRESIDENT | $0 | $0 | $0 |
| Scott Schwab | BOARD MEMBER | $0 | $0 | $0 |
Total Giving
$84K
Total Assets
$1.4M
Fair Market Value
$1.6M
Net Worth
$1.4M
Grants Paid
$50K
Contributions
$0
Net Investment Income
$100K
Distribution Amount
$73K
Total: $1.4M
Total Grants
4
Total Giving
$1.3M
Average Grant
$328K
Median Grant
$400K
Unique Recipients
1
Most Common Grant
$460K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Maple Lake Recovery Center IncEDUCATION ON ADOLESCENT SUBSTANCE ABUSE | Maple Lake, MN | $50K | 2023 |
| Butch Donahue |
| BOARD MEMBER |
| $0 |
| $0 |
| $0 |
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