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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. Total assets have decreased from $1.9M in 2020 to $1.4M in 2023. The foundation is governed by 6 officers and trustees. The foundation operates in the area of health. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. 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.
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.
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 | N/A |
| Dan Tveite | BOARD MEMBER | $0 | $0 | N/A |
| John Kostouros | BOARD MEMBER | $0 | $0 | N/A |
| Bill Gullicksen | PRESIDENT | $0 | $0 | N/A |
| Scott Schwab | BOARD MEMBER | $0 | $0 | N/A |
| Butch Donahue | BOARD MEMBER | $0 | $0 | N/A |
Total Giving
$84K
Total Assets
$1.4M
Fair Market Value
$1.6M
Net Worth
$1.4M
Grants Paid
$50K
Contributions
N/A
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 |