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Patch Foundation is a private corporation based in MINNEAPOLIS, MN. The foundation received its IRS ruling in 1997. The principal officer is Earl A Patch Pres. It holds total assets of $3.8M. Annual income is reported at $982K. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Minnesota. According to available records, Patch Foundation has made 135 grants totaling $3.4M, with a median grant of $10K. Annual giving has grown from $1.2M in 2020 to $2.2M in 2022. Individual grants have ranged from $1K to $200K, with an average award of $25K. The foundation has supported 51 unique organizations. The foundation primarily supports organizations in Minnesota, Illinois, Massachusetts, which account for 93% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$9K
Average Grant
$25K
Largest Grant
$200K
Based on 44 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.
Patch Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 135 grants. Its grantmaking reaches organizations primarily in MN, IL, MA.
Patch Foundation has distributed a total of $3.4M across 135 grants. The median grant size is $10K, with an average of $25K. Individual grants have ranged from $1K to $200K.
In awarding grants, the foundation gives preference to minnesota charitable organizations. Medical foundations, education and the arts receive prime consideration. Grants are normally restricted to $1,000 or less. Applicants are usually notified within two months that their application has been approved or rejected, or that additional information is needed. Foundation does not provide application forms.
Patch Foundation is headquartered in MINNEAPOLIS, MN. While based in MN, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ronald K Draper | DIRECTOR | $0 | $0 | N/A |
| Carolyn Sample | PRESIDENT | $0 | $0 | N/A |
| Ernest Lindstrom-Lindstrom Law Offi | DIRECTOR | $0 | $0 | N/A |
Total Giving
$1.1M
Total Assets
$4.6M
Fair Market Value
$5M
Net Worth
$4.6M
Grants Paid
$1.1M
Contributions
$20K
Net Investment Income
$206K
Distribution Amount
$247K
Total: $3.5M
Total Grants
135
Total Giving
$3.4M
Average Grant
$25K
Median Grant
$10K
Unique Recipients
51
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Loaves And FishesRELIGIOUS | Minneapolis, MN | $25K | 2022 |
| Spartan Foundation IncEDUCATIONAL | Richfield, MN | $7K | 2022 |
| Evangelical Covenant ChurchRELIGIOUS | Chicago, IL | $200K | 2022 |
| Salem Covenant ChurchRELIGIOUS | New Brighton, MN | $150K | 2022 |
| Covenant World ReliefRELIGIOUS | Chicago, IL | $150K | 2022 |
| The Salvation ArmyRELIGIOUS | Roseville, MN | $100K | 2022 |
| University Of Minnesota FoundationEDUCATIONAL | Minneapolis, MN | $50K | 2022 |
| Second Harvest HeartlandPROGRAM SUPPORT | Brooklyn Park, MN | $50K | 2022 |
| Metro Hope MinistriesPROGRAM SUPPORT | Minneapolis, MN | $30K | 2022 |
| Feed My Starving ChildrenRELIGIOUS | Coon Rapids, MN | $30K | 2022 |
| People Serving PeoplePROGRAM SUPPORT | Minneapolis, MN | $25K | 2022 |
| Simpson Housing ServicesPROGRAM SUPPORT | Minneapolis, MN | $25K | 2022 |
| Minnesota Adult And Teen ChallengePROGRAM SUPPORT | Minneapolis, MN | $25K | 2022 |
| Agate Housing & ServicesPROGRAM SUPPORT | Minneapolis, MN | $20K | 2022 |
| Courage Kenny Rehabilitation InstituteHEALTH | Minneapolis, MN | $20K | 2022 |
| Habitat For HumanityPROGRAM SUPPORT | St Paul, MN | $15K | 2022 |
| Dunwoody College Of TechnologyEDUCATIONAL | Minneapolis, MN | $15K | 2022 |
| The Arc MinnesotaPROGRAM SUPPORT | St Paul, MN | $10K | 2022 |
| True FriendsPROGRAM SUPPORT | Annandale, MN | $10K | 2022 |
| Trinity First Lutheran SchoolEDUCATIONAL | Minneapolis, MN | $10K | 2022 |
| Homeward BoundHEALTH | Plymouth, MN | $10K | 2022 |
| Union Gospel MissionPROGRAM SUPPORT | St Paul, MN | $10K | 2022 |
| Science With A MissionPROGRAM SUPPORT | Sharon, MA | $10K | 2022 |
| Family Values For LifePROGRAM SUPPORT | St Paul, MN | $7K | 2022 |
| Sharing & Caring HandsPROGRAM SUPPORT | Minneapolis, MN | $7K | 2022 |
| Sunshine Acres Children'S HomePROGRAM SUPPORT | Mesa, AZ | $7K | 2022 |