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Raft Charitable Foundation is a private trust based in SIOUX FALLS, SD. The foundation received its IRS ruling in 2009. The principal officer is Dorsey & Whitney Trust Company Ll. It holds total assets of $22.6M. Annual income is reported at $4.9M. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Minnesota and Wisconsin. According to available records, Raft Charitable Foundation has made 115 grants totaling $6M, with a median grant of $30K. Annual giving has grown from $1.4M in 2020 to $3.2M in 2022. Individual grants have ranged from $10K to $260K, with an average award of $52K. The foundation has supported 35 unique organizations. The foundation primarily supports organizations in Minnesota, District of Columbia, Wisconsin, which account for 97% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$15K
Median Grant
$30K
Average Grant
$51K
Largest Grant
$260K
Based on 28 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.
Raft Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 115 grants. Its grantmaking reaches organizations primarily in MN, DC, WI.
Raft Charitable Foundation has distributed a total of $6M across 115 grants. The median grant size is $30K, with an average of $52K. Individual grants have ranged from $10K to $260K.
Raft Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Raft Charitable Foundation is headquartered in SIOUX FALLS, SD. While based in SD, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Dorsey Whitney Trust Company Llc | TRUSTEE | $162K | $0 | $162K |
| Faye L Youngren | TRUSTEE | $0 | $0 | N/A |
Total Giving
$1.7M
Total Assets
$21.3M
Fair Market Value
$34.3M
Net Worth
$21.3M
Grants Paid
$1.6M
Contributions
N/A
Net Investment Income
$1.3M
Distribution Amount
$1.6M
Total: $9.5M
Total Grants
115
Total Giving
$6M
Average Grant
$52K
Median Grant
$30K
Unique Recipients
35
Most Common Grant
$30K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hamline University Of Minnesota100,000 UNRESTRICTED; | St Paul, MN | $260K | 2022 |
| Minnesota Teen Challenge Inc100,000 GENERAL FUND; | Minneapolis, MN | $230K | 2022 |
| American Red CrossDISASTER RELIEF AND GENERAL | Washington, DC | $140K | 2022 |
| The Salvation ArmyGENERAL OPERATING | Roseville, MN | $130K | 2022 |
| Many Rivers MontessoriGENERAL OPERATING | Duluth, MN | $100K | 2022 |
| United Fund Of Cumberland IncGENERAL OPERATING | Cumberland, WI | $50K | 2022 |
| Minnesota Public RadioGENERAL OPERATING | St Paul, MN | $50K | 2022 |
| Minnesota Historical SocietyGENERAL OPERATING | St Paul, MN | $50K | 2022 |
| Science Museum Of MinnesotaGENERAL OPERATING | St Paul, MN | $50K | 2022 |
| First United Methodist Church Of DuluthGENERAL OPERATING, | Duluth, MN | $45K | 2022 |
| Washington County Library PartnersGENERAL OPERATING | St Paul, MN | $30K | 2022 |
| Friends Of The St Paul Public LibraryGENERAL OPERATING | St Paul, MN | $30K | 2022 |
| Friends Of The Ramsey County LibrariesGENERAL OPERATING | Shoreview, MN | $30K | 2022 |
| Allina Health FoundationGENERAL OPERATING FUND | Minneapolis, MN | $30K | 2022 |
| University Of Minnesota FoundationUMD GLENSHEEN CONSERVATION | Minneapolis, MN | $30K | 2022 |
| Duluth Library FoundationGENERAL OPERATING | Duluth, MN | $30K | 2022 |
| Friends Of The Hennepin County LibraryGENERAL OPERATING | Minneapolis, MN | $30K | 2022 |
| Twin Cities Public Television IncGENERAL OPERATING | St Paul, MN | $30K | 2022 |
| Children'S Shelter Of CebuGENERAL OPERATING | Shoreview, MN | $30K | 2022 |
| Kinship Of CumberlandGENERAL OPERATING | Cumberland, WI | $20K | 2022 |
| Textile Center Of MinnesotaGENERAL OPERATING | Minneapolis, MN | $20K | 2022 |
| American Swedish InstituteGENERAL OPERATING | Minneapolis, MN | $20K | 2022 |
| Churches United In MinistryGENERAL OPERATING FUND | Duluth, MN | $20K | 2022 |
| Parable FundGENERAL OPERATING | Minneapolis, MN | $20K | 2022 |
| Western Lake Superior Habitat ForGENERAL OPERATING FUND | Duluth, MN | $20K | 2022 |
| Ymca Of The Greater Twin CitiesYMCA KIDS TO CAMP FUND | Minneapolis, MN | $20K | 2022 |
| Cumberland Tsap Library FoundationGENERAL OPERATING | Cumberland, WI | $20K | 2022 |
SIOUX FALLS, SD
RAPID CITY, SD
SIOUX FALLS, SD