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Rbc Foundation Usa is a private corporation based in MINNEAPOLIS, MN. The foundation received its IRS ruling in 1963. The principal officer is % Martha Baumbach. It holds total assets of $112K. Annual income is reported at $11.5M. According to available records, Rbc Foundation Usa has made 38 grants totaling $34.5M, with a median grant of $276K. Annual giving has grown from $5.7M in 2020 to $10.2M in 2023. Grantmaking activity was highest in 2022 with $14.1M distributed across 14 grants. Individual grants have ranged from $30K to $7.7M, with an average award of $908K. The foundation has supported 9 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
Rbc Foundation Usa is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 38 grants. Its grantmaking reaches organizations primarily in MN.
Rbc Foundation Usa has distributed a total of $34.5M across 38 grants. The median grant size is $276K, with an average of $908K. Individual grants have ranged from $30K to $7.7M.
The application deadline is January 30 and June 30. Information can be found at https://www.rbcwealthmanagement.com/us/en/community-events/foundation- grants/giving-guidelines. An application form is available on the foundation's website.
Rbc Foundation Usa is headquartered in MINNEAPOLIS, MN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Tom Sagissor | Advisory Board | $0 | $0 | $0 |
| Madeline Johnson | Advisory Board | $0 | $0 | $0 |
| Shareen Luze | Advisory Board | $0 | $0 | $0 |
| Darryl Traweek | Advisory Board | $0 | $0 | $0 |
| Pat Vaughan | Advisory Board | $0 | $0 | $0 |
Total Giving
$10.2M
Total Assets
$782K
Fair Market Value
$782K
Net Worth
$1
Grants Paid
$10.2M
Contributions
$10.3M
Net Investment Income
$0
Distribution Amount
$83K
Total Grants
38
Total Giving
$34.5M
Average Grant
$908K
Median Grant
$276K
Unique Recipients
9
Most Common Grant
$700K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Other DistributionsGeneral | Minneapolis, MN | $7.7M | 2023 |
| Divisional ProgramGeneral | Minneapolis, MN | $975K | 2023 |
| Twin Cities Grant ProgramGeneral | Minneapolis, MN | $700K | 2023 |
| Corporatecapital GrantsGeneral | Minneapolis, MN | $242K | 2023 |
| Discretionary FundsGeneral | Minneapolis, MN | $214K | 2023 |
PITTSBURGH, PA
HIALEAH, FL
WILMINGTON, DE
LOS ANGELES, CA
| Cara Mcadaragh |
| Advisory Board |
| $0 |
| $0 |
| $0 |
| Julie Allen | Senior Manager | $0 | $0 | $0 |
| Christi Lutgen | Advisory Board | $0 | $0 | $0 |
| Anya Norris | Advisory Board | $0 | $0 | $0 |
| Erin Murphy | Advisory Board | $0 | $0 | $0 |
| Wally Chapman | Advisory Board | $0 | $0 | $0 |
| Janet Becker | Advisory Board | $0 | $0 | $0 |
| James Carlisle | Advisory Board | $0 | $0 | $0 |
| Laurie Mount | Advisory Board | $0 | $0 | $0 |
| Martha Baumbach | President | $0 | $0 | $0 |
| Employee Gift MatchingGeneral |
| Minneapolis, MN |
| $201K |
| 2023 |
| Environmentjoint FundGeneral | Minneapolis, MN | $171K | 2023 |
| United Way Branch MatchingGeneral | Minneapolis, MN | $30K | 2023 |
| Employeeexecutive Gift-Matching ProgramGeneral | Minneapolis, MN | $302K | 2021 |
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