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Rum Fund is a private corporation based in WAYZATA, MN. The foundation received its IRS ruling in 1999. The principal officer is Michael Blum. It holds total assets of $2.9M. Annual income is reported at $590K. 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 2020 to 2023. Grantmaking is concentrated in Minnesota. According to available records, Rum Fund has made 174 grants totaling $2M, with a median grant of $1K. The foundation has distributed between $407K and $1.1M annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $1.1M distributed across 94 grants. Individual grants have ranged from N/A to $101K, with an average award of $12K. The foundation has supported 73 unique organizations. The foundation primarily supports organizations in Minnesota, New York, Illinois, which account for 76% of all grants. Grantmaking reaches organizations across 13 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$1K
Average Grant
$15K
Largest Grant
$175K
Based on 47 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.
Rum Fund primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 174 grants. Its grantmaking reaches organizations primarily in MN, NY, IL.
Rum Fund has distributed a total of $2M across 174 grants. The median grant size is $1K, with an average of $12K. Individual grants have ranged from N/A to $101K.
Rum Fund typically selects its grantees rather than accepting unsolicited proposals.
Rum Fund is headquartered in WAYZATA, MN. While based in MN, the foundation distributes grants to organizations across 13 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Abigail Rose | President | $0 | $0 | N/A |
| Michael Blum | Vice President | $0 | $0 | N/A |
Total Giving
$438K
Total Assets
$3M
Fair Market Value
$4.8M
Net Worth
$3M
Grants Paid
$407K
Contributions
N/A
Net Investment Income
$281K
Distribution Amount
$226K
Total: $2.8M
Total Grants
174
Total Giving
$2M
Average Grant
$12K
Median Grant
$1K
Unique Recipients
73
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Temple IsraelCapital campaign and Bridge to the Future | Minneapolis, MN | $41K | 2023 |
| University Of Mn FoundationGeneral operations | Minneapolis, MN | $100K | 2023 |
| Sholom FoundationGeneral operations | Minneapolis, MN | $68K | 2023 |
| Planned Parenthood Of AmericaGeneral operations | New York, NY | $50K | 2023 |
| Minneapolis Jewish FederationGeneral operations | Minnetonka, MN | $42K | 2023 |
| Greater Twin Cities United WayGeneral operations | Minneapolis, MN | $25K | 2023 |
| Children'S Theatre CompanyGeneral operations | Minneapolis, MN | $13K | 2023 |
| Minnesota OrchestraGeneral operations | Minneapolis, MN | $10K | 2023 |
| Washington UniversityGeneral operations | St Louise, MO | $10K | 2023 |
| Project LymeGeneral operations | New York, NY | $10K | 2023 |
| Minnesota HillelGeneral operations | Minneapolis, MN | $5K | 2023 |
| Trustees Of The University Of PennsylvaniaGeneral operations | Philadelphia, PA | $3K | 2023 |
| The Blake SchoolCapital campaign, annual fund and Science Wing | Hopkins, MN | $3K | 2023 |
| International Center Of PhotographyGeneral operations | New York, NY | $3K | 2023 |
| Guthrie TheaterGeneral operations | Minneapolis, MN | $3K | 2023 |
| Minneapolis Institute Of ArtsGeneral operations | Minneapolis, MN | $3K | 2023 |
| Petersen Automotive Museum FoundationGeneral operations | Los Angeles, CA | $2K | 2023 |
| Herzl Camp FoundationGeneral operations | Minneapolis, MN | $2K | 2023 |
| Jewish Community Relations CouncilGeneral operations | Minneapolis, MN | $2K | 2023 |
| Jewish Family And Children'S ServicesGeneral operations | Minnetonka, MN | $2K | 2023 |
| Minnesota Zoo FoundationGeneral operations | Apple Valley, MN | $1K | 2023 |
| Six Points TheatreGeneral operations | St Paul, MN | $1K | 2023 |
| Southern Poverty Law CenterGeneral operations | Montgomery, AL | $1K | 2023 |
| 180 Degrees IncGeneral operations | Minneapolis, MN | $1K | 2023 |
| The Living Desert Zoo And GardensGeneral operations | Palm Desert, CA | $1K | 2023 |
| Oratorio Society Of MinnesotaGeneral operations | St Paul, MN | $1K | 2023 |
| Michael J Fox Foundation For Parkinson'S ResearchGeneral operations | New York, NY | $1K | 2023 |
| Mission Animal HospitalGeneral operations | Eden Prairie, MN | $1K | 2023 |
| Frank Lloyd Wright Building ConservancyGeneral operations | Chicago, IL | $611 | 2023 |
| Jewish National FundGeneral operations | New York, NY | $600 | 2023 |
| Lets Win Pancreatic Cancer FoundationGeneral operations | New York, NY | $500 | 2023 |
| Lake Minnetonka AssociationGeneral operations | Excelsior, MN | $500 | 2023 |
| Hebrew Union College - Jewish Institute Of Religion (Huc-Jir)General operations | Cincinnati, OH | $500 | 2023 |
| Naral Pro-Choice MinnesotaGeneral operations | St Paul, MN | $500 | 2023 |
| Pancreatic Cancer Action NetworkGeneral operations | Manhattan Beach, CA | $500 | 2023 |
| Frank Lloyd Wright FoundationGeneral operations | Scottsdale, AZ | $500 | 2023 |
| Minnesota Landscape Arboretum FoundationGeneral operations | Chaska, MN | $500 | 2023 |
| Pan-Mass ChallengeGeneral operations | Needham, MA | $250 | 2023 |
| Minnetonka Center For The ArtsGeneral operations | Wayzata, MN | $250 | 2023 |
| Center For Science And Public InterestGeneral operations | Washington, DC | N/A | 2023 |
| American Red CrossGeneral operations | Minneapolis, MN | N/A | 2023 |