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Synergy Charitable Foundation is a private corporation based in WAYZATA, MN. The foundation received its IRS ruling in 2021. The principal officer is Margaret A Cronin. It holds total assets of $20.2M. Annual income is reported at $748K. Total assets have grown from $14.4M in 2020 to $20.2M in 2024. The foundation is governed by 3 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 2024. The foundation primarily funds organizations in Minnesota and Maryland. According to available records, Synergy Charitable Foundation has made 16 grants totaling $3.9M, with a median grant of $50K. Annual giving has grown from $150K in 2021 to $1.2M in 2023. Grantmaking activity was highest in 2022 with $2.6M distributed across 6 grants. Individual grants have ranged from $13K to $1M, with an average award of $246K. The foundation has supported 12 unique organizations. The foundation primarily supports organizations in Minnesota, Pennsylvania, Illinois, which account for 94% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$13K
Median Grant
$14K
Average Grant
$19K
Largest Grant
$50K
Based on 8 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.
Synergy Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in MN, PA, IL.
Synergy Charitable Foundation has distributed a total of $3.9M across 16 grants. The median grant size is $50K, with an average of $246K. Individual grants have ranged from $13K to $1M.
Synergy Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Synergy Charitable Foundation is headquartered in WAYZATA, MN. While based in MN, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Paul J Dinzeo | DIRECTOR/SECRETARY | $0 | $0 | N/A |
| Tim Baer | DIRECTOR/TREASURER | $0 | $0 | N/A |
| Peter F Pierce Jr | PRESIDENT | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$20.2M
Fair Market Value
N/A
Net Worth
$20.2M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
16
Total Giving
$3.9M
Average Grant
$246K
Median Grant
$50K
Unique Recipients
12
Most Common Grant
$13K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Sharing CaringGENERAL OPERATING FUND | Minneapolis, MN | $13K | 2021 |
| Minneapolis FoundationGENERAL OPERATING FUND | Minneapolis, MN | $1M | 2023 |
| Ubs Optimum Foundation FundGENERAL OPERATING FUND | Jenkintown, PA | $167K | 2023 |
| Ubs Optimus Foundation FundGENERAL OPERATING FUND | Jenkintown, PA | $333K | 2022 |
| One World SurgeryGENERAL OPERATING FUND | Deerfield, IL | $50K | 2022 |
| Make A WishGENERAL OPERATING FUND | St Paul, MN | $50K | 2021 |
| Merrick Community ServicesGENERAL OPERATING FUND | St Paul, MN | $20K | 2021 |
| Partners 4 HopeGENERAL OPERATING FUND | Stillwater, MN | $15K | 2021 |
| Canvas HealthGENERAL OPERATING FUND | Bloomington, MN | $15K | 2021 |
| Christo Rey Jesuit High SchoolGENERAL OPERATING FUND | Minneapolis, MN | $13K | 2021 |
| Ignation Lay VolunteersGENERAL OPERATING FUND | Baltimore, MD | $13K | 2021 |
| Jesuit Retreat HouseGENERAL OPERATING FUND | Lake Elmo, MN | $13K | 2021 |