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Torgerson Family Foundation is a private corporation based in WAYZATA, MN. The foundation received its IRS ruling in 2013. The principal officer is % Rima F Torgerson. It holds total assets of $9M. Annual income is reported at $3.9M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Torgerson Family Foundation has made 57 grants totaling $3.5M, with a median grant of $30K. Annual giving has grown from $805K in 2020 to $1M in 2023. Grantmaking activity was highest in 2022 with $1.6M distributed across 24 grants. Individual grants have ranged from $500 to $265K, with an average award of $61K. The foundation has supported 19 unique organizations. Grants have been distributed to organizations in Minnesota and Iowa and Montana. Contributions to this foundation are tax-deductible.
Torgerson Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 57 grants. Its grantmaking reaches organizations primarily in MN, IA, MT.
Torgerson Family Foundation has distributed a total of $3.5M across 57 grants. The median grant size is $30K, with an average of $61K. Individual grants have ranged from $500 to $265K.
Torgerson Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Torgerson Family Foundation is headquartered in WAYZATA, MN. While based in MN, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Timothy G Gelinske | DIRECTOR | $15K | $0 | $15K |
| Rima F Torgerson | DIRECTOR | $0 | $0 | $0 |
| Erik M Torgerson | DIRECTOR | $0 | $0 | $0 |
Total Giving
$1.1M
Total Assets
$9.1M
Fair Market Value
$11.3M
Net Worth
$9.1M
Grants Paid
$1M
Contributions
$8K
Net Investment Income
$2M
Distribution Amount
$508K
Total: $0
Total Grants
57
Total Giving
$3.5M
Average Grant
$61K
Median Grant
$30K
Unique Recipients
19
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Norway HouseGENERAL OPERATING SUPPORT | Minneapolis, MN | $265K | 2023 |
| University Of Mn FoundationGENERAL OPERATING SUPPORT | Minneapolis, MN | $200K | 2023 |
| Interfaith Outreach & Community PartnersGENERAL OPERATING SUPPORT | Plymouth, MN | $154K | 2023 |
| University Of Iowa FoundationGENERAL OPERATING SUPPORT | Iowa City, IA | $100K | 2023 |
| Cristo Rey Jesuit High SchoolGENERAL OPERATING SUPPORT | Minneapolis, MN |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
| $100K |
| 2023 |
| Northside Achievements ZoneGENERAL OPERATING SUPPORT | Minneapolis, MN | $58K | 2023 |
| Wayzata Community ChurchGENERAL OPERATING SUPPORT | Wayzata, MN | $30K | 2023 |
| Beacon Interfaith HousingGENERAL OPERATING SUPPORT | St Paul, MN | $30K | 2023 |
| Heros And HorsesGENERAL OPERATING SUPPORT | Manhattan, MT | $25K | 2023 |
| Boulder OptionsGENERAL OPERATING SUPPORT | Minneapolis, MN | $25K | 2023 |
| Park Nicollet FoundationGENERAL OPERATING SUPPORT | Saint Louis Park, MN | $5K | 2023 |
| National Multiple Sclerosis SocietyGENERAL OPERATING SUPPORT | Minneapolis, MN | $5K | 2023 |
| Rakhma Peace HomeGENERAL OPERATING SUPPORT | Minneapolis, MN | $5K | 2023 |
| Salvation Army Northern DivisionGENERAL OPERATING SUPPORT | Roseville, MN | $5K | 2023 |
| Rebuilding Together Twin CitiesGENERAL OPERATING SUPPORT | Minneapolis, MN | $1K | 2023 |
| Crohn'S & Colitis FoundationGENERAL OPERATING SUPPORT | Roseville, MN | $1K | 2023 |
| Pease Community FoundationGENERAL OPERATING SUPPORT | Minneapolis, MN | $500 | 2023 |
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