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Also known as: C/O LAKE ELMO BANK TRUST DEPT
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Tozer Foundation Inc. is a private corporation based in LAKE ELMO, MN. The foundation received its IRS ruling in 1947. The principal officer is Lake Elmo Bank. It holds total assets of $23M. Annual income is reported at $10.8M. The foundation is governed by 8 officers and trustees. Award scholarships to worthy and needy students in specific Minnesota counties for post-secondary education. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Kanabec County, Minnesota, Pine County, Minnesota and Washington County, Minnesota. According to available records, Tozer Foundation Inc. has made 11 grants totaling $4.4M, with a median grant of $250. Annual giving has grown from $965K in 2020 to $1.3M in 2023. Grantmaking activity was highest in 2022 with $2.1M distributed across 6 grants. Individual grants have ranged from $100 to $1.1M, with an average award of $404K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
Renewable scholarship available for up to four years of post-secondary education at accredited US colleges and universities.
Award scholarships to worthy and needy students in specific Minnesota counties for post-secondary education. Based on available records, the foundation has funded 11 grants. Its grantmaking reaches organizations primarily in MN.
Tozer Foundation Inc. has distributed a total of $4.4M across 11 grants. The median grant size is $250, with an average of $404K. Individual grants have ranged from $100 to $1.1M.
The application deadline is 2026-02-17. See details on limitations and guidelines at tozerfoundation.com. An application form is available on the foundation's website.
Tozer Foundation Inc. is headquartered in LAKE ELMO, MN. The foundation primarily funds organizations in Kanabec County, Minnesota, Pine County, Minnesota, Washington County, Minnesota.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Tracey Galowitz | DIRECTOR | $4K | $0 | $4K |
| David Wettergren | DIRECTOR | $0 | $0 | N/A |
| Alan Bernick | PRESIDENT | $0 | $0 | N/A |
| Elizabeth A Raleigh | SECRETARY AND TREASURER | $0 | $0 | N/A |
| Gretchen M Stein | DIRECTOR | $0 | $0 | N/A |
| Jeanne Walz | DIRECTOR | $0 | $0 | N/A |
| Scott Mercer | DIRECTOR | $0 | $0 | N/A |
| Douglas N Smith | DIRECTOR | $0 | $0 | N/A |
Total Giving
$1.6M
Total Assets
$22.2M
Fair Market Value
$23.3M
Net Worth
$22.2M
Grants Paid
$1.3M
Contributions
N/A
Net Investment Income
$707K
Distribution Amount
$1.2M
Total: $21.3M
Total Grants
11
Total Giving
$4.4M
Average Grant
$404K
Median Grant
$250
Unique Recipients
4
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| KaleidoscopeSCHOLARSHIPS | Minneapolis, MN | $902K | 2023 |
| Scholarship AmericaSCHOLARSHIPS | St Peter, MN | $434K | 2023 |
| Foundation For Bayport Public LibraryGENERAL SUPPORT | Bayport, MN | $100 | 2023 |
| Lakeview HospiceGENERAL SUPPORT | Stillwater, MN | $250 | 2022 |