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EIN 41-6023537

The Graco Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Minneapolis
State
Minnesota
Year formed
1958
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The Graco Foundation is a private foundation located in Minneapolis, MN that primarily funds gift matching, dollars for doers, general operating support, and scholarships. Its purpose focuses on grant recoveries and it has made 532 grants last year to various grantees, including Minnesota Independence College.
Total revenues
$6,357
2023
Total expenses
$1,820,999
2023
Total assets
$24,746,486
2023
Num. employees
0
2023

Program areas at The Graco Foundation

Grant recoveries

Grants made by The Graco Foundation

GranteeGrant descriptionAmount
Minnesota Independence College and Community (MLC)General Operating Support$250,000
East Side Neighborhood ServicesGeneral Operating Support$150,000
Twin Cities RSE (TCR)General Operating Support$95,000
...and 418 more grants made totalling $979,657

Personnel at The Graco Foundation

NameTitleCompensation
Archie C. BlackChief Executive Officer
Kevin J. WheelerPresident and Chief Executive Officer
David M. LoweChief Financial Officer and Treasurer$0
Kathryn L. SchoenrockExecutive Vice President and Chief Information Officer
Ronita BanerjeeExecutive Vice President and Chief Human Resources Officer$0
...and 6 more key personnel

Financials for The Graco Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$314,133
Net rental income$0
Net gain from sale of non-inventory assets$-310,063
Gross sales of inventory$0
Miscellaneous revenues$2,287
Total revenues$6,357

Form 990s for The Graco Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-13990PFView PDF
2022-122023-05-15990PFView PDF
2021-122022-10-26990PFView PDF
2020-122021-09-30990PFView PDF
2019-122020-12-10990PFView PDF
...and 7 more Form 990s
Data update history
October 16, 2024
Updated personnel
Identified 8 new personnel
August 12, 2024
Posted financials
Added Form 990PF for fiscal year 2023
August 3, 2024
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 13, 2023
Posted financials
Added Form 990PF for fiscal year 2020
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Education
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
PO Box 1441
Minneapolis, MN 55440
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
graco.com/us/en.html 
Phone
(612) 623-6729
IRS details
EIN
41-6023537
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1958
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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