EIN 41-6023537

The Graco Foundation

Name: The Graco Foundation financials for 2024
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Grantmaking|Financials|Peers

IRS 501(c) type

501(c)(3)

Num. employees

City

Minneapolis

State

Minnesota

Year formed

1958

Most recent tax filings

2024-12-01

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

$877,515

2024

Total expenses

$1,670,751

2024

Total assets

$23,953,250

2024

Num. employees

2024

Program areas at The Graco Foundation

Grant recoveries

Grants made by The Graco Foundation

Grantee	Grant description	Grant year	Amount
Summit Academy Oic (SAOIC)	General Operating Support	2024-12	$200,000
Avenues for Youth	General Operating Support	2024-12	$150,000
Minnesota Diversified Industries (MDI)	General Operating Support	2024-12	$150,000
...and 15 more grants made

Financials for The Graco Foundation

Revenues	FYE 12/2024	FYE 12/2023	% Change
Total grants, contributions, etc.	$0	$0	-
Investment income and dividends	$592,267	$314,133	88.5%
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$284,628	$-310,063	191.8%
Gross sales of inventory	$0	$0	-
Miscellaneous revenues	$620	$2,287	-72.9%
Total revenues	$877,515	$6,357	13703.9%

Organizations like The Graco Foundation

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Harry L and Eva J Puksta Foundation	501(c)(3)	Denver, CO	$630,848
Elizabeth Raymond Ambler Trust	501(c)(3)	Wilton, CT	$327,972
The Rogers Foundation	501(c)(3)	Las Vegas, NV	$1,932,442
Memorial Foundation for the Blind	501(c)(3)	Worcester, MA	$495,178
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Arkansas State University Alumni Association	501(c)(3)	State University, AR	$356,361
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Data update history

July 8, 2025

Posted financials

Added Form 990PF for fiscal year 2024

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

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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The Graco Foundation

Program areas at The Graco Foundation

Grants made by The Graco Foundation

Financials for The Graco Foundation

Organizations like The Graco Foundation

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