Magnifi Financial Foundation
Accepts applications
Magnifi Financial Foundation is a private foundation in Melrose, Minnesota. In tax year 2024 it gave $30,000 in 5 grants; the typical grant was $5,000 and the largest $10,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$30,000
- Number of grants5
- Typical grant$5,000
- Largest grant$10,000
- Assets$797,427
- New grantees100%
Giving in 2024 was up from $27,000 the year before.
100% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $27,000 | 3 | $680,413 |
| 2024 | $30,000 | 5 | $797,427 |
How to apply
| Contact | Magnifi Financial Foundation 20 4th Ave SE, Melrose, MN 56352 |
|---|---|
| Phone or email | (320) 256-3669 |
| Restrictions | Awards are granted within magnifi membership geography |
What Magnifi Financial Foundation funds
Where it gives
Its grants went to recipients in 2 states, the most to Minnesota.
| State | Grants | Amount |
|---|---|---|
| Minnesota | 4 | $20,000 |
| North Dakota | 1 | $10,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Fargo Park District Foundation | Donation to support the devlopment of a community center. | $10,000 |
| Three Rivers Park | Donation to support the devlopment of a new park. | $10,000 |
| City of Wadena | Donation to support the construction of 3 additional weather sirens for the city of wadena. | $5,000 |
| The Melrose Area Community Youth Ce | General donation to provide food, activities, games, & tutors for kids. | $2,500 |
| City of Albany | Donation to cover expenses such as specialized training, kennels, food, & veterinarian costs for a school therapy dog. | $2,500 |
Officers and trustees
- Charles B Friederichs
- Corey Sand
- Janelle Borgmann
- Gary Meyer
- Nancy L Roske
Questions people ask
Does Magnifi Financial Foundation accept grant applications?
Yes. Its latest IRS filing says it accepts applications.
How much does Magnifi Financial Foundation give?
$30,000 in tax year 2024, across 5 grants, with a typical grant of $5,000.
Who runs Magnifi Financial Foundation?
Its 2024 filing lists Charles B Friederichs (President), Corey Sand (Director), Janelle Borgmann (Treasurer) and Gary Meyer (Secretary) among 5 officers and trustees.
What does Magnifi Financial Foundation fund?
Based on its grants, mainly environment and conservation, education and food and hunger.