RBC Foundation - USA
Accepts applications
RBC Foundation - USA is a private foundation in Minneapolis, Minnesota. In tax year 2023 it gave $12.2 million in 8 grants; the typical grant was $430,925 and the largest $9.2 million. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2023.
- Grants paid, 2023$12.2 million
- Number of grants8
- Typical grant$430,925
- Largest grant$9.2 million
- Assets$112,004
- New grantees0%
Giving in 2023 was up from $10.2 million the year before.
0% of its 2023 grantees had not received a grant from it the year before, so most of its money goes to organizations it already funds.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2022 | $10.2 million | 8 | $781,671 |
| 2023 | $12.2 million | 8 | $112,004 |
How to apply
| Contact | Martha Baumbach 250 Nicollet Mall Suite 1900, Minneapolis, MN 55401 |
|---|---|
| Phone or email | (612) 219-7795, martha.baumbach@rbc.com |
| What to submit, restrictions | Information can be found at https://www.rbcwealthmanagement.com/us/en/community-events/foundation- grants/giving-guidelines |
| Deadlines | January 30 and June 30 |
Foundation website IRS filings on ProPublica
Where it gives
All of its grants went to recipients in Minnesota.
| State | Grants | Amount |
|---|---|---|
| Minnesota | 8 | $12.2 million |
Grants paid in 2023
| Recipient | Purpose | Amount |
|---|---|---|
| Other Distributions | General | $9.2 million |
| Divisional Program | General | $975,000 |
| Twin Cities Grant Program | General | $700,000 |
| Employee Gift Matching | General | $595,850 |
| CorporateCapital Grants | General | $266,000 |
| Discretionary Funds | General | $210,233 |
| EnvironmentJoint Fund | General | $174,167 |
| United Way Branch Matching | General | $28,725 |
Officers and trustees
- Martha Baumbach
- Julie Allen
- Wally Chapman
- Darryl Traweek
- Pat Vaughan
- Janet Becker
- Erin Murphy
- Cara McAdaragh
- Anya Norris
- Laurie Mount
- Madeline Johnson
- Tom Sagissor
- Shareen Luze
- Danelle Dean
Questions people ask
Does RBC Foundation - USA accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: January 30 and June 30.
How much does RBC Foundation - USA give?
$12.2 million in tax year 2023, across 8 grants, with a typical grant of $430,925.
Who runs RBC Foundation - USA?
Its 2023 filing lists Martha Baumbach (President), Julie Allen (Senior Manager), Wally Chapman (Advisory Board) and Darryl Traweek (Advisory Board) among 14 officers and trustees.