Magnifi Financial Foundation | Foundation Profile
GrantBay analyzes IRS Form 990-PF data to help grant seekers find fit funders like Magnifi Financial Foundation. Data shown is extracted from Form 990-PF filings.
EIN: 61-1690771
Foundation Overview
Based in Melrose, MN, Magnifi Financial Foundation has awarded 53 grants totaling $184,925 to organizations in Minnesota. Individual grants range from $125 to $10,000, with a median award of $1,500.
Latest Form 990-PF Snapshot
Foundation Intelligence
Advanced analytics and strategic insights to help nonprofit organizations assess grant opportunities and optimize their application strategies
New Applicant Friendliness
6 of 6 recipients (100%) were new grantees. Foundation prioritizes discovering new partners. Most funding supports first-time applicants with compelling missions.
Geographic Focus
100% of all grants are concentrated in Minnesota, demonstrating highly focused geographic giving. This foundation prioritizes deep community impact in its primary service area. Within Minnesota, funding concentrates in Melrose (9%), Perham (9%), Albany (9%).
Funding Trajectory
Strong 297% growth in annual giving over 7 years indicates expanding philanthropic capacity and increasing opportunities for grant seekers. This upward trajectory suggests growing foundation resources and commitment.
Program Areas
Diversified giving across multiple program areas with primary emphasis on general purposes (65%). This broad approach suggests openness to various causes and innovative cross-sector solutions.
Where is The Money Going?
Grants & Funding
Analyzing past grantees provides valuable insights into Magnifi Financial Foundation's funding preferences, organizational priorities, and grant making patterns. This historical data helps potential applicants understand the foundation's strategic focus and identify successful funding approaches.
| Name | Amount | Location | Purpose | Year |
|---|---|---|---|---|
| Avon Caps Committee Avon Parentssta | $10,000 | Avon, MN, US | Playground Equipment For A More Inclusive Playground | 2023 |
| Richmond Lions Club | $10,000 | Richmond, MN, US | Richmond Lions Park Upgrades | 2023 |
| Eagle's Healing Nest | $7,000 | Sauk Centre, MN, US | General Donation For Ongoing Veterans' Programs/treatments | 2023 |
| Avon Caps Committee Avon Parentssta | $10,000 | Avon, MN, US | Playground Equipment For A More Inclusive Playground | 2023 |
| Richmond Lions Club | $10,000 | Richmond, MN, US | Richmond Lions Park Upgrades | 2023 |
| Eagle's Healing Nest | $7,000 | Sauk Centre, MN, US | General Donation For Ongoing Veterans' Programs/treatments | 2023 |
| City Of Paynesville | $7,000 | Paynesville, MN, US | Park Shelter Construction | 2022 |
| City Of Melrose | $7,000 | Melrose, MN, US | Park Improvements | 2022 |
| The Waters Church | $7,000 | Sartell, MN, US | Park Improvements | 2022 |
| Perham Area Community Lions Club | $2,000 | Perham, MN, US | Public Restroom Construction | 2022 |
| City Of Paynesville | $7,000 | Paynesville, MN, US | Park Shelter Construction | 2022 |
| City Of Melrose | $7,000 | Melrose, MN, US | Park Improvements | 2022 |
| The Waters Church | $7,000 | Sartell, MN, US | Park Improvements | 2022 |
| Perham Area Community Lions Club | $2,000 | Perham, MN, US | Public Restroom Construction | 2022 |
| City Of Paynesville | $7,000 | Paynesville, MN, US | Park Shelter Construction | 2022 |
| City Of Melrose | $7,000 | Melrose, MN, US | Park Improvements | 2022 |
| The Waters Church | $7,000 | Sartell, MN, US | Park Improvements | 2022 |
| Perham Area Community Lions Club | $2,000 | Perham, MN, US | Public Restroom Construction | 2022 |
| Hands Of Hope Resource Center | $5,000 | Little Falls, MN, US | Domestic Violence Help | 2021 |
| Pathways 4 Youth | $5,000 | St Cloud, MN, US | Youth Programs | 2021 |
| Someplace Safe | $5,000 | Wadena, MN, US | Domestic Violence Help | 2021 |
| Nicholas P Koenig Hero Foundation | $5,000 | Richmond, MN, US | Medical Research | 2021 |
| Golden Eagle Special Olympics | $1,500 | Minneapolis, MN, US | Special Needs | 2020 |
| Boys Girls Clubs Of Central Mn | $5,000 | St Cloud, MN, US | Youth Programs | 2020 |
| Mother Of Mercy Foundation | $8,500 | Albany, MN, US | Senior Care | 2020 |
| Empowering Kids Perham | $2,500 | Perham, MN, US | Youth Programs | 2020 |
| Kinship Of The Perham Area | $2,500 | Perham, MN, US | Youth Programs | 2020 |
| Melrose Area High School | $1,000 | Melrose, MN, US | Education | 2018 |
| Albany Area Middle School | $1,000 | Albany, MN, US | Education | 2018 |
| Wadena Deer Creek Public Schools | $1,000 | Wadena, MN, US | Education | 2018 |
| Holdingford Public Schools | $1,000 | Holdingford, MN, US | Education | 2018 |
| Kare Kloset - Little Falls Schools | $750 | Little Falls, MN, US | Education | 2018 |
| Long Prairie - Grey Eagle Elementar | $1,000 | Long Prairie, MN, US | Education | 2018 |
| Avon Elementary | $1,000 | Avon, MN, US | Education | 2018 |
| Annamarie's Alliance | $500 | Saint Cloud, MN, US | Public Safety | 2018 |
| Habitat For Humanity | $500 | Saint Cloud, MN, US | Public Wellness | 2018 |
| Little Falls Community Schools | $500 | Little Falls, MN, US | Education | 2018 |
| Prairie Meadows Elementary School | $750 | Spicer, MN, US | Education | 2018 |
| Albany Area School | $125 | Albany, MN, US | Education | 2017 |
| Albany Fire Department | $1,000 | Albany, MN, US | Public Safety | 2017 |
| Avon Fire Department | $1,000 | Avon, MN, US | Public Safety | 2017 |
| Melrose Fire Department | $1,000 | Melrose, MN, US | Public Safety | 2017 |
| Long Prairie Fire Department | $1,000 | Long Prairie, MN, US | Public Safety | 2017 |
| Holdingford Fire Department | $1,000 | Holdingford, MN, US | Public Safety | 2017 |
| Sauk Centre Fire Department | $1,000 | Sauk Centre, MN, US | Public Safety | 2017 |
| Coborn's Cancer Center | $1,300 | St Cloud, MN, US | Medical Research | 2016 |
| Moorhead Police Department | $1,000 | Moorhead, MN, US | Public Safety | 2016 |
| Albany Police Department | $1,000 | Albany, MN, US | Public Safety | 2016 |
| Belgrade Police Department | $500 | Belgrade, MN, US | Public Safety | 2016 |
| Paynesville Police Department | $500 | Paynesville, MN, US | Public Safety | 2016 |
| Long Prairie Police Department | $1,000 | Long Prairie, MN, US | Public Safety | 2016 |
| Osakis Police Department | $1,000 | Osakis, MN, US | Public Safety | 2016 |
| Wadena Police Department | $500 | Wadena, MN, US | Public Safety | 2016 |
Foundations Similar to Magnifi Financial Foundation
Discover 5 foundations with comparable assets ($665,778-$691,882), similar grant patterns, and geographic focus in MN that may also align with your organization's funding needs and grant seeking strategy.
| Foundation Name | Total Assets | Typical Grant Size | Service Area | Similarity Match |
|---|---|---|---|---|
|
Lamarche Creek Foundation
EIN: 41-2007580 | 133 grants awarded |
$681,671
(≈ Similar) |
$1,000
median grant |
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|
J Lindell Charitable Trust
EIN: 41-6347184 | 88 grants awarded |
$677,414
(≈ Similar) |
$3,000
median grant |
Eagan, MN
Same state |
|
|
Bud Rotter Family Foundation
EIN: 20-5371125 | 261 grants awarded |
$688,366
(≈ Similar) |
$2,000
median grant |
Maple Grove, MN
Same state |
|
|
John J And Nora A Foster Foundation
EIN: 46-0761572 | 112 grants awarded |
$691,882
(≈ Similar) |
$1,000
median grant |
Stillwater, MN
Same state |
|
|
The Crimson & Cream Foundation
EIN: 41-1899126 | 123 grants awarded |
$665,778
(≈ Similar) |
$1,000
median grant |
Minneapolis, MN
Same state |
|
Related Foundation Resources in MN:
Contact Information
Official contact details for Magnifi Financial Foundation as registered with the IRS. These details are essential for grant applications, correspondence, and due diligence processes.
| EIN | 61-1690771 |
| Website | N/A |
| Address | 20 4TH AVE SE Melrose, MN 56352-1356 |
Key People (5)
Board members, trustees, and key staff who oversee Magnifi Financial Foundation's grant making decisions and strategic direction. Understanding leadership composition can provide insights into foundation priorities and potential networking opportunities.
| President | Charles B Friederichs |
|---|---|
| Director | Corey Sand |
| Treasurer | Janelle Borgmann |
| Secretary | Gary Meyer |
| Vice President | Nancy L Roske |
Forms 990-PF
IRS Form 990-PF filings provide comprehensive financial information, grant details, and operational data. These documents are essential resources for understanding foundation capacity, giving patterns, and strategic priorities.
Form 990-PF Research Tips
- Review Part XV for detailed grant recipient information and funding purposes
- Check Part I for total assets, annual giving amounts, and payout requirements
- Examine Part VIII for key personnel compensation and board structure
- Look for trends across multiple years to understand giving patterns
About This Foundation Profile
This comprehensive foundation profile for Magnifi Financial Foundation is powered by Grant Bay's advanced foundation research platform. Our system analyzes IRS Form 990-PF filings, grant histories, and philanthropic patterns to provide nonprofit organizations with actionable intelligence for grant seeking success.
Data Sources & Accuracy
All information is derived from official IRS filings and public records. Grant Bay processes thousands of Form 990-PF documents to extract grant details, financial data, and organizational information. Data accuracy depends on foundation reporting quality and IRS filing completeness.
Research Applications
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