GRACO FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- GRACO FOUNDATION (EIN 41-6023537)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-05-15
- IRS object ID
- 202501359349102565
- Schema version
- 2024v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-15T11:50:50-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 861065772 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DELOITTE TAX LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 SOUTH SIXTH STREET | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 416023537 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE GRACO FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GRAC | BusinessNameControlTxt |
| Phone | 6126236729 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1441 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 554401441 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JANEL FRENCH | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 6126236729 | PhoneNum |
| Signature | 2025-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SARAH REDDEN | PreparerPersonNm |
| PTIN | P00898534 | PTIN |
| Phone | 6123974000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $22,984,097 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $592,267 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $592,267 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $284,628 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,041,352 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $284,628 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $620 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $877,515 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $876,895 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $8,424 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $8,424 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $25 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $25 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $77,124 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,483 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $74,641 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $85,573 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,483 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $83,090 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,585,178 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,585,178 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,670,751 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,483 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,668,268 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$793,236 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $874,412 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $131,710 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $161,577 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $161,577 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $24,614,776 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $23,791,673 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $22,822,520 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $24,746,486 | TotalAssetsBOYAmt |
| Total Assets EOY | $23,953,250 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $22,984,097 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $24,746,486 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $23,953,250 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $24,746,486 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $23,953,250 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $24,746,486 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $23,953,250 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $24,746,486 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$793,236 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $23,953,250 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $23,953,250 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | P | $1,700,000 | $1,756,724 | -$56,724 | -$56,724 |
| CAPITAL GAINS DIVIDENDS | P | $341,352 | $341,352 | $341,352 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $284,628 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $12,154 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $12,154 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $12,154 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $10,643 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $10,643 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $1,511 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.GRACO.COM/US/EN/ABOUT-GRACO/FOUNDATION | WebsiteAddressTxt |
| Individual With Books | JANEL FRENCH | IndividualWithBooksNm |
| Phone | 6126236729 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 88 11TH AVENUE NE | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55413 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (9 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| MARK SHEAHAN | ||||||||
| PO BOX 1441 | MINNEAPOLIS | MN | 554401441 | PRESIDENT | 0.50 | $0 | $0 | $0 |
| JOSEPH HUMKE | ||||||||
| PO BOX 1441 | MINNEAPOLIS | MN | 554401441 | VICE PRESIDENT | 0.40 | $0 | $0 | $0 |
| JANEL W FRENCH | ||||||||
| PO BOX 1441 | MINNEAPOLIS | MN | 554401441 | TREASURER/ SECRETARY | 1.40 | $0 | $0 | $0 |
| DIANE OLSON | ||||||||
| PO BOX 1441 | MINNEAPOLIS | MN | 554401441 | DIRECTOR | 0.40 | $0 | $0 | $0 |
| DAVID LOWE | ||||||||
| PO BOX 1441 | MINNEAPOLIS | MN | 554401441 | DIRECTOR | 0.40 | $0 | $0 | $0 |
| RONITA BANERJEE | ||||||||
| PO BOX 1441 | MINNEAPOLIS | MN | 554401441 | DIRECTOR | 0.40 | $0 | $0 | $0 |
| JOSEPH DANISKI | ||||||||
| PO BOX 1441 | MINNEAPOLIS | MN | 554401441 | DIRECTOR | 0.40 | $0 | $0 | $0 |
| JEFF WEBER | ||||||||
| PO BOX 1441 | MINNEAPOLIS | MN | 554401441 | DIRECTOR | 0.40 | $0 | $0 | $0 |
| DAWN SVENKESON-KOUBAL | ||||||||
| PO BOX 1441 | MINNEAPOLIS | MN | 554401441 | DIRECTOR | 0.40 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NOT APPLICABLE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| All Other Program Rltd Invst Tot | $0 | AllOtherProgramRltdInvstTotAmt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $23,232,624 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $142,687 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $23,375,311 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $23,375,311 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $350,630 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $23,024,681 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,151,234 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,151,234 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $12,154 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $12,154 | TotalTaxAmt |
| Distributable Before Adj | $1,139,080 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $620 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,139,700 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,139,700 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,668,268 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,668,268 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,139,700 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $3,253,035 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $306,200 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $226,278 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $153,224 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $721,353 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $4,660,090 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,668,268 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,139,700 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $528,568 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $5,188,658 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $3,253,035 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,935,623 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $306,200 | ExcessFromYear4Amt |
| Excess From Year3 | $226,278 | ExcessFromYear3Amt |
| Excess From Year2 | $153,224 | ExcessFromYear2Amt |
| Excess From Year1 | $721,353 | ExcessFromYear1Amt |
| Excess From Current Year | $528,568 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | JANEL FRENCH FOUNDATION MANAGER | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | THE GRACO FOUNDATION 88 11TH AVE NE | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55413 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 6126236729 | RecipientPhoneNum |
| Form And Info And Materials | GRANT REQUESTS SHOULD INCLUDE A COVER LETTER, ON ORGANIZATIONAL LETTERHEAD, DESCRIBING YOUR PROGRAM AND HOW IT FITS OUR FOCUS AREAS. IN ADDITION, EACH PROPOSAL SHOULD CONTAIN:BRIEF DESCRIPTION OF THE ORGANIZATION'S HISTORY; PROGRAM OBJECTIVES; CLIENTS SERVED; BUDGET, INCLUDING PROGRAM EXPENSES AND REVENUE SOURCES; PROGRAM EVALUATION METHODS AND RESULTS; LIST OF CORPORATE AND FOUNDATION DONORS; LIST OF THE BOARD OF DIRECTORS; COPY OF 501(C)(3) OR OTHER TAX EXEMPT CONFIRMATION; COPY OF MOST RECENT IRS FORM 990; AND COPY OF MOST RECENT AUDIT. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NO DEADLINES | SubmissionDeadlinesTxt |
| Restrictions On Awards | EMPHASIS WILL BE PLACED ON EDUCATIONAL PROGRAMS, ESPECIALLY STEM PROGRAMS; HUMAN SERVICE PROGRAMS PROMOTING WORKFORCE DEVELOPMENT; AND YOUTH DEVELOPMENT. ORGANIZATIONS LOCATED IN NEIGHBORHOODS CLOSE TO GRACO INC. FACILITIES AND EMPLOYEES' HOMES ARE OF SPECIAL INTEREST TO THE FOUNDATION. IN ORDER TO HAVE THE RESOURCES TO ADDRESS THESE FOCUS AREAS AND HAVE A SIGNIFICANT IMPACT ON GRANTEE ORGANIZATIONS, THE FOUNDATION HAS A PREFERENCE FOR LARGE ONE-TIME CAPACITY BUILDING GRANTS RATHER THAN OPERATING GRANTS. THE MAXIMUM COMMITMENT PER CAPITAL CAMPAIGN IS $150,000. ADDITIONALLY, GRANTS WITHIN A TWO-YEAR PERIOD ARE GENERALLY NOT CONSIDERED. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (42 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| ACHIEVE TWIN CITIES | ||||||
| 2829 UNIVERSITY AVE SE SUITE 850 | MINNEAPOLIS | MN | 55414 | PC | GENERAL OPERATING SUPPORT | $30,000 |
| ALEXANDRIA TECHNICAL COLLEGE | ||||||
| 1601 JEFFERSON ST | ALEXANDRIA | MN | 56308 | PC | SCHOLARSHIPS | $10,000 |
| AMERICAN ONLINE GIVING FOUNDATION - AOGF | ||||||
| 40 EAST MAIN STREET SUITE 887 | NEWARK | DE | 19711 | PC | GIFT MATCHING | $192,964 |
| AMERICAN ONLINE GIVING FOUNDATION - AOGF | ||||||
| 40 EAST MAIN STREET SUITE 887 | NEWARK | DE | 19711 | PC | DOLLAR FOR DOERS | $96,214 |
| ANOKA HIGH SCHOOL | ||||||
| 3939 N 7TH AVENUE | ANOKA | MN | 55303 | PC | GENERAL OPERATING SUPPORT | $500 |
| ANOKA TECHNICAL COLLEGE | ||||||
| 1355 WEST HIGHWAY 10 | ANOKA | MN | 55303 | PC | GENERAL OPERATING SUPPORT | $80,000 |
| ANOKA TECHNICAL COLLEGE | ||||||
| 1355 WEST HIGHWAY 10 | ANOKA | MN | 55303 | PC | SCHOLARSHIPS | $43,500 |
| AVENUES FOR YOUTH | ||||||
| 1708 OAK AVE N | MINNEAPOLIS | MN | 55411 | PC | GENERAL OPERATING SUPPORT | $150,000 |
| BUFFALO HIGH SCHOOL | ||||||
| 877 BISON BLVD | BUFFALO | MN | 55313 | PC | GENERAL OPERATING SUPPORT | $500 |
| CAMDEN HIGH SCHOOL | ||||||
| 4320 NEWTON AVE N | MINNEAPOLIS | MN | 55412 | PC | GENERAL OPERATING SUPPORT | $500 |
| CRISTO REY HIGH SCHOOL (FOR FIRST ROBOTICS) | ||||||
| 2924 4TH AVE S | MINNEAPOLIS | MN | 55408 | PC | GENERAL OPERATING SUPPORT | $15,000 |
| CRISTO REY JESUIT HIGH SCHOOL | ||||||
| 2924 4TH AVE S | MINNEAPOLIS | MN | 55408 | PC | GENERAL OPERATING SUPPORT | $500 |
| DUNWOODY COLLEGE OF TECHNOLOGY | ||||||
| 818 DUNWOODY BLVD | MINNEAPOLIS | MN | 554031192 | PC | GENERAL OPERATING SUPPORT | $15,000 |
| DUNWOODY COLLEGE OF TECHNOLOGY | ||||||
| 818 DUNWOODY BLVD | MINNEAPOLIS | MN | 554031192 | PC | GENERAL OPERATING SUPPORT | $140,000 |
| DUNWOODY COLLEGE OF TECHNOLOGY | ||||||
| 818 DUNWOODY BLVD | MINNEAPOLIS | MN | 554031192 | PC | SCHOLARSHIPS | $10,000 |
| EDISON HIGH SCHOOL (FOR FIRST ROBOTICS) | ||||||
| 700 22ND AVE NE | MINNEAPOLIS | MN | 55418 | PC | GENERAL OPERATING SUPPORT | $12,500 |
| EDISON HIGH SCHOOL ROBOTICS TEAM | ||||||
| 700 22ND AVE NE | MINNEAPOLIS | MN | 55418 | PC | GENERAL OPERATING SUPPORT | $12,500 |
| ERIE INSTITUTE OF TECHNOLOGY | ||||||
| 940 MILLCREEK MALL ERIE | ERIE | PA | 16565 | PC | SCHOLARSHIPS | $10,000 |
| EXPLORATION HIGH SCHOOL | ||||||
| 229 13TH AVENUE NE | MINNEAPOLIS | MN | 55413 | PC | GENERAL OPERATING SUPPORT | $500 |
| HEARTS & HAMMERS | ||||||
| 2599 FAIRVIEW AVE N | ST PAUL | MN | 55113 | PC | GENERAL OPERATING SUPPORT | $15,000 |
| LAKE AREA TECHNICAL INSTITUTE | ||||||
| 230 - 11TH STREET NE PO BOX 730 | WATERTOWN | SD | 572010730 | PC | SCHOLARSHIPS | $10,000 |
| MINNEAPOLIS COLLEGE (MCTC) | ||||||
| 1501 HENNEPIN AVENUE | MINNEAPOLIS | MN | 55403 | PC | SCHOLARSHIPS | $10,000 |
| MINNESOTA DIVERSIFIED INDUSTRIES | ||||||
| 3501 BROADWAY ST NE STE 100 | MINNEAPOLIS | MN | 55413 | PC | GENERAL OPERATING SUPPORT | $150,000 |
| MINNESOTA PRIVATE COLLEGES | ||||||
| 445 MINNESOTA STREET | ST PAUL | MN | 55101 | PC | SCHOLARSHIPS | $42,500 |
| MOUNTAINLAND TECHNICAL COLLEGE | ||||||
| 2301 ASHTON BLVD | LEHI | UT | 84043 | PC | SCHOLARSHIPS | $10,000 |
| NORTH DAKOTA STATE UNIVERSITY FOUNDATION AND ALUMNI ASSOCIATION | ||||||
| 1340 ADMINISTRATION AVE | FARGO | ND | 58105 | PC | SCHOLARSHIPS | $10,000 |
| PAGE EDUCATION FOUNDATION | ||||||
| 901 N 3RD STREET SUITE 355 | MINNEAPOLIS | MN | 55401 | PC | SCHOLARSHIPS | $15,000 |
| POWDER COATING INSTITUTE | ||||||
| 6985 PROFESSIONAL PKWY E UNIT 4 | SARASOTA | FL | 34240 | PC | SCHOLARSHIPS | $5,000 |
| ROBBINSDALE COOPER HIGH SCHOOL | ||||||
| 4148 WINNETKA AVE N | ROBBINSDALE | MN | 55427 | PC | GENERAL OPERATING SUPPORT | $500 |
| ROGERS HIGH SCHOOL | ||||||
| 21000 141ST AVE N | ROGERS | MN | 55374 | PC | GENERAL OPERATING SUPPORT | $500 |
| SAINT PAUL COLLEGE | ||||||
| 235 MARSHALL AVENUE | ST PAUL | MN | 55102 | PC | SCHOLARSHIPS | $10,000 |
| SCHOLARSHIP AMERICA | ||||||
| PO BOX 772514 | DETROIT | MI | 482772514 | PC | SCHOLARSHIPS | $196,000 |
| SOUTH DAKOTA SCHOOL OF MINES AND TECHNOLOGY | ||||||
| 306 E SAINT JOSEPH ST STE 200 | RAPID CITY | SD | 57701 | PC | SCHOLARSHIPS | $10,000 |
| SOUTH DAKOTA STATE UNIVERSITY | ||||||
| 815 MEDARY AVENUE BOX 525 | BROOKINGS | SD | 57007 | PC | SCHOLARSHIPS | $10,000 |
| SOUTHEAST TECHNICAL COLLEGE | ||||||
| 2205 N CAREER AVE | SIOUX FALLS | SD | 57107 | PC | SCHOLARSHIPS | $10,000 |
| SUMMIT ACADEMY OIC | ||||||
| 935 OLSON MEMORIAL HWY | MINNEAPOLIS | MN | 55405 | PC | GENERAL OPERATING SUPPORT | $200,000 |
| THE UNIVERSITY OF AKRON | ||||||
| 302 BUCHTEL MALL | AKRON | OH | 44325 | PC | SCHOLARSHIPS | $10,000 |
| UNIVERSITY OF MINNESOTA - DULUTH | ||||||
| PO BOX 860266 | MINNEAPOLIS | MN | 554860266 | PC | SCHOLARSHIPS | $10,000 |
| UNIVERSITY OF MINNESOTA - TWIN CITIES | ||||||
| 117 PLEASANT STREET SE | MINNEAPOLIS | MN | 55455 | PC | SCHOLARSHIPS | $20,000 |
| UNIVERSITY OF ST THOMAS | ||||||
| MAIL DEV 2120 2115 SUMMIT AVENUE | ST PAUL | MN | 55105 | PC | SCHOLARSHIPS | $10,000 |
| UNIVERSITY OF WISCONSIN - STOUT | ||||||
| 712 BROADWAY ST S | MENOMONIE | WI | 54751 | PC | SCHOLARSHIPS | $10,000 |
| WAYZATA HIGH SCHOOL | ||||||
| 13305 12TH AVE N | PLYMOUTH | MN | 55441 | PC | GENERAL OPERATING SUPPORT | $500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,585,178 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $592,267 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $284,628 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GRANT RECOVERIES | Desc |
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Related Or Exempt Function Incm | $620 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $876,895 | ExclusionAmt |
| Related Or Exempt Function Incm | $620 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $877,515 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 11 | LineNumberTxt |
| Relationship Statement | GRANT RECOVERIES | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | DELOITTE TAX LLP | CategoryTxt |
| Amt | $8,424 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $8,424 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
| Amt | $0 | Amt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | JPM DIVERSIFIED FUND | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $23,791,673 | BookValueAmt |
| EOYFMV | $22,822,520 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| AMERICAN ONLINE GIVING FOUNDATION, INC. MANAGEMENT FEES | $12,205 | $0 | $12,205 |
| BANK/ INVESTMENT FEES | $2,483 | $2,483 | $0 |
| SCHOLARSHIP AMERICA | $19,860 | $0 | $19,860 |
| MINNESOTA COUNCIL ON FOUNDATIONS | $3,500 | $0 | $3,500 |
| BENEVITY | $39,076 | $0 | $39,076 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GRANT RECOVERIES | Desc |
| Revenue And Expenses Per Books | $620 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | $620 | AdjustedNetIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | STATE FILING FEES | CategoryTxt |
| Amt | $25 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $25 | DisbursementsCharitablePrpsAmt |
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