How to apply
Information can be found at https://www.rbcwealthmanagement.com/us/en/community-events/foundation- grants/giving-guidelines Contact: Martha Baumbach, 250 Nicollet Mall Suite 1900, Minneapolis, Mn, 6122197795, MARTHA.BAUMBACH@RBC.COM Deadlines: January 30 and June 30 Restrictions: Information can be found at https://www.rbcwealthmanagement.com/us/en/community-events/foundation- grants/giving-guidelines
Quoted from Part XV of the foundation's 2024 Form 990-PF; the full text is in the filing. Confirm on the foundation's website before you write.
Grants paid in 2024
8 grants, all shown · from Form 990-PF Part XV
| Recipient | Purpose | Amount |
|---|---|---|
| Other DistributionsMinneapolis, MN | General | $7.5M |
| Divisional ProgramMinneapolis, MN | General | $967K |
| Twin Cities Grant ProgramMinneapolis, MN | General | $700K |
| Employee Gift MatchingMinneapolis, MN | General | $618K |
| Corporatecapital GrantsMinneapolis, MN | General | $305K |
| Discretionary FundsMinneapolis, MN | General | $300K |
| United Way Branch MatchingMinneapolis, MN | General | $32K |
| Environmentjoint FundMinneapolis, MN | General | $15K |
About this foundation
Rbc Foundation USA is a private grantmaking foundation in Minneapolis, Minnesota, administered in care of Martha Baumbach, tax-exempt since 1963. Private foundations must pay out roughly 5% of their assets each year, mostly as grants to 501(c)(3) public charities.
Does Rbc Foundation USA accept grant applications?
Yes. On its 2024 Form 990-PF the foundation indicates it accepts applications. Information can be found at https://www.rbcwealthmanagement.com/us/en/community-events/foundation- grants/giving-guidelines Deadlines: January 30 and June 30.
How much does Rbc Foundation USA give each year?
In tax year 2024 it paid $10M across 8 grants, a median of $461K.
Where does Rbc Foundation USA give?
Minnesota (8 grants), per its latest filing.
More foundations near Minneapolis that accept applications
All in Minnesota| Foundation | Based in | Grants paid | Median grant | Accepts applications | Assets |
|---|---|---|---|---|---|
| McKnight Foundationsince 1994 | Minneapolis, MN | $146M790 grants · 2024 | $100K | Yes | $2.7B |
| Cargill Foundationsince 1954 | Minneapolis, MN | $13M95 grants · 2024 | $100K | Yes | $256M |
| The Richard M Schulze Family Foundationsince 2014 | Minneapolis, MN | $48M1,431 grants · 2024 | $5,000 | Yes | $218M |
| The Mortenson Family Foundationsince 2001 | Minneapolis, MN | $6.2M262 grants · 2024 | $15K | Yes | $142M |