Charles and Marlys Elliott Foundation
Charles and Marlys Elliott Foundation is a private foundation, based in Rochester, MN. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $7.6M in total assets. In 2025, it awarded 4 grants totaling $145K. Net investment income was $688K.
Key facts about Charles and Marlys Elliott Foundation
In short: Charles and Marlys Elliott Foundation gave $145K across 4 grants in 2025 (avg $36K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- EIN
- 87-3958643
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $145,000
- Grants made (2025)
- 4
- Average grant
- $36,250
- Median grant
- $17,500
- Total assets
- $7,616,499
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$7.6M
+69.6% YoY
Annual Giving
$145K
+20.8% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$36K
+20.8% YoY
Under IRS private-foundation payout rules, Charles and Marlys Elliott Foundation reported a distributable amount of $276K for 2025 — the minimum it must pay out in qualifying distributions.
How Charles and Marlys Elliott Foundation gives
- Giving grew 1350% from 2022 to 2025. Method
- In 2025 it paid out 58% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $10K (2022) to $145K (2025). In 2025 it made 4 grants totaling $145K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Mayo Clinic ($100K). Together the top 4 received $145K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 10 grants of 13 (77%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mayo Clinic Rochester, MN | General Support | $100,000 |
| Ronald McDonald House Charities Midwest Rochester, MN | General Support | $25,000 |
| Quarry Hill Nature Center Rochester, MN | General Support | $10,000 |
| Seasons Hospice Rochester, MN | Center for Grief Education and Support | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $7,616,499 | $4,491,658 | $2,726,254 |
| Revenue | $3,567,135 | $2,157,242 | $322,383 |
| Expenses | $442,294 | $391,838 | $343,216 |
| Qualifying Distributions | $160,616 | $129,957 | $102,337 |
| Net Investment Income | $688,285 | $551,949 | $45,934 |
| Distributable Amount | $275,890 | $157,758 | $120,753 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 28, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 28, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Officers and directors from IRS filings
Charles and Marlys Elliott Foundation is led by Peggy A. Elliott, Executive Director since 2022 (on filings since 2021); 1 of 5 officers listed in 2025 is compensated.
Officers on the 2025 filing
Peggy A. Elliott
Executive Director
Secretary, Treasurer & Director → Executive Director, 2022
On filings since 2021
40 hrs/week
$87K (2022) → $193K (2025)
Charles J. Elliott
President, Director & Director
On filings since 2021
2 hrs/week
No compensation reported
Gregg A. Elliott
Director
On filings since 2021
1 hr/week
No compensation reported
Marlys M. Elliott
Vice President & Director
On filings since 2021
2 hrs/week
No compensation reported
Lori M. Gengler
Director
On filings since 2022
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $193K, to Peggy a Elliott (Executive Director).
Frequently asked questions about Charles and Marlys Elliott Foundation
How much does Charles and Marlys Elliott Foundation give each year?
Charles and Marlys Elliott Foundation gave $145K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $120K across 4 grants.
What is Charles and Marlys Elliott Foundation's typical grant size?
Charles and Marlys Elliott Foundation's median grant in 2025 was $17,500, and its average grant was $36,250, across 4 grants on its 2025 IRS Form 990-PF.
Where does Charles and Marlys Elliott Foundation give grants?
Charles and Marlys Elliott Foundation gives mostly in Minnesota: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Rochester, MN (4 grants).
Does Charles and Marlys Elliott Foundation give general operating support?
Yes: 75% of Charles and Marlys Elliott Foundation's 2025 grants with a stated purpose (3 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Charles and Marlys Elliott Foundation?
Charles and Marlys Elliott Foundation reported $7.6M in total assets on its 2025 IRS Form 990-PF. It paid out $161K in qualifying distributions that year, against a required minimum of $276K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Charles and Marlys Elliott Foundation's EIN?
Charles and Marlys Elliott Foundation's EIN (Employer Identification Number) is 87-3958643. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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