Clb Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EXCELSIOR, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $17.5M in total assets. In 2024, it awarded 11 grants totaling $890K. Net investment income was $497K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$17.5M
+78.2% YoY
Annual Giving
$890K
+22.7% YoY
Grant Count
11
+22.2% YoY
Avg Grant Size
$81K
+0.4% YoY
Under IRS private-foundation payout rules, Clb Foundation reported a distributable amount of $734K for 2024 — the minimum it must pay out in qualifying distributions.
About Clb Foundation
Based on IRS filings
Clb Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EXCELSIOR, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $17.5M in total assets. In 2024, it awarded 11 grants totaling $890K. Net investment income was $497K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $17,489,904 | $9,812,064 | $7,584,281 |
| Revenue | $7,683,746 | $3,111,093 | $144,169 |
| Expenses | $1,355,131 | $925,719 | $503,876 |
| Qualifying Distributions | $1,166,811 | $857,682 | $485,732 |
| Net Investment Income | $496,661 | $450,446 | $320,615 |
| Distributable Amount | $734,463 | $370,613 | $383,949 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Heritage Christian Academy ($250,000), Hope Academy ($153,000), Chapel Hill Academy ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BANYAN COMMUNITY MINNEAPOLIS, MN | CHILDREN'S AFTER-SCHOOL PROGRAMS | $50,000 |
| CHAPEL HILL ACADEMY CHANHASSEN, MN | TUITION SPONSORSHIP | $100,000 |
| SOUTHWEST CHRISTIAN HIGH SCHOOL CHASKA, MN | TUITION SPONSORSHIP | $100,000 |
| HERITAGE CHRISTIAN ACADEMY MAPLE GROVE, MN | TUITION SPONSORSHIP | $250,000 |
| HILLSDALE COLLEGE HILLSDALE, MI | TUITION SPONSORSHIP | $50,000 |
| DEER CREEK COMMUNITY CHURCH APPLE VALLEY, MN | COUNSELING SUPPORT | $25,000 |
| INTERNATIONAL MESSENGERS CLEAR LAKE, IA | MISSION SUPPORT | $10,000 |
| HOPE ACADEMY MINNEAPOLIS, MN | TUITION SPONSORSHIP | $153,000 |
| TEREBINTH REFUGE WAITE PARK, MN | HUMAN TRAFFICKING | $11,700 |
| GRACE CLASSICAL ACADEMY BONITA SPRINGS, FL | TUITION SPONSORSHIP | $40,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEN RUDE | EXECUTIVE DIRECTOR/SECRETARY | 40 | $203,654 |
| JAY THORSLAND | DIRECTOR | 20 | $18,612 |
| CAROLYNN KRINGS | DIRECTOR | 20 | $18,612 |
| ELIZABETH BERGQUIST | VICE PRESIDENT | — | — |
| CARL R BERGQUIST | PRESIDENT/TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Clb Foundation?
Clb Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EXCELSIOR, MN. It holds $17.5M in total assets as of 2024.
How large is Clb Foundation?
As of 2024, Clb Foundation holds $17.5M in total assets with $7.7M in annual revenue. It awarded 11 grants totaling $890K in 2024.
Where does Clb Foundation operate?
Clb Foundation has awarded grants in Florida, Iowa, Kentucky, Michigan, Minnesota, North Carolina.
What size grants does Clb Foundation award?
In 2024, Clb Foundation awarded 11 grants totaling $890K — an average of about $81K per grant, based on its IRS Form 990 filings.
How much is Clb Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Clb Foundation reported a distributable amount of $734K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Clb Foundation's EIN?
Clb Foundation's EIN (Employer Identification Number) is 81-1617742. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Clb Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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