Magnifi Financial Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MELROSE, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $797K in total assets. In 2024, it awarded 5 grants totaling $30K. Net investment income was $27K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$797K
+17.2% YoY
Annual Giving
$30K
+11.1% YoY
Grant Count
5
+66.7% YoY
Avg Grant Size
$6K
-33.3% YoY
About Magnifi Financial Foundation
Based on IRS filings
Magnifi Financial Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MELROSE, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $797K in total assets. In 2024, it awarded 5 grants totaling $30K. Net investment income was $27K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $797,427 | $680,413 | $609,430 |
| Revenue | $158,444 | $98,724 | $87,623 |
| Expenses | $41,430 | $27,741 | $24,532 |
| Qualifying Distributions | $30,000 | $27,000 | $23,000 |
| Net Investment Income | $27,025 | $11,397 | $3,171 |
| Distributable Amount | $34,218 | $29,779 | $26,729 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
21 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHARLES B FRIEDERICHS | President | 1 | — |
| COREY SAND | Director | 1 | — |
| JANELLE BORGMANN | Treasurer | 1 | — |
| GARY MEYER | Secretary | 1 | — |
| NANCY L ROSKE | Vice President | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Clearway Minnesota (sm)
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Assets
—
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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