Marjorie & VM Baich Foundation
Marjorie & VM Baich Foundation is a private foundation focused on Education, based in Coleraine, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $105K in total assets. In 2024, it awarded 3 grants totaling $7K.
Marjorie & VM Baich Foundation at a glance
In short: Marjorie & VM Baich Foundation gave $7K across 3 grants in 2024 (avg $2K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $7,000
- -27.4% vs 2023
- Grants made (2024)
- 3
- -25.0% vs 2023
- Average grant
- $2,333
- -3.2% vs 2023
- Median grant
- $1,000
- Total assets
- $105,496
- -49.0% vs 2023
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Marjorie & VM Baich Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Minnesota North College ($5K). Together the top 3 received $7K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 31 grants of 31 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Marjorie & VM Baich Foundation gives
- Giving fell 32% from 2021 to 2024. Method
- In 2024 it paid out 110% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $7K (2024) to $21K (2022). In 2024 it made 3 grants totaling $7K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Minnesota North College Hibbing, MN | Scholarships | $5,000 |
| University of Minnesota - Duluth Duluth, MN | Scholarships | $1,000 |
| College of St Scholastica Duluth, MN | Scholarships | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $105,496 | $-109,840 | $8,323 | $7,000 | 3 | $7,000 | — | $6,388 |
| 2023 | $206,659 | $219 | $10,881 | $9,644 | 4 | $9,644 | — | $6,797 |
| 2022 | $213,871 | $-19,247 | $23,452 | $21,273 | 11 | $21,273 | — | $10,600 |
| 2021 | $256,520 | $63,993 | $12,716 | $10,250 | 6 | $10,250 | $63,993 | $16,366 |
| 2020 | $205,243 | $64,379 | $11,241 | $7,725 | 7 | — | $64,379 | $10,977 |
Under IRS private-foundation payout rules, Marjorie & VM Baich Foundation reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Marjorie & VM Baich Foundation is led by Michael Baich, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael Baich
President
On filings since 2020
No compensation reported
Gregory Baich
Director
On filings since 2020
No compensation reported
Stephanie Smit
Director
On filings since 2020
No compensation reported
William Mager
Secretary
On filings since 2020
$1K (2020) → $0 (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2020 IRS filing
The highest reported compensation on the 2020 filing was $1K, to William Mager (Secretary).
Frequently asked questions about Marjorie & VM Baich Foundation
How much does Marjorie & VM Baich Foundation give each year?
Marjorie & VM Baich Foundation gave $7K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10K across 4 grants.
What is Marjorie & VM Baich Foundation's typical grant size?
Marjorie & VM Baich Foundation's median grant in 2024 was $1,000, and its average grant was $2,333, across 3 grants on its 2024 IRS Form 990-PF.
Where does Marjorie & VM Baich Foundation give grants?
Marjorie & VM Baich Foundation gives mostly in Minnesota: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Duluth, MN (2 grants).
Does Marjorie & VM Baich Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Marjorie & VM Baich Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (3 grants).
How large is Marjorie & VM Baich Foundation?
Marjorie & VM Baich Foundation reported $105K in total assets on its 2024 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $6K (roughly 5% of its investment assets).
What is Marjorie & VM Baich Foundation?
Marjorie & VM Baich Foundation is a private foundation focused on Education, based in Coleraine, MN. It holds $105K in total assets as of 2024.
What is Marjorie & VM Baich Foundation's EIN?
Marjorie & VM Baich Foundation's EIN (Employer Identification Number) is 41-1894078. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 11, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Marjorie & VM Baich Foundation funds
Education Open opportunities, soonest deadline first.
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