Martha Elizabeth Macmillan Foundation
Martha Elizabeth Macmillan Foundation is a private foundation, based in Minneapolis, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15.6M in total assets. In 2024, it awarded 7 grants totaling $108K. Net investment income was $1.1M.
Martha Elizabeth Macmillan Foundation at a glance
In short: Martha Elizabeth Macmillan Foundation gave $108K across 7 grants in 2024 (avg $15K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $108,150
- -85.7% vs 2023
- Grants made (2024)
- 7
- -68.2% vs 2023
- Average grant
- $15,450
- -55.2% vs 2023
- Median grant
- $10,650
- Total assets
- $15,628,761
- +6.9% vs 2023
- Primary geography
- New York (51% 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 Martha Elizabeth Macmillan Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was American Federation of Arts ($50K). Together the top 7 received $108K.
Grant Size Distribution
50 grants across all recorded years
The most common grant size was under $50K: 34 grants of 50 (68%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Martha Elizabeth Macmillan Foundation gives
- Giving fell 64% from 2021 to 2024. Method
- In 2024 it paid out 12% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $108K (2024) to $758K (2023). In 2024 it made 7 grants totaling $108K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Federation of Arts New Yowk, NY | Unrestricted | $50,000 |
| Walker Art Center Minneapolis, MN | Unrestricted | $15,000 |
| Minneapolis Institute of Art Minneapolis, MN | Unrestricted | $12,500 |
| Global Minnesota Minneapolis, MN | Unrestricted | $10,650 |
| President & Fellows of Harvard Cambridge, MA | Unrestricted | $10,000 |
| TPT - Presidents Society St. Paul, MN | President's Society | $5,000 |
| Women Moving Millions New York, NY | Unrestricted | $5,000 |
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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 | $15,628,761 | $1,642,103 | $627,291 | $108,150 | 7 | $108,649 | $1,096,319 | $892,448 |
| 2023 | $14,613,949 | $1,050,390 | $1,393,964 | $758,384 | 22 | $761,139 | $581,114 | $827,305 |
| 2022 | $14,957,523 | $11,254,891 | $700,978 | $546,150 | 10 | $546,337 | $11,121,394 | $545,996 |
| 2021 | $4,403,610 | $522,364 | $361,501 | $300,003 | 5 | $301,202 | $477,318 | $304,911 |
| 2020 | $4,242,747 | $705,544 | $374,675 | $310,000 | 6 | — | $639,306 | $261,390 |
Under IRS private-foundation payout rules, Martha Elizabeth Macmillan Foundation reported a distributable amount of $892K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Martha Elizabeth Macmillan Foundation is led by Martha E. Macmillan, President & Director on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Martha E. Macmillan
President & Director
On filings since 2020
0.3 hrs/week
No compensation reported
Thomas Raisbeck
Treasurer
On filings since 2021
No compensation reported
Marlo Turcotte
Secretary
On filings since 2022
0.3 hrs/week
No compensation reported
Former officers (2)
- Former: Heather Dorsey (2020–2021) — Secretary
- Former: Robert J. Theiler (2020–2021) — Treasurer
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.
Frequently asked questions about Martha Elizabeth Macmillan Foundation
How much does Martha Elizabeth Macmillan Foundation give each year?
Martha Elizabeth Macmillan Foundation gave $108K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $758K across 22 grants.
What is Martha Elizabeth Macmillan Foundation's typical grant size?
Martha Elizabeth Macmillan Foundation's median grant in 2024 was $10,650, and its average grant was $15,450, across 7 grants on its 2024 IRS Form 990-PF.
Where does Martha Elizabeth Macmillan Foundation give grants?
Martha Elizabeth Macmillan Foundation gives mostly in New York: 51% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Minnesota (40%) and Massachusetts (9%). The most frequent recipient cities were Minneapolis, MN (3 grants).
Does Martha Elizabeth Macmillan Foundation give general operating support?
Yes: 86% of Martha Elizabeth Macmillan Foundation's 2024 grants with a stated purpose (6 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Martha Elizabeth Macmillan Foundation's largest grantees?
Martha Elizabeth Macmillan Foundation's largest 2024 grantees include American Federation of Arts ($50,000), Walker Art Center ($15,000) and Minneapolis Institute of Art ($12,500), according to its 2024 IRS Form 990-PF. Together they received 72% of its itemized 2024 grant dollars.
How large is Martha Elizabeth Macmillan Foundation?
Martha Elizabeth Macmillan Foundation reported $15.6M in total assets on its 2024 IRS Form 990-PF. It paid out $109K in qualifying distributions that year, against a required minimum of $892K (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 Martha Elizabeth Macmillan Foundation's EIN?
Martha Elizabeth Macmillan Foundation's EIN (Employer Identification Number) is 41-1924729. 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 August 24, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Martha Elizabeth Macmillan Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Martha Elizabeth Macmillan Foundation's focus areas in our free grants database
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