Max and Betty Swanson Foundation

Private foundation · Grantmaker Missoula, MT EIN: 81-0535708

The Max and Betty Swanson Foundation is based in Missoula, Montana, and its filing type is 990T. Its 2024 filing reports 60 grants totaling $139,750, with most grant dollars going to organizations in Montana.

Key facts about Max and Betty Swanson Foundation

In short: Max and Betty Swanson Foundation gave $140K across 60 grants in 2024 (avg $2K), mostly in Montana. 9% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.

EIN
81-0535708
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$139,750
Grants made (2024)
60
Average grant
$2,329
Median grant
$1,000
New grantees (estimate)
9% first-time grantees (5 of 58, 2024)
Total assets
$3,250,979
Primary geography
Montana (98% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.3M

+0.5% YoY

Annual Giving

$140K

-19.0% YoY

Grant Count

60

+1.7% YoY

Avg Grant Size

$2K

-20.3% YoY

Under IRS private-foundation payout rules, Max and Betty Swanson Foundation reported a distributable amount of $182K for 2024 — the minimum it must pay out in qualifying distributions.

Is Max and Betty Swanson Foundation open to new grantees?

9%

first-time grantees, 2024

In 2024, 5 of 58 grantees (9%) were first-time recipients. First grants averaged $3K; repeat grants $2K. How we count

Medians: $1K first-time, $1K repeat.

  • 90% of 2024 grantees were also funded in 2023. Method
  • Giving held roughly steady from 2021 to 2024 (+11%). Method
  • In 2024 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement for the foundation is provided. Its 2024 grants include support for scholarships, operating expenses, youth and family services, health-related work, and education about nature and the environment. For example, the Loving Loic Foundation says its mission is to develop gene therapy for children with PKAN; the Montana Natural History Center says it promotes appreciation, understanding, and stewardship of nature through education; and Mountain Home Montana says it provides a safe, stable, nurturing home for young mothers and their children.

Grantmaking

In 2024, the foundation made 60 grants totaling $139,750. Grants ranged from $500 to $16,000, with a median of $1,000. Among the largest were $16,000 to the University of Montana for an athletic service fund educational scholarship; $14,000 to the Loving Loic Foundation for PKAN gene therapy development; $14,000 to the University of Montana College of Business for a dean’s impact scholarship; and $10,000 each to Greater Missoula Family YMCA for renovations and Montana Meth Project for operating expenses.

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Geographic Focus

Where this funder awards grants

In 2024, 98% of grant dollars went to recipients in Montana, 2% to recipients in Nebraska, and 0% to recipients in Virginia.

Grant Distribution by State

3states

Share of all 60 itemized 2024 grant dollars.

Cities

MissoulaHamiltonStromsburgGreat FallsFlorenceHungry HorseStevensvilleBozemanMerrifieldPabloPolson

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K54 grants202055 grants202162 grants202259 grants202360 grants2024

From 2020 to 2024, annual grant giving ranged from $126K (2021) to $173K (2023). In 2024 it made 60 grants totaling $140K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

University of Montana: $31K across 3 grantsUniversity of Montana$31K · 3 grantsLoving Loic Foundation: $14KLoving Loic Foundation$14KGreater Missoula Family YMCA: $10KGreater Missoula Family YMCA$10KMontana Meth Project: $10KMontana Meth Project$10KChristian Life Center: $7KChristian Life Center$7KBig Brothers Big Sisters: $4KBig Brothers Big Sisters$4KDaly Mansion: $4KDaly Mansion$4KHumane Society: $3KHumane Society$3KMissoula Aging Services: $3KMissoula Aging Services$3KMontana Natural History Center: $3KMontana Natural History Center$3K

The largest 2024 recipient was University of Montana ($31K across 3 grants). Together the top 10 received $88K.

Grant Size Distribution

290 grants across all recorded years

290<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 290 grants of 290 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
University of Montana Missoula, MTAthletic Service Fund - Educational Scholarship$16,000
Loving Loic Foundation Bozeman, MTHelp Fund Pkan Gene Therapy Development.$14,000
University of Montana Missoula, MTUniversity of Montana - college of business dean's impact scholarship$14,000
Greater Missoula Family YMCA Missoula, MTRenovate Existing Russell Street Campus$10,000
Montana Meth Project Missoula, MTOperating Expenses$10,000
Christian Life Center Missoula, MTOperating Expenses$6,500
Big Brothers Big Sisters Missoula, MTGeneral Operations$4,000
Daly Mansion Hamilton, MTOperating Expenses$4,000
Humane Society Missoula, MTAccess to basic medical and behavioral services for pets.$3,000
Missoula Aging Services Missoula, MTMeals on Wheels Program$3,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grant total Grants
2024 $3,250,979 $275,467 $252,387 $139,750 60
2023 $3,234,069 $225,154 $270,956 $172,500 59
2022 $3,286,649 $177,627 $266,489 $165,576 62
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K20202021202220232024
Metric202420232022
Total Assets$3,250,979$3,234,069$3,286,649
Revenue$275,467$225,154$177,627
Expenses$252,387$270,956$266,489
Qualifying Distributions$173,274$201,003$191,605
Net Investment Income$206,396$161,703$118,383
Distributable Amount$181,760$171,880$177,402

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists David B. Cotner as president, Annette Gustafson as vice president, and Kurt Ingold as secretary/treasurer.

Max and Betty Swanson Foundation is led by David B. Cotner, President since 2024 (on filings since 2020); all 3 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • David B. Cotner

    President

    Secretary & Treasurer → Vice President, 2023

    Vice President → President, 2024

    On filings since 2020

    1 hr/week

    $7K (2020) → $8K (2024)

  • Kurt Ingold

    Secretary & Treasurer

    Vice President → President, 2023

    President → Secretary & Treasurer, 2024

    On filings since 2020

    1 hr/week

    $7K (2020) → $8K (2024)

  • Annette Gustafson

    Vice President

    President → Secretary & Treasurer, 2023

    Secretary & Treasurer → Vice President, 2024

    On filings since 2022

    1 hr/week

    $7K (2022) → $8K (2024)

Former officers (1)
  • Former: Clifford Gustafson (2020–2021) — Secretary & 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.

Compensation Overview

From 2024 IRS filing

David B Cotner — President: $8KDavid B CotnerPresident$8KAnnette Gustafson — Vice President: $8KAnnette GustafsonVice President$8KKurt Ingold — Secretary/Treasurer: $8KKurt IngoldSecretary/Treasurer$8K

The highest reported compensation on the 2024 filing was $8K, to David B Cotner (President). 3 officers or directors reported compensation on that filing.

Contact

Mailing address: 321 W Broadway Suite 500, Missoula, MT 59802
Phone: (406) 541-1111

Frequently asked questions about Max and Betty Swanson Foundation

How much does Max and Betty Swanson Foundation give each year?

Max and Betty Swanson Foundation gave $140K across 60 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $173K across 59 grants.

What is Max and Betty Swanson Foundation's typical grant size?

Max and Betty Swanson Foundation's median grant in 2024 was $1,000, and its average grant was $2,329, across 60 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Max and Betty Swanson Foundation that year got $3K on average.

Where does Max and Betty Swanson Foundation give grants?

Max and Betty Swanson Foundation gives mostly in Montana: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Missoula, MT (51 grants) and Hamilton, MT (2 grants).

Does Max and Betty Swanson Foundation give general operating support?

Yes: 53% of Max and Betty Swanson Foundation's 2024 grants with a stated purpose (32 of 60) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Max and Betty Swanson Foundation's largest grantees?

Max and Betty Swanson Foundation's largest 2024 grantees include University of Montana ($30,500 across 3 grants), Loving Loic Foundation ($14,000) and Greater Missoula Family YMCA ($10,000), according to its 2024 IRS Form 990-PF. Together they received 39% of its itemized 2024 grant dollars.

How large is Max and Betty Swanson Foundation?

Max and Betty Swanson Foundation reported $3.3M in total assets on its 2024 IRS Form 990-PF. It paid out $173K in qualifying distributions that year, against a required minimum of $182K (roughly 5% of its investment assets).

What does Max and Betty Swanson Foundation fund?

No mission statement for the foundation is provided. Its 2024 grants include support for scholarships, operating expenses, youth and family services, health-related work, and education about nature and the environment. See mission & focus areas ↑

How do I apply for a grant from Max and Betty Swanson Foundation?

In 2024, the foundation made 60 grants totaling $139,750. Grants ranged from $500 to $16,000, with a median of $1,000.

What is Max and Betty Swanson Foundation's EIN?

Max and Betty Swanson Foundation's EIN (Employer Identification Number) is 81-0535708. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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