Max and Betty Swanson Foundation
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.
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
Share of all 60 itemized 2024 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
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
The most common grant size was under $50K: 290 grants of 290 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Montana Missoula, MT | Athletic Service Fund - Educational Scholarship | $16,000 |
| Loving Loic Foundation Bozeman, MT | Help Fund Pkan Gene Therapy Development. | $14,000 |
| University of Montana Missoula, MT | University of Montana - college of business dean's impact scholarship | $14,000 |
| Greater Missoula Family YMCA Missoula, MT | Renovate Existing Russell Street Campus | $10,000 |
| Montana Meth Project Missoula, MT | Operating Expenses | $10,000 |
| Christian Life Center Missoula, MT | Operating Expenses | $6,500 |
| Big Brothers Big Sisters Missoula, MT | General Operations | $4,000 |
| Daly Mansion Hamilton, MT | Operating Expenses | $4,000 |
| Humane Society Missoula, MT | Access to basic medical and behavioral services for pets. | $3,000 |
| Missoula Aging Services Missoula, MT | Meals 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 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
- 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
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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