Microcredit Foundation Inc

MINNETONKA, MN EIN: 75-3146348

International, Foreign Affairs & National Security

Microcredit Foundation Inc is a private foundation focused on International, Foreign Affairs & National Security, based in MINNETONKA, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $312K in total assets. In 2024, it awarded 1 grants totaling $11K. Net investment income was $16K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$312K

-1.7% YoY

Annual Giving

$11K

-20.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$11K

-20.6% YoY

Under IRS private-foundation payout rules, Microcredit Foundation Inc reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.

About Microcredit Foundation Inc

Based on IRS filings

Focus Areas

International, Foreign Affairs & National Security

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Minnesota $25K (100%)

States

Minnesota

Cities

Saint Paul

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$311,820	$317,148	$379,552
Revenue	$16,198	$14,972	$3,364
Expenses	$20,901	$31,018	$2,446
Qualifying Distributions	$20,535	$30,876	$2,151
Net Investment Income	$16,082	$14,830	$3,069
Distributable Amount	$15,627	$17,992	$16,010

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Catholic Community Foundation ($11,000).

Recipient	Purpose	Amount
CATHOLIC COMMUNITY FOUNDATION SAINT PAUL, MN	MGR FUND #40732A	$11,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MICHAEL G RAUENHORST	V PRESIDENT/SECRETARY	0.5	—
ASAD MAHMOOD	DIRECTOR	0.1	—
STEPHEN J MCCARTHY	DIRECTOR	0.1	—

Subject Areas

Focus areas based on grantmaking activity

International, Foreign Affairs & National Security

Frequently Asked Questions

What is Microcredit Foundation Inc?

Microcredit Foundation Inc is a private foundation focused on International, Foreign Affairs & National Security, based in MINNETONKA, MN. It holds $312K in total assets as of 2024.

How large is Microcredit Foundation Inc?

As of 2024, Microcredit Foundation Inc holds $312K in total assets with $16K in annual revenue. It awarded 1 grants totaling $11K in 2024.

Where does Microcredit Foundation Inc operate?

Microcredit Foundation Inc has awarded grants in Minnesota.

What size grants does Microcredit Foundation Inc award?

In 2024, Microcredit Foundation Inc awarded 1 grants totaling $11K — an average of about $11K per grant, based on its IRS Form 990 filings.

How much is Microcredit Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Microcredit Foundation Inc reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.