Microcredit Foundation Inc
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 grant totaling $11K. Net investment income was $16K.
Microcredit Foundation Inc at a glance
In short: Microcredit Foundation Inc gave $11K across 1 grant in 2024 (avg $11K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $11,000
- -20.6% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $11,000
- -20.6% vs 2023
- Median grant
- $11,000
- Total assets
- $311,820
- -1.7% 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 September 2026.
Who Microcredit Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Catholic Community Foundation ($11K).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Microcredit Foundation Inc gives
- In 2024 it paid out 131% 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 2023 to 2024, annual grant giving ranged from $11K (2024) to $14K (2023). In 2024 it made 1 grant totaling $11K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Catholic Community Foundation Saint Paul, MN | MGR Fund #40732A | $11,000 |
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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 | $311,820 | $16,198 | $20,901 | $11,000 | 1 | $20,535 | $16,082 | $15,627 |
| 2023 | $317,148 | $14,972 | $31,018 | $13,859 | 1 | $30,876 | $14,830 | $17,992 |
| 2022 | $379,552 | $3,364 | $2,446 | — | — | $2,151 | $3,069 | $16,010 |
| 2021 | $378,634 | $32 | $4,102 | — | — | — | $32 | — |
| 2020 | $390,195 | $1,705 | $13,002 | — | — | — | $1,705 | — |
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.
Leadership & Key People
Officers and directors from IRS filings
Microcredit Foundation Inc is led by Michael G. Rauenhorst, V President & Secretary on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael G. Rauenhorst
V President & Secretary
On filings since 2020
0.5 hrs/week
No compensation reported
Asad Mahmood
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Stephen J. McCarthy
Director
On filings since 2020
0.1 hrs/week
No compensation reported
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 Microcredit Foundation Inc
How much does Microcredit Foundation Inc give each year?
Microcredit Foundation Inc gave $11K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $14K across 1 grant.
How large is Microcredit Foundation Inc?
Microcredit Foundation Inc reported $312K in total assets on its 2024 IRS Form 990-PF. It paid out $21K in qualifying distributions that year, against a required minimum of $16K (roughly 5% of its investment assets).
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.
Where does Microcredit Foundation Inc operate?
Microcredit Foundation Inc has awarded grants in Minnesota.
What is Microcredit Foundation Inc's EIN?
Microcredit Foundation Inc's EIN (Employer Identification Number) is 75-3146348. 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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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