Mildred E Swanson Foundation
Mildred E Swanson Foundation is a private foundation, based in Pennington, NJ. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $3.5M in total assets. In 2024, it awarded 4 grants totaling $160K. Net investment income was $152K.
Key facts about Mildred E Swanson Foundation
- EIN
- 30-6083649
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $160,000
- Grants made (2024)
- 4
- Average grant
- $40,000
- Median grant
- $40,000
- Total assets
- $3,473,571
- Primary geography
- Michigan (81% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Mildred E Swanson Foundation funds
By grant dollars, the top recipient states for Mildred E Swanson Foundation's 4 itemized 2024 grants were Michigan (81%) and New York (19%). 100% of grants with a stated purpose were for general or operating support.
How Mildred E Swanson Foundation gives
- Giving held roughly steady from 2021 to 2024 (−4%). Method
- In 2024 it paid out 99% 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.
Next steps with Mildred E Swanson Foundation
- How to evaluate Mildred E Swanson Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.5M
-1.1% YoY
Annual Giving
$160K
+14.3% YoY
Grant Count
4
-33.3% YoY
Avg Grant Size
$40K
+71.4% YoY
Under IRS private-foundation payout rules, Mildred E Swanson Foundation reported a distributable amount of $195K for 2024 — the minimum it must pay out in qualifying distributions.
About Mildred E Swanson Foundation
Based on IRS filings
Mildred E Swanson Foundation is a private foundation, based in Pennington, NJ. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $3.5M in total assets. In 2024, it awarded 4 grants totaling $160K. Net investment income was $152K.
Ready to take the next step with Mildred E Swanson Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 4 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,473,571 | $3,513,790 | $3,510,131 |
| Revenue | $177,065 | $203,079 | $316,417 |
| Expenses | $217,253 | $199,157 | $219,908 |
| Qualifying Distributions | $192,274 | $170,992 | $186,515 |
| Net Investment Income | $152,439 | $176,975 | $290,301 |
| Distributable Amount | $195,176 | $177,238 | $182,518 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
36 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include McLaren Flint Foundation ($50,000), Eastern Michigan University Foundation ($50,000), Michael J Fox Foundation for Parkinsons ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MCLAREN FLINT FOUNDATION Flint, MI | GENERAL OPERATING | $50,000 |
| EASTERN MICHIGAN UNIVERSITY FOUNDATION Ypsilanti, MI | GENERAL OPERATING | $50,000 |
| MICHAEL J FOX FOUNDATION FOR PARKINSONS New York, NY | GENERAL OPERATING | $30,000 |
| MID MICHIGAN COLLEGE FOUNDATION Harrison, MI | GENERAL OPERATING | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael Gisecke | Advisor | 1 | $2,000 |
| Richard Northrup III | Advisor | 1 | $2,000 |
| Erika Jackson | Advisor | 1 | $2,000 |
| Bank of America N a | Trustee | 2 | $47,790 |
Frequently Asked Questions
How large is Mildred E Swanson Foundation?
As of 2024, Mildred E Swanson Foundation holds $3.5M in total assets with $177K in annual revenue. It awarded 4 grants totaling $160K in 2024.
Where does Mildred E Swanson Foundation operate?
Mildred E Swanson Foundation has awarded grants in Illinois, Indiana, Michigan, New York, Ohio, Texas.
What size grants does Mildred E Swanson Foundation award?
In 2024, Mildred E Swanson Foundation awarded 4 grants totaling $160K — an average of about $40K per grant, based on its IRS Form 990 filings.
How much is Mildred E Swanson Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mildred E Swanson Foundation reported a distributable amount of $195K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mildred E Swanson Foundation's EIN?
Mildred E Swanson Foundation's EIN (Employer Identification Number) is 30-6083649. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.