Minnesota Colon and Rectal Foundation
Minnesota Colon and Rectal Foundation is a private foundation focused on Medical Research, based in Edina, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $4.0M in total assets. In 2025, it awarded 8 grants totaling $142K. Net investment income was $236K.
Minnesota Colon and Rectal Foundation at a glance
In short: Minnesota Colon and Rectal Foundation gave $142K across 8 grants in 2025 (avg $18K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $141,825
- +14.3% vs 2024
- Grants made (2025)
- 8
- +166.7% vs 2024
- Average grant
- $17,728
- -57.1% vs 2024
- Median grant
- $12,413
- Total assets
- $3,993,347
- +2.4% vs 2024
- Primary geography
- Minnesota (91% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Minnesota Colon and Rectal Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Angel Foundation ($50K). Together the top 6 received $130K.
Organizations only. It also paid 1 grant to individuals ($12,325), which are not listed by name.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 20 grants of 24 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Minnesota Colon and Rectal Foundation gives
- Giving held roughly steady from 2022 to 2025 (−17%). Method
- In 2025 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
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $2K (2021) to $181K (2023). In 2025 it made 8 grants totaling $142K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Angel Foundation Mendota Heights, MN | General | $50,000 |
| University of Minnesota Foundation Minneapolis, MN | Education | $22,000 |
| Hennepin Healthcare Foundation Minneapolis, MN | Education | $20,000 |
| Research Foundation Ascrs Bannockburn, IL | Research | $12,500 |
| 1 grant to individuals Recipients not named | — | $12,325 |
| Randy Shaver Cancer Research Community Fund Minnetonka, MN | Research | $10,000 |
| University of Minnesota Foundation Minneapolis, MN | Research | $10,000 |
| Crohn's & Colitis Foundation Minnesotadakotas Chapter St. Paul, MN | General | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,993,347 | $431,117 | $246,505 | $141,825 | 8 | $186,233 | $236,488 | $196,562 |
| 2024 | $3,897,963 | $317,272 | $328,985 | $124,100 | 3 | $159,330 | $245,582 | $181,427 |
| 2023 | $3,619,145 | $176,334 | $256,982 | $181,000 | 5 | $207,925 | $116,550 | $174,788 |
| 2022 | $3,527,562 | $286,705 | $237,461 | $170,000 | 7 | $192,952 | $241,929 | $198,469 |
| 2021 | $4,104,480 | $233,782 | $56,261 | $1,500 | 1 | — | $179,247 | $185,126 |
| 2020 | $3,399,913 | $56,575 | $53,703 | — | — | — | $47,170 | — |
| 2019 | $3,193,569 | $186,603 | $64,892 | — | — | — | $96,524 | — |
Under IRS private-foundation payout rules, Minnesota Colon and Rectal Foundation reported a distributable amount of $197K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Minnesota Colon and Rectal Foundation is led by Michael Spencer, President since 2024 (on filings since 2019); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael Spencer
President
President → Chairman & CEO, 2023
Chairman & CEO → President, 2024
On filings since 2019
1 hr/week
No compensation reported
Stanley Goldberg
Director
Board Member → Director, 2021
On filings since 2019
0.2 hrs/week
No compensation reported
Christopher Chow
Director
On filings since 2022
0.2 hrs/week
No compensation reported
Mark Sun
Secretary & Treasurer
Secretary → Secretary & Treasurer, 2021
On filings since 2019
0.5 hrs/week
No compensation reported
Former officers (3)
- Former: Kerry Mraz (2019–2021) — Director
- Former: Dave Willis (2021) — Director
- Former: David Willis (2019–2020) — Board Member
Data from IRS Form 990 filings, 2019–2025. "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 Minnesota Colon and Rectal Foundation
How much does Minnesota Colon and Rectal Foundation give each year?
Minnesota Colon and Rectal Foundation gave $142K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $124K across 3 grants.
What is Minnesota Colon and Rectal Foundation's typical grant size?
Minnesota Colon and Rectal Foundation's median grant in 2025 was $12,413, and its average grant was $17,728, across 8 grants on its 2025 IRS Form 990-PF.
Where does Minnesota Colon and Rectal Foundation give grants?
Minnesota Colon and Rectal Foundation gives mostly in Minnesota: 91% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Illinois (9%). The most frequent recipient cities were Minneapolis, MN (3 grants).
Does Minnesota Colon and Rectal Foundation give general operating support?
Yes: 25% of Minnesota Colon and Rectal Foundation's 2025 grants with a stated purpose (2 of 8) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Research" (4 grants).
Who are Minnesota Colon and Rectal Foundation's largest grantees?
Minnesota Colon and Rectal Foundation's largest 2025 grantees include Angel Foundation ($50,000), University of Minnesota Foundation ($32,000 across 2 grants) and Hennepin Healthcare Foundation ($20,000), according to its 2025 IRS Form 990-PF. It also paid 1 grant to individuals ($12,325), which are not listed by name. Together they received 72% of its itemized 2025 grant dollars.
How large is Minnesota Colon and Rectal Foundation?
Minnesota Colon and Rectal Foundation reported $4.0M in total assets on its 2025 IRS Form 990-PF. It paid out $186K in qualifying distributions that year, against a required minimum of $197K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Minnesota Colon and Rectal Foundation?
Minnesota Colon and Rectal Foundation is a private foundation focused on Medical Research, based in Edina, MN. It holds $4.0M in total assets as of 2025.
What is Minnesota Colon and Rectal Foundation's EIN?
Minnesota Colon and Rectal Foundation's EIN (Employer Identification Number) is 41-1697334. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 31, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 18, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 7, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2019–2024
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