Morrison Knudsen Foundation Inc
Morrison Knudsen Foundation Inc is a private foundation based in Boise, Idaho, established in 1947. The foundation operates as a 501(c)(3) charitable organization with tax-exempt status since March 1992. Located in downtown Boise's historic Zurcher Building, the foundation has maintained its reputation as a valuable community resource in the Treasure Valley region for over 75 years.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.7M
+5.2% YoY
Annual Giving
$566K
+7.4% YoY
Grant Count
13
-31.6% YoY
Avg Grant Size
$44K
+57.0% YoY
Mission & Focus Areas
The foundation's mission is to provide one-time assistance for basic necessities to individuals demonstrating appropriate need in Boise/Treasure Valley, as well as to provide a limited number of small grants to 501(c)(3)-qualified organizations.
The foundation operates two distinct giving programs:
Individual Assistance: Direct grants to needy individuals for basic necessities including rent, utilities, auto expenses, and medical expenses. The foundation approves over 250 individual applications annually. Over the past five years, the foundation has provided more than $1 million directly to assist needy individuals.
Organizational Grants: Small grants to charitable, non-profit organizations that meet specific criteria, including demonstrated program capability, sound fiscal policies, responsible financial management, and a competent Board of Directors.
Grantmaking
Grant Range
of $1,000 and a range from $100 to $518,000.
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Geographic Focus
Where this funder awards grants
The foundation primarily serves the Boise/Treasure Valley region of Idaho, where it originated. Grant-making also extends to organizations in Idaho, Virginia, and Pennsylvania, with these three states accounting for 96% of all grants.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Revenue (2024):
- Total Assets: $10,732,788
- Total Revenue: $1,257,161
- Total Expenses: $729,774
- Total Giving: $565,626
Assets and Revenue (2023):
- Total Assets: $10.2 million
- Total Revenue: $726,000
- Total Expenses: $690,000
Historical Growth: Total assets have grown from $7 million in 2011 to $10.2 million in 2023.
Liabilities: The foundation reported zero liabilities as of 2023.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,732,788 | $10,205,151 | $10,168,179 |
| Revenue | $1,257,161 | $725,950 | $1,007,665 |
| Expenses | $729,774 | $690,092 | $674,312 |
| Qualifying Distributions | $701,180 | $657,205 | $594,378 |
| Net Investment Income | $1,235,840 | $704,479 | $981,314 |
| Distributable Amount | $563,696 | $524,225 | $540,684 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
60 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board and Staff:
- Marlene Puckett: Secretary, Executive Director & Director (40 hours/week, $110,000 annual compensation)
- Mary Ann Arnold: Director
- Frank Finlayson: Director
- James McCallum: Director
- Robert Hartley: Director
- Karen L Ogden: Treasurer & Director
- Matthew Reece: Director
- Tony Sandor: Director
The foundation is governed by a board of 13 officers and trustees.
Contact Information:
- Phone: (208) 424-7622
- Fax: (208) 424-7627
- Email: info@mk-foundation.org
- Address: 102 S. 17th St., Suite 200, Boise, Idaho 83702
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mary Ann Arnold | Director | 1 | — |
| Frank Finlayson | Director | 1 | — |
| James McCallum | Director | 1 | — |
| Marlene Puckett | Secretary, Exec. Director & Director | 40 | $110,000 |
| Robert Hartley | Director | 1 | — |
| Karen L Ogden | Treasurer & Director | 3 | — |
| Matthew Reece | Director | 1 | — |
| Tony Sandor | Director | 1 | — |
| Russel Strong | Director | 1 | — |
| Doug Teater | Director | 1 | — |
| Anne Veigel | Director | 1 | — |
| James Wagner | President & Director | 1 | — |
| Dawn Yantek | Director | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation continues to actively support community initiatives in the Boise area. Recent examples of assistance include funding for service dogs to help individuals with disabilities, medication and housing support for families in crisis, communication devices for individuals with cerebral palsy, mobility equipment for disabled individuals, and end-of-life comfort care for terminally ill patients.
The foundation maintains an active website and regularly updates information about its programs and community involvement. It welcomes inquiries from potential applicants and community partners seeking to understand how the foundation can assist with their needs.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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