Mortenson Company Foundation
Mortenson Company Foundation is a private foundation based in Wilmington, Delaware. Its 2024 filing reports grants to charitable organizations, including organizations working in education, health, home and community revitalization, and workforce development.
Mortenson Company Foundation at a glance
In short: Mortenson Company Foundation gave $550K across 25 grants in 2024 (avg $22K), top state Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $550,000
- +34.1% vs 2023
- Grants made (2024)
- 25
- +19.0% vs 2023
- Average grant
- $22,000
- +12.7% vs 2023
- Median grant
- $20,000
- Total assets
- $22,628,484
- +47.0% vs 2023
- Primary geography
- Minnesota (22% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Mortenson Company Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Mortenson Company Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Rainier Scholars ($50K). Together the top 10 received $330K.
Grant Size Distribution
55 grants across all recorded years
The most common grant size was under $50K: 50 grants of 55 (91%).
Geographic Focus
Where this funder awards grants
The 2024 grant dollars were concentrated in Minnesota (22%), Wisconsin (14%), Colorado (10%), Arizona (9%), and Washington (9%). Grants also went to organizations in other states, including Illinois and the District of Columbia.
Grant Distribution by State
Share of 2024 grant dollars across all 25 itemized grants.
States
Cities
How Mortenson Company Foundation gives
- 38% of 2024 grantees were also funded in 2023. Method
- Giving grew 817% from 2021 to 2024. Method
- In 2024 it paid out 76% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $60K (2021) to $550K (2024). In 2024 it made 25 grants totaling $550K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rainier Scholars Seattle, WA | General & Unrestricted | $50,000 |
| The Medical College of Wisconsin Inc Milwaukee, WI | General & Unrestricted | $50,000 |
| Catholic Health Initiatives Colorado Foundation Centennial, CO | General & Unrestricted | $30,000 |
| Rebuilding Together Inc Washington, DC | General & Unrestricted | $30,000 |
| Banner Health Foundation Phoenix, AZ | General & Unrestricted | $25,000 |
| Chicago Women in Trades Chicago, IL | General & Unrestricted | $25,000 |
| Dress for Success Twin Cities Saint Paul, MN | General & Unrestricted | $25,000 |
| Junior Achievement USA Saint Paul, MN | General & Unrestricted | $25,000 |
| Operation Fresh Start Inc Madison, WI | General & Unrestricted | $25,000 |
| Rocky Mountain Adventist Healthcare Foundation Denver, CO | General & Unrestricted | $25,000 |
Ready to take the next step with Mortenson Company Foundation?
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 | $22,628,484 | $7,865,766 | $634,256 | $550,000 | 25 | $595,358 | $2,875,750 | $780,958 |
| 2023 | $15,396,974 | $5,041,986 | $466,265 | $410,000 | 21 | $447,024 | $587,487 | $580,173 |
| 2022 | $10,821,253 | $2,566,612 | $264,718 | $195,000 | 7 | $226,118 | $907,618 | $406,848 |
| 2021 | $8,519,359 | $4,579,862 | $102,072 | $60,000 | 2 | $84,597 | $3,062,919 | $200,834 |
| 2020 | $4,041,569 | $2,638,470 | $31,868 | — | — | — | $710,163 | $78,453 |
Under IRS private-foundation payout rules, Mortenson Company Foundation reported a distributable amount of $781K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No foundation mission is stated in the available information. The grantees’ own descriptions show the range of organizations supported: Rainier Scholars says it cultivates the academic potential and leadership skills of underrepresented students; The Medical College of Wisconsin describes itself as a leader in educating and developing physicians; and Rebuilding Together says it repairs homes and strengthens communities. Other 2024 grantees describe work in health care, hands-on engineering education for children, youth employment training, and increasing women’s participation in skilled trades.
Grantmaking
In 2024, the foundation reported 25 grants totaling $550,000. Grants ranged from $10,000 to $50,000, with a median of $20,000. Notable grants included $50,000 each to Rainier Scholars in Seattle, Washington, and The Medical College of Wisconsin in Milwaukee, Wisconsin; $30,000 to Catholic Health Initiatives Colorado Foundation in Centennial, Colorado, and Rebuilding Together in Washington, D.C.; and $25,000 each to Banner Health Foundation in Phoenix, Arizona, The Works in Bloomington, Minnesota, Operation Fresh Start in Madison, Wisconsin, and Chicago Women in Trades in Chicago, Illinois.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Derek Cunz (director and secretary), Dan Johnson (director and president), Lois Martin (treasurer and director), David Mortenson (director), Mark Mortenson (director and secretary), and Maja Rosenquist (director).
Mortenson Company Foundation is led by Dan Johnson, Director & President on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Dan Johnson
Director & President
On filings since 2020
1 hr/week
No compensation reported
David Mortenson
Director
On filings since 2020
1 hr/week
No compensation reported
Lois Martin
Treasurer & Director
On filings since 2020
1 hr/week
No compensation reported
Mark Mortenson
Director & Secretary
On filings since 2020
1 hr/week
No compensation reported
Derek Cunz
Director & Secretary
Director → Director & Secretary, 2024
On filings since 2022
1 hr/week
No compensation reported
Maja Rosenquist
Director
On filings since 2022
1 hr/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 Mortenson Company Foundation
How much does Mortenson Company Foundation give each year?
Mortenson Company Foundation gave $550K across 25 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $410K across 21 grants.
What is Mortenson Company Foundation's typical grant size?
Mortenson Company Foundation's median grant in 2024 was $20,000, and its average grant was $22,000, across 25 grants on its 2024 IRS Form 990-PF.
Where does Mortenson Company Foundation give grants?
Mortenson Company Foundation's top state is Minnesota, with 22% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Wisconsin (14%) and Colorado (10%). The most frequent recipient cities were Nashville, TN (3 grants), Saint Paul, MN (2 grants), Washington, DC (2 grants) and Portland, OR (2 grants).
Does Mortenson Company Foundation give general operating support?
Yes: 92% of Mortenson Company Foundation's 2024 grants with a stated purpose (23 of 25) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Mortenson Company Foundation's largest grantees?
Mortenson Company Foundation's largest 2024 grantees include Rainier Scholars ($50,000), Rebuilding Together Inc ($50,000 across 2 grants) and The Medical College of Wisconsin Inc ($50,000), according to its 2024 IRS Form 990-PF. Together they received 27% of its itemized 2024 grant dollars.
How large is Mortenson Company Foundation?
Mortenson Company Foundation reported $22.6M in total assets on its 2024 IRS Form 990-PF. It paid out $595K in qualifying distributions that year, against a required minimum of $781K (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 does Mortenson Company Foundation fund?
No foundation mission is stated in the available information. See mission & focus areas ↑
How do I apply for a grant from Mortenson Company Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Mortenson Company Foundation's EIN?
Mortenson Company Foundation's EIN (Employer Identification Number) is 83-2430576. IRS Form 990 filing data is available on this page for 2020–2024.
Does Mortenson Company Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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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Cite this profile
Grantable. (2026). Mortenson Company Foundation funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/mortenson-company-foundation-morg_05822e3d5ec94ad49f58963dc3aba7d9
BibTeX
@misc{grantable_832430576_2026,
author = {{Grantable}},
title = {{Mortenson Company Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/mortenson-company-foundation-morg_05822e3d5ec94ad49f58963dc3aba7d9},
note = {Accessed 2026-10-10. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Mortenson Company Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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