Mortenson Company Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $22.6M in total assets. In 2024, it awarded 25 grants totaling $550K. Net investment income was $2.9M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$22.6M
+47.0% YoY
Annual Giving
$550K
+34.1% YoY
Grant Count
25
+19.0% YoY
Avg Grant Size
$22K
+12.7% YoY
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.
About Mortenson Company Foundation
Based on IRS filings
Mortenson Company Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $22.6M in total assets. In 2024, it awarded 25 grants totaling $550K. Net investment income was $2.9M.
Focus Areas
Ready to take the next step with Mortenson Company Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $22,628,484 | $15,396,974 | $10,821,253 |
| Revenue | $7,865,766 | $5,041,986 | $2,566,612 |
| Expenses | $634,256 | $466,265 | $264,718 |
| Qualifying Distributions | $595,358 | $447,024 | $226,118 |
| Net Investment Income | $2,875,750 | $587,487 | $907,618 |
| Distributable Amount | $780,958 | $580,173 | $406,848 |
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
55 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Rainier Scholars ($50,000), The Medical College of Wisconsin Inc ($50,000), Catholic Health Initiatives Colorado Foundation ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 4 13 STRONG INC NASHVILLE, TN | General & Unrestricted | $20,000 |
| ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI COTTONWOOD HEIGHTS, UT | General & Unrestricted | $15,000 |
| BANNER HEALTH FOUNDATION PHOENIX, AZ | General & Unrestricted | $25,000 |
| CATHOLIC HEALTH INITIATIVES COLORADO FOUNDATION CENTENNIAL, CO | General & Unrestricted | $30,000 |
| CHICAGO WOMEN IN TRADES CHICAGO, IL | General & Unrestricted | $25,000 |
| CONSTRUCTING HOPE PRE- APPRENTICESHIP PROGRAM PORTLAND, OR | General & Unrestricted | $20,000 |
| CROSSBRIDGE INC NASHVILLE, TN | General & Unrestricted | $10,000 |
| DRESS FOR SUCCESS TWIN CITIES SAINT PAUL, MN | General & Unrestricted | $25,000 |
| EDGEHILL NEIGHBORHOOD PARTNERSHIP NASHVILLE, TN | General & Unrestricted | $15,000 |
| FOLDS OF HONOR FOUNDATION WAYZATA, MN | General & Unrestricted | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Derek Cunz | Dir, Sec | 1 | — |
| Dan Johnson | Dir, Pres | 1 | — |
| Lois Martin | Treas, Dir | 1 | — |
| David Mortenson | Dir | 1 | — |
| Mark Mortenson | Dir, Sec | 1 | — |
| Maja Rosenquist | Dir | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mortenson Company Foundation?
Mortenson Company Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $22.6M in total assets as of 2024.
How large is Mortenson Company Foundation?
As of 2024, Mortenson Company Foundation holds $22.6M in total assets with $7.9M in annual revenue. It awarded 25 grants totaling $550K in 2024.
Where does Mortenson Company Foundation operate?
Mortenson Company Foundation has awarded grants in Arizona, California, Colorado, District of Columbia, Illinois, Maine, Minnesota, Oregon, Tennessee, Utah, Washington, Wisconsin.
What size grants does Mortenson Company Foundation award?
In 2024, Mortenson Company Foundation awarded 25 grants totaling $550K — an average of about $22K per grant, based on its IRS Form 990 filings.
How much is Mortenson Company Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mortenson Company Foundation reported a distributable amount of $781K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Mortenson Company Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Ttee Trustees of Univ of Mass - Art 5
WILMINGTON, DE
Assets
$380K
Grants
1
Total Given
$14K
The Jonsson Foundation
WILMINGTON, DE
Assets
$784K
Grants
3
Total Given
$15K
The Cucci Family Foundation
WILMINGTON, DE
Assets
$579K
Grants
4
Total Given
$45K
Westly Foundation
WILMINGTON, DE
Assets
$4.1M
Grants
55
Total Given
$1.2M
Scott and Jessica McClintock Foundation
WILMINGTON, DE
Assets
$8.9M
Grants
22
Total Given
$392K
The John C Griswold Family Foundation
WILMINGTON, DE
Assets
$13.4M
Grants
68
Total Given
$534K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Mortenson Company Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Mortenson Company Foundation to a real strategy.