Phil and Milla Isaacson Charitable
Phil and Milla Isaacson Charitable is a private foundation, based in Chanhassen, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $260K in total assets. In 2024, it awarded 4 grants totaling $54K. Net investment income was $7K.
Key facts about Phil and Milla Isaacson Charitable
- EIN
- 46-4345795
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $54,000
- Grants made (2024)
- 4
- Average grant
- $13,500
- Median grant
- $16,000
- Total assets
- $260,248
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Phil and Milla Isaacson Charitable funds
By grant dollars, the top recipient states for Phil and Milla Isaacson Charitable's 4 itemized 2024 grants were Minnesota (100%). The most frequent recipient cities were Minneapolis, MN (2 grants) and St Paul, MN (2 grants). 100% of grants with a stated purpose were for general or operating support.
How Phil and Milla Isaacson Charitable gives
- Giving grew 48% from 2021 to 2024. Method
- In 2024 it paid out 424% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Phil and Milla Isaacson Charitable
- How to evaluate Phil and Milla Isaacson Charitable as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$260K
+4.4% YoY
Annual Giving
$54K
+9.1% YoY
Grant Count
4
-20.0% YoY
Avg Grant Size
$14K
+36.4% YoY
Under IRS private-foundation payout rules, Phil and Milla Isaacson Charitable reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.
About Phil and Milla Isaacson Charitable
Based on IRS filings
Phil and Milla Isaacson Charitable is a private foundation, based in Chanhassen, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $260K in total assets. In 2024, it awarded 4 grants totaling $54K. Net investment income was $7K.
Ready to take the next step with Phil and Milla Isaacson Charitable?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 4 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $260,248 | $249,238 | $248,409 |
| Revenue | $67,360 | $33,878 | $4,313 |
| Expenses | $55,004 | $56,346 | $10,159 |
| Qualifying Distributions | $54,000 | $52,850 | $10,038 |
| Net Investment Income | $7,333 | $382 | $4,192 |
| Distributable Amount | $12,730 | $13,591 | $14,082 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include The Minnesota Opera ($21,000), Minnesota Orchestral Association ($20,000), MN Public Radio ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE MINNESOTA OPERA Minneapolis, MN | GENERAL SUPPORT | $21,000 |
| MINNESOTA ORCHESTRAL ASSOCIATION Minneapolis, MN | GENERAL SUPPORT | $20,000 |
| MN PUBLIC RADIO St Paul, MN | GENERAL SUPPORT | $12,000 |
| HABITAT FOR HUMANITY St Paul, MN | GENERAL SUPPORT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Philip Isaacson | Director | 1 | — |
| Ludmilla Isaacson | Director | 1 | — |
Frequently Asked Questions
How large is Phil and Milla Isaacson Charitable?
As of 2024, Phil and Milla Isaacson Charitable holds $260K in total assets with $67K in annual revenue. It awarded 4 grants totaling $54K in 2024.
Where does Phil and Milla Isaacson Charitable operate?
Phil and Milla Isaacson Charitable has awarded grants in Minnesota.
What size grants does Phil and Milla Isaacson Charitable award?
In 2024, Phil and Milla Isaacson Charitable awarded 4 grants totaling $54K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Phil and Milla Isaacson Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Phil and Milla Isaacson Charitable reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Phil and Milla Isaacson Charitable's EIN?
Phil and Milla Isaacson Charitable's EIN (Employer Identification Number) is 46-4345795. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.