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.
Phil and Milla Isaacson Charitable at a glance
In short: Phil and Milla Isaacson Charitable gave $54K across 4 grants in 2024 (avg $14K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $54,000
- +9.1% vs 2023
- Grants made (2024)
- 4
- -20.0% vs 2023
- Average grant
- $13,500
- +36.4% vs 2023
- Median grant
- $16,000
- Total assets
- $260,248
- +4.4% vs 2023
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Phil and Milla Isaacson Charitable funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was The Minnesota Opera ($21K). Together the top 4 received $54K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 17 grants of 17 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $10K (2022) to $54K (2024). In 2024 it made 4 grants totaling $54K.
Grants by year
Grant recipients and amounts by year
| 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 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $260,248 | $67,360 | $55,004 | $54,000 | 4 | $54,000 | $7,333 | $12,730 |
| 2023 | $249,238 | $33,878 | $56,346 | $49,500 | 5 | $52,850 | $382 | $13,591 |
| 2022 | $248,409 | $4,313 | $10,159 | $10,000 | 2 | $10,038 | $4,192 | $14,082 |
| 2021 | $356,339 | $9,125 | $39,773 | $36,500 | 4 | $39,773 | $4,226 | $27,220 |
| 2020 | $536,741 | $38,643 | $23,572 | $22,000 | 2 | — | $2,252 | $29,260 |
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.
Leadership & Key People
Officers and directors from IRS filings
Phil and Milla Isaacson Charitable's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Ludmilla Isaacson
Director
On filings since 2020
1 hr/week
No compensation reported
Philip Isaacson
Director
On filings since 2020
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 Phil and Milla Isaacson Charitable
How much does Phil and Milla Isaacson Charitable give each year?
Phil and Milla Isaacson Charitable gave $54K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $50K across 5 grants.
What is Phil and Milla Isaacson Charitable's typical grant size?
Phil and Milla Isaacson Charitable's median grant in 2024 was $16,000, and its average grant was $13,500, across 4 grants on its 2024 IRS Form 990-PF.
Where does Phil and Milla Isaacson Charitable give grants?
Phil and Milla Isaacson Charitable gives mostly in Minnesota: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Minneapolis, MN (2 grants) and St. Paul, MN (2 grants).
Does Phil and Milla Isaacson Charitable give general operating support?
Yes: 100% of Phil and Milla Isaacson Charitable's 2024 grants with a stated purpose (4 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Phil and Milla Isaacson Charitable?
Phil and Milla Isaacson Charitable reported $260K in total assets on its 2024 IRS Form 990-PF. It paid out $54K in qualifying distributions that year, against a required minimum of $13K (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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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