RBC Foundation - USA
RBC Foundation - USA is a private foundation based in Minneapolis, Minnesota. It supports nonprofit organizations working to improve quality of life in communities where RBC does business, with giving aligned to skills for a thriving future, inclusive prosperity, and the transition to a net-zero economy.
Key facts about RBC Foundation - USA
In short: RBC Foundation - USA gave $12.2M across 8 grants in 2024 (avg $1.5M), mostly in Minnesota. Source: 2024 IRS Form 990 filing.
- EIN
- 41-6030639
- Latest 990 filing
- Form 990 filing, 2024
- Annual giving (2024)
- $12,193,575
- Grants made (2024)
- 8
- Average grant
- $1,524,197
- Median grant
- $430,925
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
- How to apply
- The foundation’s 2023 filing lists Martha Baumbach as the contact and directs applicants to information about forms, materials, and award restrictions in its giving guidelines. Full details ↓
- Deadline
- January 30 and June 30.
Data from IRS Form 990 filing, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990 filing · View filing
Total Assets
—
Annual Giving
$12.2M
+19.5% YoY
Grant Count
8
+0.0% YoY
Avg Grant Size
$1.5M
+19.5% YoY
How RBC Foundation - USA gives
- Giving grew 172% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Mission & Focus Areas
The foundation’s mission is to improve quality of life in the communities where it does business by supporting nonprofits that make a positive difference and have programs aligned with its funding ambitions.
Its stated priorities include equipping people with skills for a thriving future, driving more inclusive opportunities for prosperity, and supporting the transition to a net-zero economy. Its skills priority includes programs that build in-demand skills, provide work experience, and support credential building. The Minneapolis–St. Paul grant program also identifies youth programs for ages 15–29 as a priority, including work-integrated learning, skills-gap solutions, and educational opportunities. The program description also names arts and culture and youth mental well-being.
Grantmaking
In 2024, the foundation reported 8 grants totaling $12,193,575. The grants ranged from $28,725 to $9,243,600, with a median of $430,925. The largest listed distributions were Other Distributions ($9,243,600), Divisional Program ($975,000), Twin Cities Grant Program ($700,000), and Employee Gift Matching ($595,850); each was listed with a general purpose.
Review Cycle
January 30 and June 30.
Open Grants
2 open opportunities from RBC Foundation - USA
RBC Foundation Grants - Minneapolis & St. Paul Metropolitan Area
RBC Foundation - USA
Amount
Up to US $15,000
Deadline
Rolling / Open
RBC Foundation Grants - National Program (Outside the Minneapolis/St. Paul Metropolitan Area)
RBC Foundation - USA
Amount
Varies
Deadline
Rolling / Open
Ready to take the next step with RBC Foundation - USA?
Geographic Focus
Where this funder awards grants
The foundation’s stated mission concerns communities where RBC does business. Its grant programs include a Minneapolis–St. Paul Metropolitan Area program and a National Program for areas outside that metropolitan area. In 2024, all reported grant dollars went to recipients in Minnesota.
Grant Distribution by State
Share of all 8 itemized 2024 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $4.5M (2021) to $12.2M (2024). In 2024 it made 8 grants totaling $12.2M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Other Distributions ($9.2M). Together the top 8 received $12.2M.
Grant Size Distribution
39 grants across all recorded years
The most common grant size was in the $100–250K range: 13 grants of 39 (33%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Other Distributions Minneapolis, MN | General | $9,243,600 |
| Divisional Program Minneapolis, MN | General | $975,000 |
| Twin Cities Grant Program Minneapolis, MN | General | $700,000 |
| Employee Gift Matching Minneapolis, MN | General | $595,850 |
| CorporateCapital Grants Minneapolis, MN | General | $266,000 |
| Discretionary Funds Minneapolis, MN | General | $210,233 |
| EnvironmentJoint Fund Minneapolis, MN | General | $174,167 |
| United Way Branch Matching Minneapolis, MN | General | $28,725 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grant total | Grant count |
|---|---|---|
| 2024 | $12,193,575 | 8 |
| 2023 | $10,202,675 | 8 |
| 2022 | $7,033,430 | 7 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Martha Baumbach as President and Julie Allen as Senior Manager. It also lists Wally Chapman, Darryl Traweek, Pat Vaughan, Janet Becker, Erin Murphy, Cara McAdaragh, Anya Norris, and Laurie Mount as members of the Advisory Board.
RBC Foundation - USA is led by Martha Baumbach, President on every filing since 2020; none of the 14 officers listed in 2024 report compensation.
Officers on the 2024 filing
Martha Baumbach
President
On filings since 2020
No compensation reported
Julie Allen
Senior Manager
Manager → Senior Manager, 2022
On filings since 2020
No compensation reported
Shareen Luze
Advisory Board
On filings since 2020
No compensation reported
Darryl Traweek
Advisory Board
On filings since 2021
No compensation reported
Janet Becker
Advisory Board
On filings since 2021
No compensation reported
Pat Vaughan
Advisory Board
On filings since 2021
No compensation reported
Tom Sagissor
Advisory Board
On filings since 2021
No compensation reported
Wally Chapman
Advisory Board
On filings since 2021
No compensation reported
Anya Norris
Advisory Board
On filings since 2022
No compensation reported
Cara McAdaragh
Advisory Board
On filings since 2022
No compensation reported
Erin Murphy
Advisory Board
On filings since 2022
No compensation reported
Laurie Mount
Advisory Board
On filings since 2022
No compensation reported
Madeline Johnson
Advisory Board
On filings since 2023
No compensation reported
Danelle Dean
Advisory Board
New on the 2024 filing
No compensation reported
Former officers (19)
- Former: Christi Lutgen (2022–2023) — Advisory Board
- Former: James Carlisle (2022–2023) — Advisory Board
- Former: Sally Kolar (2021–2022) — Advisory Board
- Former: Nick Sandvig (2022) — Advisory Board
- Former: Kristen Kimmell (2020–2021) — Advisory Board
- Former: Shana Deuel (2020–2021) — Advisory Board
- Former: Ann Kagel (2021) — Advisory Board
- Former: Cally Schlotec (2021) — Advisory Board
- Former: Ellie Madson (2021) — Advisory Board
- Former: Kaitlin Hudlik (2021) — Advisory Board
- Former: Maren Gurung (2021) — Advisory Board
- Former: Sheena Nikolaus (2021) — Advisory Board
- Former: David Upin (2020) — Advisory Board
- Former: Jason Bowles (2020) — Advisory Board
- Former: Mark Gorius (2020) — Advisory Board
- Former: Sandy Duerre (2020) — Advisory Board
- Former: Tom Schulenberg (2020) — Advisory Board
- Former: Vikesh Nemani (2020) — Advisory Board
- Former: Warren Kelly (2020) — Advisory Board
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.
Contact
Application contact: Martha Baumbach
Mailing address: 250 Nicollet Mall Suite 1900, Minneapolis, MN 55401
Phone: (612) 219-7795
Email: martha.baumbach@rbc.com
Website: http://www.rbcwealthmanagement.com
Frequently asked questions about RBC Foundation - USA
How much does RBC Foundation - USA give each year?
RBC Foundation - USA gave $12.2M across 8 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $10.2M across 8 grants.
What is RBC Foundation - USA's typical grant size?
RBC Foundation - USA's median grant in 2024 was $430,925, and its average grant was $1,524,197, across 8 grants on its 2024 IRS Form 990 filing.
Where does RBC Foundation - USA give grants?
RBC Foundation - USA gives mostly in Minnesota: 100% of the grant dollars itemized on its 2024 IRS Form 990 filing went to recipients there. The most frequent recipient cities were Minneapolis, MN (8 grants).
Does RBC Foundation - USA give general operating support?
Yes: 100% of RBC Foundation - USA's 2024 grants with a stated purpose (8 of 8) were for general or operating support, per its 2024 IRS Form 990 filing.
Who are RBC Foundation - USA's largest grantees?
RBC Foundation - USA's largest 2024 grantees include Other Distributions ($9,243,600), Divisional Program ($975,000) and Twin Cities Grant Program ($700,000), according to its 2024 IRS Form 990 filing. Together they received 90% of its itemized 2024 grant dollars.
What does RBC Foundation - USA fund?
The foundation’s mission is to improve quality of life in the communities where it does business by supporting nonprofits that make a positive difference and have programs aligned with its funding ambitions. See mission & focus areas ↑
How do I apply for a grant from RBC Foundation - USA?
The foundation’s 2023 filing lists Martha Baumbach as the contact and directs applicants to information about forms, materials, and award restrictions in its giving guidelines. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is RBC Foundation - USA's EIN?
RBC Foundation - USA's EIN (Employer Identification Number) is 41-6030639. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Here's the math on researching RBC Foundation - USA by hand.
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RBC Foundation - USA down — hundreds of funders to go?