The Graco Foundation
The Graco Foundation is a private foundation based in Minneapolis, Minnesota, associated with Graco Inc., a company specializing in fluid handling systems and components. Incorporated in 1956, the foundation operates as a company-sponsored philanthropic organization committed to supporting communities where Graco operates.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$1.6M
-8.2% YoY
Grant Count
42
-92.1% YoY
Avg Grant Size
$38K
+1062.9% YoY
Mission & Focus Areas
The foundation helps organizations serve community needs by expanding or enhancing services to clients, with particular emphasis on capital projects and technology needs. Special focus is directed toward organizations demonstrating a proven track record of enabling self-sufficiency and programs that promote:
- Education
- Workforce development
- Youth development
The foundation supports gift matching, dollars for doers programs, general operating support, and scholarships. Its primary program area includes grant recoveries.
Grantmaking
Grant Range
$14
Average Grant
$14
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Geographic Focus
Where this funder awards grants
The foundation supports a broad geographic range across the United States, with primary emphasis on areas of company operations. Funding extends to major urban centers including Los Angeles, New York, and Chicago, as well as smaller communities. States receiving support include: Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Minnesota, Missouri, Montana, and 19 additional states.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $23,953,250
- Total Revenues: $877,515
- Total Expenses: $1,670,751
- Number of Employees: 0
Historical Assets: $24.7 million (from earlier reporting period)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
242 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Mark Sheahan – President and Chief Executive Officer (serves without compensation)
- Joseph Humke – Vice President (serves without compensation)
- Archie C. Black – Chief Executive Officer
The foundation is led by a volunteer board of directors who contribute a small number of hours monthly to the foundation's activities.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARK SHEAHAN | PRESIDENT | 0.5 | — |
| JOSEPH HUMKE | VICE PRESIDENT | 0.4 | — |
| JANEL W FRENCH | TREASURER/ SECRETARY | 1.4 | — |
| DIANE OLSON | DIRECTOR | 0.4 | — |
| DAVID LOWE | DIRECTOR | 0.4 | — |
| RONITA BANERJEE | DIRECTOR | 0.4 | — |
| JOSEPH DANISKI | DIRECTOR | 0.4 | — |
| JEFF WEBER | DIRECTOR | 0.4 | — |
| DAWN SVENKESON-KOUBAL | DIRECTOR | 0.4 | — |
Contact Information
- Website: www.graco.com/us/en/about-graco/foundation
- Telephone: 612-623-6729
- Address: PO Box 1441, Minneapolis, MN 55440-1441
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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