The Taylor Foundation
The Taylor Foundation is a private foundation, based in North Mankato, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $67.0M in total assets. In 2025, it awarded 4 grants totaling $760K. Net investment income was $28.3M.
The Taylor Foundation at a glance
In short: The Taylor Foundation gave $760K across 4 grants in 2025 (avg $190K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $760,000
- -30.9% vs 2024
- Grants made (2025)
- 4
- +33.3% vs 2024
- Average grant
- $190,000
- -48.2% vs 2024
- Median grant
- $180,000
- Total assets
- $67,023,652
- +472.8% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Taylor Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Bethany Lutheran College ($325K). Together the top 4 received $760K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 3 grants of 10 (30%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How The Taylor Foundation gives
- Giving grew 7500% from 2022 to 2025. Method
- In 2025 it paid out 48% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $10K (2019) to $1.1M (2024). In 2025 it made 4 grants totaling $760K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bethany Lutheran College Mankato, MN | Operations | $325,000 |
| Loyola Catholic School Mankato, MN | Operations | $250,000 |
| Mankato Area Public Schools Mankato, MN | Operations | $110,000 |
| Feeding Our Communities Partners North Mankato, MN | Operations | $75,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $67,023,652 | $82,864,473 | $1,054,985 | $760,000 | 4 | $778,874 | $28,325,843 | $1,619,374 |
| 2024 | $11,700,270 | $4,054,879 | $1,259,838 | $1,100,000 | 3 | $1,118,909 | $2,840,556 | $595,685 |
| 2023 | $8,905,229 | $12,031,907 | $15,774 | $10,000 | 1 | $12,175 | $2,027,808 | $93,091 |
| 2022 | $209,902 | $-3,690 | $11,824 | $10,000 | 1 | $11,575 | $4,714 | $10,821 |
| 2021 | $225,416 | $13,496 | $11,700 | $10,000 | 1 | $11,475 | $11,919 | $11,081 |
| 2020 | $223,620 | $11,522 | $11,395 | $10,000 | 1 | — | $11,476 | $9,298 |
| 2019 | $223,493 | $6,266 | $11,457 | $10,000 | 1 | — | $6,286 | $10,603 |
Under IRS private-foundation payout rules, The Taylor Foundation reported a distributable amount of $1.6M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Taylor Foundation is led by Glen A Taylor, Chair & Grant Committee Member since 2025 (on filings since 2019); none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Glen A Taylor
Chair & Grant Committee Member
Chair, President & Treasurer → Director & Grant Committee Member, 2020
Director & Grant Committee Member → Chair & Grant Committee Member, 2025
On filings since 2019
0.5 hrs/week
No compensation reported
Rebecca L Taylor
Director & Grant Committee Member
Grant Committee Member → Director & Grant Committee Member, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
David Krause
Director & Grant Committee Member
On filings since 2024
0.5 hrs/week
No compensation reported
Nancy Zallek
Director & Grant Committee Member
On filings since 2024
0.5 hrs/week
No compensation reported
Robert D Nelson
Director & Grant Committee Member
On filings since 2024
0.5 hrs/week
No compensation reported
Megan Mulvihill- Assistant
Secretary & Grant Committee Member
New on the 2025 filing
0.5 hrs/week
No compensation reported
Therese A Taylor- Treasurer
Secretary & Grant Committee Member
New on the 2025 filing
0.5 hrs/week
No compensation reported
Former officers (10)
- Former: Megan Mulvihill (2024) — Director & Grant Committee Member
- Former: Therese A Taylor (2024) — Director & Grant Committee Member
- Former: David Krause- Director Grant (2023) — Committee Member
- Former: Megan Mulvihill- Director Grant (2023) — Committee Member
- Former: Nancy Zallek- Director Grant (2023) — Committee Member
- Former: Rebecca L Taylor- Director Grant (2023) — Committee Member
- Former: Robert D Nelson- Director Grant (2023) — Committee Member
- Former: Therese A Taylor- Director Grant (2023) — Committee Member
- Former: Larry D Taylor (2019–2022) — Director & Grant Committee Member
- Former: Debra Taylor (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "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 The Taylor Foundation
How much does The Taylor Foundation give each year?
The Taylor Foundation gave $760K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.1M across 3 grants.
What is The Taylor Foundation's typical grant size?
The Taylor Foundation's median grant in 2025 was $180,000, and its average grant was $190,000, across 4 grants on its 2025 IRS Form 990-PF.
Where does The Taylor Foundation give grants?
The Taylor Foundation gives mostly in Minnesota: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Mankato, MN (3 grants).
Does The Taylor Foundation give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on The Taylor Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Operations" (4 grants).
How large is The Taylor Foundation?
The Taylor Foundation reported $67.0M in total assets on its 2025 IRS Form 990-PF. It paid out $779K in qualifying distributions that year, against a required minimum of $1.6M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Taylor Foundation's EIN?
The Taylor Foundation's EIN (Employer Identification Number) is 45-4904514. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS July 13, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in The Taylor Foundation's focus areas in our free grants database
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