The Toro Company Foundation
The Toro Company Foundation is a private foundation, based in BLOOMINGTON, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.3M in total assets. In 2024, it awarded 1 grants totaling $2.2M. Net investment income was $431K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.3M
+21.8% YoY
Annual Giving
$2.2M
+28.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$2.2M
+28.4% YoY
Under IRS private-foundation payout rules, The Toro Company Foundation reported a distributable amount of $357K for 2024 — the minimum it must pay out in qualifying distributions.
About The Toro Company Foundation
Based on IRS filings
The Toro Company Foundation is a private foundation, based in BLOOMINGTON, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.3M in total assets. In 2024, it awarded 1 grants totaling $2.2M. Net investment income was $431K.
Ready to take the next step with The Toro Company Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,343,022 | $5,205,943 | $4,149,774 |
| Revenue | $3,465,163 | $3,177,558 | $1,216,043 |
| Expenses | $2,398,387 | $2,503,459 | $2,486,324 |
| Qualifying Distributions | $2,363,729 | $2,489,922 | $2,443,509 |
| Net Investment Income | $430,505 | $164,021 | $169,117 |
| Distributable Amount | $357,366 | $264,817 | $242,024 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Various - see attached list ($2,191,781).
| Recipient | Purpose | Amount |
|---|---|---|
| Various - see attached list Bloomington, MN | Various - see attached list | $2,191,781 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARNIE K WELLS | President | — | — |
| JOANNA TOTSKY | Secretary | — | — |
| ERIC VAN WIE | Treasurer | — | — |
| DIRECTORS - SEE ATTACHED | Director | — | — |
Frequently Asked Questions
How large is The Toro Company Foundation?
As of 2024, The Toro Company Foundation holds $6.3M in total assets with $3.5M in annual revenue. It awarded 1 grants totaling $2.2M in 2024.
Where does The Toro Company Foundation operate?
The Toro Company Foundation has awarded grants in Minnesota.
What size grants does The Toro Company Foundation award?
In 2024, The Toro Company Foundation awarded 1 grants totaling $2.2M — an average of about $2.2M per grant, based on its IRS Form 990 filings.
How much is The Toro Company Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Toro Company Foundation reported a distributable amount of $357K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Toro Company Foundation's EIN?
The Toro Company Foundation's EIN (Employer Identification Number) is 36-3593618. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Toro Company Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.