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 grant totaling $2.2M. Net investment income was $431K.
The Toro Company Foundation at a glance
In short: The Toro Company Foundation gave $2.2M across 1 grant in 2024 (avg $2.2M), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,191,781
- +28.4% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $2,191,781
- +28.4% vs 2023
- Median grant
- $2,191,781
- Total assets
- $6,343,022
- +21.8% 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 The Toro Company Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Various - see attached list ($2.2M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How The Toro Company Foundation gives
- Giving held roughly steady from 2021 to 2024 (−10%). Method
- In 2024 it paid out 661% 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 $1.7M (2023) to $2.4M (2021). In 2024 it made 1 grant totaling $2.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Various - see attached list Bloomington, MN | Various - see attached list | $2,191,781 |
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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 | $6,343,022 | $3,465,163 | $2,398,387 | $2,191,781 | 1 | $2,363,729 | $430,505 | $357,366 |
| 2023 | $5,205,943 | $3,177,558 | $2,503,459 | $1,707,543 | 1 | $2,489,922 | $164,021 | $264,817 |
| 2022 | $4,149,774 | $1,216,043 | $2,486,324 | $2,111,422 | 1 | $2,443,509 | $169,117 | $242,024 |
| 2021 | $6,414,845 | $4,900,264 | $2,832,312 | $2,440,785 | 1 | $2,792,094 | $867,504 | $363,951 |
| 2020 | $4,643,577 | $1,653,201 | $2,441,964 | $2,375,687 | 1 | — | $128,175 | $256,777 |
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.
Leadership & Key People
Officers and directors from IRS filings
The Toro Company Foundation is led by Marnie K. Wells, President on every filing since 2022; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Marnie K. Wells
President
On filings since 2022
No compensation reported
Directors - See Attached
Director
On filings since 2020
No compensation reported
Eric Van Wie
Treasurer
On filings since 2020
No compensation reported
Joanna Totsky
Secretary
New on the 2024 filing
No compensation reported
Former officers (2)
- Former: Sonia Toomey (2020–2023) — Secretary
- Former: Judson McNeil (2020–2021) — President
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 The Toro Company Foundation
How much does The Toro Company Foundation give each year?
The Toro Company Foundation gave $2.2M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.7M across 1 grant.
How large is The Toro Company Foundation?
The Toro Company Foundation reported $6.3M in total assets on its 2024 IRS Form 990-PF. It paid out $2.4M in qualifying distributions that year, against a required minimum of $357K (roughly 5% of its investment assets).
Where does The Toro Company Foundation operate?
The Toro Company Foundation has awarded grants in Minnesota.
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.
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
Explore Open Grants
Browse active grant opportunities in The Toro Company Foundation's focus areas in our free grants database
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