Tozer Foundation Inc
Tozer Foundation Inc is a private foundation based in Lake Elmo, Minnesota. Its primary focus is scholarships for students who live in or graduate from high schools in Kanabec, Pine, or Washington County and plan to attend an accredited college or university in the United States.
Tozer Foundation Inc at a glance
In short: Tozer Foundation Inc gave $908K across 331 grants in 2025 (avg $3K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $907,600
- -3.4% vs 2024
- Grants made (2025)
- 331
- -3.5% vs 2024
- Average grant
- $2,742
- +0.1% vs 2024
- Median grant
- $2,750
- Total assets
- $25,461,781
- +10.9% vs 2024
- Primary geography
- Minnesota (62% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
How to apply to Tozer Foundation Inc
- How to Apply
-
Scholarship applicants must submit the required information by the published deadline. Applications are available online. The foundation’s guidelines describe award limitations and eligibility requirements, including academic and financial criteria.
- Review Cycle
- Applicants should see the foundation’s published deadlines; applications submitted after the deadline are considered incomplete.
- Deadline
- Applicants should see the foundation’s published deadlines; applications submitted after the deadline are considered…
- Contact
Application contact: Tozer Foundation
Mailing address: C/O Lake Elmo Bank Trust Dept, Lake Elmo, MN 55042
Phone: (651) 773-4420
Website: https://tozerfoundation.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Tozer Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Foundation for Bayport Public Library ($100).
Organizations only. It also paid 330 individual scholarships ($907,500), which are not listed by name.
Grant Size Distribution
683 grants across all recorded years
The most common grant size was under $50K: 679 grants of 683 (99%).
Geographic Focus
Where this funder awards grants
The scholarship program serves residents of Kanabec, Pine, and Washington counties in Minnesota, including graduating high school seniors and college students. Recipients may attend an accredited college or university anywhere in the United States. In filing year 2025, 62% of grant dollars went to recipients in Minnesota, 14% to Wisconsin, 5% to Iowa, 4% to North Dakota, and 2% to Massachusetts.
Grant Distribution by State
Share of 2025 grant dollars across all 331 itemized grants.
States
Cities
How Tozer Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−15%). Method
- In 2025 it paid out 70% 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 $908K (2025) to $1.3M (2023). In 2025 it made 331 grants totaling $908K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 50 individual scholarships Recipients not named | — | $137,500 |
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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 | $25,461,781 | $3,661,244 | $1,116,989 | $907,600 | 331 | $937,882 | $3,524,137 | $1,345,286 |
| 2024 | $22,957,480 | $1,917,556 | $1,200,954 | $939,225 | 343 | $1,075,471 | $1,813,573 | $1,259,705 |
| 2023 | $22,236,753 | $514,827 | $1,573,686 | $1,336,100 | 3 | $1,456,054 | $706,528 | $1,194,648 |
| 2022 | $23,295,612 | $945,630 | $1,321,934 | $1,073,600 | 3 | $1,162,583 | $824,642 | $1,305,219 |
| 2021 | $23,651,585 | $1,495,300 | $1,170,844 | $957,440 | 3 | — | $1,358,621 | $1,369,447 |
| 2020 | $23,309,074 | $751,291 | $1,156,008 | $965,350 | 2 | — | $640,816 | $1,198,337 |
| 2019 | $23,693,256 | $667,276 | $1,165,169 | $935,100 | 2 | — | $607,317 | $1,175,038 |
Under IRS private-foundation payout rules, Tozer Foundation Inc reported a distributable amount of $1.3M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s stated purpose is to support charitable purposes determined by its board. Its principal program is a scholarship program begun in 1947. Scholarships are awarded based on financial need, scholastic performance, and school and community involvement. Awards may be up to $3,000 per year, for up to four years of undergraduate study, and recipients must attend an accredited U.S. college or university full time.
The foundation also states that it awards approximately 350–400 scholarships each year. Its published qualifying guidelines include academic and financial criteria; renewing recipients must maintain a cumulative GPA of at least 3.0.
Grantmaking
In filing year 2025, the foundation reported 331 grants totaling $907,600. Grant amounts ranged from $100 to $2,750, with a median of $2,750. The largest reported awards were $2,750 scholarships to individual students, including six individual recipients
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Tracey Galowitz as president; Gretchen M. Stein as vice president; David Wettergren as past president; Catherine Johnson as secretary; Douglas N. Smith as treasurer; Elizabeth A. Raleigh as assistant treasurer; and Jennifer Anderson, Scott Mercer, and Sandra Weaver as directors.
Tozer Foundation Inc is led by Tracey Galowitz, President since 2024 (on filings since 2019); 1 of 9 officers listed in 2025 is compensated.
Officers on the 2025 filing
Tracey Galowitz
President
Director → President, 2024
On filings since 2019
1 hr/week
$4K (2019) → $0 (2025)
Sandra Weaver
Director
On filings since 2024
1 hr/week
$4K (2025)
Scott Mercer
Director
On filings since 2020
1 hr/week
No compensation reported
Jennifer Anderson
Director
On filings since 2024
1 hr/week
No compensation reported
David Wettergren
Past President
President → Director, 2022
Director → Past President, 2024
On filings since 2019
1 hr/week
No compensation reported
Douglas N. Smith
Treasurer
Director → Treasurer, 2024
On filings since 2019
1 hr/week
No compensation reported
Gretchen M. Stein
Vice President
Director → Vice President, 2024
On filings since 2019
1 hr/week
No compensation reported
Elizabeth A. Raleigh
Assistant Treasurer
Secretary → Secretary & Treasurer, 2023
Secretary & Treasurer → Assistant Treasurer, 2024
On filings since 2021
1 hr/week
No compensation reported
Catherine Johnson
Secretary
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (6)
- Former: Catherine Bang (2024) — Secretary
- Former: Alan Bernick (2019–2023) — President
- Former: Jeanne Walz (2021–2023) — Director
- Former: Orville Johnson (2019–2022) — Director
- Former: Elizabeth Raleigh Landherr (2020) — Secretary
- Former: James R. Schug (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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $4K, to Sandra Weaver (Director).
Frequently asked questions about Tozer Foundation Inc
How much does Tozer Foundation Inc give each year?
Tozer Foundation Inc gave $908K across 331 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $939K across 343 grants.
What is Tozer Foundation Inc's typical grant size?
Tozer Foundation Inc's median grant in 2025 was $2,750, and its average grant was $2,742, across 331 grants on its 2025 IRS Form 990-PF.
Where does Tozer Foundation Inc give grants?
Tozer Foundation Inc gives mostly in Minnesota: 62% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Wisconsin (14%).
Does Tozer Foundation Inc give general operating support?
Occasionally: 0% of Tozer Foundation Inc's 2025 grants with a stated purpose (1 of 331) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Scholarships" (330 grants).
How large is Tozer Foundation Inc?
Tozer Foundation Inc reported $25.5M in total assets on its 2025 IRS Form 990-PF. It paid out $938K in qualifying distributions that year, against a required minimum of $1.3M (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 does Tozer Foundation Inc fund?
The foundation’s stated purpose is to support charitable purposes determined by its board. Its principal program is a scholarship program begun in 1947. Scholarships are awarded based on financial need, scholastic performance, and school and community involvement. See mission & focus areas ↑
How do I apply for a grant from Tozer Foundation Inc?
Scholarship applicants must submit the required information by the published deadline. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Tozer Foundation Inc's EIN?
Tozer Foundation Inc's EIN (Employer Identification Number) is 41-6011518. 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. Research dossier generated September 2026.
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 March 11, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 2, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS January 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 17, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 17, 2026)
- IRS filings on file for fiscal years 2019–2025
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Cite this profile
Grantable. (2026). Tozer Foundation Inc funder profile. GrantGraph. Retrieved October 19, 2026, from https://grantable.co/funders/tozer-foundation-inc-morg_8a8ee3cbf94e49a096445f53e2fbd50d
BibTeX
@misc{grantable_416011518_2026,
author = {{Grantable}},
title = {{Tozer Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/tozer-foundation-inc-morg_8a8ee3cbf94e49a096445f53e2fbd50d},
note = {Accessed 2026-10-19. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Tozer Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Tozer Foundation Inc down — hundreds of funders to go?