Tozer Foundation Inc
The Tozer Foundation Inc is a private foundation incorporated in 1946 and based in Lake Elmo, Minnesota. The foundation operates as an independent grantmaking organization with a primary focus on supporting educational opportunities through scholarships for high school students in specific Minnesota counties.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$939K
-29.7% YoY
Grant Count
343
+11333.3% YoY
Avg Grant Size
$3K
-99.4% YoY
Mission & Focus Areas
The foundation's mission is to award scholarships to students residing in or graduating from high school in Kanabec, Pine, and Washington counties of Minnesota who will be attending an accredited college or university in the United States.
The foundation was established by David Tozer in 1947 with a fund designated for "worthy and needy" students. Today, the foundation provides renewable scholarships of $3,000 for up to four years to support post-secondary education.
Primary Focus Areas:
- Education (particularly higher education)
- Scholarships to individuals
Grantmaking
Scholarship applications are managed through Kaleidoscope. Applicants can access help resources at help.mykaleidoscope.com, and school counselors have access to tutorial materials. The foundation holds an annual scholarship gathering in the summer to meet recipients.
Grant Range
approximately $2,000
Average Grant
approximately $2,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds within Minnesota, with specific focus on:
- Kanabec County
- Pine County
- Washington County
The foundation also has some funding activity in Wisconsin and Iowa.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- Total assets: $22,957,480 (as of fiscal year ending October 2024)
- Assets increased 2.6% from prior year
Annual Activity:
- Total revenues (FY 2024): $1,917,556
- Total expenses (FY 2024): $1,200,954
- Total giving (FY 2024): $939,225
- Investment income and dividends: $771,233
- Net gain from sale of non-inventory assets: $1,145,689
Prior Year Comparison:
- Total revenues (FY 2023): $514,827
- Total expenses (FY 2023): $1,573,686
| 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
61 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
Board of Directors:
- Tracey Galowitz, President
- Gretchen Stein, Vice President
- Douglas Smith, Treasurer
- Elizabeth Raleigh, Assistant Treasurer
- Catherine Johnson, Secretary
- Jennifer Anderson
- Scott Mercer
- Sandy Weaver
- David Wettergren, Past President
Administrative Support: The foundation's administrative operations are managed through Lake Elmo Bank Trust Department.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TRACEY GALOWITZ | PRESIDENT | 1 | $5,000 |
| GRETCHEN M STEIN | VICE PRESIDENT | 1 | — |
| DAVID WETTERGREN | PAST PRESIDENT | 1 | — |
| CATHERINE BANG | SECRETARY | 1 | — |
| DOUGLAS N SMITH | TREASURER | 1 | — |
| ELIZABETH A RALEIGH | ASSISTANT TREASURER | 1 | — |
| JENNIFER ANDERSON | DIRECTOR | 1 | — |
| SCOTT MERCER | DIRECTOR | 1 | — |
| SANDRA WEAVER | DIRECTOR | 1 | — |
Contact Information
Mailing Address: Tozer Foundation c/o Lake Elmo Bank Trust Dept. 11465 39th St N Lake Elmo, MN 55042
Phone: 651-773-4420 Fax: 651-748-4817 Email: info@TozerFoundation.com Website: tozerfoundation.com
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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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