Tursso Foundation
Tursso Foundation is a private foundation, based in Saint Paul, MN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $64K in total assets. In 2024, it awarded 1 grant totaling $500. Net investment income was $640.
Tursso Foundation at a glance
In short: Tursso Foundation gave $500 across 1 grant in 2024 (avg $500), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $500
- -85.1% vs 2023
- Grants made (2024)
- 1
- -66.7% vs 2023
- Average grant
- $500
- -55.2% vs 2023
- Median grant
- $500
- Total assets
- $63,506
- +0.2% 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 October 2026.
Who Tursso Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Saint Thomas Academy ($500).
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Tursso Foundation gives
- Giving fell 86% from 2021 to 2024. Method
- In 2024 it paid out 16% 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 2021 to 2024, annual grant giving ranged from $500 (2024) to $5K (2022). In 2024 it made 1 grant totaling $500.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Saint Thomas Academy Mendota Heights, MN | To Support Organizations Mission | $500 |
Ready to take the next step with Tursso Foundation?
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 | $63,506 | $640 | $500 | $500 | 1 | $500 | $640 | $3,108 |
| 2023 | $63,366 | $467 | $4,120 | $3,350 | 3 | $3,350 | $467 | $3,171 |
| 2022 | $67,019 | $37 | $5,942 | $5,250 | 2 | $5,250 | $37 | $3,514 |
| 2021 | $76,124 | $39 | $4,275 | $3,700 | 2 | — | $39 | $3,748 |
| 2019 | $77,590 | $838 | $703 | — | — | — | $163 | $3,818 |
Under IRS private-foundation payout rules, Tursso Foundation reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Tursso Foundation is led by Michelle Rencher, President since 2023 (on filings since 2021); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michelle Rencher
President
Director → President, 2023
On filings since 2021
1 hr/week
No compensation reported
Melissa Wangberg
Director
On filings since 2021
1 hr/week
No compensation reported
Shannon Buschman
Director
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: Dennis J. Tursso (2019–2022) — President
Data from IRS Form 990 filings, 2019–2024. "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 Tursso Foundation
How much does Tursso Foundation give each year?
Tursso Foundation gave $500 across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3K across 3 grants.
How large is Tursso Foundation?
Tursso Foundation reported $64K in total assets on its 2024 IRS Form 990-PF. It paid out $500 in qualifying distributions that year, against a required minimum of $3K (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.
Where does Tursso Foundation operate?
Tursso Foundation has awarded grants in Illinois, Minnesota.
What is Tursso Foundation's EIN?
Tursso Foundation's EIN (Employer Identification Number) is 41-1759643. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS January 28, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS December 15, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS December 22, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 17, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 12, 2025)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in Tursso Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Minnesota
Eljay Foundation
Minneapolis, MN
The foundation supports music and performing arts, including youth music education, choral programs, and music, theatre, and opera, with recent grants concentrated in Minnesota and also reaching New York and Texas. Its 2025 grants ranged from $500 to $21,667, with a median of $1,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$72K
Grants
11
Total Given
$48K
IBM International Foundation
Armonk, NY
The IBM International Foundation funds education and workforce programs that build 21st-century and technology job skills, including initiatives for underserved students and job seekers. Its 2024 grants ranged from $10,000 to $8.48 million, with a median of $100,000, and went to organizations across several U.S. states, especially Delaware and Massachusetts. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$357.7M
Grants
16
Total Given
$11.7M
The Minneapolis Foundation
Minneapolis, MN
The Minneapolis Foundation funds civic, social, and economic needs, including economic mobility, education, health, the environment, arts, and human services, with most grant dollars going to Minnesota. Its 2025 grants had a median of $25,000, though amounts varied widely. It says no funding opportunities are currently open; whether it accepts unsolicited requests is not stated.
Assets
$1.2B
Grants
1,565
Total Given
$121.7M
Saint Paul & Minnesota Foundation
St. Paul, MN
The Saint Paul & Minnesota Foundation funds community-led work in areas including economic opportunity, health and human services, youth and education, housing, and organizational capacity. Its 2025 grants had a median of $26,000; listed programs offer up to $50,000 for eligible East Metro work and up to $15,000 for qualifying Minnesota organizations. It accepts applications through specific programs, including rolling application opportunities; the Community Solutions Grant Program serves Dakota, Ramsey, and Washington counties.
Assets
$1.7B
Grants
1,473
Total Given
$107.2M
The Richard M Schulze Family Foundation
Minneapolis, MN
The Richard M. Schulze Family Foundation funds education, health care, and human services, including college scholarships, with most support benefiting working- and middle-class families in specified Minnesota and Florida counties; it also makes some national grants. Its 2024 grants had a median of $5,000, though awards ranged from $50 to $10 million. It plans to move to invitation-only grantmaking in 2027; whether it currently accepts unsolicited requests is not stated.
Assets
$218.3M
Grants
1,431
Total Given
$47.9M
First Children's Finance
Minneapolis, MN
First Children’s Finance supports child care businesses and communities through grants for projects such as facility improvements, feasibility studies, and provider support, as well as loans paired with technical assistance. Its 2025 grants ranged from $5,283 to $50,000, with a median of $11,839; grant examples are in Minnesota, Vermont, and Wisconsin, while its loan fund serves 10 states.
Assets
$7.0M
Grants
80
Total Given
$1.1M
More similar funders
More Funders in Minnesota
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Tursso Foundation'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.
Tursso Foundation down — hundreds of funders to go?