Private Foundation

MAGNIFI FINANCIAL FOUNDATION

Based in MELROSE, MN, MAGNIFI FINANCIAL FOUNDATION operates as a Private Foundation. The organization reported $158K in revenue, $41K in expenses, $797K in total assets for fiscal year 2024. Imperigo tracks 42 reported grants from this foundation totaling approximately $150K.

EIN: 611690771 MELROSE, MN Latest filing: 2024

Total Revenue$158K

Total Expenses$41K

Total Assets$797K

Grants Given42

Grant Total$150K

Filing Years2020–2024

Sample Grants Given

THREE RIVERS PARK

PLYMOUTH, MN · 2024

DONATION TO SUPPORT THE DEVLOPMENT OF A NEW PARK.

$10,000

FARGO PARK DISTRICT FOUNDATION

FARGO, ND · 2024

DONATION TO SUPPORT THE DEVLOPMENT OF A COMMUNITY CENTER.

$10,000

CITY OF WADENA

WADENA, MN · 2024

DONATION TO SUPPORT THE CONSTRUCTION OF 3 ADDITIONAL WEATHER SIRENS FOR THE CITY OF WADENA.

$5,000

THE MELROSE AREA COMMUNITY YOUTH CE

Melrose, MN · 2024

GENERAL DONATION TO PROVIDE FOOD, ACTIVITIES, GAMES, & TUTORS FOR KIDS.

$2,500

CITY OF ALBANY

ALBANY, MN · 2024

DONATION TO COVER EXPENSES SUCH AS SPECIALIZED TRAINING, KENNELS, FOOD, & VETERINARIAN COSTS FOR A SCHOOL THERAPY DOG.

$2,500

Showing up to 5 of 42 total records — full history available with membership.

Officers & Directors

President Charles B Friederichs

Director Corey Sand

Secretary Gary Meyer

Treasurer Janelle Borgmann

Vice President Nancy L Roske

Officer compensation and complete director data available with membership.

Top Grant Purposes

EDUCATION

$23,125 13 grants

YOUTH PROGRAMS

$15,000 4 grants

PARK IMPROVEMENTS

$14,000 2 grants

DONATION TO SUPPORT THE DEVLOPMENT OF A NEW PARK.

$10,000 1 grant

DONATION TO SUPPORT THE DEVLOPMENT OF A COMMUNITY CENTER.

$10,000 1 grant

Financial Trends

Year	Revenue	Expenses	Assets
2024	$158K	$41K	$797K
2023	$99K	$28K	$680K
2022	$88K	$25K	$609K
2021	$79K	$21K	$546K
2020	$79K	$21K	$488K

Between 2020 and 2024, reported annual revenue grew from $79K to $158K (+100%), with total assets most recently reported at $797K.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in MN, ND.

MNND

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for MAGNIFI FINANCIAL FOUNDATION

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Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports