Mankato Area Foundation

EIN 410011094 · Donor-advised fund program as reported on Form 990 Schedule D, fiscal year 2023.

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DAF assets
$18.16M
at fiscal year end
Grants out
$3.41M
from DAF accounts
Contributions in
$4.88M
received into DAFs
Payout rate
18.8%
median is 12.5%
Accounts
89
funds held at year end
Average account
$204K
assets per fund

At 18.8%, this sponsor paid out above the 12.5% median for sponsors holding more than $10 million.

DAF assets by year

$12.0M
FY2019
$14.5M
FY2020
$13.7M
FY2021
$14.7M
FY2022
$18.2M
FY2023

Grants paid by year

$1.2M
FY2019
$1.9M
FY2020
$1.7M
FY2021
$2.4M
FY2022
$3.4M
FY2023

A missing year means no return for that year has been released yet, not that the organization was inactive. Years marked fall in the 2020–21 pandemic giving surge, when contributions into donor-advised funds rose sharply across the sector; treat them as an unusual period rather than a baseline.

Grant disclosure

Itemized 348 grant lines totalling $12.6M across 2019–2024 — $36K per line.

$415K of this sponsor’s grants went to other DAF sponsors — 3% of its itemized grantmaking. Money moved between sponsors is reported as a grant, but it has not yet reached a working charity. This total counts only organizations whose donor-advised fund program is their primary activity, so grants to universities and hospitals that happen to run a DAF on the side are excluded.

Largest reported recipients

Organizations receiving the most from this sponsor across 2019–2024, as itemized on Schedule I. Only grants above $5,000 must be listed.

RecipientTotal 2019–2024
Children's Museum of Southern MinnesotaEIN 204351801 MN$1.2M
Creative FoundationEIN 237456793 MN$881K
Mankato Youth PlaceEIN 842745924 MN$793K
Greater Mankato Area United Way IncEIN 416008819 MN$714K
Minnesota State Mankato FoundationEIN 416033423 MN$589K
Renaissance Charitable Foundation Inc runs a DAF programEIN 352129262 IN$355K
Christ The King Lutheran ChurchEIN 410885992 MN$338K
Feeding Our Communities PartnersEIN 272374187 MN$321K
Camp Patterson IncEIN 416032182 MN$317K
Mankato Symphony OrchestraEIN 237319396 MN$294K
South Central College FoundationEIN 411649572 MN$290K
Mankato West High SchoolEIN 416000310 MN$212K
Mankato Family YMCAEIN 410739108 MN$204K
Iowa State University FoundationEIN 421143702 IA$200K
Twiin Rivers Council for the ArtsEIN 200814939 MN$177K

How these figures are calculated: methodology and disclosures. Source: IRS Form 990 e-file XML for fiscal year 2023, via the National Center for Charitable Statistics. Payout rate is DAF grants divided by DAF assets at year end. Recipient totals combine tax years 2019–2024 where filings are available. IRS release and parsing lag means recent years are incomplete for many organizations — NCCS advises treating the most recent year in the panel as partial.