SOUTHERN MINNESOTA INITIATIVE FOUNDATION

EIN 363454285 · Donor-advised fund program as reported on Form 990 Schedule D, fiscal year 2023.

← All sponsors
DAF assets
$3.79M
at fiscal year end
Grants out
$635K
from DAF accounts
Contributions in
$460K
received into DAFs
Payout rate
16.8%
median is 12.5%
Accounts
16
funds held at year end
Average account
$237K
assets per fund

At 16.8%, this sponsor paid out above the 12.5% median for sponsors holding more than $10 million.

DAF assets by year

$2.9M
FY2019
$3.7M
FY2020
$3.3M
FY2021
$3.6M
FY2022
$3.8M
FY2023

Grants paid by year

$102K
FY2019
$182K
FY2020
$333K
FY2021
$670K
FY2022
$635K
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 475 grant lines totalling $8.5M across 2019–2024 — $18K per line.

$145K of this sponsor’s grants went to other DAF sponsors — 2% 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
Leo Augusta Children'S AcademyEIN 862879682 MN$604K
University Of Notre Dame Du Lac runs a DAF programEIN 350868188 IN$561K
Kiwanis Club Of Mankato FoundationEIN 411908825 MN$330K
City Of FairmontEIN 416005147 MN$207K
City Of WabashaEIN 416005601 MN$172K
Lead For AmericaEIN 831839530 NC$165K
Vanguard Charitable Endowment Program - A1064887 runs a DAF programEIN 232888152 RI$145K
City Of HarmonyEIN 416005218 MN$131K
Northfield Public SchoolsEIN 416008327 MN$122K
Kasson-Mantorville SchoolsEIN 416008530 MN$118K
Southern Minnesota Initiative Foundation runs a DAF programEIN 363454285 MN$112K
Three Rivers Community Action IncorporatedEIN 410906178 MN$111K
Maple River SchoolsEIN 411734559 MN$101K
City Of ByronEIN 416008945 MN$99K
Blue Earth Area Schools & Community EducationEIN 411866487 MN$95K

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.