Minnesota · Community foundation
New Ulm Area Foundation Inc
The mission of new ulm area foundation is to address the needs of the community by growing the endowments funds and providing financial grants from the earnings of those funds. The foundation focuses its grant funding in the areas of the arts, education, economic development and historic preservation.
- $277k
- Granted FY2024(still arriving)
- 5
- Itemized grants FY2024
- 1
- Organizations funded FY2023
- 0%
- First-time grantees FY2023
- Itemized, FY2024
- $114k
- The rest is grants the schedule does not break out
- Median grant, FY2024
- $15,000
- Largest grant, FY2024
- $58,900
- Organizations funded a year
- 1 to 1
- FY2020 to FY2023
- States reached, FY2024
- 1
- Total assets, FY2024
- $3.5M
How open it is to new grantees
In FY2023, 0% of the organizations New Ulm Area Foundation Inc funded were first-time grantees, receiving 0% of its grant dollars.
New vs renewed · share of each year
In FY2023, 100% of grant dollars renewed an existing relationship; $0 went to new ones.
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2024still arriving | 5 | $114k | 80% |
| FY2023 | 1 | $98k | 0% |
| FY2022 | 1 | $87k | 0% |
| FY2021 | 1 | $90k | 0% |
| FY2020 | 1 | $63k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2020 to 2024.
Top grantees
Largest recipients by total granted, FY2020 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| New Ulm Ministeral Association Shel Ter Haus | $20,000 | 1 | 2% |
| New Ulm Area Chamber of Commerce Foundation | $15,000 | 1 | n/a |
| Independent School District 88 | $10,000 | 1 | n/a |
| Lind House Association Inc | $9,995 | 1 | 19% |
Plus 1 recipient with no EIN on record ($396k), not named here.
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About New Ulm Area Foundation Inc
- How much does New Ulm Area Foundation Inc give?
- New Ulm Area Foundation Inc reported 5 itemized grants totaling $113,895, out of $277,388 in total grant expense reported on the return in its FY2024 IRS filing. It funded between 1 and 1 organizations a year over FY2020 to FY2023.
- What does New Ulm Area Foundation Inc fund?
- By grant dollars over FY2020 to FY2024, its largest causes are Community Improvement (91%), Housing & Shelter (4%), Education (2%).
- Who are New Ulm Area Foundation Inc's largest grantees?
- By total granted over FY2020 to FY2024: New Ulm Ministeral Association Shel Ter Haus ($20k), New Ulm Area Chamber of Commerce Foundation ($15k), Independent School District 88 ($10k).
- Does New Ulm Area Foundation Inc fund new organizations?
- In FY2023, 0% of the organizations it funded were first-time grantees.
- Where is New Ulm Area Foundation Inc based?
- New Ulm Area Foundation Inc is based in MN.
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