Minnesota · Nonprofit
MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC
MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC (Minnesota) receives grants from 64 organizations whose IRS filings report $7,073,081 to it, the largest being SANFORD GROUP RETURN ($1,690,000). 41 of them have funded it in more than one year, and 51% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $30M
- Funders on record
- 64
- Grants received
- $7.1M
- Net assets
- $125M
What Minnesota State University Mankato Foundation Inc does
Mission
Minnesota state university, mankato foundation, inc. Is dedicated to securing private gifts and grants to benefit minnesota state university, mankato. Each year, thousands of generous benefactors make gifts to help students, faculty and programs at this university. The foundation's mission is to enhance the university's ability to achieve its mission by encouraging and stewarding sustained philanthropic support from alumni and friends. The foundation operates with responsible stewardship, integrity, transparency and trust, provides leadership, advocacy and support of the university's strategic priorities, provides support for educational access and for enriching experiences for students, and provides leadership in promoting and engaging donor passion.
As stated on its FY2025 Form 990.
Programs
Through a robust investment our organization empowers both students and staff by facilitating hands on learning experiences ranging from conferences and conventions to workshops, meetings and guest speakers. This support is deeply aligned with minnesota state university, mankato's mission to foster high impact experiences, continuous learning and hands-on growth. Professional development opportunities are designed to foster collaboration and innovation while empowering students and staff to expand their expertise and adapt in a rapidly changing world. By investing in innovative programs and professional development, we ensure that every maverick has the opportunity to learn by doing, grow as a leader, and contribute meaningfully to their field and community.
$2,899,260 spent42% of program spendingA core value of our organization is making a high-quality education affordable and accessible for all. Donor generosity directly funds scholarships, grants, and other awards that reduce financial barriers for students. Our commitment to affordability means more students can pursue their dreams, graduate with less debt, and access the life-changing opportunities that our minnesota state university, mankato education provides. Every gift helps open doors for talented students from all backgrounds, ensuring that cost is never a barrier to excellence.
$2,886,044 spentof which $2,886,044 as grants42% of program spendingOur organization invested funds to make possible the transformational experiences that define a minnesota state university, mankato education. This support spans a diverse array of programs and initiatives including $570,813 to bolster university athletic programs which is fueling student-athlete success; $150,000 to strengthen the center for rural behavioral health by expanding vital services; $105,331 to provide equipment and facilities for athletics, improving training and competition environments; $74,240 fueled the maverick innovation gateway, fostering entrepreneurship and innovation; $68,000 powered the maverick rec n read program, promoting literacy and wellness; $59,406 sustained university auxiliary programs, ensuring operational excellence; $41,543 supported theatre and dance programs, bringing creative expression to campus; $11,698 to enhance facilities for academic programs, creating spaces for learning and discovery; and $8,800 to advance the university's music programs, nurturing artistic talent.from immersive learning in the classroom to leadership roles, community engagement, and global study opportunities, philanthropic support turns potential into achievement.…
$1,089,831 spentof which $1,089,831 as grants16% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $6,875,135.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $101M to $128M (+26%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
74% of MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Jim Lund
Board chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 10 funders to 33 funders, grant income rose $212k → $1.0M.
27 of 64 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 51% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC’s funders (the co-funder graph). Top 30 of 64 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC has a broad base — no single funder exceeds 24% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
80% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC.
Largest funder’s share by year: 2017 21% · 2018 47% · 2019 50% · 2020 46% · 2021 26% · 2022 25% · 2023 20% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
58% of MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC's funders are still giving 3 years after their first grant; 64% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
51% of MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $3.5M that is directly attributable, 59% of it comes from funders outside Minnesota, across 16 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $3.6M arriving through sponsors registered in 15 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC runs a healthier operating margin than three-quarters of the 3,794 education nonprofits its size.
this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025
Organizations like MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
75% of spending goes to programs.
Governance
Public support
91%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 2 related entities
- Maverick Philanthropic Properties LLC · disregarded
- Maverick Real Estate Foundation Inc · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC?
- MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC (Minnesota) receives grants from 64 organizations whose IRS filings report $7,073,081 to it, the largest being SANFORD GROUP RETURN ($1,690,000). 41 of them have funded it in more than one year, and 51% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC have?
- IRS filings report 64 organizations giving $7,073,081 in grants to MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC, 41 of which have funded it in more than one year.
- Who is the largest funder of MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC?
- SANFORD GROUP RETURN is the largest funder on record, with $1,690,000 in grants. The full list of funders is on this page.
- How can an organization like MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 64 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing