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Ida C. Koran Trust

Profile

Last Updated: 2016-01-31

At A Glance

Ida C. Koran Trust

370 Wabasha St. N.

Saint Paul, MN United States 55102-1323

Telephone: (651) 293-2392

URL: idakoran.com

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2013-12-31)

Assets: $45,065,176

Total giving: $1,510,137

EIN

416124022

BRIDGE Number

5344169345

Background

Established around 1992

Purpose and Activities

Academic assistance to dependents of Ecolab employees, and hardship grants and loans to employees of Ecolab, Inc., MN.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Academic Assistance

Assistance range from a minimum of $2,000 to a maximum of $10,000. Awards are renewable to qualifying students for up to three years or until graduation, whichever comes first. Financial need and academic performance will be considered in determining the size of each award.

Grants to Individuals Program

Academic financial assistance for dependent children of Ecolab associates and retirees for postsecondary education. One time financial relief through loans and grants to employees of Ecolab, Inc., MN.

Hardship Assistance

Assistance is determined on a case-by-case basis, and is available in the form of low interest loans or grants for urgent, time-sensitive financial needs resulting from an unplanned event. Applicant must be a current employee of Ecolab or a retiree of Ecolab with at least 12 months of continuous service.

Fields of Interest

Subjects
  • Basic and emergency aid
  • Education

Financial Data

Year ended 2013-12-31

Assets: $45,065,176 (market value)

Expenditures: $1,990,996

Total giving: $1,510,137

Qualifying distributions: $2,157,254

Giving activities include:

$1,510,137 for grants to individuals

$417,147 for loans to individuals