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Carl and Eloise Pohlad Family Foundation

Profile

Last Updated: 2016-05-29

At A Glance

Carl and Eloise Pohlad Family Foundation

60 S. 6th St., Ste. 3900

Minneapolis, MN United States 55402-4439

URL: www.pohladfamilygiving.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business; Sports
  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $122,057,935

Total giving: $2,010,762

EIN

411768558

BRIDGE Number

3885799548

Background

Established in 1993 in MN - Founded by the late Carl and Eloise Pohlad. Mr. Pohlad was a financier and banking mogul who created Marquette Bank (later sold to Wells Fargo in 2002). He was also Vice-President of Pohlad Companies, a diversified holding company, from 1984 until his death in 2009. Under Pohlad's ownership of Major League Baseball's Minnesota Twins, they won two World Series championships. He also owned a part of the Minnesota Vikings from the mid-1980s to 1991.

Purpose and Activities

The mission of the foundation is to improve the quality of life in the Minneapolis-St. Paul region by supporting organizations and leading initiatives that address important issues and needs.

Program Area(s)

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

Challenge Grants

The foundation offers a small number of challenge grants outside its primary program goals to strengthen the long-term sustainability of select organizations in the Twin Cities. Grants generally do not exceed $10,000 each. Matches are calculated at a 1:1 ratio and capped at a certain amount per individual contribution. The final grant amount matches the total amount of eligible individual donations received during a specified fundraising period.

College Scholarship Program

Scholarships are awarded on the basis of a student’s integrity, self-reliance, determination, and perseverance in overcoming adversity. Other factors taken into consideration include financial need, academic achievement, personal potential, and major life issues. Administered by Scholarship America. Limited to students living in the Twin Cities Metro area.

Employee Matching Gifts Program

The Pohlad Family Foundation Matching Gift Program gives employees of businesses that are wholly-owned by the Pohlad family the opportunity to double their financial support to nonprofit organizations. The program matches up to five individual employee contributions, totaling up to $1,000 a year. Gifts must be $25 or more and paid directly to a qualifying organization.

Large Capital Grant

Approved grants will fund projects necessary to assist the recipient in meeting an important community need and its mission.Generally these grants are for significant investments in major building renovation or expansion or purchase. Only applications for projects that are in the final phase (75% or more) of fundraising and are construction-ready will be considered. Grants awarded are expected to be between $100,000 and $250,000. No grant will exceed 10% of the total capital costs.

Program-Related Investment

The foundation has made a PRI, in the form of a loan, to an African-American museum, to refinance its facility and a PRI in the form of a loan to fund the buildout of a community kitchen. Historically, the foundation has made PRIs in the form of loans for the arts and housing.

Small Capital Grant

Small Capital grants may be used to acquire an asset that helps the organization deliver services to its clients. A total of $500,000 is available—most individual grants are expected to range from $10,000 to $30,000, but requests of up to $50,000 may be considered. For more information, contact Terry Egge, Sr. Prog. Dir., tel.: (612) 661-3922, e-mail: tegge@pohladfoundation.org.

Summer Camp Scholarship

The program awards grants to nonprofits that help economically disadvantaged kids ages 7-16 and their families select and pay for summer camp opportunities.

Youth Advancement Program

Grants provide support to programs that serve low-income youth ages 16-24 that are disconnected from education and employment. The purpose of the program is to improve education and employment outcomes with at-risk youth, ultimately helping to lower the number of disconnected youth in the community. For more information contact Brian Paulson, Sr. Prog. Off., tel.: (612) 661-3801, e-mail: bpaulson@pohladfoundation.org.

Fields of Interest

Subjects
  • Arts and culture
  • Employment
  • Housing development
  • Human services
  • Youth development
Population Groups
  • Adolescents
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Young adults

Financial Data

Year ended 2014-12-31

Assets: $122,057,935 (market value)

Gifts received: $6,010,732

Expenditures: $3,536,310

Total giving: $2,010,762

Qualifying distributions: $13,109,183