Magnifi Financial Foundation
Historical FunderMelrose, Minnesota · EIN 61-1690771 · Private foundation
Half of its grants to organizations were between $2,500 and $5,000.
How to apply
The foundation filed the following application information (Form 990-PF Part XV, tax year 2024):
| Contact | MAGNIFI FINANCIAL FOUNDATION |
|---|---|
| Address | 20 4TH AVE SE, MELROSE MN 56352 |
| Phone | 3202563669 |
| Form and materials | NOT APPLICABLE |
| Deadlines | NOT APPLICABLE |
| Restrictions | AWARDS ARE GRANTED WITHIN MAGNIFI MEMBERSHIP GEOGRAPHY |
Copied as filed. Deadlines on a tax return describe the foundation's usual process; they are not confirmation of a current open cycle.
What it funds
Share of grant lines on the latest return, classified from the purpose each grant states.
Where it gives
25% of grants went outside Minnesota.
Grants paid in tax year 2024
| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Fargo Park District Foundation | Fargo, ND | Donation to support the devlopment of a community center. | $10,000 |
| City of Wadena | Wadena, MN | Donation to support the construction of 3 additional weather sirens for the city of wadena. | $5,000 |
| The Melrose Area Community Youth Ce | Melrose, MN | General donation to provide food, activities, games, & tutors for kids. | $2,500 |
| City of Albany | Albany, MN | Donation to cover expenses such as specialized training, kennels, food, & veterinarian costs for a school therapy dog. | $2,500 |
The return also lists 1 grant to individuals ($10,000). We do not publish the names of individual recipients.
Giving by year
| Tax year | Grants paid | Grant lines |
|---|---|---|
| 2024 | $30,000 | 5 |
| 2023 | $27,000 | 3 |
Sources
- IRS Form 990-PF, tax year 2024, filed Nov 13, 2025 - IRS e-file batch, object ID 202533179349103643
- IRS Tax Exempt Organization Search for EIN 61-1690771
- Profile updated Nov 6, 2026
Facts on this page come from the foundation's own IRS Form 990-PF filings as published by the IRS. Grantvello does not know whether a foundation is accepting proposals right now: a past grant is not an open opportunity. Always confirm current guidelines with the funder before applying.