RBC Foundation - USA
Historical FunderMinneapolis, Minnesota · EIN 41-6030639 · Private foundation · Website
Grants paid (2024)$10.4M
Organizations funded8
Typical grant$305,000
Total assets$1.2M
Half of its grants to organizations were between $31,850 and $700,000.
From the return
How to apply
The foundation filed the following application information (Form 990-PF Part XV, tax year 2024):
| Contact | Martha Baumbach |
|---|---|
| Address | 250 Nicollet Mall Suite 1900, Minneapolis MN 55401 |
| Phone | 6122197795 |
| MARTHA.BAUMBACH@RBC.COM | |
| Form and materials | Information can be found at https://www.rbcwealthmanagement.com/us/en/community-events/foundation- grants/giving-guidelines |
| Deadlines | January 30 and June 30 |
| Restrictions | Information can be found at https://www.rbcwealthmanagement.com/us/en/community-events/foundation- grants/giving-guidelines |
Copied as filed. Deadlines on a tax return describe the foundation's usual process; they are not confirmation of a current open cycle.
Where it gives
0% of grants went outside Minnesota.
Grants paid in tax year 2024
| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Other Distributions | Minneapolis, MN | General | $7,472,686 |
| Divisional Program | Minneapolis, MN | General | $967,000 |
| Twin Cities Grant Program | Minneapolis, MN | General | $700,000 |
| Employee Gift Matching | Minneapolis, MN | General | $617,685 |
| CorporateCapital Grants | Minneapolis, MN | General | $305,000 |
| Discretionary Funds | Minneapolis, MN | General | $300,000 |
| United Way Branch Matching | Minneapolis, MN | General | $31,850 |
| EnvironmentJoint Fund | Minneapolis, MN | General | $15,000 |
Grants approved for future payment
| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Boyer Children's Clinic | Seattle, WA | General | $0 |
| Comers Children's Hospital | Chicago, IL | General | $0 |
| Ronald McDonald House Charities - Upper Midwest | Minneapolis, MN | General | $0 |
| Memorial Sloan Kettering | New York, NY | General | $0 |
| The Saint Paul and Minnesota Foundation | St Paul, MN | General | $0 |
| Tubman | Minneapolis, MN | General | $0 |
| Greater Twin Cities United Way | Minneapolis, MN | General | $0 |
| The Walker Art Center | Minneapolis, MN | General | $0 |
Giving by year
| Tax year | Grants paid | Grant lines |
|---|---|---|
| 2024 | $10,409,221 | 16 |
| 2023 | $12,193,575 | 14 |
| 2022 | $10,202,675 | 15 |
Sources
- IRS Form 990-PF, tax year 2024, filed Sep 3, 2026 - IRS e-file batch, object ID 202622469349100012
- IRS Tax Exempt Organization Search for EIN 41-6030639
- Profile updated Nov 5, 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.