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Duluth 1200 Fund Inc

Grantmaking foundation in Duluth, Minnesota · EIN 41-1520829

Total giving
$190KTax year 2024
Grants made
2Tax year 2024
Total assets
$4.3MLatest reported
Latest IRS filing
2024Form 990 / 990-PF

Mission

The 1200 Fund's purpose is to provide low or no interest loans & other financial assistance (grants) to local Duluth area individuals and businesses to confront economic deterioration & loss of jobs. Financing, provided by a governmental funded revolving loan fund, is intended to provide assistance to individuals & businesses that aren't able to obtain affordable, adequate, or appropriate financing from other conventional sources. The primary requirement for assistance is the recipient provides for new job creation and/or retention of existing jobs.

Quoted from the foundation's IRS filing.

Giving by year

$1.3M2020
$16K2022
$220K2023
$190K2024

Totals by tax year, rounded to two significant figures. Years without a reported total show the sum of grants itemized on the filing.

Top recipients

RecipientAmountTax year
Northland Foundation$150K2024
Western Area Business and Civic Club$12K2024

Amounts are rounded. The full grantee list (2 grants in 2024) is available with a free account.

Website: 1200fund.com

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Source: IRS Form 990 and 990-PF filings, tax year 2024. Also see this organization on ProPublica Nonprofit Explorer.