Wonderful Foundations
Grantmaking foundation in Minneapolis, Minnesota · EIN 83-2252772
- Minnesota
- Minneapolis
- Philanthropy, Voluntarism and Grantmaking Foundations
- Philanthropy, Voluntarism and Grantmaking Foundations in Minnesota
- Grants itemized on the 990
- $280KTax year 2024
- Grants made
- 12Tax year 2024
- Total assets
- $230MLatest reported
- Latest IRS filing
- 2024Form 990 / 990-PF
Mission
WONDERFUL FOUNDATION LEASES PROPERTIES TO CHARTER SCHOOLS AND AT THE END OF THE BOND TERM, IT WILL TRANSFER FEE SIMPLE TITLE OF THE LEASED PROPERTY TO THE LEASING CHARTER SCHOOL. IN EFFECT, THE SEPARATE CHARTER SCHOOLS ARE ACQUIRING THEIR SCHOOL SITES. THIS STRUCTURE REDUCES THE TRANSACTION COSTS ASSOCIATED WITH HAVING EACH CHARTER SCHOOL OBTAIN SEPARATE FINANCING, WHICH IS OFTEN PROHIBITIVELY EXPENSIVE. IT ALSO ENABLES CHARTER SCHOOLS TO HAVE SOMETHING THAT IS BOTH A FREQUENT IMPEDIMENT TO THEIR MISSION AND A SIGNIFICANT BENEFIT: PERMANENCY.
Giving by year
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
| Recipient | Amount | Tax year |
|---|---|---|
| Wayne Preparatory Academy Charter School Inc | $61K | 2024 |
| Imagine School at Town Center LLC | $58K | 2024 |
| Richmond Charter Academy | $35K | 2024 |
| Imagine School at Palmer Ranch | $21K | 2024 |
| Imagine Avondale Elementary Inc | $19K | 2024 |
Amounts are rounded. The full grantee list (12 grants in 2024) is available with a free account.
Website: wonderfulfoundations.org
See the full profile. All grants with amounts and years, board and officers, contact details, giving patterns and your organization's fit score are available with a free GrantAuthority account.
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Source: IRS Form 990 and 990-PF filings, tax year 2024. Also see this organization on ProPublica Nonprofit Explorer.