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Filing year 2023

RBC Foundation - USA

Minneapolis, Minnesota·EIN 41-6030639·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$11.5M
Total assets
$112k
Total expenses
$12.2M
Reported officers
14

Reported officers (all unpaid)

No paid executives reported in 2023. RBC Foundation - USA reported 14 unpaid officers and board members on its 990-PF.

Senior Manager
Advisory Board
Advisory Board
Advisory Board
Advisory Board
Advisory Board
Advisory Board
Advisory Board
Advisory Board
Advisory Board
Advisory Board
Advisory Board
Advisory Board
President

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$12.2M

Itemized grants

8

Median grant

$431k

RecipientLocationPurposeAmount
Other DistributionsMinneapolis, MNGeneral$9.2M
Divisional ProgramMinneapolis, MNGeneral$975k
Twin Cities Grant ProgramMinneapolis, MNGeneral$700k
Employee Gift MatchingMinneapolis, MNGeneral$596k
CorporateCapital GrantsMinneapolis, MNGeneral$266k
Discretionary FundsMinneapolis, MNGeneral$210k
EnvironmentJoint FundMinneapolis, MNGeneral$174k
United Way Branch MatchingMinneapolis, MNGeneral$29k
Financial trend

Revenue and expenses over time

RBC Foundation - USA reported revenue and expenses across 2 filing years.

RevenueExpenses
$10.3M
$10.2M
2022
$11.5M
$12.2M
2023
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Minnesota

RBC Foundation - USA reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Minnesota earns a median of $32,530.

25th percentile
$8k
Median
$32,530
75th percentile
$93k
90th percentile
$243k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 399 organizations across 399 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Minnesota
FAQ

Common questions about RBC Foundation - USA

What are RBC Foundation - USA's revenue and expenses?

In 2023, RBC Foundation - USA reported $11.5M in total revenue and $12.2M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.