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CAROLYN FOUNDATION

MINNEAPOLIS, MN 416044416 CAROLYNFOUNDATION.ORG

The Carolyn Foundation in Minneapolis, MN, manages over $32 million in assets, funds local initiatives, and is led by a board of trustees with Rebecca Erdahl as the compensated Executive Director.

Overview

About CAROLYN FOUNDATION

The Carolyn Foundation, based in Minneapolis, Minnesota, is a philanthropic organization with assets totaling $32,152,187. The foundation reported expenses of $4,337,024 and revenue of $1,972,937. It primarily funds initiatives within Minneapolis and the state of Minnesota. The foundation's leadership includes Sophie LaRocque as Chair, Clark Carlton as Vice Chair, and Rebecca Erdahl as Secretary/Executive Director, who is the only compensated member of the leadership team with an annual compensation of $211,117. The foundation's board consists of several trustees, all of whom serve without compensation, except for the Executive Director. The foundation's website is carolynfoundation.org.

Focus areas

N/A

Geographic focus

MN
Application Status

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Success Rates

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Average Grant Size

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Sample Match Score

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Match Score measures the compatibility between your organization and this funder based on focus areas alignment (92%), geographic location preferences (85%), previous grantees similarity (88%), grant size match (78%), application process compatibility (73%), and timeline compatibility (80%).

87%
Excellent compatibility match
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Key statistics
Total Assets $32.2M
Total Awarded This Year $3.7M
Average Grant Size $1.9M
Total Grants (Previous Year) 458
Open to New Applicants
false
% New Applicants Funded
0%
Contact information
CAROLYNFOUNDATION.ORG
MINNEAPOLIS, MN, US
Geographic Funding Distribution

Financials

Total assets
$32,152,187

in 2024, compared to $34,516,778 in 2023

Annual grants
$3,725,865

2 grants awarded in 2024

Program expenses
85%

Of total expenses go to programs

Annual grant distribution
Revenue vs expenses
Assets over time

Grants

Grant awards
PurposeLocation
$3,693,065SEE ATTACHMENT 2SEE ATTACHMENT 2729 N WASHINGTON AVE 600 MINNEAPOLIS, MN US2024
$3,388,099SEE ATTACHMENT 2SEE ATTACHMENT 21330 LAGOON AVE 4TH FLOOR MINNEAPOLIS, MN US2022
$2,167,000SEE ATTACHMENT 2SEE ATTACHMENT 2729 N WASHINGTON AVE 600 MINNEAPOLIS, MN US2023
$54,349SEE ATTACHMENT 3SEE ATTACHMENT 31330 LAGOON AVE 4TH FLOOR MINNEAPOLIS, MN US2022
$32,800SEE ATTACHMENT 3SEE ATTACHMENT 3729 N WASHINGTON AVE 600 MINNEAPOLIS, MN US2024
$12,600SEE ATTACHMENT 3SEE ATTACHMENT 3729 N WASHINGTON AVE 600 MINNEAPOLIS, MN US2023
6 row(s) total.

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People

Leadership & staff

Compensation data from most recent available 990 forms

Title
RE
REBECCA ERDAHL
SEC/EX DIRECTOR$2111172024
RE
REBECCA ERDAHL
SEC/EX DIRECTOR$2043082023
RE
REBECCA ERDAHL
SEC/EX DIRECTOR$1931492022
LC
LESLEY CROSBY
CHAIR$02022
SL
SOPHIE LaROCQUE
VICE CHAIR$02022
NS
NELL SMITH
TREASURER$02022
AC
ANNE CALABRESI
TRUSTEE$02022
AD
ANDREW DOLAN
TRUSTEE$02022
CC
CLARK CARLTON
TRUSTEE$02022
TC
TIM CROSBY
TRUSTEE$02022
44 row(s) total.

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Page 1 of 5

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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer

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Last updated on August 25, 2025