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Nonprofit · EIN 41-6030639

RBC FOUNDATION USA

Tax-exempt · MINNEAPOLIS, MN 55401

Financials

$10.3M$10.2M2022$11.5M$12.2M2023$11.5M$10.4M2024
Revenue Expenses · by fiscal year end
Financials of RBC FOUNDATION USA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
October 31, 2025990-PF$11,511,535$10,409,221$1,102,314$1,214,318$1,214,318$0
October 31, 2024990-PF$11,523,908$12,193,575-$669,667$112,004$112,004$0
October 31, 2023990-PF$10,304,123$10,202,675$101,448$781,671$781,671$0
Financial details: 990-PF for the year ended October 31, 2025

Revenue

Contributions, gifts and grants
$11,511,535

Expenses

Grants and similar amounts paid
$10,409,221
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$10,409,221

Balance sheet and other

Total assets, start of year
$112,004
Total assets, end of year
$1,214,318
Total liabilities, end of year
$1,214,318
Net assets, end of year
$0
Fair market value of assets
$1,214,318
Qualifying distributions
$10,409,221

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended October 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Martha Baumbach
250 Nicollet Mall, Minneapolis, MN 55401
President0$0
Julie Allen
250 Nicollet Mall, Minneapolis, MN 55401
Senior Manager0$0
Wally Chapman
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Darryl Traweek
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Pat Vaughan
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Janet Becker
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Erin Murphy
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Cara McAdaragh
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Anya Norris
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Laurie Mount
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Madeline Johnson
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Tom Sagissor
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Shareen Luze
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Danelle Dean
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
990-PF for the year ended October 31, 2024: 14 people
NameTitleHours / weekCompensation
Martha Baumbach
250 Nicollet Mall, Minneapolis, MN 55401
President0$0
Julie Allen
250 Nicollet Mall, Minneapolis, MN 55401
Senior Manager0$0
Wally Chapman
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Darryl Traweek
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Pat Vaughan
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Janet Becker
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Erin Murphy
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Cara McAdaragh
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Anya Norris
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Laurie Mount
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Madeline Johnson
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Tom Sagissor
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Shareen Luze
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Danelle Dean
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
990-PF for the year ended October 31, 2023: 15 people
NameTitleHours / weekCompensation
Martha Baumbach
250 Nicollet Mall, Minneapolis, MN 55401
President0$0
Julie Allen
250 Nicollet Mall, Minneapolis, MN 55401
Senior Manager0$0
Wally Chapman
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Darryl Traweek
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Pat Vaughan
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Janet Becker
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Erin Murphy
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Cara McAdaragh
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Anya Norris
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Laurie Mount
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Christi Lutgen
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
James Carlisle
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Madeline Johnson
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Tom Sagissor
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0
Shareen Luze
250 Nicollet Mall, Minneapolis, MN 55401
Advisory Board0$0

Address and contacts

Address (IRS master file)
250 NICOLLET MALL STE 1900, MINNEAPOLIS, MN 55401-7584
In care of
% MARTHA BAUMBACH
Signed the 990-PF
Shareen Luze, Head of Business Adm
Phone
(612) 219-7795

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025October 31, 2026March 15, 2027Not due yet
2024October 31, 2025March 16, 2026990-PF on file
2023October 31, 2024March 17, 2025990-PF on file

IRS record

EIN
41-6030639
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1963
Accounting year ends
October
Files
Form 990-PF
Assets (IRS master file)
$1,214,318
Income (IRS master file)
$11,511,535

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFOctober 2025$11,511,535$10,409,221$1,214,318XML
990-PFOctober 2024$11,523,908$12,193,575$112,004XML
990-PFOctober 2023$10,304,123$10,202,675$781,671XML
990-PFOctober 2022–––IRS
990-PFOctober 2021–––IRS
990-PFOctober 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-6030639).

Questions about RBC FOUNDATION USA

What is the EIN of RBC FOUNDATION USA?
The employer identification number (EIN) of RBC FOUNDATION USA is 41-6030639.
Is RBC FOUNDATION USA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1963.
Are donations to RBC FOUNDATION USA tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does RBC FOUNDATION USA file?
Form 990-PF. Private foundations file every year.
When is the next return of RBC FOUNDATION USA due?
The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RBC FOUNDATION USA last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended October 2025.
Who are the officers and directors of RBC FOUNDATION USA?
The 990-PF for the year ended October 31, 2025 lists 14 people; 0 received compensation from the organization.
How much revenue does RBC FOUNDATION USA have?
On its 990-PF for the year ended October 31, 2025 it reported revenue of $11,511,535, expenses of $10,409,221 and total assets of $1,214,318 at year end.

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