Magnifi Financial Foundation

Open & Accessible
Private Foundation
MELROSE, MinnesotaMicroEIN: 611690771
Community CentersYouth Development ProgramsVeteransCommunity Service Clubs

The Magnifi Financial Foundation is described on the official Magnifi Financial credit union website; the page states the foundation funds community initiatives and lists annual donations and supported projects, and the site also hosts the Magnifi scholarship application. The foundation is presented as backed by Magnifi Financial Credit Union and shows donation activity through 2025 and scholarship details for 2026.

Source: Website · Mar 2026

Ideal Applicant

Small local charities, municipal departments, or community groups working on parks, community centers, youth programs, or veteran services within the credit union's membership geography.

Good Fit

  • Project requests for community infrastructure (parks, shelters, community centers) or youth services.
  • Budget needs in the typical $2.5K–$10K range.
  • Located in the foundation's primary state or within nearby membership geography (in‑state or neighboring state).
  • Clear local impact and partnerships with municipalities or community clubs.
  • Ability to apply through the published online form or direct contact channels.

Geography

Moderate

Giving is regionally focused: grants are almost entirely in the home state with a single neighboring state recipient in the latest year, showing state/regional reach rather than national scope.

Recipient Variety

Broad

Across three years the foundation funded multiple independent local recipients (3–5 per year) with no repeats observed, indicating a broad and rotating set of local grantees for a foundation of this size.

New Applicants

Broad

Direct evidence of new recipients each year combined with a visible application form and contact details suggests unfamiliar applicants within the membership geography have a realistic path to funding.

Source: Zeffy Agent · Mar 2026