//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Alfred A Iversen And Family Foundation is a private corporation based in CRYSTAL BAY, MN. The foundation received its IRS ruling in 2004. The principal officer is Alfred A Iversen. It holds total assets of $5M. Annual income is reported at $2.3M. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Minnesota and Ohio. According to available records, Alfred A Iversen And Family Foundation has made 19 grants totaling $6.5M, with a median grant of $40K. The foundation has distributed between $1.1M and $4.3M annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $4.3M distributed across 10 grants. Individual grants have ranged from $15K to $2M, with an average award of $343K. The foundation has supported 6 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
Smallest Grant
$15K
Median Grant
$40K
Average Grant
$218K
Largest Grant
$1.1M
Based on 6 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Alfred A Iversen And Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 19 grants. Its grantmaking reaches organizations primarily in MN.
Alfred A Iversen And Family Foundation has distributed a total of $6.5M across 19 grants. The median grant size is $40K, with an average of $343K. Individual grants have ranged from $15K to $2M.
Alfred A Iversen And Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Alfred A Iversen And Family Foundation is headquartered in CRYSTAL BAY, MN. The foundation primarily funds organizations in Minnesota, Ohio.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Emily A Iversen | DIRECTOR | $0 | $0 | N/A |
| Alfred A Iversen | PRESIDENT/DIRECTOR | $0 | $0 | N/A |
| Mackenzie Iversen | DIRECTOR | $0 | $0 | N/A |
Total Giving
$1.2M
Total Assets
$4.2M
Fair Market Value
$12.5M
Net Worth
$4.2M
Grants Paid
$1.1M
Contributions
$874K
Net Investment Income
$1M
Distribution Amount
$532K
Total: $4M
Total Grants
19
Total Giving
$6.5M
Average Grant
$343K
Median Grant
$40K
Unique Recipients
6
Most Common Grant
$40K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Common BondPROGRAM SUPPORT | St Paul, MN | $40K | 2023 |
| Children'S Hospital AssociationPROGRAM SUPPORT | Minneapolis, MN | $15K | 2023 |
| University Of St ThomasPROGRAM SUPPORT | St Paul, MN | $1M | 2023 |
| Second Harvest HeartlandPROGRAM SUPPORT | St Paul, MN | $40K | 2023 |
| Way To GrowPROGRAM SUPPORT | Minneapolis, MN | $40K | 2023 |
| Interfaith Outreach Community Partners (Iocp)PROGRAM SUPPORT | Plymouth, MN | $40K | 2021 |