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Andrew David Sit Foundation is a private corporation based in GOLDEN VALLEY, MN. The foundation received its IRS ruling in 1997. The principal officer is Ronald Sit. It holds total assets of $621K. Annual income is reported at $111K. Total assets have grown from $271K in 2011 to $615K in 2023. 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 2020 to 2023. According to available records, Andrew David Sit Foundation has made 10 grants totaling $170K, with a median grant of $20K. Annual giving has grown from $40K in 2020 to $70K in 2023. Individual grants have ranged from $10K to $25K, with an average award of $17K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in California and Minnesota. Contributions to this foundation are tax-deductible.
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.
Andrew David Sit Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in CA, MN.
Andrew David Sit Foundation has distributed a total of $170K across 10 grants. The median grant size is $20K, with an average of $17K. Individual grants have ranged from $10K to $25K.
Andrew David Sit Foundation typically selects its grantees rather than accepting unsolicited proposals.
Andrew David Sit Foundation is headquartered in GOLDEN VALLEY, MN. While based in MN, the foundation distributes grants to organizations across 2 states.
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Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
$35K
Total Assets
$615K
Fair Market Value
$795K
Net Worth
$615K
Grants Paid
$35K
Contributions
N/A
Net Investment Income
$10K
Distribution Amount
$37K
Total: $610K
Total Grants
10
Total Giving
$170K
Average Grant
$17K
Median Grant
$20K
Unique Recipients
3
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Lucile Packard FoundationResearch Fund for Pediatric Cardiac Surgery | Palo Alto, CA | $25K | 2023 |
| University Of Minnesota FoundationAndrew David Sit Foundation Innovators Fund | Minneapolis, MN | $10K | 2023 |
| Lucile Packard Foundation For ChildSIT FAMILY ENDOWED RESEARCH FUND, YEAR 3 OF 5-YEAR $100,000 PLEDGE | Palo Alto, CA | $20K | 2020 |