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Also known as: C/O NORTHERN STATE BANK
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Beito Foundation is a private corporation based in THIEF RVR FLS, MN. The foundation received its IRS ruling in 2000. The principal officer is Northern State Bank. It holds total assets of $2M. Annual income is reported at $358K. The foundation is governed by 2 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 North Dakota. According to available records, Beito Foundation has made 113 grants totaling $616K, with a median grant of $2K. The foundation has distributed between $140K and $329K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $329K distributed across 58 grants. Individual grants have ranged from $1K to $35K, with an average award of $5K. The foundation has supported 40 unique organizations. The foundation primarily supports organizations in Minnesota, North Dakota, South Dakota, which account for 96% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$3K
Average Grant
$6K
Largest Grant
$24K
Based on 29 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.
Beito Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 113 grants. Its grantmaking reaches organizations primarily in MN, ND, SD.
Beito Foundation has distributed a total of $616K across 113 grants. The median grant size is $2K, with an average of $5K. Individual grants have ranged from $1K to $35K.
Beito Foundation typically selects its grantees rather than accepting unsolicited proposals.
Beito Foundation is headquartered in THIEF RVR FLS, MN. While based in MN, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| David Beito | PRESIDENT | $0 | $0 | N/A |
| Gretchen E Beito | VICE PRES, SEC, & TREASURE | $0 | $0 | N/A |
Total Giving
$181K
Total Assets
$2M
Fair Market Value
$3M
Net Worth
$2M
Grants Paid
$148K
Contributions
N/A
Net Investment Income
$53K
Distribution Amount
$147K
Total: $1.1M
Total Grants
113
Total Giving
$616K
Average Grant
$5K
Median Grant
$2K
Unique Recipients
40
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The VillageDONATION | Grand Forks, ND | $10K | 2023 |
| Pennington County SheriffDRUG PROGRAMS | Thief River Falls, MN | $24K | 2023 |
| St Olaf CollegeGENE AND GRETCHEN BEITO ENDOWMENT AND HOCKEY RINK | Northfield, MN | $21K | 2023 |
| Trf Education FoundationENDOWMENT AND BOOKS | Thief River Falls, MN | $13K | 2023 |
| Northland Community And Technical College FoundationSCHOLARSHIP | Thief River Falls, MN | $11K | 2023 |
| Concordia CollegeDONATION TO BEITO ENDOWMENT AND OFFUTT SCHOOL OF BUSINESS | Moorhead, MN | $10K | 2023 |
| Pennington County Historical SocietyENDOWMENT | Thief River Falls, MN | $9K | 2023 |
| Minnesota Historical SocietyPROGRAMMING AND EXHIBITS IN NW MINNESOTA AND NORTH STAR CIRCLE | St Paul, MN | $7K | 2023 |
| Thief River Falls Area Food ShelfDONATION | Thief River Falls, MN | $5K | 2023 |
| Middle River Fire DepartmentEQUIPMENT | Middle River, MN | $4K | 2023 |
| Northwest Regional LibraryBEITO ENDOWMENT | Thief River Falls, MN | $4K | 2023 |
| Zion Lutheran ChurchPROGRAMMING | Thief River Falls, MN | $3K | 2023 |
| City Of NewfoldenCITY BEAUTIFICATION | Newfolden, MN | $2K | 2023 |
| Newfolden Community HomesNEW SHED | Newfolden, MN | $2K | 2023 |
| VipDONATION | Thief River Falls, MN | $2K | 2023 |
| Bike MnDONATION | Minneapolis, MN | $2K | 2023 |
| North Dakota Museum Of ArtDONATION | Grand Forks, ND | $2K | 2023 |
| City Of OkleeCITY BEAUTIFICATION | Oklee, MN | $2K | 2023 |
| Luther SeminaryPROGRAMMING | St Paul, MN | $2K | 2023 |
| City Of McintoshCITY BEAUTIFICATION PROJECT | Mcintosh, MN | $2K | 2023 |
| City Of GonvickCITY BEAUTIFICATION | Gonvick, MN | $2K | 2023 |
| Goodridge Historical SocietyBROWN HOUSE | Goodridge, MN | $2K | 2023 |
| City Of GoodridgeCITY BEAUTIFICATION | Goodridge, MN | $2K | 2023 |
| Trf American Association Of University WomenCOLLEGE SCHOLARSHIPS | Thief River Falls, MN | $1K | 2023 |
| Gonvick Fire DepartmentFIRE DEPARTMENT | Gonvick, MN | $1K | 2023 |
| Pioneer Radio 901PROGRAMMING | Thief River Falls, MN | $1K | 2023 |
| Northwest Minnesota Community BandsDONATION | Thief River Falls, MN | $1K | 2023 |
| Clear Waters Life CenterPROGRAMMING | Gonvick, MN | $1K | 2023 |
| Northern Exposure To Lifelong LearningPROGRAMMING | Bagley, MN | $1K | 2023 |
| Clearwater County Historical SocietyPROGRAMMING | Bagley, MN | $1K | 2023 |
| City Of Thief River FallsADVANCE THIEF RIVER | Thief River Falls, MN | $20K | 2022 |
| Sanford Health FoundationDONATION | Sioux Falls, SD | $10K | 2022 |
| Autism Research InstituteDONATION | San Diego, CA | $9K | 2022 |