BAYPORT, MN
Fred C And Katherine B Andersen Foundation
Quick Facts
- EIN
- 416020920
- Location
- BAYPORT, MN
- Category
- General
- Total Assets
- $1.7B
- Annual Income
- $111.3M
- IRS Ruling Year
- 1961
- Organization Type
- Corporation
- Tax Deductibility
- Contributions are deductible
About This Foundation
Fred C And Katherine B Andersen Foundation is a private corporation based in BAYPORT, MN. The foundation received its IRS ruling in 1961. It holds total assets of $1.7B. Annual income is reported at $111.3M. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$54.3M
2023-5%
Total Assets
$1.5B
2023+39%
Fair Market Value
$1.5B
2023
Net Worth
$1.5B
2023
Grants Paid
$52.5M
2023
Contributions
$0
2023
Net Investment Income
$53.6M
2023
Distribution Amount
$61.3M
2023
Total Giving by Year
$22.9M
11$22.6M
12$21.4M
13$18M
14$27.5M
15$37.1M
19$41.3M
20$46.5M
21$57M
22$54.3M
23Asset Growth
$381.7M
11$359.6M
12$409.1M
13$476.5M
14$545.7M
15$845M
19$1B
20$1.2B
21$1.1B
22$1.5B
23Investment Portfolio (2023)
Total: $1.3B
Corporate Stock: $1.2B
Corporate Bonds: $57.8M
Other Investments: $155.4M
Cash: $117K
Corporate Stock (85%)
Corporate Bonds (4%)
Other Investments (11%)
Cash (0%)
Expense Breakdown (2023)
Grants Paid$52.5M
Officer Compensation$97K
Accounting Fees$75K
Legal Fees$32K
Pension & Benefits$7K
Travel & Conferences$625
Revenue Sources (2023)
- Dividends
- $33.3M
- Capital Gains (Net)
- $18M
- Interest
- $3.1M
Financial Details (2023)
- Total Revenue
- $54.4M
- Total Expenses
- $54.3M
- Exempt Purpose Expenses
- $52.7M
- Required Distribution
- $61.3M
- Undistributed Income
- $58.6M
- Total Liabilities
- $1
- Excise Tax
- $745K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$40.9M
Average Grant
$819K
Median Grant
$375K
Grant Range
Min$200K
Max$6M
Median: $375K
Smallest grantLargest grant
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
MN: $31.5M (33)
WI
WI: $8.1M (12)
MI
NY
MA
CT
RI
OR
NV
WY
SD
IA
IA: $200K (1)
IL
IN
OH
PA
NJ
CA
UT
CO
NE
MO
KY
WV
VA
MD
DE
DC
AZ
AZ: $550K (2)
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
HI
TX
TX: $600K (2)
MN$31.5M (33)
WI$8.1M (12)
TX$600K (2)
AZ$550K (2)
IA$200K (1)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Twin Cities Habitat For HumanityGeneral Operating | St Paul, MN | $6M | 2023 |
| Mayo ClinicCapital support | Rochester, MN | $6M | 2023 |
| Commonbond CommunitiesCapital Campaign | St Paul, MN | $2.5M | 2023 |
| Arts PartnershipCapital Campaign | Saint Paul, MN | $2M | 2023 |
| St Croix Valley Food BankCapital Campaign | Hudson, WI | $2M | 2023 |
| Lutheran Social Service Of MinnesotaCapital Campaign | St Paul, MN | $2M | 2023 |
| Westfields Hospital FoundationCapital Campaign | New Richmond, WI | $1.6M | 2023 |
| Regions Hospital FoundationCapital Campaign | St Paul, MN | $1.6M | 2023 |
| Regions Hospital FoundationCapital Campaign | St Paul, MN | $1.4M | 2023 |
| Hazelden Betty Ford FoundationCapital Campaign | St Paul, MN | $1M | 2023 |
| Operation HelpCapital Campaign | Hudson, WI | $1M | 2023 |
| Hazelden Betty Ford FoundationCapital Campaign | St Paul, MN | $1M | 2023 |
| Osceola Medical CenterProgram or Project | Osceola, WI | $550K | 2023 |
| Northern Star Council Boy Scouts Of AmericaGeneral Operating | Fort Snelling, MN | $550K | 2023 |
| Children'S Health Care FoundationProgram or Project | Edina, MN | $500K | 2023 |
| Avenues For YouthCapital Campaign | Minneapolis, MN | $500K | 2023 |
| Children'S Health Care FoundationProgram or Project | Edina, MN | $500K | 2023 |
| Episcopal Homes Of MnCapital Campaign | Saint Paul, MN | $500K | 2023 |
| Northwood Technical College FoundationCapital Campaign | Rice Lake, WI | $500K | 2023 |
| Baldwin Area Medical Center Dba Western Wisconsin HealthCapital Campaign | Baldwin, WI | $500K | 2023 |
| Saint Paul Urban TennisCapital Campaign | Saint Paul, MN | $500K | 2023 |
| Amery Regional Medical CenterCapital Campaign | Amery, WI | $496K | 2023 |
| Gillette Children'S Hospital FoundationGeneral Operating | St Paul, MN | $450K | 2023 |
| Housing ForwardGeneral Operating | Dallas, TX | $400K | 2023 |
| American Red CrossProgram or Project | Minneapolis, MN | $400K | 2023 |
| Chicanos Por La Causa IncGeneral Operating | Phoenix, AZ | $350K | 2023 |
| Sharing And Caring HandsProgram or Project | Minneapolis, MN | $350K | 2023 |
| Turningpoint For Victims Of Domestic And Sexual ViolenceCapital Campaign | River Falls, WI | $350K | 2023 |
| Hudson Hospital FoundationProgram or Project | Hudson, WI | $325K | 2023 |
| Lakeview Health FoundationProgram or Project | Stillwater, MN | $320K | 2023 |
| Ordway Center For The Performing ArtsProgram or Project | Saint Paul, MN | $300K | 2023 |
| Allina Health FoundationProgram or Project | Minneapolis, MN | $300K | 2023 |
| BridgingGeneral Operating | Bloomington, MN | $280K | 2023 |
| Children'S Health Care FoundationProgram or Project | Edina, MN | $250K | 2023 |
| Comunidades Latinas Unidas En Servicio (Clues)Program or Project | St Paul, MN | $250K | 2023 |
| Belwin ConservancyCapital Campaign | Afton, MN | $250K | 2023 |
| True FriendsCapital Campaign | Annandale, MN | $250K | 2023 |
| Union Gospel Mission Twin CitiesCapital Campaign | St Paul, MN | $250K | 2023 |
| Gundersen Lutheran Medical Foundation IncGeneral Operating | La Crosse, WI | $250K | 2023 |
| St Croix Valley Food BankGeneral Operating | Hudson, WI | $250K | 2023 |
| Minnesota Diversified Industries IncProgram or Project | Minneapolis, MN | $250K | 2023 |
| Saint Paul & Minnesota FoundationProgram or Project | Saint Paul, MN | $250K | 2023 |
| Hazelden Betty Ford FoundationProgram or Project | St Paul, MN | $223K | 2023 |
| Amherst H Wilder FoundationProgram or Project | Saint Paul, MN | $200K | 2023 |
| Habitat For Humanity Central ArizonaGeneral Operating | Phoenix, AZ | $200K | 2023 |
| St Croix Valley Habitat For HumanityProgram or Project | Hudson, WI | $200K | 2023 |
| Opening DoorsGeneral Operating | Dubuque, IA | $200K | 2023 |
| Allina Health FoundationProgram or Project | Minneapolis, MN | $200K | 2023 |
| Big Brothers Big Sisters Of The Greater Twin CitiesGeneral Operating | Minneapolis, MN | $200K | 2023 |
| CitysquareGeneral Operating | Dallas, TX | $200K | 2023 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica