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Sit Investment Associates Foundation is a private corporation based in MINNEAPOLIS, MN. The foundation received its IRS ruling in 1984. The principal officer is % 3300 Ids Center. It holds total assets of $42.2M. Annual income is reported at $4.6M. According to available records, Sit Investment Associates Foundation has made 475 grants totaling $10.4M, with a median grant of $5K. The foundation has distributed between $2.3M and $5.4M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $5.4M distributed across 238 grants. Individual grants have ranged from $250 to $500K, with an average award of $22K. The foundation has supported 170 unique organizations. The foundation primarily supports organizations in Minnesota, California, Florida, which account for 92% of all grants. Grantmaking reaches organizations across 14 states. Contributions to this foundation are tax-deductible.
Sit Investment Associates Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 475 grants. Its grantmaking reaches organizations primarily in MN, CA, FL.
Sit Investment Associates Foundation has distributed a total of $10.4M across 475 grants. The median grant size is $5K, with an average of $22K. Individual grants have ranged from $250 to $500K.
Sit Investment Associates Foundation typically selects its grantees rather than accepting unsolicited proposals.
Sit Investment Associates Foundation is headquartered in MINNEAPOLIS, MN. While based in MN, the foundation distributes grants to organizations across 14 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ronald D Sit | DIRECTOR | $0 | $0 | $0 |
| Carla J Rose | VOTING MEMBER | $0 | $0 | $0 |
| Roger J Sit | VOTING MEMBER | $0 | $0 | $0 |
| Debra K Beaudet | ASST. SECRETARY | $0 | $0 | $0 |
| Paul E Rasmussen | SECRETARY | $0 | $0 | $0 |
Total Giving
$2.8M
Total Assets
$41.1M
Fair Market Value
$58.8M
Net Worth
$41.1M
Grants Paid
$2.7M
Contributions
$465K
Net Investment Income
$2M
Distribution Amount
$2.7M
Total: $40.4M
Total Grants
475
Total Giving
$10.4M
Average Grant
$22K
Median Grant
$5K
Unique Recipients
170
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Annexstad Family FoundationOPERATING | Mound, MN | $50K | 2023 |
| PrismOPERATING | Golden Valley, MN | $25K | 2023 |
| FraserOPERATING | Minneapolis, MN | $10K | 2023 |
| V3 SportsOPERATING | Minneapolis, MN | $500K | 2023 |
| Minnesota Military & Veterans Museum |
| Little Falls, MN |
| $250K |
| 2023 |
| University Of Minnesota FoundationOPERATING | Minneapolis, MN | $150K | 2023 |
| Federated Insurance FoundationOPERATING | Owatonna, MN | $150K | 2023 |
| Second Harvest HeartlandOPERATING | Brooklyn Park, MN | $120K | 2023 |
| Food Group TheOPERATING | New Hope, MN | $120K | 2023 |
| Sharing & Caring HandsOPERATING | Minneapolis, MN | $100K | 2023 |
| Loaves & FishesOPERATING | Minneapolis, MN | $70K | 2023 |
| Salvation Army - Northern DivisionOPERATING | Roseville, MN | $70K | 2023 |
| People Serving People IncOPERATING | Minneapolis, MN | $60K | 2023 |
| Commonbond CommunitiesOPERATING | Saint Paul, MN | $50K | 2023 |
| Minnesotans Military Appreciation FundOPERATING | Minneapolis, MN | $42K | 2023 |
| Twin Cities Public Television (Tpt)OPERATING | Saint Paul, MN | $40K | 2023 |
| Twin Cities Habitat For HumanityOPERATING | Saint Paul, MN | $40K | 2023 |
| Association Of Asian American Investment Managers (Aaaim) 2024OPERATING | San Francisco, CA | $35K | 2023 |
| Interfaith Outreach & Community PartnersOPERATING | Plymouth, MN | $30K | 2023 |
| Lutheran Social ServiceOPERATING | Saint Paul, MN | $30K | 2023 |
| Vocalessence - Bridge To The Future Campaign PledgeOPERATING | Minneapolis, MN | $30K | 2023 |
| Minneapolis Institute Of ArtOPERATING | Minneapolis, MN | $30K | 2023 |
| Youth Automotive Training CenterOPERATING | Deerfield Beach, FL | $25K | 2023 |
| Smithsonian InstitutionOPERATING | Boston, MA | $25K | 2023 |
| Metropolitan State University FoundationOPERATING | Saint Paul, MN | $25K | 2023 |
| Sabathani Community CenterOPERATING | Minneapolis, MN | $25K | 2023 |
| Pillsbury United CommunitiesOPERATING | Minneapolis, MN | $25K | 2023 |
| Ordway Center For The Performing ArtsOPERATING | Saint Paul, MN | $25K | 2023 |
| Wallin Education PartnersOPERATING | Minneapolis, MN | $23K | 2023 |
| Project For Pride In LivingOPERATING | Minneapolis, MN | $20K | 2023 |
| Minnesota Ovarian Cancer Alliance (Moca)OPERATING | Minneapolis, MN | $20K | 2023 |
| Greater Twin Cities United WayOPERATING | Minneapolis, MN | $20K | 2023 |
| VocalessenceOPERATING | Minneapolis, MN | $20K | 2023 |
| Saint Paul Chamber OrchestraOPERATING | Saint Paul, MN | $20K | 2023 |
| Concordia Language VillagesOPERATING | Moorhead, MN | $15K | 2023 |
| Community Emergency ServicesOPERATING | Minneapolis, MN | $15K | 2023 |
| Pathways To ChildrenOPERATING | Minneapolis, MN | $15K | 2023 |
| Northern Star Scouting - General OperatingOPERATING | Fort Snelling, MN | $15K | 2023 |
| Naz - Northside Achievement ZoneOPERATING | Minneapolis, MN | $15K | 2023 |
| Marie Sandvik Center IncOPERATING | Minneapolis, MN | $15K | 2023 |
| Ronald Mcdonald House Charities - Upper MidwestOPERATING | Minneapolis, MN | $15K | 2023 |
| Greater Minneapolis Crisis NurseryOPERATING | Minneapolis, MN | $15K | 2023 |
| Catholic Charities Of Saint Paul And MinneapolisOPERATING | St Paul, MN | $15K | 2023 |
| Summit Academy OicOPERATING | Minneapolis, MN | $13K | 2023 |
| Project Prep Olympic Development Program - Upper Midwest High School EliteOPERATING | Bloomington, MN | $13K | 2023 |
| Animal Humane SocietyOPERATING | Golden Valley, MN | $11K | 2023 |
| Bountiful Basket FoodshelfOPERATING | Chaska, MN | $10K | 2023 |
| American Red Cross - Northern ChapterOPERATING | Minneapolis, MN | $10K | 2023 |
| University Of Minnesota China Center Director'S FundOPERATING | Minneapolis, MN | $10K | 2023 |
| Global MinnesotaOPERATING | Minneapolis, MN | $10K | 2023 |
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