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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. Total assets have grown from $19.4M in 2011 to $42.2M in 2024. The foundation is governed by 5 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. Grantmaking is concentrated in Minnesota. 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.
Smallest Grant
$250
Median Grant
$5K
Average Grant
$21K
Largest Grant
$400K
Based on 131 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.
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 | N/A |
| Carla J Rose | VOTING MEMBER | $0 | $0 | N/A |
| Roger J Sit | VOTING MEMBER | $0 | $0 | N/A |
| Debra K Beaudet | ASST. SECRETARY | $0 | $0 | N/A |
| Paul E Rasmussen | SECRETARY | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$42.2M
Fair Market Value
N/A
Net Worth
$42.2M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |
| V3 SportsOPERATING | Minneapolis, MN | $500K | 2023 |
| Minnesota Military & Veterans MuseumOPERATING | 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 |
| Lutheran Social ServiceOPERATING | Saint Paul, MN | $30K | 2023 |
| Minneapolis Institute Of ArtOPERATING | Minneapolis, MN | $30K | 2023 |
| Interfaith Outreach & Community PartnersOPERATING | Plymouth, MN | $30K | 2023 |
| Vocalessence - Bridge To The Future Campaign PledgeOPERATING | Minneapolis, MN | $30K | 2023 |
| Sabathani Community CenterOPERATING | Minneapolis, MN | $25K | 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 |
| Ordway Center For The Performing ArtsOPERATING | Saint Paul, MN | $25K | 2023 |
| Pillsbury United CommunitiesOPERATING | Minneapolis, MN | $25K | 2023 |
| Wallin Education PartnersOPERATING | Minneapolis, MN | $23K | 2023 |
| Saint Paul Chamber OrchestraOPERATING | Saint Paul, MN | $20K | 2023 |
| Minnesota Ovarian Cancer Alliance (Moca)OPERATING | Minneapolis, MN | $20K | 2023 |
| Project For Pride In LivingOPERATING | Minneapolis, MN | $20K | 2023 |
| Greater Twin Cities United WayOPERATING | Minneapolis, MN | $20K | 2023 |
| VocalessenceOPERATING | Minneapolis, MN | $20K | 2023 |
| Ronald Mcdonald House Charities - Upper MidwestOPERATING | Minneapolis, MN | $15K | 2023 |
| Marie Sandvik Center IncOPERATING | Minneapolis, MN | $15K | 2023 |
| Naz - Northside Achievement ZoneOPERATING | Minneapolis, MN | $15K | 2023 |
| Community Emergency ServicesOPERATING | Minneapolis, MN | $15K | 2023 |
| Pathways To ChildrenOPERATING | Minneapolis, MN | $15K | 2023 |
| Catholic Charities Of Saint Paul And MinneapolisOPERATING | St Paul, MN | $15K | 2023 |
| Greater Minneapolis Crisis NurseryOPERATING | Minneapolis, MN | $15K | 2023 |
| Northern Star Scouting - General OperatingOPERATING | Fort Snelling, MN | $15K | 2023 |
| Concordia Language VillagesOPERATING | Moorhead, 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 |
| University Of Minnesota China Center Director'S FundOPERATING | Minneapolis, MN | $10K | 2023 |
| Minnesota Adult & Teen ChallengeOPERATING | Minneapolis, MN | $10K | 2023 |
| American Red Cross - Northern ChapterOPERATING | Minneapolis, MN | $10K | 2023 |
| Minnesota Council On Economic EducationOPERATING | Saint Paul, MN | $10K | 2023 |
| Bountiful Basket FoodshelfOPERATING | Chaska, MN | $10K | 2023 |