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Filing year 2023

Eugene C and Gail V Sit Foundation

Minneapolis, Minnesota·EIN 41-1572465·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$366k
Total assets
$4.4M
Total expenses
$926k
Reported officers
1

Reported officers (all unpaid)

No paid executives reported in 2023. Eugene C and Gail V Sit Foundation reported 1 unpaid officer or board member on its 990-PF.

Director

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$921k

Itemized grants

6

Median grant

$5k

RecipientLocationPurposeAmount
Minnesotans' Military Appreciation FundMinneapolis, MNTo help further the organizations charitable purpose$890k
Minneapolis Institute of ArtsMinneapolis, MNTo help further the organizations charitable purpose$15k
Pathway's to Children's FoundationMinneapolis, MNTo help further the organizations charitable purpose$5k
University of Minnesota FoundationMinneapolis, MNTo help further the organizations charitable purpose$5k
Wallin Education PartnersMinneapolis, MNTo help further the organizations charitable purpose$5k
Minnesota Historical SocietySaint Paul, MNTo help further the organizations charitable purpose$1k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

Eugene C and Gail V Sit Foundation reported revenue and expenses across 2 filing years.

RevenueExpenses
$488k
$782k
2022
$366k
$926k
2023
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Minnesota

Eugene C and Gail V Sit Foundation reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Minnesota earns a median of $32,530.

25th percentile
$8k
Median
$32,530
75th percentile
$93k
90th percentile
$243k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 399 organizations across 399 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Minnesota
FAQ

Common questions about Eugene C and Gail V Sit Foundation

What are Eugene C and Gail V Sit Foundation's revenue and expenses?

In 2023, Eugene C and Gail V Sit Foundation reported $366k in total revenue and $926k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.