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Filing year 2023

SIT INVESTMENT ASSOCIATES FOUNDATION

Minneapolis, Minnesota·EIN 41-1468021·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

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

Total revenue
$2.2M
Total assets
$41.1M
Total expenses
$2.8M
Reported officers
5

Reported officers (all unpaid)

No paid executives reported in 2023. SIT INVESTMENT ASSOCIATES FOUNDATION reported 5 unpaid officers and board members on its 990-PF.

Secretary
Asst. Secretary
Voting Member
Voting Member
Director

Grants paid

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

Total granted

$2.7M

Itemized grants

117

Median grant

$5k

RecipientLocationPurposeAmount
V3 SPORTSMINNEAPOLIS, MNOPERATING$500k
MINNESOTA MILITARY & VETERANS MUSEUMLITTLE FALLS, MNOPERATING$250k
FEDERATED INSURANCE FOUNDATIONOWATONNA, MNOPERATING$150k
UNIVERSITY OF MINNESOTA FOUNDATIONMINNEAPOLIS, MNOPERATING$150k
FOOD GROUP THENEW HOPE, MNOPERATING$120k
SECOND HARVEST HEARTLANDBROOKLYN PARK, MNOPERATING$120k
SHARING & CARING HANDSMINNEAPOLIS, MNOPERATING$100k
LOAVES & FISHESMINNEAPOLIS, MNOPERATING$70k
SALVATION ARMY - NORTHERN DIVISIONROSEVILLE, MNOPERATING$70k
PEOPLE SERVING PEOPLE INCMINNEAPOLIS, MNOPERATING$60k
COMMONBOND COMMUNITIESSAINT PAUL, MNOPERATING$50k
ANNEXSTAD FAMILY FOUNDATIONMOUND, MNOPERATING$50k
MINNESOTANS MILITARY APPRECIATION FUNDMINNEAPOLIS, MNOPERATING$42k
TWIN CITIES HABITAT FOR HUMANITYSAINT PAUL, MNOPERATING$40k
TWIN CITIES PUBLIC TELEVISION (TPT)SAINT PAUL, MNOPERATING$40k
ASSOCIATION OF ASIAN AMERICAN INVESTMENT MANAGERS (AAAIM) 2024SAN FRANCISCO, CAOPERATING$35k
INTERFAITH OUTREACH & COMMUNITY PARTNERSPLYMOUTH, MNOPERATING$30k
LUTHERAN SOCIAL SERVICESAINT PAUL, MNOPERATING$30k
MINNEAPOLIS INSTITUTE OF ARTMINNEAPOLIS, MNOPERATING$30k
VOCALESSENCE - BRIDGE TO THE FUTURE CAMPAIGN PLEDGEMINNEAPOLIS, MNOPERATING$30k
METROPOLITAN STATE UNIVERSITY FOUNDATIONSAINT PAUL, MNOPERATING$25k
ORDWAY CENTER FOR THE PERFORMING ARTSSAINT PAUL, MNOPERATING$25k
PILLSBURY UNITED COMMUNITIESMINNEAPOLIS, MNOPERATING$25k
PRISMGOLDEN VALLEY, MNOPERATING$25k
SABATHANI COMMUNITY CENTERMINNEAPOLIS, MNOPERATING$25k
Compare this foundation's grantees

This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Minnesota

SIT INVESTMENT ASSOCIATES 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 SIT INVESTMENT ASSOCIATES FOUNDATION

What are SIT INVESTMENT ASSOCIATES FOUNDATION's revenue and expenses?

In 2023, SIT INVESTMENT ASSOCIATES FOUNDATION reported $2.2M in total revenue and $2.8M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.