Security State Bank Foundation
Accepts applications
Security State Bank Foundation is a private foundation in Hibbing, Minnesota. In tax year 2025 it gave $14,000 in 20 grants; the typical grant was $500 and the largest $1,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$14,000
- Number of grants20
- Typical grant$500
- Largest grant$1,000
- Assets$287,553
- New grantees80%
Giving in 2025 was the same as $14,000 the year before.
80% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $14,300 | 18 | $278,077 |
| 2024 | $14,000 | 15 | $290,839 |
| 2025 | $14,000 | 20 | $287,553 |
How to apply
| Contact | Spencer Aune 701 E Howard St, Hibbing, MN 55746 |
|---|---|
| Phone or email | (218) 263-8855 |
| What to submit | Contact the Foundation |
| Restrictions | Priorities include youth, elderly, community and low income families and scholarships to local graduating seniors |
What Security State Bank Foundation funds
Where it gives
All of its grants went to recipients in Minnesota.
| State | Grants | Amount |
|---|---|---|
| Minnesota | 20 | $14,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Andrew Rasch and Univ of North Dako | Scholarship | $1,000 |
| Boys and Girls Club of Hibbing | General support | $1,000 |
| Hibbing Little League | Pitching machine | $1,000 |
| Finn Eskeli and College of St Schol | Scholarship | $1,000 |
| Sturgeon Chain Lake Assoc | Pickleball courts | $1,000 |
| Hibbing Historical Society | Newspaper digitization | $1,000 |
| Northern Star Scouting | Boy Scouts program | $1,000 |
| Hibbing Area Chamber | Office update | $1,000 |
| Light After Loss | Hope remembrance park | $1,000 |
| Hibbing Farmers Market | Little free library | $500 |
| Northern Aquatics Swim Club | Initial startup | $500 |
| Hibbing Tourist & Senior Citizen Center | Technology upgrades | $500 |
| Care Partners | General assistance | $500 |
| MDCFairview | Youth mental health day | $500 |
| N St Louis County 4-H | Shooting Sports & Wildlife Project | $500 |
| Hibbing-Chisholm Rangers Spec Olympics | Spring/Summer meet | $500 |
| Family Life Center Range | Carseat safety, diapers, formula | $500 |
| Families and Communities Thrive Together | Hibbing barn dance | $500 |
| United Way NE MN | Veterans gift baskets | $350 |
| Northland Counseling | Program support | $150 |
Officers and trustees
- Spencer Aune
- Kim Thomas
- Mark Gardeski
- Rachel Simmons
- Greg Hoag
- Patty Sletten
- Gary Oie
Questions people ask
Does Security State Bank Foundation accept grant applications?
Yes. Its latest IRS filing says it accepts applications.
How much does Security State Bank Foundation give?
$14,000 in tax year 2025, across 20 grants, with a typical grant of $500.
Who runs Security State Bank Foundation?
Its 2025 filing lists Spencer Aune (President), Kim Thomas (Treasurer), Mark Gardeski (Director) and Rachel Simmons (Secretary) among 7 officers and trustees.
What does Security State Bank Foundation fund?
Based on its grants, mainly youth programs, education and arts and culture.