Sit Investment Associates Foundation
Preselected recipients only
Sit Investment Associates Foundation is a private foundation in Minneapolis, Minnesota. In tax year 2024 it gave $3.2 million in 118 grants; the typical grant was $5,000 and the largest $785,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$3.2 million
- Number of grants118
- Typical grant$5,000
- Largest grant$785,000
- Assets$67.6 million
- New grantees15%
Giving in 2024 was up from $2.7 million the year before.
15% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $2.7 million | 117 | $58.8 million |
| 2024 | $3.2 million | 118 | $67.6 million |
How to apply
Sit Investment Associates Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Sit Investment Associates Foundation funds
Where it gives
Its grants went to recipients in 12 states, the most to Minnesota.
| State | Grants | Amount |
|---|---|---|
| Minnesota | 101 | $3.1 million |
| Kansas | 1 | $50,000 |
| California | 3 | $36,325 |
| Massachusetts | 2 | $30,000 |
| New Jersey | 3 | $6,500 |
| Indiana | 2 | $2,500 |
| Colorado | 1 | $2,500 |
| Pennsylvania | 1 | $2,500 |
| Connecticut | 1 | $2,000 |
| Ohio | 1 | $1,500 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| University of Minnesota Foundation - Connecting Carlson Bldg Project | Operating | $785,000 |
| V3 Sports | Operating | $250,000 |
| Federated Insurance Foundation | Operating | $200,000 |
| Food Group the | Operating | $150,000 |
| Second Harvest Heartland | Operating | $150,000 |
| Sharing & Caring Hands | Operating | $120,000 |
| Vocalessence - Bridge to the Future Campaign Pledge | Operating | $90,000 |
| Loaves & Fishes | Operating | $85,000 |
| Salvation Army - Northern Division | Operating | $85,000 |
| People Serving People Inc | Operating | $75,000 |
| Commonbond Communities | Operating | $60,000 |
| Metropolitan State University Foundation | Operating | $50,000 |
| Twin Cities Habitat for Humanity | Operating | $50,000 |
| Twin Cities Public Television (TPT) | Operating | $50,000 |
| American Pancreatic Association | Operating | $50,000 |
| Lutheran Social Service | Operating | $40,000 |
| Minnesota Historical Society | Operating | $40,000 |
| Project Prep Olympic Development Program - Upper Midwest High School Elite | Operating | $40,000 |
| Association of Asian American Investment Managers (Aaaim) 2024 | Operating | $35,000 |
| Minneapolis Institute of Art | Operating | $35,000 |
| Greater Twin Cities United Way | Operating | $30,000 |
| Interfaith Outreach & Community Partners | Operating | $30,000 |
| Prism | Operating | $30,000 |
| Project for Pride in Living | Operating | $30,000 |
| Vocalessence | Operating | $30,000 |
| American Red Cross - Northern Chapter | Operating | $25,000 |
| Ordway Center for the Performing Arts | Operating | $25,000 |
| Pillsbury United Communities | Operating | $25,000 |
| Smithsonian Institution | Operating | $25,000 |
| Wallin Education Partners | Operating | $23,000 |
| Catholic Charities of Saint Paul and Minneapolis | Operating | $20,000 |
| Community Emergency Services | Operating | $20,000 |
| Greater Minneapolis Crisis Nursery | Operating | $20,000 |
| Marie Sandvik Center Inc | Operating | $20,000 |
| Minnesota Ovarian Cancer Alliance (Moca) | Operating | $20,000 |
| Saint Paul Chamber Orchestra | Operating | $20,000 |
| Concordia Language Villages | Operating | $15,000 |
| Naz - Northside Achievement Zone | Operating | $15,000 |
| Northern Star Scouting - General Operating | Operating | $15,000 |
| Pathways to Children | Operating | $15,000 |
Officers and trustees
- Paul E Rasmussen
- Debra K Beaudet
- Roger J Sit
- Carla J Rose
- Ronald D Sit
Questions people ask
Does Sit Investment Associates Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Sit Investment Associates Foundation give?
$3.2 million in tax year 2024, across 118 grants, with a typical grant of $5,000.
Who runs Sit Investment Associates Foundation?
Its 2024 filing lists Paul E Rasmussen (Secretary), Debra K Beaudet (Asst. Secretary), Roger J Sit (Voting Member) and Carla J Rose (Voting Member) among 5 officers and trustees.
What does Sit Investment Associates Foundation fund?
Based on its grants, mainly education, human services and arts and culture.