Southpoint Financial Credit Union Foundation
Accepts applications
Southpoint Financial Credit Union Foundation is a private foundation in Sleepy Eye, Minnesota. In tax year 2025 it gave $53,855 in 19 grants; the typical grant was $1,500 and the largest $10,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$53,855
- Number of grants19
- Typical grant$1,500
- Largest grant$10,000
- Assets$109,429
- New grantees95%
Giving in 2025 was up from $24,600 the year before.
95% 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 | $37,100 | 16 | $84,790 |
| 2024 | $24,600 | 13 | $110,473 |
| 2025 | $53,855 | 19 | $109,429 |
How to apply
| Contact | Troy Diedrich 924 East Main Street, Sleepy Eye, MN 56085 |
|---|---|
| Phone or email | (507) 794-6712 |
| What to submit | Essay applications must be submitted electronically between march 1st and march 31st. |
| Deadlines | Applications submitted after 11:59 p.m., cst, on march 31st will not be considered |
| Restrictions | Applicant must be a member of southpoint financial credit union to apply; applicant must be a high school senior planning to attend an accredited college or university, or a two to four year community, vocational or technical college. All eligible schools must be accredited by the U.S. Department of education; applicant must be a full or part-time student at the school you are planning to attend; applicant cannot be a previous recipient of this scholarship; applicant cannot be an employee, director or committee member or relative (sibling, niece/nephew, child, step-child, or grandchild thereof) of southpoint financial credit union or the foundation. |
Foundation website IRS filings on ProPublica
What Southpoint Financial Credit Union Foundation funds
Where it gives
Its grants went to recipients in 3 states, the most to Minnesota.
| State | Grants | Amount |
|---|---|---|
| Minnesota | 17 | $50,855 |
| Texas | 1 | $1,500 |
| Wisconsin | 1 | $1,500 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| St Mary's Sleepy Eye School | Technology grant | $10,000 |
| Numas Haus | Capital campaign grant | $5,000 |
| Life-Work Planning Center | Women in transition matching grant | $5,000 |
| City of Buffalo | Community center capital campaign | $5,000 |
| Sleepy Eye Baseball Association | New bleacher capital campaign | $5,000 |
| Junior Achievement | 2024 community grant | $3,600 |
| New Ulm Basketball Association | Capital campaign grant | $2,500 |
| Mankato District 77 Abe | Financial literacy workshops grant | $1,755 |
| 2025 St Mary's School Sleepy Eye - Gordon Osmonson Scholarship | Scholarship | $1,500 |
| Minnesota State University Mankato - Heidemann Scholarship | Scholarship | $1,500 |
| Minnesota State University Mankato - Schwanz Scholarship | Scholarship | $1,500 |
| Concordia College Moorhead - Huselid Scholarship | Scholarship | $1,500 |
| Bethel University - Kuehn Scholarship | Scholarship | $1,500 |
| University of MN - Twin Cities - Lawrence Scholarship | Scholarship | $1,500 |
| Ridgewater College - Mathews Scholarship | Scholarship | $1,500 |
| Southern Methodist University Burczek Scholarship | Scholarship | $1,500 |
| University of Wisconsin Eau Claire Wendinger Scholarship | Scholarship | $1,500 |
| Alexandria Tech and Comm College - Finstad Scholarship | Scholarship | $1,500 |
| Sioux Valley Gun Club | Clubhouse capital campaign | $1,000 |
Officers and trustees
- Troy Diedrich
- Kim Peterson
- Tom Gengler
- Scott Surprenant
- Robert Weiss
- Adam Seifert
- Megan Karg
Questions people ask
Does Southpoint Financial Credit Union Foundation accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: Applications submitted after 11:59 p.m., cst, on march 31st will not be considered.
How much does Southpoint Financial Credit Union Foundation give?
$53,855 in tax year 2025, across 19 grants, with a typical grant of $1,500.
Who runs Southpoint Financial Credit Union Foundation?
Its 2025 filing lists Troy Diedrich (President), Kim Peterson (Director), Tom Gengler (Director (Appointed 10/27/2025)) and Scott Surprenant (Treasurer) among 7 officers and trustees.
What does Southpoint Financial Credit Union Foundation fund?
Based on its grants, mainly education.