Fred C And Katherine B Andersen Foundation

Organization Overview

Fred C And Katherine B Andersen Foundation is located in Bayport, MN. The organization was established in 1961. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fred C And Katherine B Andersen Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Fred C And Katherine B Andersen Foundation generated $63.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $46.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Fred C And Katherine B Andersen Foundation has awarded 525 individual grants totaling $84,334,757. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

NONE


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
First State Bank Of Bayport
$301,919
The Charles Schwab Corporation
$311,828
The Private Trust Company Na
$215,697
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $1,837,270
Dividends & Interest $16,655,439
Net Rental Income$0
Net Gain on Sale of Assets $44,953,223
Capital Gain Net Income $44,953,223
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $63,445,932

Grants Awarded

Over the last fiscal year, Fred C And Katherine B Andersen Foundation has awarded $44,106,147 in support to 253 organizations.

Grant RecipientAmount

MAYO FOUNDATION

PURPOSE: GENERAL SUPPORT

$8,400,000

REGIONS HOSPITAL FOUNDATION

PURPOSE: GENERAL SUPPORT

$4,000,000

AMERY REGIONAL MEDICAL CENTER

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: GENERAL SUPPORT

$2,000,000

LAKEVIEW FOUNDATION

PURPOSE: GENERAL SUPPORT

$1,595,500

GUNDERSEN MEDICAL FOUNDATION

PURPOSE: GENERAL SUPPORT

$1,500,000

Roseville, MN

PURPOSE: GENERAL SUPPORT

$1,200,000
View Grant Profile

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