American-Scandinavian Foundation

Organization Overview

American-Scandinavian Foundation is located in New York, NY. The organization was established in 1920. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2021, American-Scandinavian Foundation employed 44 individuals. This organization is the central organization for a national or regional group of organizations. American-Scandinavian 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 06/2021, American-Scandinavian Foundation generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $3.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, American-Scandinavian Foundation has awarded 45 individual grants totaling $1,021,812. 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 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO BUILD INTERNATIONAL UNDERSTANDING WITH EXTENSIVE PROGRAMS OF FELLOWSHIPS, GRANTS, INTERN/TRAINEE SPONSORSHIP, PUBLISHING, EDUCATIONAL AND MEMBERSHIP OFFERINGS.

Describe the Organization's Program Activity:

TRAINING AND FELLOWSHIP - FELLOWSHIPS AND GRANTS FROM THE AMERICAN-SCANDINAVIAN FOUNDATION WERE AWARDED ON A COMPETITIVE BASIS TO AMERICANS FOR STUDY OR RESEARCH IN DENMARK, FINLAND, ICELAND, NORWAY, AND SWEDEN AND TO SCANDINAVIANS IN THE U.S. AND RECOMMENDED BY ASF'S COOPERATING ORGANIZATIONS IN EACH OF THE NORDIC COUNTRIES. THE RECIPIENTS REPRESENTED A VERY BROAD RANGE OF FIELDS AND UNIVERSITIES AND WERE AT THE GRADUATE, POST-GRADUATE, OR PROFESSIONAL LEVEL. IN ADDITION, THE ASF MADE PUBLIC PROJECT GRANTS TO EDUCATIONAL AND CULTURAL INSTITUTIONS TO BRING SCANDINAVIAN CULTURE AND IDEAS TO VENUES THROUGHOUT THE U.S. OVER THE YEAR, THESE GRANTS SUPPORTED NORDIC PROJECTS IN VARIOUS STATES. THE TRAINING AND INTERNSHIP PROGRAM HELPS YOUNG SCANDINAVIANS AND AMERICANS RECEIVE PRACTICAL WORK EXPERIENCE ACROSS THE ATLANTIC.


PUBLIC PROGRAMS - SCANDINAVIA HOUSE CONTINUES TO BE A VITAL CENTER FOR CULTURAL PROGRAMS AND EXCHANGE BETWEEN THE U.S. AND THE FIVE NORDIC COUNTRIES. MORE THAN 100 EDUCATIONAL AND CULTURAL PROGRAMS WERE PRESENTED DURING THE YEAR. PUBLIC PROGRAMS INCLUDED WEEKLY SCREENINGS OF SCANDINAVIAN FILMS, MUSICAL PERFORMANCES, LECTURES, PRESENTATIONS, LANGUAGE CLASSES, EXHIBITIONS AND CHILDREN'S PROGRAM. DUE TO THE COVID-19 PANDEMIC ALL PROGRAMS WERE PRESENTED VIRTUALLY.


PUBLICATIONS - THE AMERICAN-SCANDINAVIAN FOUNDATION PUBLISHES VARIOUS CULTURAL AND EDUCATIONAL MATERIALS BOTH ONLINE AND IN PRINT.


MEMBERSHIP


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$119,410
Fundraising events$0
Related organizations$0
Government grants $540,775
All other contributions, gifts, grants, and similar amounts not included above$1,045,930
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,706,115
Total Program Service Revenue$47,592
Investment income $1,205,288
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $22,178
Net Gain/Loss on Asset Sales $576,736
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $12,543
Miscellaneous Revenue$0
Total Revenue $3,574,288

Grants Awarded

Over the last fiscal year, American-Scandinavian Foundation has awarded $60,750 in support to 4 organizations.

Grant RecipientAmount

NORSKEDALE N NATURE & HERITAGE CENTER

Org PageRecipient Profile

Coon Valley, WI

PURPOSE: FOLKS ARTS

$30,000

MIDWEST INSTITUTE OF SCANDINAVIA N CULTURE INC

Org PageRecipient Profile

Eau Claire, WI

PURPOSE: FOLK ARTS

$11,690

SWEDISH HERITAGE SOCIETY

Org PageRecipient Profile

Swedesburg, IA

PURPOSE: FOLK ARTS

$10,700

MUSEUM OF DANISH AMERICA

Org PageRecipient Profile

Elk Horn, IA

PURPOSE: FOLK ARTS

$8,360
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 16 grants that American-Scandinavian Foundation has recieved totaling $1,088,175.

Awarding OrganizationAmount
Margaret A Cargill Foundation

Eden Prairie, MN

PURPOSE: SUPPORT FOR FOLK ARTS AND CULTURAL TRADITIONS REGRANTS IN THE UPPER MIDWEST

$400,000
Charles & Lucille King Family Foundation Inc

Garden City, NY

PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE

$275,000
Heimbold Foundation Inc

Darien, CT

PURPOSE: SOCIAL SERVICE

$110,398
Margaret A Cargill Foundation

Eden Prairie, MN

PURPOSE: CAPACITY BUILDING SUPPORT

$100,000
Barbro Osher Pro Suecia Foundation

San Francisco, CA

PURPOSE: CHARITABLE

$85,000
Scandinavian Seminar

Amherst, MA

PURPOSE: TO PROVIDE SCHOLARSHIP SUPPORT TO THE AMERICAN-SCANDINAVIAN FOUNDATION.

$55,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$14,927,568
Earnings$3,852,415
Net Contributions$10,185
Grants$334,485
Ending Balance$18,455,683

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