Eugene C & Gail V Sit Foundation

Organization Overview

Eugene C & Gail V Sit Foundation is located in Minneapolis, MN. The organization was established in 0000. 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.

For the year ending 11/2023, Eugene C & Gail V Sit Foundation generated $488.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $781.8k during the year ending 11/2023. While expenses have increased by 4.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Eugene C & Gail V Sit Foundation has awarded 27 individual grants totaling $2,960,000. 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

2023

Describe the Organization's Program Activity:

Part 3 - Line 4a

NONE


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $275
Dividends & Interest $216,741
Net Rental Income$0
Net Gain on Sale of Assets $271,062
Capital Gain Net Income $270,408
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $488,078

Grants Awarded

Over the last fiscal year, Eugene C & Gail V Sit Foundation has awarded $750,000 in support to 7 organizations.

Grant RecipientAmount

PATHWAY'S TO CHILDREN'S FOUNDATION

PURPOSE: TO HELP FURTHER THE ORGANIZATIONS CHARITABLE PURPOSE

$5,000

MINNEAPOLIS INSTITUTE OF ARTS

PURPOSE: TO HELP FURTHER THE ORGANIZATIONS CHARITABLE PURPOSE

$15,000

UNIVERSITY OF MINNESOTA FOUNDATION

PURPOSE: TO HELP FURTHER THE ORGANIZATIONS CHARITABLE PURPOSE

$5,000

WALLIN EDUCATION PARTNERS

PURPOSE: TO HELP FURTHER THE ORGANIZATIONS CHARITABLE PURPOSE

$5,000

MINNESOTA HISTORICAL SOCIETY

PURPOSE: TO HELP FURTHER THE ORGANIZATIONS CHARITABLE PURPOSE

$1,200

MINNESOTANS' MILITARY APPRECIATION FUND

PURPOSE: TO HELP FURTHER THE ORGANIZATIONA CHARITABLE PURPOSE

$708,600
View Grant Profile

Peer Organizations

Organization NameAssets
The Robert D And Patricia E Kern Family Foundation Inc
Waukesha, WI
$170,205,304
Fred C And Katherine B Andersen Foundation
Bayport, MN
$55,268,450
The Richard M Schulze Family Foundation
Minneapolis, MN
$68,904,176
Bader Philanthropies Inc
Milwaukee, WI
$41,185,717
Kiewit Companies Foundation
Milwaukee, WI
$36,875,183
Northwest Area Foundation
St Paul, MN
$54,713,221
U S Bancorp Foundation
Milwaukee, WI
$567,434
J A Wedum Foundation
Plymouth, MN
$32,945,038
General Mills Foundation
Minneapolis, MN
-$304,053
Target Foundation
Minneapolis, MN
$57,393,098
Medtronic Communities Foundation
Minneapolis, MN
$2,010,402
Charles K Blandin Foundation
Grand Rapids, MN
$25,783,880
Schoeneckers Foundation
Minneapolis, MN
$12,855,958
Principal Financial Group Foundation Inc
Des Moines, IA
$8,162,842
Argosy Foundation
Milwaukee, WI
$16,686,500
The Ceres Trust
Milwaukee, WI
$1,828,277
American Family Insurance Dreams Foundation Inc
Madison, WI
$25,226,375
We Energies Foundation Inc
Milwaukee, WI
$22,116,769
Joseph And Vera Zilber Family
Milwaukee, WI
$24,555,392
The Aditi Foundation
Sioux Falls, SD
$13,301,042
Cargill Foundation
Minneapolis, MN
-$2,654,031
The Curtis L Carlson Family Foundation
Minnetonka, MN
$21,132,663
Hall-Perrine Foundation
Cedar Rapids, IA
$3,785,805
Wenger Foundation
Wayzata, MN
-$944,880
Herbert H Kohl Charities Inc
Milwaukee, WI
$4,430,173

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