Andreas Foundation

Organization Overview

Andreas Foundation is located in Mankato, MN. The organization was established in 1949. 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. Andreas 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 11/2023, Andreas Foundation generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $4.7m during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Andreas Foundation has awarded 1,427 individual grants totaling $64,026,799. 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 $180,992
Dividends & Interest $2,707,548
Net Rental Income$0
Net Gain on Sale of Assets $1,389,510
Capital Gain Net Income $1,389,510
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $4,278,050

Grants Awarded

Over the last fiscal year, Andreas Foundation has awarded $4,624,860 in support to 158 organizations.

Grant RecipientAmount

ABC COUNSELING & FAMILY INC

PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND

$500

AHS MIDWEST MANAGEMENT INC

PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND

$1,000

ALZHEIMERS ASSOCIATION

PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND

$1,000

ALZHEIMERS FOUNDATION OF AMERICA INC

PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND

$400

AMERICAN HEART ASSOCIATION

PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND

$2,000

AMERICAN RED CROSS

PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND

$10,000
View Grant Profile

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