Donald W & Margaret M Anderson Foundation
- Assets
- $15.7m
- Revenue
- $527.0k
- Investments
- $15.6m
- Employees
- 0
- Location
- Long Lake, MN
- Founding
- 05/1998
- Data as of
- 12/2023
- EIN
- 65-6254236
Organization Overview
Donald W & Margaret M Anderson Foundation is located in Long Lake, MN. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Donald W & Margaret M Anderson 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 12/2023, Donald W & Margaret M Anderson Foundation generated $527.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Donald W & Margaret M Anderson Foundation has awarded 156 individual grants totaling $3,861,438. 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.
Form
990PF
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Van DE Ven Trustee | 1 | $0 | |
Susan Ruedisili Trustee | 1 | $0 | |
Karen Anderson Trustee | 1 | $0 | |
Kathryn Switzky Trustee | 1 | $0 | |
Ronald Anderson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $325,040 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $199,797 |
| Capital Gain Net Income | $199,797 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,186 |
| Total Revenue | $527,023 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $125,718 |
| Contributions, gifts, grants paid | $1,001,438 |
| Total expenses and disbursements | $1,127,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $90,769 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $463,530 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,687,659 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Donald W & Margaret M Anderson Foundation has awarded $1,001,438 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
INTERFAITH OUTREACH & COMMUNITY PARTNERS PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $65,000 |
UNIVERSITY OF WISCONSIN FOUNDATION - UW INITIATIVE TO END ALZHEIMERS PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $20,000 |
INSTITUTE OF AMERICAN INDIAN ART PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $50,000 |
MARQUETTE COUNTY CARE & SHARE FOOD BANK PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $20,000 |
LITTLE EAGLE ARTS FOUNDATION PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $20,000 |
UNIVERSITY OF WISCONSIN STOUT FOUNDATION - DEPT OF MULTI-CULTURAL STUDENT S PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $50,000 |