Alfred a Iversen and Family Foundation
Alfred a Iversen and Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CRYSTAL BAY, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.0M in total assets. In 2024, it awarded 5 grants totaling $1.1M. Net investment income was $170K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.0M
+19.4% YoY
Annual Giving
$1.1M
-4.0% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$218K
-4.0% YoY
About Alfred a Iversen and Family Foundation
Based on IRS filings
Alfred a Iversen and Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CRYSTAL BAY, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.0M in total assets. In 2024, it awarded 5 grants totaling $1.1M. Net investment income was $170K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,993,410 | $4,180,855 | $3,395,484 |
| Revenue | $2,021,856 | $2,008,187 | $164,145 |
| Expenses | $1,209,301 | $1,222,816 | $2,236,991 |
| Qualifying Distributions | $1,090,000 | $1,135,000 | $2,139,500 |
| Net Investment Income | $170,450 | $1,048,760 | $124,165 |
| Distributable Amount | $662,508 | $532,466 | $613,581 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALFRED A IVERSEN | PRESIDENT/DIRECTOR | 1 | — |
| MACKENZIE IVERSEN | DIRECTOR | 1 | — |
| EMILY A IVERSEN | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Total Given
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Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
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Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
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Total Given
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Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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