Alfred a Iversen and Family Foundation
Alfred a Iversen and Family Foundation is a private foundation, 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.
Alfred a Iversen and Family Foundation at a glance
In short: Alfred a Iversen and Family Foundation gave $1.1M across 5 grants in 2024 (avg $218K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,090,000
- -4.0% vs 2023
- Grants made (2024)
- 5
- +0.0% vs 2023
- Average grant
- $218,000
- -4.0% vs 2023
- Median grant
- $25,000
- Total assets
- $4,993,410
- +19.4% vs 2023
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Alfred a Iversen and Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was University of St Thomas ($1.0M). Together the top 5 received $1.1M.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 18 grants of 25 (72%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How Alfred a Iversen and Family Foundation gives
- Giving held roughly steady from 2021 to 2024 (−1%). Method
- In 2024 it paid out 165% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.1M (2024) to $2.1M (2022). In 2024 it made 5 grants totaling $1.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of St Thomas St. Paul, MN | Program Support | $1,000,000 |
| Second Harvest Heartland St. Paul, MN | Program Support | $30,000 |
| Common Bond St. Paul, MN | Program Support | $25,000 |
| Way to Grow Minneapolis, MN | Program Support | $25,000 |
| Children's Hospital Association Minneapolis, MN | Program Support | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,993,410 | $2,021,856 | $1,209,301 | $1,090,000 | 5 | $1,090,000 | $170,450 | $662,508 |
| 2023 | $4,180,855 | $2,008,187 | $1,222,816 | $1,135,000 | 5 | $1,135,000 | $1,048,760 | $532,466 |
| 2022 | $3,395,484 | $164,145 | $2,236,991 | $2,139,500 | 5 | $2,139,500 | $124,165 | $613,581 |
| 2021 | $5,468,330 | $98,234 | $1,194,353 | $1,100,000 | 4 | $1,100,000 | $86,509 | $638,318 |
| 2020 | $6,644,449 | $139,490 | $1,394,450 | $1,310,000 | 6 | — | $93,737 | $540,201 |
Under IRS private-foundation payout rules, Alfred a Iversen and Family Foundation reported a distributable amount of $663K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Alfred a Iversen and Family Foundation is led by Alfred A. Iversen, President & Director on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Alfred A. Iversen
President & Director
On filings since 2020
1 hr/week
No compensation reported
Emily A. Iversen
Director
On filings since 2020
1 hr/week
No compensation reported
Mackenzie Iversen
Director
On filings since 2022
1 hr/week
No compensation reported
Former officers (1)
- Former: Brenda C. Iversen (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Alfred a Iversen and Family Foundation
How much does Alfred a Iversen and Family Foundation give each year?
Alfred a Iversen and Family Foundation gave $1.1M across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.1M across 5 grants.
What is Alfred a Iversen and Family Foundation's typical grant size?
Alfred a Iversen and Family Foundation's median grant in 2024 was $25,000, and its average grant was $218,000, across 5 grants on its 2024 IRS Form 990-PF.
Where does Alfred a Iversen and Family Foundation give grants?
Alfred a Iversen and Family Foundation gives mostly in Minnesota: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were St. Paul, MN (3 grants) and Minneapolis, MN (2 grants).
Does Alfred a Iversen and Family Foundation give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Alfred a Iversen and Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (5 grants).
Who are Alfred a Iversen and Family Foundation's largest grantees?
Alfred a Iversen and Family Foundation's largest 2024 grantees include University of St Thomas ($1,000,000), Second Harvest Heartland ($30,000) and Common Bond ($25,000), according to its 2024 IRS Form 990-PF. Together they received 97% of its itemized 2024 grant dollars.
How large is Alfred a Iversen and Family Foundation?
Alfred a Iversen and Family Foundation reported $5.0M in total assets on its 2024 IRS Form 990-PF. It paid out $1.1M in qualifying distributions that year, against a required minimum of $663K (roughly 5% of its investment assets).
What is Alfred a Iversen and Family Foundation's EIN?
Alfred a Iversen and Family Foundation's EIN (Employer Identification Number) is 04-3781038. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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