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
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.
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
Among its reported 2024 grants, the largest include University of St Thomas ($1,000,000), Second Harvest Heartland ($30,000), Common Bond ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHILDREN'S HOSPITAL ASSOCIATION MINNEAPOLIS, MN | PROGRAM SUPPORT | $10,000 |
| COMMON BOND ST PAUL, MN | PROGRAM SUPPORT | $25,000 |
| SECOND HARVEST HEARTLAND ST PAUL, MN | PROGRAM SUPPORT | $30,000 |
| UNIVERSITY OF ST THOMAS ST PAUL, MN | PROGRAM SUPPORT | $1,000,000 |
| WAY TO GROW MINNEAPOLIS, MN | PROGRAM SUPPORT | $25,000 |
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
Frequently Asked Questions
What is 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. It holds $5.0M in total assets as of 2024.
How large is Alfred a Iversen and Family Foundation?
As of 2024, Alfred a Iversen and Family Foundation holds $5.0M in total assets with $2.0M in annual revenue. It awarded 5 grants totaling $1.1M in 2024.
Where does Alfred a Iversen and Family Foundation operate?
Alfred a Iversen and Family Foundation has awarded grants in Minnesota, Ohio.
What size grants does Alfred a Iversen and Family Foundation award?
In 2024, Alfred a Iversen and Family Foundation awarded 5 grants totaling $1.1M — an average of about $218K per grant, based on its IRS Form 990 filings.
How much is Alfred a Iversen and Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Alfred a Iversen and Family Foundation reported a distributable amount of $663K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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