Api Group Foundation
API Group Foundation is a private grantmaking foundation established in 2020 and based in New Brighton, Minnesota. The foundation is funded by API Group Inc. and operates as a 501(c)(3) charitable organization dedicated to investing in communities through grants and team member partnerships.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
+81.0% YoY
Annual Giving
$1.1M
-14.6% YoY
Grant Count
55
+27.9% YoY
Avg Grant Size
$20K
-33.3% YoY
Mission & Focus Areas
API Group Foundation's mission is to build a better tomorrow by investing in communities through grants and team member partnerships. The foundation demonstrates leadership through active involvement in the communities it serves, prioritizing the safety, health, and well-being of others while building caring and enduring relationships.
The foundation's support is focused on opportunities for youth, historically underserved populations, and veterans. Specific investment areas include:
- Access to safe and adequate housing and physical environments
- Health care, including meaningful mental and chemical health services, and other basic needs
- Quality community engagement
- Educational and workforce development programs
Grantmaking
API Group Foundation does not accept unsolicited applications. Organizations invited to submit a proposal can complete the MN Common Grant Application with supporting materials.
Ready to take the next step with Api Group Foundation?
Geographic Focus
Where this funder awards grants
The foundation's grantmaking is primarily focused on Minnesota, Wisconsin, and Texas. Additional funding activity has been documented in Georgia and Massachusetts.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $1,032,387
- Total Revenue: $1.56 million
- Total Expenses: $1.1 million
- Total Liabilities: $0
- Total Giving: $1,096,500
The foundation has maintained stable financial operations since its establishment in 2020.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,032,387 | $570,411 | $1,787,501 |
| Revenue | $1,559,416 | $67,503 | $304,571 |
| Expenses | $1,097,440 | $1,284,593 | $419,611 |
| Qualifying Distributions | $1,096,500 | $1,284,550 | $419,611 |
| Net Investment Income | $59,416 | $67,478 | $3,071 |
| Distributable Amount | $65,128 | $65,387 | $102,895 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
125 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Leadership includes Kristina Morton serving as President and Director, with a board comprising several directors including Russell A. Becker and Shannon Swanson-Arend.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RUSSELL A BECKER | DIRECTOR | 1 | — |
| LOUIS LAMBERT | DIRECTOR | 1 | — |
| TONY LARSON | DIRECTOR (END 12/2023) | 1 | — |
| TONY LUCIA | DIRECTOR | 1 | — |
| ANDREW S MCCLEERY | DIRECTOR | 1 | — |
| KRISTINA MORTON | PRESIDENT AND DIRECTOR | 1 | — |
| SHELLEY PLUNKETT | DIRECTOR | 1 | — |
| SHANNON SWANSON-AREND | VP AND DIRECTOR (END 5/2024) | 1 | — |
| KRISTEN BETTMANN | TREASURER | 1 | — |
| AMY OLSEN | SECRETARY (END 8/2023) | 1 | — |
| JESSIE SZOPINSKI | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
7
Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Api Group Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities